here some we add add cad analysis waitt and watch
- Clear rejection of 61.8 Fibonacci level - Clear bearish MS, with lower highs and lower lows - Price consistently respecting dynamic support zone - 1:8RR, 2% risk
Good evening Fx Traders, hoping for a profitable week for all of you. CAD fundamentally is Bullish, Looking to go short on AUD/CAD after the reaction on the monthly resistance. ** You are not obliged in any way to follow this idea/analysis. This is just my interpretation based on my indicators. Follow me for more ideas/forecasts.
AUDCAD has shown great bearish momentum after a huge climb previously. After which, we managed to see a strong BEARISH retracement. Has the bearish strength come to a stop? No, personally, I will be eyeing 78.6% fib level where will be a minimal retracement. Definitely, if we managed to see a breakout of that level, BEARISH strength could be heading all the way...
Good Afternoon everyone, from today onwards im going to be posting daily updates on all our positions taken within forexinsightsuk. We haven't been very active recently due to certain set backs. But we/re back for good now. So a very quick update on this weeks trades placed..So our first trade this week has just hit TP1 and we manually closed TP2 to bank some...
Anticipating this setup for a sell. Price has broken support (now new resistance) and I am looking for rejection at that level.
Price has been trending downward with clear lower highs and lower lows since the end of February 2021. These are two possible scenarios that I see playing out. I could buy when price breaks resistance and confirms the buy by retesting that broken resistance (now new support). I could sell when price breaks support and confirms the sell by retesting that broken...
- Price respecting dynamic resistance - Clear rejection of 61.8 fibonacci level, indicating transfer of momentum to sell side - Clear bearish market structure with lower highs and lower lows, anticipating next impulsive move to the downside - 1:6 risk to reward ratio for this trade, 2% risk as always
Hey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! AUD/CAD: Daytrade-Preparation Market-Sell-Order: 0.96840 Stop-Loss: 0.97190 Point of Risk-Reduction: 0.96530 Take-Profit: 0.95910 Stop-Loss: 33 points (300 pips) Risk: 0,5% -1% Risk-Reward:...
Confluences: 1.Head and Should pattern formation on daily chart . (Not textbook style Head and Shoulders ) 2. Daily chart long term trendline breakout and close. 3. Price is trending lower with the formation of a new low. Entry: Too soon to enter at the moment even though setup looks really great, We will be waiting for the CAD interest rate decision today...
Looking to place a sell stop @ .96710 With a Stop loss @ .97525 (83 pips) & a Take Profit @ .95070 (164 pips)
This analysis was provided yesterday and played out nicely with 78 pips profit . This trade was with 1:3 RRR based on multiple time frame analysis and flag pattern 🙌
AUDCAD formed an ascending structure and then broke out and formed flag pattern , price is expected to break that pattern soon and we will enter the trade with sell stop with a few pips stop loss 🙌
AUDCAD Is starting to combat this bearish trend but I don't think its time for it to depart. Price may want to push down into the most recent imprinted low before trying to make an upside move.
Would prefer price to come back to my trendline to look for short opportunities.
Please view the chart for an explanation of my mark up prediction.
Hi Traders AUD/CAD Multi-Timeframe analysis (08/03/2021) H1 Chart (Strong Down) The market is approaching the resistance at 0.97252 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 0.98225 level. Support & Resistance 0.97016 0.97252 0.96877 0.98225 0.96641 0.98733 H4 Chart...