FX:AUDCAD   Australian Dollar/Canadian Dollar
393 12 8
Price failed at 1.0050 resistance level today, was rejected to form a bearish shooting star . in addition to a potential bearish rising wedge in play. Another possible short here unless price decisively break above 1.0050 resistance

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NizarRahalii
2 years ago
agree , and follow you in twitter :)
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Technician TOP NizarRahalii
2 years ago
:) Thanks
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skmr
2 years ago
This could be the point of reversal for this pair, 995x may give short term support but doubtful as 4hr bearish divergence may come into play. Tuesday we have news release for AUD.
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Aqua-Life
2 years ago
at 1.0031 there was a bearsih gartley completion also. X at 1.0047 on the 10-28-13.
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Zeheart
2 years ago
Agree with your analysis.. =) Good Pips to you!

snapshot
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nihal.bhat.7
2 years ago
yep all CAD pairs appear to have the same setup and divergence. lets see how it plays out. Bear in mind CAD pairs are in long term uptrends so we may not get a big rejection.
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nihal.bhat.7 nihal.bhat.7
2 years ago
except AUDCAD(downtrend due to AUD weak). maybe thats why u chose it for a potential short?. EURCAD GBPCAD USDCAD the one in uptrends i meant.
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Zeheart nihal.bhat.7
2 years ago
Hi, I do agree that most of CAD are in uptrending, therefore I also dun expect huge down move for the time being.. we shall see how it goes to determine further.. =)
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nihal.bhat.7 Zeheart
2 years ago
agreed, may not be much pippage in the move. lets see what market does.
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Zeheart nihal.bhat.7
2 years ago
but a small move in daily tf.. could yield quite some pips too.. =) Happy pippings =)
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nihal.bhat.7 Zeheart
2 years ago
thats true not much about pippage on these, its all about % move.
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Good luck to everyone
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