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Aussie

AUDCAD Short Trade OpportunityA 'sell' opportunity has just presented itself on the aussie-loonie trading chart. This is occasioned by the bearish harami candlestick pattern just below the 0.91276 horizontal resistance level, which signals a rejection of the same level and suggests a downward price movement. You can still enter this trade by setting your stop slightly above the aforementioned level and placing your target anywhere between your entry price and the 0.89092 horizontal support level (ensuring a reward-to-risk ratio of at least 3.00). Happy trading!
Short
by charles-okoukoni
1
Joe Gun2Head Trade - Fading short term gains on AUDCADTrade Idea: Fading short term gains on AUDCAD Reasoning: Rallied into downtrend resistance on the 60min chart Entry Level: 0.9017 Take Profit Level: 0.8883 Stop Loss: 0.9052 Risk/Reward: 3.75:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
RBA and China Are Bullish For Aussie- Elliott wavesAussie is trying to wake up as RBA started hiking rates while China is going out of lockdowns in June, so seems like wave C is already in place, unless this is still a higher degree leg A from the 0.7661 highs. Well, at this stage it's too early to confirm any new long-term bottom, but at least in the short-term we should be aware of more upside after recently broken trendline resistance in the first leg, so more upside can be coming after pullback. Support is at 0.7/0.7030 which can be also a base of a right shoulder on 4h chart. Also, HSI has made a nice turn up recently which can be positive for the Aussie.
Long
by ew-forecast