Market has reached a strong resistance area and formed a nice engulfing bearish candle below 50 EMA You can enter short now with stops above swing high
Gold is seen to be testing recent swing lows at $1195/95 levels for the third time in the past trading sessions. If the yellow metal manages to break below, we could be seeing lower levels towards $1180/85 levels before the rally could possible resume. Looking at the wave structure, Gold might be still working on a larger degree corrective Wave B, if the above...
AUDCAD is approaching our first resistance at 0.9472 (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement, short term descending resistance line) where a strong drop might occur below this level pushing price down to our major support at 0.9329 (horizontal swing low support, 100% Fibonacci extension). Stochastic (21,5,3) is also...
AUDCAD is approaching our firsts resistance at 0.9471 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong drop might occur below this level pushing price down to our major support at 0.9332 (100% Fibonacci extension, Elliot wave structure). Ichimoku cloud is also showing signs of bearish...
AUDCAD is trading inside both a 1D Channel Down and a 1W Channel Down (RSI = 37.714, Highs/Lows = -0.0063). The neutral action on 1D (RSI = 46.154, ADX = 42.056, CCI = 2.5311, Highs/Lows = 0.0000) suggest that the pair is near pricing a Lower High. As you see on the chart the potential Lower Highs are indicated and can be used as short entries. Our first TP is the...
Great short Ichimoku setup. In worst scenario, price might pull back to 61 Fib retracement but should drop from there anyway. Doubled Ichimoku settings used. Observe how price will respect Fib time extensions. Target 1.61 fib extension.
WELCOME TO DACAPITAL TRADING!! AUDCAD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Small Pullback to previous H4 Highs taking out sellers DAILY Small 3 day pullback last week but overall bearish WEEKLY Very bearish price action last few weeks following this move LEVELS SELL AUDCAD @ 0.95550 SL @ 0.96670 (110...
AUDCAD reaching key daily resistance levels. As the AUD is still week, we expect a downtrend in the next couple of hours. Candle patterns rejecting the zone as well.
AUDCAD is approaching our first resistance at 0.9555 (horizontal overlap resistance, 23.6%, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.9419 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias....
AUDCAD is approaching our first resistance at 0.9555 (horizontal overlap resistance, 23.6%, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.9419 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias....
That would be a WXY double combo. That was what I was looking for on Eur/Cad on weekly. So far it has been playing out nicely. Notice the similarities.
I am more bearish on this pair but lets wait and see next week.
AUDCAD Price near an important resistance and being rejected. Additional reasons: - Bearish Setup with the Moving Averages - Good Reward to Risk ratio, almost 3.
AUDCAD Trade opportunity on the resistance, with a bearish setup of the moving averages. The trade offers an appealing risk to reward opportunity of 1:2.89.
EURUSD is approaching major support at 1.1493 (Fibonacci extension, major swing low support, bullish divergence) and a strong bounce could occur at this level to push prices all the way up to major resistance at 1.1560 (Fibonacci extension, horizontal pullback resistance). RSI (55) sees bullish divergence vs price signalling that a bounce is impending. Trading...
This is nearly a perfect example of a Kijun Bounce. RSI has reset to near 45, perfect bounce off of Kijun, rejection near middle of BBand. All 4 conditions have been met for this trade: Chinkou below price, Bearish TK, Bearish Cloud, and price is below the cloud. I am however a little late on this entry, but I am still happy with it.