Aud-cad
AUD/CAD BULL TAKE OVER? SWING/POSITION OPPORTUNITY Price Action (Technical Analysis): For a a little over 1 week & 1/2 we have been allowing price to accumulate at a highly respected key level of support (Monthly).
Weekly bullish hammer was formed at support which indicates us high buyer sensitivity, we are expecting a continuation of buyer waves to enter.. We had price break it's consolidating market with a bullish impulse breaking above & we saw price gradually pull itself back to test structure setting us up to just await an entry confirmation (price action reversal pattern). Exiting reasons would ideally be at our high respected descending trend line. Further analysis will be made as price follows itself to our rally point.
Fundamental Analysis: None.
AUDCAD Long ideaThe sentiment is bullish due to the fact that the price has just broken out of a descending channel awaiting a likely retest.
The channel is within a descending triangle pattern, one of which might be a continuation or reversal pattern, telling us to either hold our positions when the target is reached or go short.
Good luck!
AUDCAD Potencial Bullish moveLeave a Like if you enjoy and follow for more!
Have a great week fellow traders
AUDCAD breakout...AUDCAD has been stuck inside a consolidation range of 24 pips for about 7 days now, now the price has closed above the zone at it's very possible we could see a high possibility of an upside break.
AUDCAD long opportunityAUDCAD bounced on a monthly support giving us a nice divergency on the daily RSI. The pair is currently consolidating but I'm expecting a breakout upwards due the bullish push prior to the consolidation. Targeting the 61.8 Fib level.
AUD/CAD LONGWe hit the resistance, now its pretty clear that we will hit the block i drew in, its an "doji" candle time zone, as I call it, at that time the market was indecisive, now as we hit equilibrium we can see that its now decisive, with an clear long position.
AUD CAD BUY (AUSTRALIAN DOLLAR - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
quick AUD/CAD long AUD/CAD is looking bearish right now, long it till the block i drew into the chart. After that we can expect a short until the support.
For now it looks like after the support is hit, it'll pump, but we gotta wait for confirmation in a few hours / days.
A trading opportunity to Buy in AUDCADMidterm forecast:
While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9610 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 0.9395 on 06/04/2019, so more losses to support(s) 0.9170 and minimum to Major Support (0.9105) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 32.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.9170 to 0.9105). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.9170)
Ending of entry zone (0.9105)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.9225
TP2= @ 0.9310
TP3= @ 0.9395
TP4= @ 0.9480
TP5= @ 0.9610
TP6= @ 0.9775
TP7= @ 0.9915
TP8= @ 1.0090
TP9= @ 1.0350
TP10= Free
A trading opportunity to Buy in AUDCADMidterm forecast:
While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9610 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 0.9395 on 06/04/2019, so more losses to support(s) 0.9170 and minimum to Major Support (0.9105) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 32.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.9170 to 0.9105). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.9170)
Ending of entry zone (0.9105)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.9225
TP2= @ 0.9310
TP3= @ 0.9395
TP4= @ 0.9480
TP5= @ 0.9610
TP6= @ 0.9775
TP7= @ 0.9915
TP8= @ 1.0090
TP9= @ 1.0350
TP10= Free
AUDCAD completing the double bottom? Leave a like if you enjoy the contente and follow for more hints into the market!
Cheers!
Bear Flag on Bear Flag, Reversed off .5 Fib, Possible AB=CDAUDCAD is presenting us with an opportunity to sell the breakout of a bear flag . We have multiple other signals that suggest further bearish movement:
1. Reversal off .5 fib retracement
2. Smaller broken and retested bearish flag inside of the larger channel.
Please comment, like, and follow me for more ideas!
