Looking for this to retrace back 50% fib to around 151.238 before we drop down to 147 again. Have a great trading week guys and RISK MANAGE AT ALL TIMES... Non Farm Payrolls are also this week so expect high volatility as usual. & Shoutout to Benji @pipseyhussle for showing me how to use Fib retracements ahaa
Hey guys, I hope you enjoyed your weekend! It looks like we are having a head and shoulders pattern on AUD/CAD on the H1 timeframe. I am looking for a small rebound and if I see any bearish evidence I will short, my target will be the neckline. I will detail the trade if I take it. Best Jesse
The Australian Dollar was driven by strong downside momentum against its Canadian counterpart for four weeks and thus fell by 4.94%. This bearish sentiment allayed considerably mid-April when the rate entered a short-term period of consolidation. This movement sideways resulted in a breakout of the prevailing steep channel down. The pair has since remained...
Continuing this short trend as price broke support of .98 and is willing to continue short to .972 Risk Reward 1.75
There goes Aud'cad. I would expect a 50-62% retrace for wave 2. Keep in mind that I anticipate this move to be corrective so it may wind up being choppy.... Then I look for another sell whenever it finishes correcting.
Hey Guys and Welcome, AUDCAD broke previous week lows, we are following „Mid“-term Trend with a good RR. Bearish reaction after forming another HL with a 60% pullback..Following this trend expecting another break.. Short: 0.97457 Sl: 0.97881 (40 Pips) TP: 0.97060 (40 Pips) TP2: 0.96480 (100 Pips) Feel free to Comment and Discuss my Trades. Have a Great...
Hey guys, It looks like we have an inverted H&S pattern on this pair. RSI is moving higher forming a nice bullish divergence on H4. I will be looking to buy as soon as I have a bullish evidence around the area as shown in my chart, it may correct a little bit more. 1st target will be the neckline, then the fib level. Trade with care! Any like/comment...
AUDCAD. BUY IDEAL TP WOULD BE 1.00
Price met with resistance and rejected it well below previous hourly candles Price is still below 50ma RSI is not oversold on the daily, which gives it more room to go ADX is rising on the daily chart indicating strong trend
same bounce that broke trend up is the same bounce down from the general range
Price rejecting a critical area. Lets wait for a breakout.
AUD/CAD is at a very strong support as well as a very strong trend line. looking at the 4 hour chart you can see some pin bar bullish candles formed already, it is a great chance to go long with a tight stop loss and at least 1:3 Risk reward/ Ratio
Hey Guys and Welcome, AUDCAD broke previous Week lows, we are following „Mid“-term Trend with a good RR. Very bearish over the last 3 weeks, following this drop with a good Price action. Short: 0.99064 Sl: 0.99572 (50 Pips) Tp: 0.98606 (50 Pips) Tp2: 0.97905 (120 Pips) Feel free to Comment and Discuss my Trades. Have a Great Week :) Alan
Hey Guys and Welcome, AUDCAD pushed back over 60% of previous Week price action, we are following „Mid“-term Trend with a good RR. Strong new Highs were made last week and price managed to push back down to retest previous H4/Daily Highs. Long: 1.00858 Sl: 0.99854 (100 Pips) Tp: 1.02108 (125 Pips) Feel free to Comment and Discuss my Trades. Have a Great...
During the past few months, the Australian Dollar has been appreciating steadily against its Canadian counterpart. Bulls added strength to this gradual increase in price, thus allowing for a breakout of the prevailing three-month channel. This event occurred on March 13 when the Loonie was weakened substantially in the wake of a speech by the BOC Governor Poloz....
AUD/CAD has shown a decisive breakout at channel top, raising scope for further upside. Canadian dollar weakens on the back of dovish BoC and falling crude oil prices. On the otherside, the Aussie remains buoyed by stronger Chinese industrial and fixed asset investment data. Technical studies are bullish on weekly and daily time frame charts. The pair is now...