anilmangal
Long

ANOTHER BIG MOVE ON AN AUSSIE PAIR AUDCAD

FX:AUDCAD   Australian Dollar/Canadian Dollar
1516 8 106
This is another Aussie pair that has a nice setup for a big move to come .

Check the previous post on AUDCHF             .

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Hi Anil,

Smart analysis, always enjoy reading your charts. I am glad my analysis is in line with yours.
however on the lower time frame.., the Elliot wave pattern shows that the downside move is still left with some steam.
A slightly different point of view.
snapshot
+2 Reply
anilmangal PRO VijaySanghishetty
Thanks for sharing
+3 Reply
agree
+1 Reply
https://www.tradingview.com/chart/YzwJRXeN/
+1 Reply
Hi Anil.
This pair on monthly made a double bottom, and subsequently went up. However it failed to take out the D extension. Will continue bearish for a while longer until its objective has been reached, Then go up.
+1 Reply
Nice setup. You are putting a good question if the down move is over?... I really hope that it isn't, since I would very much like to take the following trade (Cypher completion + AB=CD + fib confluence + structure level + RSI overbought) on the lower H4 time frame, before I go long based on that monthly pennant you identified in addition to a LTF long signal:
snapshot
+3 Reply
Agree
+1 Reply
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