Potential Bullish ContinuationThe consolidation was a pain, but now it looks like at a potential double bottom is forming after the drop.
Wanna see how far we'll go up if that's the direction as a continuation, or if we'll get to the trendline below and break/support it.
BULL TPS:
• 0.90242
• 0.90955
• 0.91256
BEAR TPS:
• 0.89641
• 0.89467
• 0.89025
Aud-cad
AUDCAD - FOREX - 14. NOVE. 2019Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Bearish break towards the downside.
4 HOUR
Market at previous support zone and strong turn area.
DAILY
Bullish waving market structure with several pullbacks
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FOREX SETUP
BUY AUDCAD
1ST ENTRY @ 0.90310
2ND ENTRY @ 0.90100
SL @ 0.89730
TP @ 0.90950
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
Possible Retracement Then ContinuationWell, this pair was an interesting one. It kept going up and didn't stop until it all the BULL TPs last week.
So I am looking for a bit of a retracement some more and then another try at the monthly SR level to see if it can breakthrough.
BULL TPS:
Starting from 0.90314
• 0.90531
• 0.90950
• 0.91285
• 0.91494
• 0.92004
BEAR TPS:
From the current position
• 0.90626
• 0.90312
• 0.89966
• 0.89485 (this one is a long shot)
Aud Cad 2nd Daily RetestAud Cad just touched for a second time a flip zone which was already a point of a drop ...can we see a second reaction now...
depending on daily close i would consider a short position here..
Plan B in case of a clear upward break we look for retest of flip zone to get into a long ...
I prefere the short for now ..
have great Hallllloooweeeeennnn everybody ! keep it spooky ;-)
Don't miss the great buy opportunity in AUDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9021). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 81.
Take Profits:
TP1= @ 0.9134
TP2= @ 0.9226
TP3= @ 0.9315
SL= Break below S2
Don't miss the great buy opportunity in AUDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9021). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 81.
Take Profits:
TP1= @ 0.9134
TP2= @ 0.9226
TP3= @ 0.9315
SL= Break below S2
May Reverse Soon For The AUDTotal respect of the downward trajectory since last week. With AUD news coming in a few hours and again tomorrow, this short may last to the weekly SR at 0.88245 -- if it makes it there.
Will keep the bull tps in place for now. I'll just add a few tps for the reverse just in case the news is in AUD favor.
BULL TPS:
• 0.84372
• 0.89801
• 0.89956
• 0.90242
BEAR TPS:
• 0.88893
• 0.88352
AUDCAD buy signal op [70pips]CAD in last time is not have to much good ec results, strong bulish candle up trend formed, i expecting continuation, technicaly looks good
ENTRY: 0.90000
TP1: 0.90300
TP2: 0.90500
TP3: 0.90700
SL: 0.89690
Chart time frame - D
Time for reaching TP - 1 - 4 days
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Thanks on supporting!
All best!