Price has broken down and start to consolidate lower. All EMAs are pointing lower. Tension in the Risk markets will allow for eventual follow through.
AC made a breakout of the support line twice, this time I think the price will fall to the support line 2.
BIG picture AUD_CAD IS TRYING TO BREAK THE RESISTANCE BEING IN A TRIANGLE AT THE CHANNELS END| (1) Either wiggle in the triangle OR straight upwards. (2) After breakout>>> LONG after pullback. (3) Targets on the chart. ________________________________________________________ LIKE and SUBSCRIBE for LULZ!
Hey guys, Important CAD news today. We gonna see a lot of fundamental statistics in 40 minutes. It may drive AUDCAD to new structure highs. currently, the price is consolidating within an ascending triangle formation. daily candle close above its resistance will be a good signal for us to buy on a pullback. target levels: 0.975 0.98 in case of positive...
After an uptrend that has lasted for about a month, the price is losing the buying power The price is now retreating from a major resistance area The volume indicator is showing significant weakness in buying I expect to sell for short periods
AUDCAD on the weekly chart hit a weekly resistance and price started a retracement move. On the Daily chart price moved inside an uptrending channel and recently broke a bull flag for a new test of the upper structure. Price is now ranging between the 2 structure and price bounce over the 0.618 of the previous minor leg. IF the price will break and close above...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
AUDCAD The price has respected the channel once more and I believe it will reach the dotted line to come back down again and reach the purple zone. Wait for the retest before taking your entry. . . . El precio respeto el canal una vez mas y creo que el precio llegara hasta la linea punteada roja para volver a bajar y llegar hasta la zona morada. Esperen hasta que...
Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Very bullish pressure above main sr level. 4 HOUR Overall bullish waving market structure, good long entries! DAILY Expecting prices to move towards previous week highs. - FOREX SWING BUY AUDCAD ENTRY LEVEL @ 0.95490 SL @ 0.94950 TP @ 0.96330 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels...
It is long trend, After the flag pattern, it is retested and going up.
AUDCAD Sell moving nicely - had a small pull back and now looking like it can continue down - if entering now, keep your SL to just above the last high. The entry price, SL and multiple TPs are shown on the chart from the initial entry. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will...
AUD/CAD has retreated from its resistance level at 0.9636 and has retracted down to support level 1. Following this move, I anticipate one of the below scenarios to follow: 1. Price rejects at support level 1 and price reverts back up to the 0.9636 resistance level. If this occurs, I will wait for clear confirmation by a closed 4H bullish candlestick and will...
After a little summer hiatus, I came back with weekly analyzes. One of the best options are on the AUDCAD pair. Almost every timeframe is overbought by the RSI, and the price is dancing around a strong resistance level. A correction is expected, which provides us with excellent Risk-Reward trade. If the 0.9636 level broke, open a short trade.
AUD/CAD is in a Flag formation, coming out from a leg down, which is expected to result into another leg down. I am in since 0.95642 and I am taking profit sligthly above 300 level. For the current setup to remain with a good risk reward ratio, I reccomend taking profit slightly above 0.95220. Good luck with this trade, looks all good to me! Tibor
AUDCAD on the weekly chart hit a weekly resistance and price started retracement. On the Daily chart price moved inside an uptrending channel and now ranging between 2 structure and price almost hit the 0.618 of the previous minor leg. IF the price will break and close above the 0.96700 area we will set a nice long order according with Plancton's strategy. ...
Will be expecting a correction on AUDCAD on this simple analysis