Hey guys, here we are on AUDCAD hourly chart. As you can see price has created 4/5 point of the Bat pattern. Now we're just waiting for its completion to come; the black line represents a previous level of daily structure, and that increases the chances we can get a reversal from there. Stops above X, targets as usual in harmonic patterns. If you have questions,...
Hey guys, here we are on AUDCAD hourly chart. As you can see price has created 4/5 point of the Bat pattern. Now we're just waiting for its completion to come; the black line represents a previous level of daily structure, and that increases the chances we can get a reversal from there. Stops above X, targets as usual in harmonic patterns. If you have questions,...
AUDCAD currently in an ascending channel I have identified a potential Bat Pattern with good FIB and FIB EXT confluence. We have AU RBA rates and many CAD related news coming up this week. Let's see how this play out.
Hi Guys, looking for another downside in corrective structure or complete break to downside
(1) H&S short (2) Break Support becomes resistance - short the pullback Watch out for CAD news tonight
Hey guys, today i want to show you the power of candlestick combined with structure. Here is the 4H chart on AUDCAD, and the price is coming back to retest the 618 level of the bigger daily impulse; this level also lines up with a structure (that you can see if you scroll the chart). With this two level i was able to draw a box where i can search for shorting...
Hey guys, today i want to show you the power of candlestick combined with structure. Here is the 4H chart on AUDCAD, and the price is coming back to retest the 618 level of the bigger daily impulse; this level also lines up with a structure (that you can see if you scroll the chart). With this two level i was able to draw a box where i can search for shorting...
Daily supply above, enter on sell stop below current zone
AUDCAD has created short term entrancement buying opportunity. Buy now until level of support and sell for long term.
The AUD has performed well over the last week but with price now reaching overbought and AUDCAD approaching double resistance, we may see a decline from these levels. Being a holiday, volumes will be down but this can lead to volatility. We are taking a small position and SHORTING this pair from 1.0094 with a STOP at 1.0140 above all the resistance.
Weekly Double Top leading to a break of the daily trend line and daily 49EMA.
Price has formed a pretty nice shoulder and head. Now waiting on price action confirmation for the second shoulder to form. This looks great to short. Another catalyst is the broken trendline, indicating a reversal of trend. Let's wait for London to open and see how this trade will do!