AUD (Australian Dollar)
AUDCAD Trading Plan - 18/May/2022Hello Traders,
Hope you all are doing good!!
I expect AUDCAD to go up after this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
SHORTING OPPORTUNITY IN AUDJPYAUDJPY broke head and shoulders pattern in D and 4H . i will look for a retracement to enter during pull back . Since JPY is trading strong i am expecting good bearish movement .
i will enter in lower time frames like 1H after seeing confirmation from candlestick
I COULD BE 100% WRONG IF U FOLLOW MY TRADE IDEAS KINDLY MAINTAIN A MAX SL OF 0.50%
💡Don't miss the great buy opportunity in AUDNZDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1006).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDNZD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 1.1076
TP2= @ 1.1110
TP3= @ 1.1148
TP4= @ 1.1194
TP5= @ 1.1234
SL= Break below S2
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💡Don't miss the great buy opportunity in GBPAUDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.7433).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPAUD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 56.
Take Profits:
TP1= @ 1.7582
TP2= @ 1.7746
TP3= @ 1.8030
TP4= @ 1.8178
TP5= @ 1.8392
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️