Cad is strengthening...
This pair has just broken its resistance and I am seeing my downside to the bottom support zone.
It is understood that once a support has been broken, it will turn into a resistance.
Looking to take a short trade should price revisit 1.005 for a Low risk entry short.
Hi guys,
with a new week ahead i want to share with you this interesting situation on AUDCAD. On the daily chart we are now testing a key structure level: as we approach that level i go on lower timeframes in order to catch an additional confirmation of the upward reaction move.
As you can see on the chart i found different clues supporting my view.
At first,...
Hi guys,
with a new week ahead i want to share with you this interesting situation on AUDCAD. On the daily chart we are now testing a key structure level: as we approach that level i go on lower timeframes in order to catch an additional confirmation of the upward reaction move.
As you can see on the chart i found different clues supporting my view.
At first,...
Hello traders,
AUDCAD is in big correction, expecting corrective wave (C) to break (A) low.
For now, I will watch if wave e complete at 78.60% fib of the previous impulse and drop.If we break down the trendline I will sell.
Trade with discipline.
The support line has been tested 3 times and the RSI is indicating that this pair is oversold , You can clearly see that whenever the RSI hits those levels of oversold it shot up. I will set this pair for a buy and will hold unto this till around the 1.01600/1.06700 levels.
P:S Fundamentals is also saying that there is a lucrative deal occurring for...
Price has formed a pretty nice shoulder and head. Now waiting on price action confirmation for the second shoulder to form. This looks great to short.
Another catalyst is the broken trendline, indicating a reversal of trend.
Let's wait for London to open and see how this trade will do!
Audcad Giving Good selling zone as holding Strong resistance above 1.0200 level and also formed head & Shoulder pattern
Advice to sell in range of 1.0130-.1.0200 sl above 1.0250 TP1 1.000 tp2 0.9800
I've been waiting for this setup to unfold for a while now (I was already eyeing the setup in my weekly outlook 2 weeks ago). For the past months, we could see a couple of beautiful swings on the daily for AUDCAD. The price has now reached the previous swing high, which was a strong reaction point last time.
As is often the case for a reversal, we can see a...
Hi everyone. Posted this chart before, but now a perfect sell-setup has formed.
Price has broken out of the big ascending trendline and formed a bigger flag. Now a smaller flag has formed on the breakout of the 'bigger' flag.
You can sell the breakout of the trendline . First target is 1.00500.
Trade with care.
