AUDCAD bounced off 0.87723 where it could potentially rise further to 0.88421. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
The pair to me looks like its getting tightly squeezed into this type of falling wedge, can we see a correction to the medium top channel and maybe a break above towards the impulsive leg? The pair for me is still bearish and i will be watching it closely as their may be some kind of shift in momentum towards the upside and a continuation possibly for a little...
#AUDCAD touched an important resistance and the upper trendline of the bearish channel on Daily. Maybe, it's not enough to enter for a short but we can start to build our "cage" with low size. The strong bearish movement will probably begin from 0.9033 which is a previous high impulse (Jan 23rd). So we can suppose for a double trade: 1. Entry point: 0.9033 SL:...
BUY AUD/CAD Market execution Entry 1 0.88480 buy limit Entry 2 0.88380 Sl 0.88237 Tp.1 .88680 Tp.2 0.88980 Tp.3 0.89280
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, all requirements for a valid K2 Trading Strategy entry are present providing additional confirmation for my idea.
AUDCAD sell - looking for rejection around either the 61.8% or the 78.6% for it to roll over to the downside. Watch the region of the two purple boxes for a doji or spinning top formation on the 4hr time frame to take a short position. Take partial profits at the 0% -20% and finally the -61.8%. 180 PIP gain 5.5/1 RR
The outlined white arrow pathway is the predicted pathway that the AUDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where AUDCAD will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS...
AUDCAD is approaching support at 0.89182 where it could potentially rise further to 0.89518. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCAD expected to rise up to 1st resistance at 0.89709 where it could potentially react off and drop down to 1st support at 0.89377. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
0.895 could be a very good level for #AUDCAD to start a retracement that will end at 0.904. Then it will decide if going back to 0.914 or keeping the short breaking the trendline.
AUDCAD : wait for Bearish Bat
Price made an Impulse and then start to move within the channel . There is a fake breakout happened at the place I marked . Why is it a fake breakout ? Because after made a breakout of the trendline / channel price move back inside of it ! Currently price is reaching the bottom of the channel and High Liquidity area which I will be monitoring for potential long...
I believe price will be making a move downwards but awaiting confirmation. Price recently broke below the long-term trend line and now has a nice pullback up to the same trend line. My fibonacci levels are based on the downwards impulse move that broke the trend line. My two predictions are as follows: 1) Price will move below the 38.2 Fib level and break the...
Hey tradomaniacs, the previous breakout out of the rising-wedge and the pullback will give us a great opportunity to sell. I´m still waiting for the retracement and rejection before I go in. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)