Down till the 0.9622 level which can hold as support for a potential reversal or keep heading down to 0.938.
AUDCAD - Looking for Bottom, then Long Position Next Week. I like the CM_SlingShotSystem!!
There should be an opportunity here for a buy or sell depending on what happens with the price action. If price closes above the dark blue resistance line, I would expect price to go up to at least around the .97900 area. To take the safest trade, wait for a re-test of the resistance line (which would be support at a re-test). If price closes below the upward...
Note: AUD/CAD is following what we predicted last week and 2 weeks ago. Overall, we are bearish on this pair. We are looking for the price correction/pullback to the resistance zone near 0.977 level and a bearish signal to short with the right risk. It will be a high R/R ratio trade :)
AUDCAD is in a downtrend for a month and now is in the middle of the two years long range. This level acted as both resistance and support in the past. If it get broken then i am expecting a completion of an AB=CD pattern and a potential three drives pattern that will end at the 200 fib. extension where we also see the bottom of the range. Like if you agree,...
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
A week of decissions stays ahead this week (50th week`16) ... 1.03975 start of extended downside trendline (november`16) 1.00947 end of extended downside trendline (november`16) This could be an usefully long/short decission helper! 0.99394 1st high this month (december`16) 0.98427 1st low this month (december`16) 0.98439 1st test of this month...
The overall aspect of this structure looks like a megaphone. We could say, there is a horizontal bottom formation. The formation already touched two minor highs and two minor lows. The volume of the formation, which is almost a "U" shape supports the idea. 1) A premature pullback can happen to the level of 0.618 for a very short-term buy 2) If it breaks the...
Clear rejection at 50 indicated a strong donw trend that hit 200 EMA. Wait for a pull up to 23.60% Fib for a good short position.
HIGHER HIGHS AND HIGHER LOWS FORMING A RISING WEDGE ! PRINCE JUMPED BACK AFTER HITTING THE RESITANCE ZONE AND NOW IAM WAITING TO BREAK THE TREND LINE TO PUT A SELL ODER TP1@0.99700 TP2@0.98000 AND LONG TERM TP3@0.96000
The Price breaks the recent upward trendline. Bounce back from the resistance zone (1.035x), 2 crows appeared at resistance zone, and a strong bearish pin bar followed with few strong bearish trend bars A Risk to Reward of 1:3 great trade! Wait for any Pullback and short :)
ABC Pattern in AUDCAD is completed. Please trade carefully.
AUDCAD completed an AB=CD near the highs of 2014(See the link below for older post on this). For me this is a very good PRZ and gonna watch it closely next week. If you switch to 4H you will see the divergence more clear on the RSI. As always i'm putting both aggressive and conservative entry scenario. Like if you agree, follow and support please!
Hi traders, I want to point out to you a bat formation that is at market at a previous daily structure level, i usually don't like to trade against the trend but in some cases the major structure in higher timeframe allows me to trade this kind of setups. Notice that we are also near to a even handle number (1,0300). My levels are: Entry: at market Stop...
TAKE A POSITION SHORT @ 1.00600 AND IF IT BREAKS OUT IS GOING @ 0.98000
All the details in the chart :) Like if you agree, follow and support please :)
Looking for a short due to a confluence of numerous resistance lines and also the 61.8 level on the monthly chart.