Simple analysis that explains itself here. we have uptrend happening here and are now looking for that continuation to the upside based on the current trend.
Weakness expected in the DXY this week hence why this should be a simple trade.
AUDCAD has approached this weekly resistance level and shown rejection multiple times, looking like a simple and clear trade. Over 1:3 risk to reward ratio. Drop your telegram names in the comments to be added to our free channel.
Price has approached this daily level and started showing rejection, overall price is in a heavy downtrend right now so I will be entering a small sell position. I am holding a free telegram channel so drop your username or message me to be added.
Price has approached weekly resistance and is rejecting, this is over a 1:4 risk/reward ratio. Clean and simple. Drop your telegram username in the comments to be added to a free group chat for 1 week's worth of free trades and analysis.
THIS CHART IS FOR A GUIDELINE FOR THE NEXT COMING MONTHS. I WILL BE LOOKING AT KEY FUNDAMENTALS OVER THE NEXT FEW MONTHS TO ALSO HELP MY JUDGEMENT FOR THIS PAIR. CURRENT GLOABL AFFAIRS I AM LOOKING AT ARE; US TRADE TALKS WITH CHINA, US TARIFS WITH MEXICO, WAR TENSIONS WITH IRAN. OIL SUPPLY AND THEIR I WILL BE LOOKING AT THE NEXT INTEREST RATE DECISION CURRENTLY...
Falling wedge trade with tp: 1.71499. I see a longer term trend on the hour chart which suggests the opportunity for the pair to fall even more, I will post this is the signals group.
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We are at a support level represented by the orange bar, once it has broken we should see a move down to S2 at 122.305 with further support at 122.145. Hence the short position is profitiable, be wary as the news may cause fluctuations.
We look to sell within the band of 1.34961 and 1.35159. We recently had a buy signal from 1.34139 so congratulations to our telegram followers who followed that, but we now look for a change to the opposite direction as RSI reaches 70 and resistance started to hit. Please wait until verified movement in the opposite direction.