Hello Traders, Here is a great short opportunity in AUDCAD 0.01% . Although this is a short term set up. There is a larger Wolfe Wave in the Daily Time frame, also pointing in the same direction. This could in turn, be the spark that ignites the larger Wolfe Wave. Daily Time Frame You can follow the Daily Time Frame in the related link below. Best, Chartistry
I'm going to be looking for movement here in this region. 3 things could happen. 1.) Pair rebounds quickly without coming close to the resistance/trend-line, in which case I will skip this trade. 2.) Pair falls further into the resistance zone and bounces off of the trend-line. If confirmed, I will enter long. 3.) Pair falls into zone and breaks below...
Talking Point: Technical Strategy : Turning Bearish Elliottwave View: Expecting completion of wave (C) of c. Analysis AUDCAD was trading sideway from Aug-2013. We were seen May-2015 a declined again but unable to takeout Aug-2013 low in impulse manner. We experienced a bounce from 9170 area in May-2015. However, upside was corrective and can be counted as...
Bullish flag on the 4hour chart.. maybe pull back a bit lower and test the ascending channel support and & 0.236% fib from the daily chart .. will enter a trade once its broke the flags resistance with a main target of the 1.618 extension
buy @ 0.99618 I don't think this XA leg is very clear cut but I will use this pattern to enter into a trend-continuation trade. Also this pattern allows me to put stops below the 0.9983 weekly major support line as well as below the previous highs that repeatedly bounced off 0.9940-60.
i forgot to post this, old now. but i thought it was beautiful trade i made.
Formed a bearish bat. Looking for divergence and then a sell setup
Probably butterfly pattern? Watch price action on .78 .88 retracement to confirm breakout
This is AUDCAD 2-hour chart where we can see the impulse down, now this pair is in correction and we're looking to catch the next impulse down.Traders who are more conservative with their trading should wait for the breakout since its a safer entry, because we dont know for how long this can consolidate before it goes down.For traders who are looking to get this...
AUD/CAD is moving within a major downtrend and formed a Cypher Pattern. Now you could enter a short Position after a breakout to the downside
AUD/CAD finds major support by 50-DMA currently at 0.9830, pair struggles to close below. Momentum for the pair has turned bullish. RSI is at 50 and biased north. Stochs show bullish crossover from oversold territory. Major support below 50-DMA lies at 0.9816 (38.2% Fib), we see weakness only on break below. Upside finds major hurdle at 0.9905 (20-DMA), break...
CAD seems to have had some positive economical data, which just triggered this breakout to the downside. Waiting on a minor pullback to enter this buit should sell into .97911 or lower. Enjoy