AUDCAD Making falling wedge pattern.AUDCAD Forming falling wedge pattern in Daily Time frame
Wait for Break of falling wedge pattern then try to catch the move
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan
Audcadsetup
AUD/CAD Weekly Support AreaThe AUD/CAD just hit an area where in the past every single time price has completely reversed. I don't think I'll be looking for any long term buy trades because overall it looks like it might break through the bottom at some point which would be a great trade in itself but I think it still has some juice left and is going to rally up again for some quick pips. We can think about shorting it after that.
AUDCAD approaching resistance, look out for potential reversal!
AUDCAD is approaching its resistance at 0.92142 where it is could reverse down to its support at 0.91288.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD IS AT A MAJOR SUPPORT ZONEAUDCAD has been travelling in a descending channel and the most recent interaction with the channel was the top.Price hit the top of the channel ,came back down and has reached a major support zone.
Price will either break below the support zone, come back up to retest it. We could then see a large rally down, however if price makes a higher high and breaks above the channel we could see a very large rally upwards.
AUDCAD approaching resistance, look out for potential reversal!AUDCAD expected to rise up to 1st resistance at 0.92216 where it could potentially react off and drop down to 1st support at 0.91456.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD approaching resistance, look out for potential reversal!AUDCAD is approaching its resistance at 0.92279 where it is could reverse down to its support at 0.91625.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUD/CAD Short Idea (6/4/19)AUD/CAD Short Idea (6/4/19) 4HR Chart
- We have had 3 pins to the upside on the daily after the close, which shows signs of a reversal.
- Looking for the AUD news at 8:30pm CT to push price into the disturbance level creating another wick on the daily and then the reversal towards the fib extensions.
- Targets @ 0.94000 and 0.90400