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Audcadanalysis

RE : AUD CAD - Why i am looking for Sells?Weekly Perspective From the Monthly timeframe, Price has given us a Monthly W-Pattern and is very close to the Supply Zone on the weekly timeframe that broke structure on the left to the downside. While Price is on the way to the weekly supply zone , We are looking at getting into Sell positions as soon as our Entry requirements are met inside the Weekly Supply Zone and hold the position to the monthly Neckline Follow for more Updates
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by CharlesUgo-CordFx
AUD CAD - Why i am looking for Sells?#AUDCAD Analysis for the month from 6th March, 2022 From the Monthly timeframe, Price has given us a Monthly W-Pattern and is very close to the Supply Zone on the weekly timeframe that broke structure on the left to the downside. While Price is on the way to the weekly supply zone, We are looking at getting into Sell positions as soon as our Entry requirements are met inside the Weekly Supply Zone and hold the position to the monthly Neckline - Follow for more updates #forex #fxtrader #Cordfx
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by CharlesUgo-CordFx
AUDCAD SHORTS 📉📉📉📈 Expecting bullish price action on EURJPY as price takes out sell stop liquidity where a lot of retail stops where, also price takes out liquidith below the psychological area 128.000 and closed above with a high bullish momentum on H4, i see a retracement on the JPY INDEX meaning JPY should go down and EJ would go up. RSI/Stochastich Indicator are below 20 area meaning a reversal should occur because price is oversold from a mathematical standpoint. What do you think ?
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by AnonimFXRO
3
AUDCAD - A beautiful series of 1-3-5 patternsAUDCAD is producing a beautiful series of consecutive 1-3-5 patterns. All with lower highs and lower lows. 1st set in Orange 2nd in Purple 3rd in Green 4th in Blue heading toward completion. We are looking for a stunning reversal at the completion of Blue 5 (if price gets there). Right now market has a fib ext of 2 so we can expect some short term buying perhaps but if this price drops below the last low (blue 3) we can staring looking for the LONG.
by enzenator
AUDCAD | Perspective for the new weekThe scope of a very strong bearish momentum on the daily time frame and a reversal set-up (double top) within the major supply zone at C$0.92400 shares a confluence with the bearish trendline to signal a selling opportunity for us in the coming week(s). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Top) Observation: i. Despite a long term bearish momentum identified on the higher time frame, the last 30 days witnessed a consistent rise in the value of the Aussie over the Canadian dollar but the momentum appears to be thinning out and this can be identified on the chart as a double top structure. ii. Attempts made by buyers to break above C$0.924 was met with strong resistance during last week's trading session to insinuate that the bullish trendline may no longer be strong enough to hold price action above it. iii. It is worthy to note here that, the reversal set-up (double to pattern) awaits confirmation at the breakdown of key level @ C$0.91600 to incite the risk of a decline in price value in the coming week(s). iv. In this regard, I shall be waiting to take advantage of selling the Aussie anywhere below the key level @ C$0.916000... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:3 Potential Duration: 3 to 8days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
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by darcsherry