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Audcadforecast

AUD/CAD - Potential SetupsAll my trades are done in cycles, I look to see what is about to happen based on the S&R. I am bullish up to the trading range above, and for the price to hit that bottom of the range, but I execute on micro time scales (4hr 1hr 30 etc) with macro S&R (2month, month, bi weekly, weekly) I wait for price to hit these key levels and wait for price action signals to confirm the potential move up or down. This way you can maximise movements instead of having a huge drawdown before you get into profit. I'd like to believe if we get strong enough price action or a high time frame bullish close, to take us to the top range. If we go bearish but as the black lines show these are what I believe the future playouts to be within this pair. over the next few days maybe weeks as this is a 4hr time frame. I don't post these to gain publicity I actually only post these to keep a journal of my trades, if they help you then thats brilliant.
by MANNI0812
AUDCAD SHORT BUY MOVEMENTPair makes an incredible upward movement and is supported by the 0.9830 price level, so it will keep pegging upwards to go towards the end level at the 1.0050 level. Pegerakan quite promising because there is a line resitance and support lines side by side. If the price does not move down to the level of 0.9800 then this movement will continue. A retrieval to the lower timeframe supports the move to the 1.0050 level so that a good enough level to take advantage is the 0.9990 level to get the first safe point. If the movement continues then the level of 1.0050 will be achieved.
Short
by fXVolume
AUDCAD approaching major resistance, watch for a potential drop!AUDCAD is fast approaching major resistance at 0.9705 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9644 (Fibonacci retracement, horizontal pullback support). Stochastic (89,5,3) is seeing major resistance at 91% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill