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Audcadsetup

AUDCAD Will Hold a Brief Retracement and Continue the Trend1. This currency pair has formed a volume divergence and the price will have difficulty falling -------------------------------------------------- -------------------------------------------------- ---- 2. AUDCAD needs to once again go down to Fibonacci retracement at least at level 0.618 to fill up the power before finally going up again -------------------------------------------------- -------------------------------------------------- ---- 3. At the moment the pair is entering the consolidation phase to move higher, pay attention to the bottom before buying -------------------------------------------------- -------------------------------------------------- ---- 4. The specified Stop Out Zone level is l-0.3, which is at the price of 0.93950 -------------------------------------------------- -------------------------------------------------- ---- 5. For the target zone specified is Fibonacci level 1.618 which is at the price of at least 0.9460 -------------------------------------------------- -------------------------------------------------- ---- ############################## Recommendation: Signal Strength >>> $$$$ ############################## ----- This writing is purely for education and does not imply buying or selling ----
Short
by VolumeWaveFX
AUDCAD BEARISH CONTINUATION SETUPHi Traders, The AUDCAD has been carving a potential double ZigZag with flat X-wave after a strong five-wave bullish impulse. . The price seems to be making a bearish impulse which is most likely wave (c) of Y and could signal the resumption of the bullish trend after the completion. . Considering, that the price has broken the corrective structure (b) of Y, the price has the potential to move down towards the target of C as planned on the chart. . We will look to sell at market open and stop loss above high of wave ii (blue). . What's your thought about AUDCAD? Best of luck on the chart! Veejahbee.
Short
by Veejahbee
AUDCAD Potential Buy 100+ PipsGood Afternoon Traders, ForexFargo checking back in. Today, our analysis is a continue of our previous post regarding AUDCAD falling down. As price approaches our Support Level of 0.94500, I see an opportunity to buy this pair as it has been in Heavy Consolidation between support and resistance weekly levels. My resistance level is set for 0.95750. I am waiting for the market to give me a clear indication around the Support Level, so I am stalking this pair like a hawk and waiting for my entry positions. I have not placed the trade at the moment, HOWEVER, when there is confirmation in my direction I will set my trade as follows. Entry @ Support Level of 0.94500 Stop Loss @ 0.94300 Take Profit @ 0.95750 This is a 5:1 RR Ratio. As always please leave any feedback, positive or negative! GOOD TRADING! -ForexFargo
Long
by BearishBull617