Audcad Correction Before Impulsive move to the down side
AUDCAD is looking for a great buying opportunity to take the move to the upside & has the high probability to reach at the top after forming descending channel on 4h timeframe.
My Technical Analysis 1. AUDCAD broke the downtrend line on the daily timeframe and started its uptrend. 2. Price Respected the support zone on 4hr timeframe proving our buy bias. 3. Discovered a Divergence on the 1hr timeframe and price started a short term downtrend. 4. Recently Discovered another divergence on the 15min timeframe indicating a potential...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.96430). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
AUDCAD is looking for short opportunity to take the move to the downside & has clear formation.
Bullish RSI divergence here on AUDCAD. Also sitting on weekly, daily, and H4 support. Safe long position here.
Waiting for the F confirmation and ready to Buy. Using small lot.
We're in a large WXY structure and in process to start Y with another (WXY). X turned out as an ABC running flat. C hit perfectly the 100% extension of A. Now our next target is the .618 extension of W which is the most likely target and will complete (W).
Midterm forecast: While the price is below the resistance 0.9990, beginning of downtrend is expected. We make sure when the support at 0.9650 breaks. If the resistance at 0.9990 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 0.9899 on 2021-01-06 and the...
AUDCAD is looking for a great short opportunity for this week in fx market. Has the chance for more move to the downside. AUD seems weak across the correlation board. Along with the news of HIA New Home Sales (MoM) which has some negative results.
I think AUDCAD is dropping and I set my first target at 0.94300 I will update you later Now tell me what you think Agree 👍 or disagree 👎?
AUDCAD's next move looks downward. Take Profits: 1:0.95300 2:0.94300 3:0.92450 Let me know what you think of my idea. Have a great profitable trading week.
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.95040). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9575). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.957). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
AUDCAD 4HR See the RSI Diversion is negative for AUDCAD + Trend resistance + week resistance retest....✅✅✅ A perfect sell Sell around 93700 Tp 93300 Tp 92700 Tp 92000 SL 0.94500 This is long trade use 0.01 or 0.02 as per your fund PLEASE Follow SL