AUDCAD Price has been in consolidation against the Monthly and Weekly Resistance Trendlines. Today price broke south of resistance and Daily Trendline Support. This may continue to move south. However, it's also possible AUDCAD will see further consolidation.
Price on our Daily Chart bounced off Weekly Support. Since price is below the .382 Fibonacci we’re going to take a closer look at the 4 Hour Chart. On the 4 Hour Chart we’re going to look to go long since price broke our counter trendline.
I'm looking at an idea to trade AUDCAD on the 1 Chart to go short. Waiting for a Break
I like this break on Resistance for the EURGBP. If this break holds I plan to enter this trade.
Short CHFJPY with a bounce plus a counter trendline break at .786 Fibonacci Leve to target 1.27 Fibonacci Level
NZDCHF long position at Lower Bollinger with Bullish Engulfing Candle as confirmation.
I came across this through a video I was watching. I thought I would share it and see if anyone else had some thoughts on it.