Australian Dollar/Canadian Dollar AUDCAD

After watching the market push up during yesterdays AUD news, RSI went extremely over bought up at 97 The market then put in a nice Double Top right at that major 9700 even handle. On the retest we saw some nice bearish divergence on the RSI so I got involved as soon as we had the valid retest signal. Stops and targets as per the short position indicator.

Firstly, the Ichimoku Cloud indicator shows how the pair as in a strong downtrend as the cloud is both red and is wide. Secondly, the price is about to hit a well respected trend line where it was only broken once and after checking I realised on that day it could have been due to news as there was a lot of high impact news. A Fibonacci I drew from the previous ...

Clear trend line break... It also has all of the supporting elements of RSI line break, MACD line break and divergence on both. Price has been rejected, shown in the form of a pin bar.

The Aussie has been on a downtrend for a while now and it looks like it is going to resume. If it can break below the blue line we can target the previous low.

AUDCAD is very close to the support line and the longbuylongsell indicator and profit Maximizer indicator shows in 5min 15min 30min the upmove is likely after it touches the support .it will bounce back from here. Background color is still red so it has to become green to confirm the buy entry. Related scripts here below in "Related ideas section"

Since July this year AUD/CAD is in an downtrend channel. Likely, it will touch 0.93 and go down to around 0.90-0.905. AUD had some up movement because of lower oil price. (CAD red line at currency indicator, AUD green line)

Micro head and shoulders patterned formed and a retest of TL.

This is the same trade as the sell limit posted earlier this week, now is a good time to enter for a good reward to risk of 4:1. - For example= risk £20 to make £80

Trends are not easy to spot when they're developing. I'm sure I looked at AUDCAD many times across several time frames in last 80 days. Now I'm seeing the trend on 12H better, having missed the boat several times! Jeeez this is so annoying! I suspect that several times I must have thought, "Nah.. it's about to reverse soon." - and just ignored it very swiftly. ...

Fundamental are pointing towards AUD strength for coming few months Estimated time to hit TP - 12 weeks Estimated time to hit SL -2 weeks RR 1:2.84 Entry-0.09314 SL-0.92664 TP- 0.97052

AUDCAD possible short if break of wedge to the downside

38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS

38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS

Hi, guys following the strong bearish momentum recently seen in AUDCAD, we have since seen prices rally down into new structure lows of $9275's. What I am now looking for is a pullback to the upside into previous levels of structure within the region of .9343 - .9397's to get short on the market, in anticipation for one final retest of the of the most recent lows ...

AUDCAD - 4H, Bullish Harmonic Pattern

AUD is looking like it will gain strength, CAD news shook the market but I believe it will continue to weaken. Keep an eye on price action if you are taking this trade.

38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS

AUDCAD - 4H, Potential Bearish Harmonic Pattern