I have been reentry sell position at 1.01982 and wanting to hold short until 0.99576 . after the market open hoping to gap down below because of the French Election this Sunday.
It seams like a flag pattern is under construction on this pair. We had also a very nice push down this week like I guessed on my first idea I published before on April 28th. I think there is more potential for bears to take over control on AUD/CAD. I have also put a tight stop-loss on my idea because there is no need to have it wide imo. if price moves in wrong...
Price rebounded again on a support level. Now waiting for possible SHS structure. If price stops in the next resistance level, price could be drop till the neckline and then, if it breaks, till the next psico support level(1,000)
AUDCAD - BUY (by Ellalan) (E11) BY Ellalan
Short at yearly R1 1,02759 , first target is week pivot 1,0203 and then month pivot 1,0139. stop loss month R1 1,0352
Great Short possibility. Watch for a bounce from trendline and get in this SHORT
Short AUDCAD @1.02799; Target Profit 1.01549 as for stop loss, your choice
Sale within the beginning of a new trend. TP1= 4:1 TP2= 8:1
AUDCAD potential long or short getting squeezed in between curved trendline and huge monthly resistance.
After one terrible last week and taking some time out this week, now I'm looking for new trades for next week. There is a big resistance line on daily chart which goes back to April 2014, November 2016 and last now in end of March 2017. Will it break or will it be kicked back down?
Price has rebound at support level. Also, price has not close below hourly trend. We can expect a bullish movement till resistance level.
AUDCAD, Bullish bias while above the Yearly quarter pivot above 1.0270. Pair is overbought on 4h chart and expect a pull back. The pair is not overbought on the daily chart with room to the upside.
Hi Traders, Price is at a previous support and resistance level which has been tested multiple times and bearish trend line confluence right at the support and resistance level after a retracement of 50%. Wait for a bearish engulfing candle and an entry can be made when the markets open after weekend. The targets can be booked at the next support level...