Any correction, pullback or consolidation and I am in. This could be the start of a huge move. Lets see how it develops. If it takes off, we can study the wave personality and adjust accordingly. This is not a trade call, but just an opinion on the direction of the pair. My expectation is a huge move to the bottom structures.
FX:AUDCAD ABC correction with a double bottom, a neck to break, the price should find some resistance and start to pull back into the 61.8% retracement zone and there, the market should forge an entry. (bullish rsi divergence on oversold condition for instance) * However, find comfortable situations that allow us to enter the bullish momentum is where the focus...
Short betting that the resistance zone will hold. Tight stop and put on a trail as soon as we leave the zone towards profit.
This is another trading opportunity that has caught my attention. I am expecting this pair to drop lower once it completes the last upward leg and if it does not violate the psychological level of 1.02 which coincides with 88.6% Fib level will give us another opportunity to short this pair with an excellent risk to reward profile. However, both currencies are...
FX:AUDCAD Sell the 2618, buy the Bat... Let's see IF this top close below the first one, and IF this eventual 2618 setup become real... For that, we need the price to break the neck and to find support below it, then, we need one 61.8% retracement... ABCD basic pattern as first target... At the same time, a Bullish Bat that will be completed arround 0.9866$,...
FX:AUDCAD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Safe trades;
AUDCAD at a potential reversal zone.
This pair is most probably in a C wave of an ABC corrective structure which is carving out in a bearish Bat pattern. In the shown area, an Inverted AB=CD pattern also completes which adds to the selling pressure which might arise in that area. We expect that after a pullback within the 4th wave of the C wave of the final C wave, price will ultimately reach that...
FX:AUDCAD What to say ? Almost completed Bullish bat to buy when/if completed close to daily support D1, that will forge a point C for an eventual Bearish Bat targeting @0.955$, creating one eventual nice option to sell there, or eventualy, the weekly resistance W1. (test or break) At this moment, i have a short running below H4 broken support, targeting a...
This morning was such a blessing when I got over 3 trades all in the gap and nicely in the money. The AUDCAD pair began the week with a gap down which it has gone up to fill and is currently resuming it's bullish sentiment. Going long is not a bab choice here. You want to capture such opportunities as they happen. Follow me the forex god and I give these trades...
A distinct bearish Bat pattern has formed which calls for an end to this bullish correction. Breakdown of 0.9488 support will usher in the new ear of bearish power. Good luck, Ali Sharif Azadeh, CFTe
Now we have more evidence to support this expectation, but the price is too high, the 1060 is an acceptable price, ready to play. Suggestion: the above are for reference only, please careful consideration before use, welcome to discuss
Predict for price breakout. Buy above : 0.94930 Sell below : 0.94590
FX:AUDCAD I believe in a trend continuation, IF the price break resistance and ignore the Small Cypher pattern, i will keep search for LONG opportunities; Small cypher not yet completed (21 pips missing), stuck with previous support, now resistance, and the pressure it is almost tactile, furthermore, price action is printing lower highs and higher highs (check...
Anticipate for price breakout . Buy above : 0.93830 Sell below : 0.93490
FX:AUDCAD A closer look at this pair: 1. The 3h chart, forged supportH1 and price still above it; 2. This is the C point for an eventual Cypher Pattern that points to previous supportW1 (now resistance); 3. IF this patterns completes,a the first target is the supportD1 , and the second is the resistanceH4 , the 38.2% and 61.8% respectively; 4. The...