Aud-cad
15 min analysis on AUDCAD The price is actually on a reset after a reversal
Now we have two possible scenarios
If we can stay above the 800 Ema, we should start looking for some long setups
If we don't get to stay there, do not look for short entries due to the bullish DV on the bottom of the RSI
Keep an eye on the TDI, at the moment is not allowing us to go long until the L50 swap zones
Strong Doji on Weekly Can Possibly Signal The Bull MoveAUDCAD looking like a buffet with that super-strong doji on the weekly. The strong bearish move was unphased last week and barely made a juke at all. It did a rejection at the daily and it looks to be forming a pullback on the 4hr.
The weekly shows a large rejection like the downward move has come to a screeching halt. But one way to know for sure is to see how the market plays out. Trade well this week. This may be the one I keep an eye on this week.
BULL TPS:
• 0.90314
• 0.90955
• 0.91256
BEAR TPS
• 0.89873
• 0.89467
• 0.89025
Trendline TradeWe have new trendline bounce which means we can continue
back up to the monthly SR level at 0.91362 to see if we can pass it.
The other possibility is this is just a pullback move for the short
and we will continue further south to the 0.89873 zone after
a break and retest of the trendline.
BULL TPS:
• 0.90697
• 0.90955
• 0.91256
New Tps will be posted when it breaks and retests SR zone.
BEAR TPS:
• 0.89956
• 0.89801
• 0.89477
New Tps will be posted when it breaks and restest area of 0.89372
AUDCAD - FOREX - 16. DECE. 2019Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Bearish price action towards our support zones.
4 HOUR
Strongly waving market structure with several pullbacks.
DAILY
Prices at range low, good long entries!
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FOREX SETUP
BUY AUDCAD
1ST ENTRY @ 0.90550
2ND ENTRY @ 0.90330
SL @ 0.89940
TP @ 0.91220
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN