Price touched a good resistance and its a good oppurtunity to go short
Take Entry @ 1.00148 Take Profit @ 1.00904 Stop Loss @ 0.98637 Best of Luck !!
Hey guys, yesterday we took profit of our last AUDCAD trade that brought in more than 150 pips (see attachment). Now i changed my mind about this pair being the recent movements price has made. As you can see on the left hand side of your screen on the daily timeframe price is testing a daily structure level that acted as support. Being the case, we expect to see...
This week we have important data from AUD (interest rate decision) on Tuesday, followed by important data from CAD later that day. Forecast is a stronger AUD. First false move lower on unchanged interest rate decision, then move higher on CAD data. Alternative view: charts.mql5.com
AUD came out strong with Building Approvals m/m and Trade Balance. CAD is not releasing some game changing numbers today, so a little chance to make a bit more profit for the weak on this pair. Keep an eye on the round numbers. Also be ready to scale or go completely out at 1.00520.
looking for a retrace back up to the 50ema (red) and a retest of the 50 ema and trend line and a fail. Once it fails and begins to head back down to the lower trend line a sell position can be taken.
Market price is approaching a resistance level and momentum is reaching a resistance level as well. As long as market price stays below 1.007 and momentum stays below .004 area this is a safe trade. If momentum breaks above the resistance level I have in place the trade would no longer be safe and should be possibly closed as it could open up room for a bullish move.
Hey guys, this analysis may come too late, for this setup met my rules for entry at the previous close, but i want to share it anyway because maybe the price will come back to retest the entry zone. And there i will be waiting for my orders to be filled. Price is testing a daily resistance zone (blue box) and it's already OVERBOUGHT, that's when i start to look...
Hey guys, today i want to bring you a nice opportunity on AUDCAD. In the daily chart we are back at previous structure and price is struggling with breaking it. We have already put a long wick to the top and so we want to get short on this pair. On the 4HR you can see we have RSI divergence and we've put a large engulfing candle that could be the first sign of a...
long aud/cad until it reach 1.000 then wait until 1,01000 zone and short aud/cad perfect abcd pattern and possibility of an entry king at the short zone
Down till the 0.9622 level which can hold as support for a potential reversal or keep heading down to 0.938.
AUDCAD - Looking for Bottom, then Long Position Next Week. I like the CM_SlingShotSystem!!
There should be an opportunity here for a buy or sell depending on what happens with the price action. If price closes above the dark blue resistance line, I would expect price to go up to at least around the .97900 area. To take the safest trade, wait for a re-test of the resistance line (which would be support at a re-test). If price closes below the upward...
Note: AUD/CAD is following what we predicted last week and 2 weeks ago. Overall, we are bearish on this pair. We are looking for the price correction/pullback to the resistance zone near 0.977 level and a bearish signal to short with the right risk. It will be a high R/R ratio trade :)
AUDCAD is in a downtrend for a month and now is in the middle of the two years long range. This level acted as both resistance and support in the past. If it get broken then i am expecting a completion of an AB=CD pattern and a potential three drives pattern that will end at the 200 fib. extension where we also see the bottom of the range. Like if you agree,...
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
A week of decissions stays ahead this week (50th week`16) ... 1.03975 start of extended downside trendline (november`16) 1.00947 end of extended downside trendline (november`16) This could be an usefully long/short decission helper! 0.99394 1st high this month (december`16) 0.98427 1st low this month (december`16) 0.98439 1st test of this month...