FX:AUDCAD Structure and eventual bearish harmonic pattern. Bearish SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD Safe trades;
FX:AUDCAD ABC correction with a double bottom, a neck to break, the price should find some resistance and start to pull back into the 61.8% retracement zone and there, the market should forge an entry. (bullish rsi divergence on oversold condition for instance) * However, find comfortable situations that allow us to enter the bullish momentum is where the focus...
Using only technical analysis, found some confluence between daily trendlines and a Fib retracement @ 61.80% on a daily chart. I believe that price may bounce on the middle trendline targeting the upper channel resistance trendline. Stop loss is placed on the Fib @ 50%. Will however be prepared for price to break the middle trendline, and in that case wait for the...
I had this currency pair on my watch list for this week after analysing the WEEKLY chart, and whilst looking through the DAILY time frame I spotted a potential long trade. I spotted a pattern I have just started to test out, you have 3 bars involved. In this instance we see a good pullback to previous structure, the first bar looks like a potential low test bar,...
FX:AUDCAD CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD Safe Trades;
FX:AUDCAD Overbought on previous resistance zone; SHARK: Point B: 61.8% X A Point C: 113% to 161% A B Point D: 161% to 224% B C 88.6% to 113% X C Target: 38.2% to 100% C D Safe Trades;
AUDCAD wants to test 0.99377 again; macd just crossed and a strong momentum push is in action.
IF=THEN lifestyle with FX:AUDCAD Below Monthly Support (MN1), expectations of a downward continuation move, eventualy forging a point C for a Bearish Shark around 0.87520, point C for a Bearish Cypher around 0.85654 or even further and completing a Bullish Bat pattern around 0.76322 giving us simultaneously a "new" Low since Feb09 and an eventual strong Buy...
WEEKLY ANALYSIS:- We have an Up-Trend in the Weekly chart, and we want to buy every pullback. We have now seen a Bullish engulfing Weekly candle at the structure 0.94102. This price point also corresponds to the ascending trend line support. We don't need much more invitation than this because the move to this point is actually discounting the initial move that...