- Price broke out of a weekly sell support and has been in a sell since February 2021. - Price recently broke out of my 4hr sell resistance but seems to be breaking back under that trend line to continue with it's sell momentum. - I'm waiting for price to break below the 1hr support zone I have highlighted and I am looking to take the sell after a retest of that...
Conforming to trend, resistance and MACD, we're looking for a short on the 4 hour chart
AUDCAD rebounded from major downtrendline Pair is based below key level at 0.9630 Below SMA 100 MACD shows start of bearish momentum RSI is below level 50 It's expected to target level 0.9450
In June last year, the price was able to break through the strong support level of 0.916 during the growth, after which it received a new impetus for growth and returned behind the support trendline of 0.943. This happened in July. After the breakout, the price fixed on the line and continued to grow. It worked out the correction near the resistance line of March...
Expecting more uptrend on the pair with a short trade with tp @ 0.96425,it will go more than that infact up to 130+pips or more
Back in October 2020, price started to bounce in the 200 MA. Recently, April 1, a price rejection happened and now price is above the 200MA again. I have also noticed that buy signal and rsi cross in October also showed up recently which are all buying signal for this strategy. I decided to test buy at the current level. And will continue adding if 1....
AUDCAD has formed a rising wedge and if it stays in range we have a great short opportunity @0.96400 with a 150 pips target. Good luck traders!
The Bulls are trying to break out from the long descending Channel. The trend is still below the 100SMA, can we have a bearish reversal or will this trend be broken? keep dem eyes open, If the trend is broken it will be riding the boat' toward the nearest Target. If the trade goes either ways, be ready to catch some few pips.
Buyers and sellers are too hesitant to take a drastic step. they are testing each other.
AUDCAD SHORT SCALP SELL NOW TP: 0.95666(19 pips) SL: 0.95954(9 pips)