hi guys . here i see a sell oppertuinity. cheers
sell audcad bearish cypher stop and target on the chart good luck
AUDCAD price is on low level, and the Relative Strength index is in oversold zone, this is a good entry for long position's.
USDCAD is approaching its resistance at 0.9431 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.9319(38.2% Fibonacci retracement, horizontal overlap support).
AUDCAD is approaching its resistance at 0.9364 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.9328(23.6% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected
Price is approaching our first resistance (pullback resistance, 61.8% Fibonacci extension) where we might see a drop to our first support (pullback support, 50% Fibonacci retracement). Stochastic is also approaching resistance where we might see a drop in price. Stochastic is also approaching resistance. Trading CFDs on margin carries high risk. Losses can...
Wait until one sees a solid change in direction before getting in. I assume it will test resistance at 0.92662 or a bit lower, then as the market direction is short this is an opportunity to short with tp at 0.91238
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
the price is down of the trend line wave and must be grow up till end of arrow.
Long AUDCAD @ 0.9250; TP @ 0.9435, SL your choice
After breaking our previous trendline on the 3rd touch and dropping heavy, our pair is currently sitting on a S/R level where we could see a possible bounce as we spotted divergence in the Stochastics. I will personally go Long once Stochastics cross the Lower Band.
Afternoon traders, Looking at Aussie dollar versus Canadian dollar as it trades around support levels from early March whilst matching up with extreme oversold levels on both RSI and stochastics. Additionally the move lower appears to be running out stream here both on volume and on price action with the pair sticking in a 30pip range for the past 24 hours....
Most of the AUD pairs are currently in a corrective move. We need to try and catch the end of the current corrective pattern to find the impulsive move up. The charts are suggesting we are starting the up-move to complete the larger corrective C wave. We can either be patient and catch this move up on the Daily or for all you day traders, you can drop to the...
The main chart shows the monthly TF picture of the AUDCAD pair. Here as seen the price is confined inside a triangle which has been respected on numerous occasions. Additionally the red lines represent the nearby support and resistance levels drawn from the monthly charts. For A SHORT scenario to take place, the price must breach the triangle and the monthly...
Hi Traders, The AUDCAD rally that started in Oct 2018 from 0.9107 low can be seen as an Elliot Wave impulse structure, labelled 1-2-3-4-5. According to Elliot Wave Principle, a three-wave correction in the opposite direction follows every impulse. . AUDCAD's seems to be in the corrective phase since 18th Dec 2018 and it's unfolding as a combination. So far, we...
the chart Beautifully show the "eliotwave" laws and action too them...
Wait to see how the market opens... Price may potentially bounce of trendline rather than support...
Price closed for the week below last week's low. I'll be looking to short this pair around last week's low of 0.94385 using a 4H chart. Once price returns to 0.94385, I'll begin watching a 4H chart for a candle to close below a previous candle's low. If this occurs, I will be looking to short the previous 4H candles low using levels on the 1 minute time frame.