AUDCAD Sell setup & Possible wave formation.ABC Pattern in AUDCAD is completed. Please trade carefully.
Audcadsetup
AB=CD completion near a PRZ.AUDCAD completed an AB=CD near the highs of 2014(See the link below for older post on this). For me this is a very good PRZ and gonna watch it closely next week.
If you switch to 4H you will see the divergence more clear on the RSI. As always i'm putting both aggressive and conservative entry scenario.
Like if you agree, follow and support please!
AUDCAD countetrend Bat formationHi traders,
I want to point out to you a bat formation that is at market at a previous daily structure level, i usually don't like to trade against the trend but in some cases the major structure in higher timeframe allows me to trade this kind of setups.
Notice that we are also near to a even handle number (1,0300).
My levels are:
Entry: at market
Stop Loss: 1,0308s
Target1: 1,0222s
Target2: 1,0183s
AUDCAD RISING WEDGE BREAK OUT OPPORTUNITY 300 PIPSTAKE A POSITION SHORT @ 1.00600 AND IF IT BREAKS OUT IS GOING @ 0.98000
AUDCAD confluenceLooking for a short due to a confluence of numerous resistance lines and also the 61.8 level on the monthly chart.
AUDCAD Under RadarThis pair has been in an uptrend for a couple of days. Now that the candles closed below the 26 EMA, I see a possibility of reversal. At this moment, we watch the pair and the movements. When the right time comes, we barge in.
AUDCAD: PATTERN + RSI OVERBOUGHT = SELL /Great risk reward ratioYOUR LIKE MATTERS : Give it a like if this has helped you in any way , follow for more ideas and daily updates.
Check recently posted ideas linked below :-
AUDCAD @ support zone : Long Entry SetupWe have very simple trade setup here - after our rectangular range breakout,AUDCAD came downwards giving us around 70pips profit and now in support zone, so pullback to 1.0050's ? Lets see...won't we get another 50 pips in this move... Enter on valid confirmation as per your trade plan with proper stops
Happy Trading !
AUDCAD : Rectangular range formation - Breakout soon ?AUDCAD is ranging for past 24hours in hourly timeframe, so I expect a breakout out of this rectangle. We can enter the breakout direction once we have valid confirmation. Keep this AUDCAD in your radar and watch closely, enter on the breakout with stops.
Happy Trading !
Long it, best risk/reward ratio !I posted this late, so am already in profit but this is just the beginning we got lot more to go !
Trend line broken in 4hrs and daily time frame & it has already retraced, its ready to be bought.
MACD crossing in daily time frame.
perfect risk/reward ratio.
