📊Analysis of the Australian dollar versus the Canadian dollar currency pair Elliott wave analysis style 4-hour and medium-term time frame Due to the formation of the corner pattern and the breaking of the upward trend line and maintaining the number 0.87740 as support, it can continue to climb towards the target of 0.88950.
Here's the sell trade I'm trying today. I'm entering because of the double top pattern and the recent close of a market maker buy model. I think the price will reverse and target the equal lows.
H1 - ReEntry M15 - CSM ((when candle close outside the Top/Below BB ))/Candle Close Above 50 EMA M5- wait for Reentry in MALO Note: * 1:3 RRR (10 sl, 30 tp) *TAYOR
Potential Gartley222 playing out which is an AB=CD at the 78% Fib retracement level. In this case with the trend. I am mindful of the 0.8800 level so will place an order there. I can miss the move as it is slightly above the 78% retracement, but prefer a smaller stop loss for a bigger potential reward.
AUDCAD Charts shows a Complex pattern in which it frequently changing trends after a small time interval. So it will be suggest to take two positions a small SHORT entry which will be hit in few hours or take LONG entry which will take more than 20 hours. Hope this helps you. Happy Trading
We are breaking a long run downdtrenline,we expect uptrend now.
My bias is to go short at the point where i drew the ellipse tool, you can see how the market tapped into the zone and reverse quickly, the next line of action for me is watching how price react at the zone when the price get back there
AUDCAD Bulls will strengthen after a break of this highlighted level.
As per my analysis AUDCAD is in strong bearish trend. 1: making LLs and LHs 2:Break of support 3:Fundamently AXY is in berish trend
Continuation of trend to daily/weekly M2 overlap. HTF downtrend continuation Bearish Engulfing Daily M3 entry
Trend continuation Entry at Fib retracement No divergence on RSI after the top
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AUDCAD broke and closed below the psychological level at 0.8800 which became resistance. The market is making low lows and lower closes in the descending channel, an indication of bear dominance. Price action is likely to move down from the fibo cluster. We expect a trend-continuation trade since we have a bearish trend and divergence at the border of the...
The market is currently forming a Daily Base. We could see the possiblity of buyers stepping in soon should the fib area hold. Let's see how this will play out. Feel free to share your views
Previously, The AUDCAD Formed a Bearish Double TOP Pattern. Currently, The Price Broke The Support Level (0.87950 - 0.87662). So, I Predict a Bearish Move. ------- TARGET: 0.86880🎯
It's time to sell AUDCAD. Please use 2% from your account for a trade. Enjoy !
The currency pair has recently came out of the bearish trend and first HL has been formed at 0.5 fib level. long positions may be looked for
AUD/CAD 15M - It looks as though potential longs on this pair could be something we could look to take part in shortly, we just need to wait for the right confirmation before we look to enter in on this market. I have gone ahead and marked out the BOS I would like to see before I look to place any positions on this pair. As we know a BOS of structure gives us the...