AUDCAD

Been watching this pair completing a 9 months correction, hit and miss at entry several times. This swift decline broke minor channel line supports, watching if resistance hold. It'll be interesting.

Breaking channel line support almost confirming down trend, probably forming the right shoulder before the plunge.

just sell and make money
first target 1.0020
second target is open..

Spot on, mate!
Sell in May..........................$, right?

AUDCAD target : bottom of Ending Diagonal early July

do you trade it?

yes i do. If u are concerning about the extremity of the target, it is conservative for audcad. It could even be C=A near 0.8870. While i'm working on the idea that after the completion of an ending diagonal it will be retraced completely in 50% or less of time taken by ED. i've seen & traded similarly in other markets.

i have two new orders..

What happened to this thread? I am seeing a potential opportunity developing to short the pair.

Hope this thread came back to live soon .

Found one more daily pin with a gap us also a bearlish divergence on H4 and H1 still has a long way to drop.

My shorts here stopped out at BE and one with a small loose.

Looking at the bigger picture, it's range trading on a B wave but a good size range here.

Let's live up that thread a little bit

Long trade Idea for AUD/CAD currency pair, that's not an short term entry but can be used as one if You wish to risk just the flag scenario with small stop loss.

Being Long Australian Dolar proved to be quite good idea from the fall of 2013 till end of first quarter od 2014, we might getting some tips that it's time to dust off that idea. First thing is the "Carry" trade scenario, difference in the base interests rates will support buying Australian Dolar against most other currencies. AUD/CAD looks like an decent pair to look for an entry, we've got an Flag pattern on the daily time frame which was broken on Friday, it still needs some comfirmation in the next few days but if the price manage to get beyond 1,02 level I'd suggest that we've started 5th wave on the Up move just below the parity level at the begining of August. If that assumtion is correct then 1,07 should be the mid term level and that's nof far away if we take USD/CAD possible reversal Long into consideration which should boost Canadian Dolar weaknes all over the currency markets. Last highs at 1,035 level should be broken to finally confirm the 5th wave scenario but there are few entry points on the way to that level. The conservative scenario is shown on the chart with entry at current price level and stops just below last swing low under 0,993 leve. More agresive aproach would be to go long at market price with Stop Loss placed just under Fridays low at 1,009 Level and TP1 at 1,031 Level and TP2 at 1,068 Level.

Interactive chart can be found on tradingview.

https://www.tradingview.com/v/q2x4Qd8Y/

Could this be a setup to go short @ around 1.0191 ?

Is this the time to Long this pair? I'm already in. Let's see how it goes...

Lets see how it looks next Sunday.

hi
AUDCAD Weekly
it's losing its support. providing that it closes below the upward trendline-which is likely to happen, the next target could be somewhere around 0.95500.

http://up.boursy.com/uploads/2013-10...-minWeekly.png

up up and away, yup