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Audcadanalysis

AUDCAD Starting To Show BEARISH PressureAn update from my previous analysis. Previously, we are eyeing on a BEARISH movement from AUDCAD at the resistance level @ 0.9785 price level. However, we failed to see a nice rejection from that level where price moved to the next resistance level @0.9875. After which, we saw it rejecting off from this resistance level twice. Today's candle is interesting as we see price retesting 461.8% fib level. I am expecting tomorrow's candle to be a BEARISH candle where we can then expect BEARISH retracement to occur for this pair. Keep an eye on it. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
1
AUDCAD - buy after Preconditions: - key level; - accumulation; - wait for grown; You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
6
AUDCAD Facing Great BEARISH Pressure!!!After a movement to the 461.8% fib level, we start to see BULLISH candle weakening with longer wicks. With this movement it brings us to the next price level for AUDCAD which I strongly believe a BEARISH retracement will occur before further BULLISH movement. With that, tomorrow's candle must be a strong BEARISH candle engulfing this candle showing a fakeout from the resistance level @0.9785. As of now, I will be BEARISH for this pair as I do not see any form of BULLISH continuation for now. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
1
{UPDATE} AUDCAD BEARISH Pressure Building...Previously, AUDCAD did not go our way after a BULLISH close to our confirmation candle. As mentioned in my previous analysis, we were expecting a BEARISH movement to take place after the 361.8% level being reached. It went higher than expected testing the resistance level 0.9785 price level. Overall, I am expecting a BEARISH movement to take place soon. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
1
AUDCAD Falling From Here...We managed to see a 361.8% fib movement with a clean rejection and price is currently on a BEARISH momentum. I will be expecting a movement towards 1.618 fib level where there is also a support level @0.9606. I have identified this area as my demand zone. Looking at the daily candle, my confirmation candle has already triggered giving us a good short opportunity!!! Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex