AUDCAD bearish divergence plus strong resistance from daily TF. let's see, where it takes us.. enjoy the profit. Chart is pretty self explanatory.
Please hit "LIKE" to support & follow for more ideas.
Vinny
Pair makes an incredible upward movement and is supported by the 0.9830 price level, so it will keep pegging upwards to go towards the end level at the 1.0050 level. Pegerakan quite promising because there is a line resitance and support lines side by side. If the price does not move down to the level of 0.9800 then this movement will continue.
A retrieval to the...
Hi, Traders
As I am considering a complex corrective structure .Audcad is moving towards B wave, see a pull back then take a buy position. it is long term opportunity to buy and will come down for wave C"
Note: This is mere a idea not a trading signal to trade. Trade carefully !
Thank you for your support !
AUDCAD is fast approaching major resistance at 0.9705 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9644 (Fibonacci retracement, horizontal pullback support).
Stochastic (89,5,3) is seeing major resistance at 91% where a corresponding...
On H4 and D1 chart AUDCAD is at its resistance level which is already rejected. We can aspect that from here it will fall down. Trade at your own risk.
Pending Short @ 0.9910
Stop Loss @ 0.9940
Target @ 0.9835
RR Ratio @ 2.5
Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Caution : AUD Employment Change & Unemployment Rate News after few hours.
