FX:AUDCAD   Australischer Dollar/Kanadischer Dollar
Good Morning,

So we may have an alternate entry to the AUDCAD             SHORT entry i previously posted.
If the head and shoulder looks like it won't play out. We have this entry above to possibly enter on.
The layout is on the daily chart for all to see. If in doubt wait one more day for confirmation price is going long.
Watch the lower time frames 4Hr and 1hr and the associated 50 EMA to see if we move lower or we are getting the bounce higher from the current position.

Thank you.

Point 1) channel upper trend line on daily chart tested with a bounce lower
Point 2) the weekly upwards sloping trendline is touched and acts as support again, we also have a double bottom on the weekly looking left on the weekly chart
Point 3) what seems to be a touch of the old daily channel upper trend line now acting as new support, with a 618 FIB retrace as icing on the cake. Now making a HIGHER LOW.

Interference would come from the 50 EMA so watch that one. It wasn't respected during the previous SWING low however.

Path of least resistance seems to be to the upside.

my previous idea of a HEAD and Shoulder playing out here may of been wishful thinking. That would be a great pattern and trade if it does however. IT was a long term pattern play however so no harm done.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden