As mentioned in previous ideas, AUDCAD has succeeded one Buy-zone and is in the process of gaining entry to a secondary Buy-zone. However! A major pull-back is due. "Typical Price-Action Sequence" is one example of anticipated pull-back-trade-setup. Remember to always follow updates on shared ideas Note: Idea is to complement your research. Check...
#100 sell range: 0.96411 Targets: 0.96221- 0.96031- 0.95841 Stop loss The first goal: the profit to loss ratio is 1: 1 (0.96601) If the first target is touched (close one third of trades) Stop Losses Second and Third Objectives: 0.96411(Entry Range) , If the second target is touched (close another third of trades) And if the third target is touched (close the deal)
A bearish cypher pattern has developed on the AUDCAD 15 minute chart.
Price is at the moment trading below a trendline that's due for test. Break of trendline to upside validates upside targets above trendline. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support channel for future content. Thank you and happy trading.
#AUDCAD touched an important resistance and the upper trendline of the bearish channel on Daily. Maybe, it's not enough to enter for a short but we can start to build our "cage" with low size. The strong bearish movement will probably begin from 0.9033 which is a previous high impulse (Jan 23rd). So we can suppose for a double trade: 1. Entry point: 0.9033 SL:...
See chart as this is a follow up to the long term speculation published earlier. See link below There will be further updates as price action is monitored.
If there is a break of the trend-line, we could see a retrace to 0.9260.
Order set at 0.93490 T1: 13 pips T2: 26 pips Risk 13 pips
Short order pending 0.94269 T1: 16 pips T2: 32 pips
Down till the 0.9622 level which can hold as support for a potential reversal or keep heading down to 0.938.
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron