AudCad is forming a classical bullish wedge on the daily time frame. Besides that its also about the bounce of the lower range. At this stage AudCad looks like a beautifull buy opportunity. When looking at other Cad pairs you can still see that the Cad is a weak currency. Judging by this setup AudCad will soon follow the other cad pairs. Take profit: 1.0289 >...
One pair I am looking at for this coming trading week is the AUDCAD. It has broken to the downside, retested, and I am looking for a target of 0.9964.
2017-05-07 Daily trend remains Bearish/Down. Recent retracement appears to have resumed down trend. RSI and Stoch are heading towards oversold. Price action still below SMA50. Price action has hit strong support zone. It may pull back bullish before continuing down or push through and head towards Fib Future D at 1.00041 or close. Recommend watching price action...
We've got a zigzag in wave ((ii)), so bears are likely going to deliver an impulse in wave ((iii)) in the coming weeks
I have been reentry sell position at 1.01982 and wanting to hold short until 0.99576 . after the market open hoping to gap down below because of the French Election this Sunday.
Structure, trend line, and a fibo 0.618 are all fighting together for me on this one. I will watch closely and keep trailing tight after passing 1.0 down at target two. For a more conservative approach you could wait for this 4h candle to close (20 mins left) or the MA crossover at hourly.
AUDCAD - BUY (by Ellalan) (E11) BY Ellalan
Short at yearly R1 1,02759 , first target is week pivot 1,0203 and then month pivot 1,0139. stop loss month R1 1,0352
Great Short possibility. Watch for a bounce from trendline and get in this SHORT
Looking to short this pair as it is in my sell zone now. We have had a fantastic few weeks of trading now! 3 of our past 4 trades have hit our take profit and 1 hit our stop loss which was at the entry point. RISK FREE Trade safe and good luck! Update on previous trades: AUDCAD - take profit reached