Hi guys, this evening i want to bring your attention on this scenario on AUDCAD. As you can see on the left hand side of your screen, price is now testing a key resistance zone on the daily timeframe. Also, it has created two different ab=cd patterns (one on the daily, one on the 4hr chart) that are going to complete right at that structure level. RSI is in...
Hi guys, this evening i want to bring your attention on this scenario on AUDCAD. As you can see on the left hand side of your screen, price is now testing a key resistance zone on the daily timeframe. Also, it has created two different ab=cd patterns (one on the daily, one on the 4hr chart) that are going to complete right at that structure level. RSI is in...
This is The Best Setup Ever. C leg is extremely streched shows bearish pressure.Any short trade cannot be better than this one. Best of luck Muze (aud/cad)
short AUDCAD now guys, pair is now following the 5th impulse wave . take your short positions till the provided targets thanks
looking for a retrace back up to the 50ema (red) and a retest of the 50 ema and trend line and a fail. Once it fails and begins to head back down to the lower trend line a sell position can be taken.
Market price is approaching a resistance level and momentum is reaching a resistance level as well. As long as market price stays below 1.007 and momentum stays below .004 area this is a safe trade. If momentum breaks above the resistance level I have in place the trade would no longer be safe and should be possibly closed as it could open up room for a bullish move.
SO MANY BREAKOUTS JUST APPROVING THE DOWNTREND HAS BEGUN SO I AM OPENING A SELL ORDER AND TP @0.95600 THAT IS AROUND 100 PIPS FREE FOR YOU GUYS BUT ALWAYS TRADE WITH CARE AND USE RISK MANAGMENT!
Down till the 0.9622 level which can hold as support for a potential reversal or keep heading down to 0.938.
Note: AUD/CAD is following what we predicted last week and 2 weeks ago. Overall, we are bearish on this pair. We are looking for the price correction/pullback to the resistance zone near 0.977 level and a bearish signal to short with the right risk. It will be a high R/R ratio trade :)
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
A week of decissions stays ahead this week (50th week`16) ... 1.03975 start of extended downside trendline (november`16) 1.00947 end of extended downside trendline (november`16) This could be an usefully long/short decission helper! 0.99394 1st high this month (december`16) 0.98427 1st low this month (december`16) 0.98439 1st test of this month...
Clear rejection at 50 indicated a strong donw trend that hit 200 EMA. Wait for a pull up to 23.60% Fib for a good short position.
The Price breaks the recent upward trendline. Bounce back from the resistance zone (1.035x), 2 crows appeared at resistance zone, and a strong bearish pin bar followed with few strong bearish trend bars A Risk to Reward of 1:3 great trade! Wait for any Pullback and short :)
ABC Pattern in AUDCAD is completed. Please trade carefully.