Audcadsell
AUDCAD DAILY ANALYSIS AUDCAD DAILY - price has been moving in a large descending channel marked out in blue. Price hit the top of the channel and on its way down it has formed another descending channel marked out in black.Zones have been marked out for you, have fun trading, CREATE A PLAN AND TRADE THE PLAN
We could see a move down to the pink highlighted rectangle if price stays within the descending black channel, if price breaks out of the black descending, we will see a move back up to the top of the blue descending channel, and most likely break out upwards out of the blue channel, however we will wait for the BREAKOUT AND RETEST BEFORE PLACING ANY LONG TERM BUYS!
The best time to get into the currency #AUDCADIf we learn from our graph history, then surely we will open a sell position! The reason for this is simple - every time the audcad touches the moving average 200 it falls and each time it also falls more than the previous time, while these lines are being written, we touch the moving average 200 So our recommendation is to sell.
Sell AUD/CAD:
Entry Price: 0.9443
Stop loss:0.9460
Take Profit: 0.9316
AUDCAD - GOOD TRADE SETUP, WATCH OUTTRY NOT TO MISS THIS ONE
LOOKING GOOD. I AM EXPECTING THE BEARS TO TAKE OVER. MACD, IS SETTING UP A NICE CONFLUENCE ALSO, AND BREAKING THE TREND LINE WOULD MORE THAN NOT DROP DOWN
See previous analysis
PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
AUDCAD Big Short aheadAUDCAD broke out last week, current price action seems to be forming a higher low to then start of fresh falls, since overall momentum is quite weak on this market when looking across bigger picture. Keep watching this market for a possible shorts ahead.
Trade Safe!
Thanks for your support.
AUDCAD - 100 Pips Short PossibilityAUDCAD. AUD has not fallen against CAD while it has fallen against other currencies.
It is currently weak. We can expect a short sell 100 more pips if the 0.97 level stays unbroken.
*Let the 4H candle close and if it closes with a tick at least half the size of its body then we're good for a sell.
Happy trading.