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Aussiecad

Joe Gun2Head Trade - Fading the correction in AUDCADTrade Idea: Selling AUDCAD Reasoning: Move higher stalling? Entry Level: 0.8914 Take Profit Level: 0.8848 Stop Loss: 0.8930 Risk/Reward: 4.39:1 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
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
Big tings a gwan for DXY, A/U, A/C, XAU, BTC, ETH, TotalMC!To summarise DXY failed to make higher highs and then had one last attempt and rejected off key levels on the monthly time frames, creating a failed higher high. It looks like it is wanting to continue its long term channel structure. But we have to be vigilant to the downside as it could still make a higher low and push higher and break out. We will watch for the 92 level. A/U Made a higher low on the macro time frames, this could be the start of a new long term up trend and this previous downtrend we were in, being a correction to the new uptrend. We need to break 0.78250 for confirmation of new macro up trend and can trade up to this in the mean time. Monthly looks bullish A/C Potential new higher low on the macro time frame! We have been making higher lows. I am looking for a retest of the 61.80 on the lower time frames, thats creates a higher low to take longs. Up side targets are plentyful. Something like this on the shorter frames. Uptrend confirmed once we break these levels XAU Potentially in a bullflag that should break to make ATHs. This correlates with the DXY being bearish. BTC Technically we are still in a uptrend and have made higher lows. We have reacted off the 61.80 but need to break the 61.80 on the upside and make new highs to continue the bull market. Will be observing the 60k region. If we fail to make higher highs I am out of the crypto market. ETH Same again but with stronger buying pressure. We are still within an uptrend until we fail to make higher highs. Total Market Cap same as above but with less sales pressure. Fundamentally, the increase of price in these assets makes sense with the current inflation narrative. This is purely opinion and not financial advice. Most of this analysis is done on candles that have not closed yet, until we have confirmation nothing is certain!
by TrimmerTrading
1
Another false breakout?-- I was not supposed to trade this pair but I forgot to cancel my orders due to high risk -- At exactly 2017.05.29 04:56 UTC +03:00, my sell limit for this pair -- right at the daily 200sma -- was triggered. Failure to remember I had an ongoing sell stop as well, it was triggered at 09:22 (few minutes from now). Considering that this pair has broken the daily support, possible descend may follow through. However, as seen on the previous days, false breakouts tend to occur within these levels. The possibility of forthcoming descend is 'supported' by the continuing weakening state of the Aussie Dollar -- weak economic data and weak commodity (such as copper) -- along with the recovery-state of the Crude Oil/Brent Oil. Since I'm already in the trade, I will hold my ongoing positions. I do, however, caution you to trade strong pairs v strong pairs, or pairs relating to Canadian Dollar. Better to trade Oil rather than Loonie.
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by bearvsbullmarket