Hello guys as you can see on the 1D Chart we are forming potentially a inverted H&S (head&shoulders pattern). Strong support/Buy in Zone @0.97243 R1/T1: 0.98217 R2/T2:0.99017 R3/T3:0.99858 R4/T4:1.01045 R5/T5:1.02531 Tell me what you think? Cheers kasmirpuma
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Pair makes an incredible upward movement and is supported by the 0.9830 price level, so it will keep pegging upwards to go towards the end level at the 1.0050 level. Pegerakan quite promising because there is a line resitance and support lines side by side. If the price does not move down to the level of 0.9800 then this movement will continue. A retrieval to the...
AUDCAD is fast approaching major resistance at 0.9705 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9644 (Fibonacci retracement, horizontal pullback support). Stochastic (89,5,3) is seeing major resistance at 91% where a corresponding...
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...
Long in FX:AUDCAD searchig the continuation of the trend & the Elliott Waves.
AUD/CAD has consolidated in the 0.98 area for the past 2 weeks and does not seem to want to go back down. This could potentially very well be a bullish continuation pattern if the current support holds. We can expect it to go up at least 100 pips as soon as it breaks upward. As always, I would like to remember you that risk management is key in success in this...
On the daily time frame AudCad is looking at further down movement. The lower range has already been broken and the indicators show power that might also break the support. So AudCad sell position can be profitable to hold for 1-2 days. Entry: cmp TP: 0.97 > 0.9645 SL: 0.9820
Hey, youraverage trader here! - Symmetrical triangle
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Watching the weekly chart as the successful test of this trend line may provide a great buying opportunity.
Hi guys, A typical pattern appeared again: The Australian Dollar is showing exhausting and a possible trend reversal is on the way. A double bottom appeared with an RSI divergence. I will wait until the candles break the 20 SMA and close above it in order to enter. This analyzis has been done on the 4H chart. Thank you for reading :) Ray
Hey guys, here we can see a Bat pattern already completed at 0,9975 level. Stops below X, targets as usual in harmonics. RSI Oversold additional confirmation. If you want to share ideas or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Entry 0.99192 Stop loss 0.98592 You could enter a bit earlier since in both cases price didn't reach all the way there, so maybe enter at 0.995 if risk-averse and don't want to miss your chance.
Sorry this is one I forgot to add in this morning, I've already entered on AUDCAD but there is an opportunity arising to jump in soon. 30M has completed a Bullish Golden Crossover (EMA50 Above EMA200) and we are seeing the 1H chart is now preparing to cross over. Price broke out of the short term bearish downtrend above the trend line and heading towards first...