AUDCAD is currently hovering above 1st resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. If prices break through 1st resistance, a further drop is expected towards horizontal overlap support in lie with 50% Fibonacci retracement and 50% Fibonacci extension. If prices reverses from 1st resistance, prices might face resistance from...
Please look at the chart for explanation of mark up...
Waiting on a break of structure and a retest before going long x
CONFLUENCES: 1)overall trend (downtrend) 2)price and been testing the level of resistance , currently price reject and retest 3)area of value : support and resistance level 4)Entry trigger ( waiting for bearish candlestick pattern to form )
im going to go short with this pair, because this pair is on bearish trend and after i see bouncing from the resistance, i decided to enter position
Maybe it’s a little bit of impatience but I couldn’t resist that inverted hammer rejection. Hopefully take this for a few pips, although price is approaching a strong support so may not get all the way.
Price is approaching 1st resistance, in line with 50%, 61.8% Fibonacci retracement and horizontal pullback resistance, where we could potentially see a reversal and drop further towards 1st support, in line with 78.6% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support. Price is also holding below the Ichimoku cloud resistance,...
Am looking for Aud/Cad sell entry as it met my rules. 1) EHs 2) SR 3) BOS (Clean BOS no pullback between SR and BOS) 4) Entry on Open of last bull candle that causes SR.
AUDCAD seems Bullish because the Buyer is getting confused as the Ausi reach a recent high by consistently keeping its growth. Now it's time for making a decision and let in the market seller.
Price is facing bearish pressure as it continues to hold below the descending trendline and moving average resistances, in line with our bearish bias. We could potentially see a reversal at 1st resistance in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance, and further downside towards 1st support, in line with...
audcad formed a complex wxy elliot correction and seems bears still got a chance
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Welcome to our Trade Setups - May 23th ( AUDCAD ) ! SELL AUDCAD ENTRY LEVEL @ 0.93351 SL @ 0.94239 TP @ 0.91579 Max Risk: 1% - 3%! Risk/Reward Ratio: 2 Leave us a comment or like to keep our content for free and alive. Have a great week everyone!
AUDSD DAILY 1. Daily trend bias based on the 8/13 EMA is short 2. Last retracement zone at 0.5 qualifying for this to be identified as a wave 2 Daily timeframe 3.Economic news that may affect this trade is *Fed's Chair Powell speech on Wednesday 14/5/2021 and Australia's employment numbers on Thursday 15/4/2021 4. Extension zone 1.272 was hit Hourly Pattern is a...