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
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.
AUDCAD has been travelling in a descending channel and the most recent interaction with the channel was the top.Price hit the top of the channel ,came back down and has reached a major support zone.
Price will either break below the support zone, come back up to retest it. We could then see a large rally down, however if price makes a higher high and breaks above...
AUDCAD is at a major level right now, the area of support it is at has been tested and failed to break it multiple times. The overall bias of price action is downwards due to the descending trend line marked out in black.
Price is travelling in a descending channel marked out in blue, If price rejects the area of support its at now then we will be waiting for...
AUDCAD HAS BEEN TRAVELLING IN A VERY LARGE ASCENDING CHANNEL RECENTLY, IT HAS JUST RECENTLY BROKE OUT BELOW IT, WE ARE EXPECTING PRICE TO COME BACK UP TO RETEST THE CHANNEL AND THEN DROP TO THE -0.27 EXTENSION, SIMILAR TO THE OTHER AUD PAIRS....
(THE RETEST MAY NOT BE VISIBLE ON THE DAILY CHART)
AUDCAD was travelling within a descending channel on the Daily chart for a long time until price broke out to the upside and formed an ascending channel which is marked out with the black lines.
Price is now at the bottom of the channel and it has also formed a doji candle, this indicates a reversal in price to the top of the channel. We will keep you updated on...
AUD CAD HAS BEEN TRAVELLING IN A VERY MAJOR DESCENDING CHANNEL WHICH CAN BE SEENN MORE ON THE WEEKLY AND MONTHLY CHART. (BLUE CHANNEL)
The most recent test on this channel that we just seen was at the top of the channel, on its rally down towards the bottom of the channel price has formed another descending channel marked out in black.
All support and resistance...