Im searching for more confirmations here, I see the bearish gartley here, you either ride the D leg up with the buy or you wait to sell when that D hits(no pun intended). But Im really looking for more confirmations for this pair.
AUDCAD bearish divergence plus strong resistance from daily TF. let's see, where it takes us.. enjoy the profit. Chart is pretty self explanatory.
Please hit "LIKE" to support & follow for more ideas.
Vinny
The Academy Traders: AudCad broke the ascending trend line with a clear ABC. It is also a rejection of the monthly resistance. expecting to be hit the -27 of the fib and even lower.
Pair makes an incredible upward movement and is supported by the 0.9830 price level, so it will keep pegging upwards to go towards the end level at the 1.0050 level. Pegerakan quite promising because there is a line resitance and support lines side by side. If the price does not move down to the level of 0.9800 then this movement will continue.
A retrieval to the ...
Hi, Traders
As I am considering a complex corrective structure .Audcad is moving towards B wave, see a pull back then take a buy position. it is long term opportunity to buy and will come down for wave C"
Note: This is mere a idea not a trading signal to trade. Trade carefully !
Thank you for your support !
AUDCAD is fast approaching major resistance at 0.9705 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9644 (Fibonacci retracement, horizontal pullback support).
Stochastic (89,5,3) is seeing major resistance at 91% where a corresponding ...
Hello, here we go Again.
Ill wait for the conformation on the dailey chart, and take the trade for 0.786 strategy.
We just broke over the "old HH" afther that, we will wait for the 0.786 retracement, from the HL- HH
Targets:
1.02332. "a few pips from the previous HH"
Stop loss:
0.99900. under the previous HL.
let's wait for the retracement and see.
RSI:
60 ...
Pending Short @ 0.9910
Stop Loss @ 0.9940
Target @ 0.9835
RR Ratio @ 2.5
Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Caution : AUD Employment Change & Unemployment Rate News after few hours.
Forex cross pair AUDCAD is rallying and creating new weekly and daily demand zones. Longs could happen lower around 0.98 and also if new daily demand zones are created down there. Long bias on AUDCAD
AUDCAD is now back to pullback support where it previously broke out from. A possible bounce could occur at this level above major support at 0.9782 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a rise towards 0.9876 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (55,5,3) is making a similar pullback ...
AUDCAD has finally surpassed its descending resistance-turned-support line triggering a potential bullish move from here. Our main area of support remains at 0.9782 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could push price up possibly to 0.9876 resistance (Fibonacci extension, horizontal swing high ...
