Looking for a Flip-Flop of Support become Resistance or Demand becoming Supply on the big Daily/Weekly Levels.
AUDCAD is having some trouble with the bears. Nothing to worry about because being in a trend can give some very profitable opportunities. Like this one if it continues to move downward. We all don't know if it's gonna happen but we can get a high probability out of it. Having a flag pattern or a pendant formation gives you enough information that there's a...
Here on the AUDCAD we have what i see as a good opportunity to hop on what i am hoping to be a reversal or just a brief retracement from our bearish move on the higher time frame. I did alot of different analysis in order to get involved in this trade, so instead of typing it here i have decided to do a video tutorial on the analysis i did for the trade on my...
It looks like its consolidation day today, which mean´s pattern´s are forming. Here on the AUDCAD we got a Cypher formation at support turned resistance, we´ve got our stop above our resistance area, RSI is going overbought my PRZ are around 0,95853 Kind Regards Thomas Jeff
This is tied to the bigger timeframe short of AUDCAD
The first Tuesday of the month usually has the AUD rate call. There is some expectation of a rate cut on the AUD. However we see a good opportunity to long AUDCAD at around 0.95. In addition to being a round number there is a bat pattern at this level and also an M30 pattern as well.
Bearish trend started, diminishing RSI, many Fibonacci circle levels broken, next target 1.618 and 2.618. Green lines represent previous important structure levels. Red line represents support which became resistance. Particularly important point: 0.9568 (red, green, and fib 1.618 cross). Good luck!
AUD/CAD slump post dismal Australia's CPI data on Wednesday saw the pair break below strong 200-DMA support at 0.9692. Bearish bias in the pair has risen and momentum studies heavily tilted to the downside. Major moving averages are biased lower, RSI deeply in oversold zone and MACD points south. Downside finds next major support at 0.9434 (Nov 17th lows),...
Again, on the daily time frame we see a nice wedge forming here. It appears to me a bit to early for the breakout which is making me lean toward a long position. In addition the 200sma is acting as support to PA. Seems to be a high probability long play here. As always, risk management is crucial!!!
Potential Gartley pattern (red) and Bat pattern (yellow) forming up on the 4 hour chart in the AUDCAD market. I will update more information on the stops and targets, once the trade develops.
In this pair, there is a very long resistance, older than 2010 (pink line). This resistance was not break, the prices returned to the channel and now are testing the low boundary, after the "false break" of the upper boundary. Usually, i like to buy when touch the low border of the channel. But, now we have a very bearish red candle. I think the sell is the best...
we have a gartley and a bat on audcad. near D entry a support. we have already a divergence, and we are in oversold zone
Canadian Dollar Currency Strength: Very Strong (positive order flow)
#AUDCAD LONG 0.97792 TP 0.98250 SELL STOP 0.95792 #FXMademoiselle
hi I see a potential bullish gartley. unfortunately stop loss is more than 100 pips, so I will not do it near D point is a support zone, but also near X point is a big support zone. I'm afraid price can continue untill support under X
AUDCAD currently at the bottom band of its consolidation triangle, so we're looking at possible choppiness over the next few days here
The B point has retraced back to the 0.382 retracement of the X-A leg. C has reached below B and we are now waiting on a completion at the 0.786 of the X-C move. There is also a 1.618 level extension of the A-B leg at exactly the same area. Stops are placed above X. Target 1 is placed at the 0.382 retracement of the hypothetical C-D move and Target 2 is palced at...