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
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Plan : trendline breakout --> wait for prices to bounce off horizontal / trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
AUDCAD
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BLUE LINE = BEST ENTRY
RED LINE = STOP LOSS
GREEN LINE = TAKE PROFIT
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WIN or LOSS is your responsibility. I,am just sharing my trade idea. Thanks
AUDCAD bounced off 0.69972 where it could potentially rise further to 0.70822.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD
Currently this pair running at the major resistance level at 0.91200
From this level we may expect some short term fall back towards 0.90600 level.Which is 100EMA
This 100EMA will form as support level there we may execute buy orders
And the potential target will be 0.92160
Stop lose may placed at 0.90100
We've seen over the years how strong of a support level 0.91-0.915 has been in rejecting price and setting up long opportunities. It's been broken and has continually been touching this price point yet this time as a resistance, being unable to surpass it. I'm looking for price to extend a bit further towards 0.915 area before entering to setup the RSI which is...
AUDCAD is approaching its resistance at 0.67674 where it is could reverse down to its support at 0.67515.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD IS FACING AN UPWARD TREND, AND WE HAVE TO DANCE WITH THE TREND...WE ARE LOOKING FOR BIG UPWARD MOVE THIS WEEK AS EXPLAIN IN PICTURE
if you have any comment, kindly drop your idea
AUDCAD is expected to drop to 1st support at 0.89912 where it could potentially react off and up to 1st resistance at 0.90100.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD reversed off its resistance at 0.90435 where it could potentially drop further to 0.90118.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
- Thoughts: waiting for AUD/CAD to come up to the 0.786 fib for short entry
- T/P: next support level - 0.90100
- S/L: above previous resistance - 0.090733
- Risk/Reward: 2.54
GLHF
Disclaimer: I am not a financial adviser; trade at your own risk
ANALYSIS ON AUDCAD
Welcome to my analysis
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1HR CHart
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Interesting Point of interest In the AUDCAD pair.
- Price below 200 day EMA.
- look for buy signals.
- Expecting some more upward movement.
- Watch 0.90410 for take profit.
- MACD showing bullish divergence
Stay Tuned
