We are trending down on the daily timeframe and have made a bearish bat pattern
Hey Trader :) Habe mir gerade eben mal das Währungspaar AUDCAD angeschaut. Wir sind derzeit in einer neutralen Zone und brauchen, wie im Chart beschrieben, einen Bruch oberhalb des Widerstandsbereiches oder favorisiert einen Bruch nach unten durch die Unterstüzung. Füße stillhalten und beobachten.
A potential Cypher pattern on the Aussie CAD pair has been spotted. Overall, the pair is in consolidation on the 4 hour time frame (with expectations of going to the upside) and the pattern is inside said timeframe. Therefore, a long position can be opened. Stops are placed below the consolidation zone; Target 1 is placed at a 61.8 retracement and target 2 is...
During the past two weeks, the Australian Dollar has weakened against its Canadian counterpart. This movement downwards was confined in a falling wedge. Along the way, the Aussie likewise breached a medium-term channel early on Wednesday when sluggish Australian wage data initiated a selling spree for the pair. The pair has since returned at an intersection of...
Triangle pattern - low highs - daily downtrend line - daily support & resistance not tested yet at 0.9655. Confirmation below 0.97900 needed.
AUD/CAD is extending grind lower in sloping channel pattern, bias lower. Aussie dented after dovish RBA's quarterly Statement on Monetary Policy (SOMP. RBA SOMP showed the central bank concerned about the strength of the Aussie. RBA revised up outlook for jobs growth, forecasts unemployment rate at 5.5 pct out to June 2019, 5.25 pct by Dec 2019. Recovery in the...
Simple analysis... If broke the wedge up strongly then buy.
Last week price failed after accumulating above key support at 0.97627. A pull back and re-test of previous support turning resistance will provide a great place to look for Bearish set ups for Short down towards the the next key area of support and target of 0.96445
My entry is @ 0.976 so my SL is already in profits. Im waiting for a re test @ 0.9755 to add some lots.
Since last month's candle was a bear candle, I am looking for bear moves on the daily time frame such as this one. Price broke through the moving average. This suggests a possible move even lower. My pending orders sit at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6, 0.0. Each order has a stop loss of 30 pips. Risk is less than 2% per...
The AUD/CAD exchange rate has been trading sideways for the last seven weeks. Two channels, however, have prevailed during this time. The senior formation has confined the pair in the previously-mentioned sideways movement. In case the junior pattern is to prevail, the Aussie might leave this range and move upwards, especially given that the 0.97 mark reached on...