After testing the demand zone, the price has rejected and wasn't able to form a fresh new low, indicating that upward momentum is coming. Confirmation after the news release from Canada tonight at 8:30 pm HK time we could confirm this buyers pressure over the AUD The order: Type: buy-stop S/L: 14 pips - R:R | 1:4 - T/P: previous high -- *** If you like the...
*ENG* - Price reaching our major supportive zone, we will be 1st looking for a possible reversal, giving us a long entry. - If price breaks, we will be looking for the retest in order to enter short. *PT* - Preço a atingir a nossa zona de suporte, primariamente estaremos à procura de uma possível entrada para long. - Caso o preço quebre, iremos aguardar pelo...
*ENG* - Price breaking and retesting our 38,2% level. - Performed a Morning star at the 1H timeframe, expecting an increase in price. *PT* - Preço a quebrar e a efetuar o retest da nossa zona dos 38,2%. - Obtivemos uma morning star no timeframe de 1H, dando assim ênfase a uma subida do preço.
Although price action idd clearly under a bearish bias, the price has bounced from a previous supply zone. It moves towards the descending trendline to end the pullback (a correction from a downtrend impulse). The current structure allows the setup for a countertrend position to capture the pullback. The order: Type: buy-limit S/L: 24 pips - R:R | 1:2.5 - T/P:...
Adding a new short entry to scale up the position, if the price can continue its downward movement, a sell stop entry will trigger the new order. Already scale-out part of the profit from original entry and stop loss level adjusted accordingly. The order: Type: sell-stop S/L: 35 pips - R:R | 1:4 - T/P: demand zone
Price has recently broken the neckline from the H&S, confirming the seller pressure over the AUD. It allows the setup of a short entry after the expected pullback to retest the neckline. The order: Type: sell-limit S/L: 32 pips - R:R | 1:6 - T/P: demand zone -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-)...
AUDCAD is consolidating for the last few days. However, the uptrend is still intact. The recent pullback is just a small correction in my opinion. I have already bought AUDCAD and will be buying again if it drops to 0.9550 level. TP for this trade would be 0.97 and SL will be placed below 0.95
AUDCAD The price has touch the ema 89 and im hoping for the price to respect the line as well and goes back up to touch level 0.96085 . . . . El precio toco la Ema 89 y al hacer eso espero que que respete tambien la linea de tendencia y vuelva a subir cerca del nivel 0.96085.
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currently, price playing inside a trendline channel and potentially forming top formation (H&S pattern), bearish divergence on MACD indicates as the first sign of reversal might occur if the buyer failed to break out the 0.9690 resistance level. **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the...
AUDUSD The price has come down the way we wanted to and right now Im hoping for the price to reach the green line near level 0.95305 and go back up again. What are you thoughts? . . . El precio hizo lo que estábamos esperando al bajar hasta la linea de tendencia negra y ahora espero que el precio llegue a tocar la linea verde cerca del nivel 0.95305 y vuelva a...
#AUD - Bearish Mode Recap: 1️⃣ Aussie down because of the rising COVID-19 cases in Australia,disappointing business confidence data and global risk sentiment moved towards negative. 2️⃣ U.S.-China tensions were once again a focus after China ordered the closure of a U.S. consulate in Chengdu and US Secretary of State Mike Pompeo urged China’s citizens to help...
The price is oscillating on a respected area from the past, im hoping for the price to go a little lower reaching the Ema 89 near the resistance line and then move up near level 0.96085. . . . . El precio esta oscilando en un area que ha respetado en el pasado, espero que el precio baje un poco mas, llegue a la linea de tendencia dibujada tocando la Ema 89 y...
Price action manages to break through the ascending trendline, with a retest of the broken line, and pass through the 200MA as the last line of defense for the coming bearish momentum. Now, expecting a pullback fro further downtrend continuation, a short entry is placed. The order: Type: sell-limit S/L: 15 pips - R:R | 1:2.5 - T/P: coming support level -- ***...
After the price reached the level I wanted to , 2 things can happened on this level, the price can either used it as a floor and continues it way up or use the level 0.96085 as a ceiling and come all the way down near the level 0.95305. . . . . . Despues de haber llegado al nivel esperado ayer, pueden pasar 2 cosas, el precio puede respetar esta zona como piso y...
we will start selling this pair once it will reach near sell zone guys if u like our idea support us we appreciate ur likes & comments follow us for more updates
Hello traders, this is the update on the AUDCAD trade that I forecast on Jul 20. Check the previous forecast below. Let me know if you guys have any questions. If you like my analysis please hit like and follow. Thanks.
This pair has been in a smooth but continue bullish trend, heading toward previous high from April 2019, it remains to show uptrend momentum. Today rally was supported by the pessimistic Core Retail Sales m/m from Canada putting a weakened Canadian dollar under additional sellers pressure. I expect a pullback to the confluence zone from the recent resistance...