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...
rejection of weekly support closed below vwap time frames 4hrs 1dAY WEEKLY
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.
Price rallied in the NY SESSION on 5th February 2021 with the noticeable volume. And we are expected that price will pull back to yellow zone that also coincides with 38.2 fib level. The reason behind this huge volume being the price tested longterm trend line on Daily chart. After the pullback, we will be closely looking at the Price action in the YELLOW marked...
DESCRIPTION The counter AUDCAD forms a descending channel . The counter's prices is moving between the top and bottom line of the channel from 05th February. The formation of the descending channel indicates the counter is in a bearish mode. The price is accumulating near the top line of the channel for the past 24hrs. Since the price didn't break the top-line,...
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 SELL STOP .9832 TARGET .9692
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.
What on earth this is? an inverted HnS pattern on the weekly shows a massive 1600 pips of movement
it is been bearish on the shoter period of time. Blue line is indicating upward trend as per the weekly chart