price currently showing a strong rejection toward the down side , now waiting for price to break through the pervious support zone .
We see more than a few confluences for a SELL opportunity on AUDCAD. We drew a fib off the daily time frame and worked our way down using pivot points and seeing that the same area of 6.18 reversal (on the fib) is right along next month's SELL ZONE. Once market opens, wait for the double top to take a SELL.
Sell on AUDCAD, this pair has been rallying since January, reasonably, we should see a retracement along this current uptrend. Use low lt as this is a long term trade
AUDCAD is going short after re-testing broken trendline TP(1): 0.8910 TP(2): 0.88585 SL: 0.90560 if you find this idea useful please check the like button and comment Good luck
We'll enter a sell limit if price can push towards the top trendline.
hi guys . here i see a sell oppertuinity. cheers
Taking a long position on CAD before NFP Friday. Ideal entry just below 0.95, with a target of about 100 pips to the downside
COT Report says AUD is weak this weak while CAD is going long. Strong move upward since this morning expecting for a retest of 0.94700 wait for confirmation and sell. Potential 130pips+ trade.
Possible sell oppotunity on this pair. Wait for confirmation.
Here is a short trade I've been in since Friday. Entry was taken on the formation of the harmonic pattern. Entry was at 0.9580 with a broad stop set at 0.9740 Encouragingly it looks like a head and shoulders pattern is forming with RSI and MACD showing bearish divergence. Should the H + S complete, we would be looking at a minimum retracement to 0.9460 Cheers Andy
Re-entry , nice R/R Don't risk what you cant afford to lose. I am loaded so I can afford to lose a heap of Dosh. Good Luck
Market has reached a strong resistance area and formed a nice engulfing bearish candle below 50 EMA You can enter short now with stops above swing high
Hey guys, I hope you enjoyed your weekend! It looks like we are having a head and shoulders pattern on AUD/CAD on the H1 timeframe. I am looking for a small rebound and if I see any bearish evidence I will short, my target will be the neckline. I will detail the trade if I take it. Best Jesse
AUDCAD has formed a significant bearish engulfing candlestick at a very strong support level which has not been broken in years. SL set at -80 pips, TP set at previous lows.
AUDCAD shows a clear reversal on the daily chart. A Bollinger Band squeeze has set up a very strong Bollinger Band breakout on the 4H chart. RSI was recently overbought. TP set at fib retracement levels 61.8 + 100%. I have entered short upon 4H candle closing strongly through the lower Bollinger Band.