now taking this with how price is moving and now showing some divergence on the macd. and coming to this bigger double top i will be looking for either a breakout from the first push down or wait for the next wave to happen this looks very strong for moving to the downside but that's to be seen as yet if price action changes then i will update this idea have a...
love setups like this so we can see how price is moving in structure and that's keys to understanding the next wave or phase, now the outer structure would been better sell but understanding this can go early when you see price moving like this 2 setups RE at the top or RRE wait for the pull back and the continuations pattern
some big moves coming very soon with a...
To start off the week, I'll be looking at AUDCAD, the only Aussie Dollar pair I'll be looking at just now.
Here we can see a break above then close below the resistance at 0.915 area (Monthly/Weekly) resistance.
I foresee a drop in the pair, so will be setting an SL above trend line and hopefully enjoying a fine downward slide on retest of...
Clear and Simple!
The price has broken a stong trendline started back in April '19 and currently facing a significant supply zone. The trend works now as support, let's wait for a re-test to enter this trade
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AUDCAD is dovish medium-term, however, any attempt for the pair to rally up to the bearish order candle will be faced with heavy bears...
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3rd touch on the bearish trend line which also coincides with the daily support/ resistance level (in this case resistance).
I am entering a sell position and hoping for price to reach the 0.88992 area
Hi, there is a very interesting situation on AUDCAD. We have a strong sales level of 0.9050. Now I believe that these can be false breakdowns, because breakdowns are weak. I am for a strong impulse to the level of 0.9050, after the rollback you can go short. Target 0.88. Have a nice day, everyone!
Caught sight of what could possibly be a butterfly harmonic price pattern. Price appears to be on final leg to complete pattern; would take a while to complete though. Worth the wait? Try to draw out pattern to confirm for personal confirmation. Best Wishes!!!