Hi Traders, AUDCAD sell idea is explained in the picture. Good Luck
Hello Traders, Here is the Top-Down Analysis of AUDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Price tested monthly resistance and dropped for correction. It again returned backup to test monthly resistance facing rejection to the downside. W > After bullish impulse price had dropped till demand zone of same bullish...
Here the upward sloping channel is indicative of the relative and ever increasing deterioration of the Royal Bank of Canada's balance sheet relative that of the Royal Bank of Australia's. - A significant and still increasing fiscal power versus new debt issuance capacity, advantage RBA. This unlikely to change anytime soon - i.e. for years if not more. Naturally...
Entry Sell-Stop , 0.95450 Stop-Loss, 0.95750 Target R1, 0.95150 R2, 0.94850 R3, 0.94550 SL-30pips Risk1%
Entry Sell-Stop , 0.95450 Stop-Loss, 0.95750 Target R1, 0.95150 R2, 0.94850 R3, 0.94550 SL-30pips Risk1%
currently, we are seeing price still respected and playing inside a bullish trendline channel, personally, I will wait for the price react to the 0.9554 resistance level, we need a solid price rejection on the resistance level before placing any sell order. potential downside target at 0.9440 support level **Disclaimer** the content on this analysis is subject...
AUDCAD is on a downward trend and is capped by the fibbo resistance around 0.9410 and the downward trend line just below that. The asset remains responsive to risk off mood which we could see play out with the current volatility that lies ahead around the US election. We saw it test the 0.9347 fibbo support a few days ago and have since bounced. I remain a seller...
-The ideia here is to wait for a pullback into the 50% fib area in the 1h candle (around 0.93070). At that point, we can enter in a long position with at takeprofit at 0.9415 and SL 0.92795. -Since it will probabliy take a few hours, we can leave a buy limit around 0.93070 - For the more conservative people, you can wait for a confirmation candle. (Analysing...
Plan: resistance level breakout --> wait for the price to bounce off from support level --> 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...
Plan: resistance level breakout --> wait for the price to bounce off from support level --> 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 DAILY The price looks to be repeating a pattern just like it did back on May13 2019. Therefore im expecting for the price to continue its way down and touch the next zone. . . . El precio parece que esta forma el mismo patron que hizo el pasado 13 de Mayo 2019. Es por eso que espero que el precio continue su movimiento a la baja y llegue a tocar la próxima zona.
Hello Traders, Here is the Top-Down Analysis of AUDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Market reached resistance level that had pushed price way down last time, price is now moving down for correction. We can see W formation and expect drop to test the neck. Placing FIB on last monthly bullish impulse we can...
AUDCAD The price is currently on a channel on a daily chart and I consider that the price will respect the purple line and go back up again to touch the red dotted line near level 0.96263. . . . El precio esta de momento en un canal en la temporalidad diaria y considero que el precio respetara la zona morada punteada como un piso y volverá a subir para tocar la...