AUDCAD (1h) Short opportunity4 failed attempts on breaking to the upside. We now have a broken trendline to the downside. Targetting retest of 1.00000
Stop loss above the highs
Audshort
AUDCAD (1H) Bearish Gartley, or Bullish Bat?Time to get short!.. Or long!.. Or both.
We're currently in a previously tested channel with support/resistance both above and below. We see two pattern forming. Gartley (red) and bat (yellowish).
Orders are pending on both, lets see which gets filled!
AUDCAD - Short term short setupInside bearish triangle / pennant we find this opportunity to sell at the retest of the upper falling trendline. I place my take profit just above previous support and above 61.8 fibo of the leg.
AUDUSD SHORT: Fundamental and TechnicalFundamentally: growing monetary policy divergence between the Fed and RBA.
Technically: AUDUSD has broken the 2016 uptrend line.
A 38.2% correction from recent lows was to be expected, given the sheer pace of dollar strength.
The next leg is down to 0.70.
Perhaps the best trade going into 2017.
AUDUSD - Look to enter shortThis pair was put on our watchlist over the weekend and an entry oppurtunity is available. Double top has been formed at the 1.618 fib extensiion of previous ABC boundary, completing the ABCD corrective structure. The double top is also trading around the key level of 0.7500 which is paired with the 38.2 retracement level of the larger ABC boundary
GBPAUD POSSIBLE LONG?Pro's
- good reversal pattern.
- price sat at good support.
- recent break of downward trendline, now retesting.
- 0.5 Fib retracement level from previous swing low to high
Con's
- Trending against the trend
- Trading through EMA's including 50EMA on daily.
Thoughts? Please comment below
AUDNZD quick upside to resistance before resuming downtrendAUDNZD will make one more move to upside AB complete C wave is next, when this C wave is complete Wave 4(primary) will complete and thus WAVE 5 will begin. Wave 5 will mean continued downside
Subwave C - to 1.1150 Resistance level
When C subwave ends, Wave 5 begins
Entry: 1.150
TP: 1.0975
