This is just short of the TP I set on this pair in my previous post but personally I have closed the trade, I think this is going to retrace soon as it is now overbought on 4HR and daily timeframes. It may still hit that TP but I prefer to secure the profit as a lot of AUD pairs are looking overbought. So now I will monitor this pair for a retrace to the support...
AUDCAD has run into resistance on the Monthly, Weekly, Daily and 4hr timeframes. We saw a strong rejection on January's monthly candle close and we're now seeing a retest on the 4hr supply. We have a potential to take a short from here and aim for lower lows.
Been monitoring this for a few days as it has been close to resistance. It has now risen to this resistance perfectly and if it breaks above we can enter longs. It may hold up just beneath this at first but you should keep an eye on this for a breakthrough. There is not a very clear resistance level for a TP but we can use the price of 1.00000 as this may be a...
Price has reached an area of resistance after breaking out of a rising wedge. We had an impulsive move away from this area and then we correctively consolidated, forming a double top. We then saw momentum to the upside, grabbing orders above the consolidation area, highlighting the manipulation and liquidity grab. We then rejected the 70.5% Fib retracement as the...
It broke out of range, failing at 0.618 fib level. I'm looking for a downside move from here.
preconditions: -global uptrend -local uptrend -mirror level -accumulation Push like if you think this is a useful idea! Thanks for your support!
Hi Traders AUD/CAD Signal (Daily Timeframe) A medium to high probability, entry to go LONG is forming @ 0.98993 after the market found support @ 0.97130.Only the downward break of 0.97130 would cancel this bullish scenario. Trade details: Entry: 0.98993 Stop loss: 0.97130 Take profit 1: 1.00092 Take profit 2: 1.01955 Take profit 3: 1.04992 Score: 9 Strategy:...
If not LONG, yet, buy it up right here!! This is a continuation LONG from the previous post;
AUDCAD, price action tells further above, long
Hi Traders, This is our view on this cross for the next few days. #AUDCAD SELL NOW SL 0.97740 TP 0.97220 We remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if the rules of our strategy are strictly respected. Eventually, any updates will be given in the comment section...
As salam alaikum Watch this zone more closely. 0.99 M,W,D rejection zone. Bearish Channel Formation. I'm expecting a breakdown till 0.92 atleast if and only if AUD gets weaker else It could break above 1.00 zone.
I believe this is still valid, we are having a small retest of resistance before it falls
AUDCAD Has shown sign of a future downtrend, with a clear 22 set up AKA 2 double top.
AUDCAD is still on a bullish weekly trend, so its possible that it might revisit previous high. The pair failed to break completely and form a bearish continuation, so if a new solid support forms a i will open a new Buy position for a 1:2 risk reward. I WILL OPEN POSITION ONLY AT THE RETEST OF 0.89220 KEY LEVEL.
It appears that the rally that began early Dec 2020 has found a reversal point as the appearance of a Double Top structure becomes visible. Tendency: Downtrend ( Bearish ) Structure: Reversal pattern (Double Top) | Breakdown | Supply & Demand Observation: i. DT: Bearish technical reversal pattern forms after the price reaches peak @ CA$0.99000 two...
AUDCAD, Shows some signs of Bullish Pennant! Watch out Friends!