AUDCAD has finally surpassed its descending resistance-turned-support line triggering a potential bullish move from here. Our main area of support remains at 0.9782 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could push price up possibly to 0.9876 resistance (Fibonacci extension, horizontal swing high...
I am seeing a nice potential trade set up. It may not unfold immediately but it is very likely to pay very well. It has a potential of up to +300 pips. I am seeing it can go to retouch 1.0 again. Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes, and does not constitute investment advice. The risk...
The Australian Dollar has been trading in an ascending channel against the Loonie since mid-November. The upper boundary of this pattern and a long-term channel down near 0.9875 was reached five weeks later. Since then, the Aussie’s failure to move below the 0.9782 mark has resulted in the formation of a descending triangle. The pair had reached its upper...
AUDCAD is seeing major support above our 0.9782 zone (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could occur above this level to push price up to major resistance at 0.9876 (Fibonacci extension, horizontal swing high resistance). We are seeing intermediate resistance with our descending resistance line and price...
Price has bounced off our major support level perfectly and could rise further to our major resistance area. Our major level of support still remains at 0.9782 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). Our next major level of resistance is at 0.9876 (Fibonacci extension, horizontal swing high resistance) and our next...
i short again the audcad last trade was winning trade,for this one same scenario i found that even aud is strong cad is undervalued also on h4 audcad is overbough and i see a rsi divergence in a time frame that i not remeber when i writting now What i target is a return on a ma20 weekly after a breakout short at 0.9863 target 0.9785 gain 80 pips For this...
Hey guys, I wanna buy the pair IF It breaks the trend line for a couple of pips. Cheers Jesse
Price is approaching a major level of support at 0.9782 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to drive price up. Our next major level of resistance is at 0.9876 (Fibonacci extension, horizontal swing high resistance) and our next major level of support is at 0.9742...
Hi guys, I am looking to short this pair as it seems it's ready for some correction. Target is a fib level. Cheers Jesse
Bearish Overbought RSI / small divergence 88.6 Fib
short at 0.9830 for target 0.9780 =50 pips i bet again on a correction as cad is undervalued and audcad much overbought even he just broke his ma20 weekly ,the candle is not finished i go on 2x1 lot when 1 lot will reach 25 pips i will close it and let the 2nd with a SL at +10 pips for secure 35 pips
Hey, youraverage trader here! - Symmetrical triangle
If looking at the pair’s movement in the long term, the Australian Dollar has been trading in a descending channel against the Loonie since late February. The upper boundary of this pattern was tested on November 2. The pair subsequently edged lower—a move that resulted in the formation of another channel down. The Aussie was testing its upper boundary last...