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 ...
There is potential Bullish Bat in AUDCAD completing at 0.9865. The area around 0.9860 has held multiple times as support. If the price action goes down to that level it will be a good opportunity to get long. Stop is below previous lows. Targets at 38.2 and 61.8.
A bearish cypher heading towards D completion.
SL above D and aiming for 2 targets. First at 38.2 of fibo C-D and second based on structure and bullish trendline.
Once we reach the green-marked zone below I will go bullish on this one with target 1.00500
I am expecting a bounce up here before it keep moving down.
Look for bearish evidence in the area, it is making a double bottom right now and some divergence on the RSI.
Like if you agree, follow and support please!
Hi Everyone, Thanks for the support!
Today AUDCAD has broken through a very strong resistance zone and looks like it's going to leg up higher on expectation of strong CPI numbers from Australia. This is a swing trade that I will be taking.
Entered to buy 1.0174/
Stoploss at 1.0077
target one at 1.0301
target two ...