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...
AUDCAD is currently running in profit zone and SL can now be trailed to entry level. I expect price to continue being bearish to at least 0.92601. Good luck trading.
Price is facing bearish pressure as it continues to hold below both descending trendline and Ichimoku cloud resistance, in line with our bearish bias. We could potentially see price reverse at 1st resistance, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback resistance, and further downside towards 1st support, in line...
My previous prediction of AUDCAD was correct. After reviewing the charts again and seeing price reach the previous low point in that area, I am now looking for price to reverse into a BUY once it breaks the green box. See attached link below for previous prediction of AUDCAD... I LOVE THE TECHINCAL APPROACH!
Great entry on AUDCAD, I am still expecting a nice drop to wave (5) of v. Good luck trading.
Not long to go until the markets open! here is a potential four hour short setup on AUDCAD for early in the week. We have two possible entries for you! First entry and the riskier one of the two is off the 50% fib level, ema and support now turned resistance, price could wick up into the 618 level before dropping! The second and safest entry would be a break...
The trend is clear, we can expect AUDCAD to continue its bearish move to complete wave v. Good luck trading.
Strong head and shoulders formed on AUDCAD. Be ready for it to return to its supply zone . Fibonacci levels will likely act as temporary retracements.
Audcad moving in down trend so we need to sell it after correction but if we find an descending correction or any channel then we need of bos to buy
Hi Traders, This is my view on this cross for the next few days. #AUDCAD is bearish till 0.83 area I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter...
Hi Traders, This is my view on this pair for the next few days. #AUDCAD SELL 0.9686 SL 0.9823 TP 0.8832 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to...
After breaking through the price channel and re-testing it by rejecting two brsh candles, and it was revealed that the pair will be trading at 0.92500 in the coming days.