AUD/CAD - Daily Chart Analysis - Waiting a Breakout If the price broke the trend line with a breakout candle, enter LONG . Take profit 1: @0.99860 Stop loss @0.95160 If the price bounce on the trend line enter SHORT . Take profit1: 1st support @0.94500 Take profit2: 2nd support @0.93400 Stop loss: @0.9800 Have a nice trading! gg.
Overall, the pair had formed a symmetrical triangle and is currently trading within the triangle's range. Price bullishly broke the ichimoku cloud which suggests bullish momentum in the works. Around 0.98605 price might find some resistance based on the triangle's diagonal resistance, and then maintain some bearish power (pullback) up until around 0.96663. The...
FX:AUDCAD Descending channel and projection are both from a pattern recognition software from my broker. Later i will post an update with a video showing you the software. Cmc markets Safe Trades;
Buy FX:AUDCAD Previous Resistance Current Support Counter Trend Line Break Above Up Trend Line StochRSI Buy Zone Stop: 15 Pip Below .236 Retracement Target: 1.272 Fib Extension
Needs to break B point to activate fully. Notes on chart
Potential bat pattern. Back testing price patterns
BUY FX:AUDCAD Price Broke Down Trend Line Went up from Back Side of Trend Line Price is reversing, above up trend line Price Retraced from 50% Retracement of UP AB SWING
Still learning. Is this a Bullish valid Bat pattern? Thanks in regard!
FX:AUDCAD iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% to 50% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 BAT: Point B: 38.2% to 50% XA Point C: 38.2% to...
FX:AUDCAD Safe Trades;
I posted this late, so am already in profit but this is just the beginning we got lot more to go ! Trend line broken in 4hrs and daily time frame & it has already retraced, its ready to be bought. MACD crossing in daily time frame. perfect risk/reward ratio.
Here we have a Cypher setup with minor trend on the AUDCAD Entry at the PRZ level at 0,98767 Stop and TP is on the chart. RSI is about to go oversold. Remember setup is invalid if it retraces back up past the 0,1414 fib over night. Kind Regards Thomas Jeff