Looking for a pullback to retest broken descending TL in confluence to the 0.5 fib retracement, previous area of S&R, and a respectable ascending TL. MA50 also indicating early momentum shifts to the upside.
This is an opportunity to re-enter for this pair, we have a clear breakout and retest of this structure and it has bounced off the trendline
The pair is forming a new trend channel and it is reaching the upper side of it. A down movement is expected. Take your profits, when the price reaches the other side of the channel. Please like and follow, if you find my ideas useful. Thank you for your support Good Luck and Good Trades
CAD - demand continues Yesterday I entered NZDCAD which is still hoovering around the entry price 1.) I was correct: I did enter a bit too soon which automatically creates the risk of SL due to pullback momentum 2.) As it played out I was wrong on AUD and USD demand, but the system saved us from entering USDCAD ..... AUDCAD short: 1) EMA crosses south...
Godal Member's, Traders and Aspiring Traders . Todays shared post is on . Pair : AUDCAD Time-Frame : 4H Biased : Bullish Outlook : As the chart / price action shows since 25th of February where the first ( I ) Impulse is allocated ( I ), price action has gone one to form a strong Bearish trend, till it got broken on the 6th of April, going on to make equal...
☑️AUD_CAD broke the falling resistance and the downtrend And has now retested the new support cluster I think the pair might retest this support again But will ultimately rise to retest the resistance again LONG↘️ ✅Like and subscribe to never miss a new idea!✅
AUD/CAD 4/12/21 - Mon - 11:21 PM Inverted head and shoulders (PR) Rejected on 000 level Rejected on support line (PR) Rejected on pivot point Rejected on 61% fib Divergence on 1hr Long term uptrend (+)\ Short term downtrend (-)