Note: AUD/CAD is following what we predict last week. Overall, we are bearish on this pair There are 2 plans for this trade: 1. Looking for the price correction/pullback to the support zone near 0.979 level and a bearish signal to short with right risk 2. Zoom into H4 or H1 chart to look for pullback to 20-EMA and short with little risk
A week of decissions stays ahead this week (50th week`16) ... 1.03975 start of extended downside trendline (november`16) 1.00947 end of extended downside trendline (november`16) This could be an usefully long/short decission helper! 0.99394 1st high this month (december`16) 0.98427 1st low this month (december`16) 0.98439 1st test of this month...
Note: Is is a TURN Setup or Reversal Trade The trend now turn to BEARISH There are 2 ways to short this pair 1. If the price break the support zone around 0.979x strongly, wait for pullback to the support zone and SHORT 2. If the price bounce back from support zone around 0.979x Wait it touch the 20-EMA and short when a bearish signal appeared...
CLEAR HEAD AND SHOULDERS FORMATION AND THE SECOND SHOULDER LOWER THAN THE FIRST ONE ! THE PRICE IS AT A STRONG SUPPORT ZONE WE WILL WAIT IF IT BREAKS TO ENTER THE SELL AND THE FINAL TP WILL BE @0.95000 SO A GOOD 270 OPPORTUNITY
Shorting based on : Broken ascending channel Major RSI divergence
HIGHER HIGHS AND HIGHER LOWS FORMING A RISING WEDGE ! PRINCE JUMPED BACK AFTER HITTING THE RESITANCE ZONE AND NOW IAM WAITING TO BREAK THE TREND LINE TO PUT A SELL ODER TP1@0.99700 TP2@0.98000 AND LONG TERM TP3@0.96000
The Price breaks the recent upward trendline. Bounce back from the resistance zone (1.035x), 2 crows appeared at resistance zone, and a strong bearish pin bar followed with few strong bearish trend bars A Risk to Reward of 1:3 great trade! Wait for any Pullback and short :)
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