A bullish deep crab setup within the buy zone, the latest candle that you have seen on my LIVE data did not close below the low of the low price that touches Point D, hence it is still considered to be a long at the buy zone.
With the above definition, the market still is a trend trading opportunity. Yes, you hear me right, trend trading.
Hello and welcome to my Trade Idea of the currency pair AUD/CAD.
Lets start with the Top Down Analysis.
Monthly: Monthly is bearish.
Weekly: The weekly timeframe is in a very strong downtrend.
Daily: On the daily timeframe we see a little consolidation and the overall trend is bearish too.
H4: On the H4 timeframe we draw the pennant pattern and wait for...
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We are looking for an up move on AUDCAD, if you know how to trade that up move, go for it but if it goes down, ignore it.
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AUDCAD Rising Wedge Pattern
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Note: This is only for Educational Purpose this is not Investment advice.
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Pattern: 1W Channel Down.
Signal: (A) Bearish currently as long as the price remains within the pattern. (B) Bullish if the 0.382 Fibonacci retracement level (0.91632) breaks.
Target: (A) 0.88000 (B) 0.94000.
Price is in a downtrend making lower lows & highs. Price is forming a trend continuation pattern (Wedge), rejecting the supply zone above as well. A breakout to the downside price may look to resume the downtrend & set a new potential lower low.
Hello Traders, welcome to the Daily Forex technical analysis. Today is August 22nd, 2019 and we will be taking a look at the Australian Dollar against the Canadian Dollar. Looking at the 1 hour time frame we are looking for price action to hold at this current .897 support and resistance area. If price action can hold this support area we will be looking for an...
A bullish bat forms up at the buy zone as a countertrend trading opportunity.
With RSI Divergence it had just made it a great setup for the trade, however, after my buffer is added in, the Reward:Risk didn't achieve a 2:1 trade and is all due to the drop in market volatility.
Hence, another myth breaker that high volatility is bad for trading.