I would like to see a slight pullback to re-test the previous order block-level marked. The SL is protected by the daily ATR range and the TP is at a strong daily demand level. If we see price retrace slightly more I may consider setting a buy limit in hopes of getting a wick entry on this pair.
The only thing that could be potentially detrimental to this idea is...
Nice retracement on this pair, pulled back and hit the 618 fib.
Double top at that level, also RSI divergence on the double top.
Will take half the position off at a retest of the recent lows at .09400 level.
Then roll stops and take the rest off at 127 fib
Good Afternoon Traders👨🏿💻
AUDCAD Live Trade Update
I believe as a trader, its very important that I show transparency with my trading especially to new traders as we can get caught up on thinking that losing isn't part of this long term game.
I've been on a 15 trade win streak for the past 2 weeks until I took this opportunity yesterday at 10AM.
We are anticipating another sell from an AUD pair.. once price has broken this level we can sell all the way to the green area
Price has tested this level a few times and been rejected but i believe next week we will see a break and we can start a sell
AUDCAD - SELL
SL - 0.93810
TP - 0.91564
As we have witnessed a sizable pushup on this pair in recent week and the pair is consolidating at a major level and a flag pattern is appearing. This pair recently has broken the trendline as well. Even if it want to push higher up it needs to retest the trend line at a support level to gain more strength. On the daily timeframe there is every...
AUDCAD is caught in a flag formation and will probably zig-zag sideways for a while before it breaks free. There's considerable resistance above so I'm only looking for a SHORT trade where a move down to .890 200 sma on D1 and WS1 support looks likely. One to watch.