Aussie interesting price action There is slightly irregular three soldiers formation on hourly chart. Weekly chart is revealing price range between the Aussie it trading for the last year( Range between 7170 and 7710)
Bottom line was tested twice while the upper part was tested multiple times. It is clear that every time price reached bottom part of it and than moved very quickly towards north. This price action suggest that buyers are in strong position here. Aussie found strong support in 7500 area. There are two outcomes I can see here :
1. The support at 7500 will stop losses and price will move towards 7640
2. The price will go thru this area with nice bearish candle and will go to test 7200 area for third time
Aussi
High win, low risk probability on AUDCADHello guys, this is my first idea on tradingview.com My first idea is for AUD/CAD
So, before you open any short position wait for next retracement on 4H timeframe. Bears has shown more strength in last two weeks so downtrend should continue at least to support at 0.99828
Audusd still decidinghere we have audusd. i am expecting prices to make some sort movement at the level its approaching. if we see prices break the resistance we could potentially see more uptrend. however on 4hr we see prices rising and we see a reaction at that level i will wait for the trend to break to go short.