Price has broken a bullish channel what indicates a good oportunity to go short. Now price is overselled, we must expect some correction(pullback) . Then, we will have one support level to put one of our targets. If price brokes that level, we can expect another bearish movement.
Aud appraoched its 3rd retest of 1.03242 on a month time frame, On the day chart it has not broken its ascending channel, looking for a lower approach
Price is next to a resistance key level. Next week will be relevant to see how price reacts to that resistance. If stops, we project bearish movement till 1,000(Psychological level). Then, if price breaks that support level, pair could fall till 0.97 level.
I'm building a 'portfolio' position by shorting AUD across multiple crosses. This is one of them.
Keeping in line with my previous chart on AUDCAD price is still hovering around the 1.0080 level. Price did break above it today however has pulled back indicating some selling still. If you are interested you can take a short position here looking for a move down to the lower end of the range 0.9875
AUDCAD already test fib 0.61 resistance. Now after short cosolidation, we will see bearish direction to 0.96700 target.
i see 2 possible scenarios (similiar to last week) 1) price isnt able to break through the 1.0100 area and gets rejected ..i will look for a short position after a valid TL break to the downside 2) price is able to break the level to the upside and i will play it like last week...get in a trade after a strong momentum candle ..or after a pullback in the area...
HI PEOPLE. WE REACHED THE TOP OF THE MAIN WAVE CORRECTIVE STRUCTURE IN DAILY AND NOT IT IS DOING THE LAST BIG MOVE INSIDE OF IT. LOOKING AT THE H1 CHART WE SAW A GREAT OPPORTUNITY FOR A 110 PIP TRADE. JUST WAIT FOR THE SECOND CORRECTION TO BE FORMED UP AND THEN SELL THE BRAKE OUT MADE BY THE NEXT IMPULSE (THE LAST ARROW DRAWN WILL BE OUR TRADE) I AM WAITING FOR...
FX#AUD#CAD: Looking at the Major, i find good candidate for a medium term short sell position: I' starting a new short sell position on AUDCAD