As of now, I see a good resistance zone for AUDCAD as it moves to retest this broken support zone before it continues its BEARISH movement. Do keep a look out for this pair. 23.6 - 38.2 fib level gives us a good opportunity to sell this pair. I will see this pair moving back to its broken trend resistance. (Red Line) Looking at the other fib line i draw, you can...
The price has broken outside the ranging box and has come back up to re-test the broken zone. We can open a SELL position and aim for the south!
AUD/CAD price action is currently in the process of testing a double top formation neckline. The double top for price is more clearly seen on the daily timeframe but the peaks have been pointed out on the image above. The fact that the double top has been created on the daily fills us with confidence that, for now, price has found an upper limit and is on it's way...
This pair has been in a monster uptrend since late March of this year. Price finally peaked in the beginning of August as we touched the upper level three times without making a significant push higher. Today's open shows price making a pullback to the lower bound level at 0.9445. If price manages to hold below this level, we can target an excellent R-multiple as...
hey guys, this analysis was posted 19th september, since then we have enjoyed the bearish movement and profited! (currently 200+ pips in profit) RRR: 1:13
Pair name - AUDCAD Action - SELL/SHORT ENTRY - 0.9429 TP - 0.9310 SL - 0.9510 TRADE STATUS - OPEN
AUDCAD The price broke the level we had yesterday and I believe the price will go down and reach the purple dotted trend line. That line is a respected line on a daily and weekly time frame, therefore I believe It will go down and touch it. So let the price make the retest before taking any entries on the down side. . . . El precio rompio el nivel marcado que...
In 1H Time frame AUDCAD is trending within a range and currently is facing top of the range With multiple touch of 70 level of RSI and resisting at this level, As well as losing momentum, Price is consolidating within a 5M range and expected to broke the uptrend line I belive it's a good opportunity to go short after breaking the trand line GOOD LUCK TRADERS
0.618 Fibonacci level from 2012 Feb to today high Reversal showing upon hitting the downtrend from 2018 Stop Monthly close top of the trend line
Price has broken out of its daily trendline and is now going to retest Waiting for a true pullback before shorting this pair
The counter is currently trading around a strong resistance zone that triggered a sell-off previously. According to the wave, it has now completed the ABC correction for the down move it made. Further, the entire setup looks like a head and shoulder in the higher timeframes. Hence, we expect the pair to move down from here.