AUD/CAD is extending its gradual grind higher, as the price action tries to complete a 'Cup' formation. Momentum studies are bullish. RSI strength seen at 64 and MACD is biased higher. Upside currently halts at 61.8% Fib of 1.0054 to 0.9324 fall, breakout could see the pair test parity. On completion of the 'Cup' we would wait for some downside before the next...
If the smaller bear Gartley fails there is a larger bear bat setting up at better trade location and also in alignment with underlying downtrend
So... Which one is it going to be? Long? Short? Both?
Short AUDCAD based on weekly setup. Target the Lower Low
AUD/CAD edges lower from 0.9671, intraday bias lower. The pair has broken minor trendline support and slipped below 20-SMA on the hourly charts. Technicals support downside, Stochs and RSI on hourly charts are biased lower, MACD has slipped below zero which shows further downside. Standard & Poor’s in its latest note published on Monday has warned of that they...
Head and shoulder had formed, breakout (Orange zone) and retested. Also the last e-wave 5.
Here in AUDCAD we have a pending bullish gartley with D point completion at a long term key level. That's our main setup for this market but there is one more we can trade, On it's way to complete wave CD, price is in a corrective structure and a potential breakout below this correction will give us a nice short term sell setup. Key level: On Monday 04 July i...
Weekly Fundamental Bias: AUD - Neutral CAD - Bearish Sentiment Analysis: Current market environment - Risk-Off Technical Analysis: Potential Bullish Gartley setup completing @ 0.9530 www.facebook.com www.youtube.com www.fxpresearch.com
I love locking the price between 2 or more advanced formations. On 1H, AUDCAD price is giving a potential Bullish Gartley Formation and a potential Bearish Gartley Formation.I love to see when market is in sideways moves because this is the birth place of all Advanced Patterns. Which one will be triggered first? Good Luck! I'm Alex and I'm a Professional...
After the cypher(blue) reached target, we got another advanced pattern setting up on AUDCAD 15M chart..Its a potential bullish gartley(red) with a very minimum risk..D completion will be at 0.9603..Stops must be below X point..Targets will be at 0.382 and 0.618 retracements from A point to reversal point..I've set my buy limit order at 0.9603..Good luck :)
Lower highs on the 1 Week Chart, shorting 2 half positions at 0.618 and 0.786!
Brexit > Stronger dollar > Cheaper commodities > Weaker AUD. Be sure to leave a comment or click the like button. Ethereal