The Price breaks the recent upward trendline.
Bounce back from the resistance zone (1.035x), 2 crows appeared at resistance zone, and a strong bearish pin bar followed with few strong bearish trend bars
A Risk to Reward of 1:3 great trade!
Wait for any Pullback and short :)
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!
Hi 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...
This 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.
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Check recently posted ideas linked below :-
We 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 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 !
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.
