PAIR: AUDCAD BIAS: BEARISH HORIZON: MEDIUM-TERM Price has nicely formed a head and shoulders pattern, which it broke down from, coinciding with a break of the rising trend line. We could see price have a retracement to the structure zone, where the 38.2 Fibonacci level is at, and possibly retest the descending trend line as well. With multiple confluences,...
Pattern: Bearish Megaphone on 1W. Signal: Sell as the price got rejected after breaking the 1W MA200 and the MACD is in a position to make a bearish cross. Target: 0.9091. Previous AUDCAD signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also...
AUDCAD reversed below its resistance at 0.95159 where it could potentially drop further to 0.94258. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
The trend is your friend until the end when it bends. lets see
Price is facing bearish pressure from our first resistance in line with our descending trend line where we could see a reversal below this level.
Price is facing bearish pressure from our first resistance in line with our descending trend line where we could see a reversal below this level.
Price is testing our first resistance where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well.
good for sell if the price breaks the support line or retests the blue trend
This is a very small trade in terms of pips however the potential percentage is huge. There is an inefficiency shown on my analysis and this must be filled before pushing down from this head and shoulders formation. There are many ways you can incorporate multiple styles together. Using "smart money" with standard chart patterns and fibonacci can be a great...
Hello Fam! The uptrend we caught after falling wedge breakout can be continued if we also break the horizontal resistance. It's also a good entry for long. Good luck to you! If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
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!
Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Bearish market open and pressure below main sr level. 4 HOUR Prices broke back into our trend following midterm. DAILY Overall bullish market at its lows, good long entries! - FOREX SWING BUY AUDCAD ENTRY LEVEL @ 0.95570 SL @ 0.95130 TP @ 0.96240 Max Risk. 0.5% - 1%! (Remember to add a few pips to all...
Head and Shoulder pattern indicates trend reversal. Safe entry would be the break and retest of the neckline indicated on the chart
Head and Shoulder pattern indicates trend reversal. Safe entry would be the break and retest of the neckline indicated on the chart
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!