Overall, the pair had formed a symmetrical triangle and is currently trading within the triangle's range. Price bullishly broke the ichimoku cloud which suggests bullish momentum in the works. Around 0.98605 price might find some resistance based on the triangle's diagonal resistance, and then maintain some bearish power (pullback) up until around 0.96663. The...
If the smaller bear Gartley fails there is a larger bear bat setting up at better trade location and also in alignment with underlying downtrend
FX:AUDCAD Sell the Breakout, Buy the Bat Safe Trades;
FX:AUDCAD Safe Trades;
Bearish Gartley in alignment with underlying downtrend
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FX:AUDCAD Safe Trades;
Bearish trend continuation opportunity in underlying bearish trend: 1. Price testing previosly broken support zone 2. Fib retracement confluence 3. RSI overbought 4. Harmonic AB=CD pattern
I posted this late, so am already in profit but this is just the beginning we got lot more to go ! Trend line broken in 4hrs and daily time frame & it has already retraced, its ready to be bought. MACD crossing in daily time frame. perfect risk/reward ratio.
It´s been a slow week, market´s are still heavily trending, we had a trade on the NZDUSD yesterday a cypher at the resistance. Here today we got a trend continuation trade on this bearish trend with an advanced Cypher formation at the structure resistance. RSI is about to get over bought. Our PRZ level are 0,94670, stops above X structure resistance + the 0,94900...
So far news from AUD has helped establish a flip-flop of Support become Resistance. Looking now for price to retest daily and 60min demand below .9500
FX:AUDCAD Safe Trades; open.spotify.com