Audcad4hr
AUDCAD - Short when retestPrice has formed a new downtrend and broke 0.9056 (support and resistance). Go short when it retest 0.9056 / 0.9080 area.
Target 1: 0.9850 (resistance level on several times since October 1998)
Target 2: 0.9776 (opening 2017 & uptrend area since May 2016)
*Price is also inside down channel in daily chart.
Go Long on AUDCAD Longterm Based on 1H, 4H + 1D ChartsSorry this is one I forgot to add in this morning, I've already entered on AUDCAD but there is an opportunity arising to jump in soon.
30M has completed a Bullish Golden Crossover (EMA50 Above EMA200) and we are seeing the 1H chart is now preparing to cross over.
Price broke out of the short term bearish downtrend above the trend line and heading towards first TP @ 1.01018.
Looks like price will pull back to a previous support and I'm hoping for a bounce from around 1.00668 making a good entry for anyone looking to jump in on this trade.
Have moved Stop Loss up to now 1.00094
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
Sneaky completion 240 Analysis AUDCADCypher completed under my nose in the first half of the last 60 minutes. Thank the market wizards for entry orders, lol. There could be a retest or even a break below with such a sporadic move. If you get involved remain aware of price action nearest term.
AUDCAD H&S AnalysisCAD bulls are still working to break below the neckline. A retest of the right shoulder is appropriate not necessary.
AUDCAD 4HR AnalysisThe H&S pattern formation appears to not want to break below the neckline even after the very dovish, more so concerned RBA releases its Interest Rate Decision and Statement. Fundamentally and technically this pair is a clear short. But as the market is hesitant, downside could be minimal.
