One more wave is missing for an WXY pattern completion. Price is testing a key level where we should watch for any buy setup that we probably give us the last wave of this double three pattern.
FX:AUDCAD Safe Trades; open.spotify.com
AUD/CAD is extending recovery from 6-month lows at 0.9453 hit post RBA surprise cut. The pair has cleared 61.8% Fib retrace of the Sept-Dec rally at 0.9539 and is currently trading at 0.9620 levels. Canada's trade deficit in March widened to a record C$3.41 billion ($2.69 billion) as exports sank for a second month, Statistics Canada said on Wednesday. Daily...
FX:AUDCAD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6%...
Hello Traders, The moves against CAD are going great thus far (reference GBPCAD and USDCAD in related ideas). Here is another high probability move to the upside. Since we hit 5' we are looking at a high probability target of 1.00261 at Geo's Off-Set rule. Best, Chartistry
Looking for a Flip-Flop of Support become Resistance or Demand becoming Supply on the big Daily/Weekly Levels.
AUDCAD is having some trouble with the bears. Nothing to worry about because being in a trend can give some very profitable opportunities. Like this one if it continues to move downward. We all don't know if it's gonna happen but we can get a high probability out of it. Having a flag pattern or a pendant formation gives you enough information that there's a...
Here on the AUDCAD we have what i see as a good opportunity to hop on what i am hoping to be a reversal or just a brief retracement from our bearish move on the higher time frame. I did alot of different analysis in order to get involved in this trade, so instead of typing it here i have decided to do a video tutorial on the analysis i did for the trade on my...
It looks like its consolidation day today, which mean´s pattern´s are forming. Here on the AUDCAD we got a Cypher formation at support turned resistance, we´ve got our stop above our resistance area, RSI is going overbought my PRZ are around 0,95853 Kind Regards Thomas Jeff
This is tied to the bigger timeframe short of AUDCAD
The first Tuesday of the month usually has the AUD rate call. There is some expectation of a rate cut on the AUD. However we see a good opportunity to long AUDCAD at around 0.95. In addition to being a round number there is a bat pattern at this level and also an M30 pattern as well.
Bearish trend started, diminishing RSI, many Fibonacci circle levels broken, next target 1.618 and 2.618. Green lines represent previous important structure levels. Red line represents support which became resistance. Particularly important point: 0.9568 (red, green, and fib 1.618 cross). Good luck!
AUD/CAD slump post dismal Australia's CPI data on Wednesday saw the pair break below strong 200-DMA support at 0.9692. Bearish bias in the pair has risen and momentum studies heavily tilted to the downside. Major moving averages are biased lower, RSI deeply in oversold zone and MACD points south. Downside finds next major support at 0.9434 (Nov 17th lows),...
Again, on the daily time frame we see a nice wedge forming here. It appears to me a bit to early for the breakout which is making me lean toward a long position. In addition the 200sma is acting as support to PA. Seems to be a high probability long play here. As always, risk management is crucial!!!
Potential Gartley pattern (red) and Bat pattern (yellow) forming up on the 4 hour chart in the AUDCAD market. I will update more information on the stops and targets, once the trade develops.
In this pair, there is a very long resistance, older than 2010 (pink line). This resistance was not break, the prices returned to the channel and now are testing the low boundary, after the "false break" of the upper boundary. Usually, i like to buy when touch the low border of the channel. But, now we have a very bearish red candle. I think the sell is the best...
we have a gartley and a bat on audcad. near D entry a support. we have already a divergence, and we are in oversold zone