AUDCAD
AUDCAD AnalysisAs our previous analysis of ' AUDCAD ' we're looking for a long term buy up to the IMBALANCE area at least. As the market has shot up, this is another chance to get in!!
Setup Contains:
1. Stop Hunt (Sell Side Liquidity)
2. Break of Structure
3. Return To Orderblock (Expecting)
FOLLOW PAFX & TRADE LIKE BANKS 💸
💡Don't miss the great buy opportunity in AUDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8874).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 43.
Take Profits:
TP1= @ 0.8929
TP2= @ 0.8980
TP3= @ 0.9051
TP4= @ 0.9132
TP5= @ 0.9188
SL= Break below S2
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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
AUDCAD | Potential Uptrend. Get in!If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUDCAD ready to breakout AUDCAD ready to breakout
Audcad running on range position breakout resistance level if breakout with good bullish candle then waits some retrace and take a long trade as we mark on chart
Alternative Scenario If market close below short term support level then it will bearish trend and take short position after breakout short term support level
"Always trade with Stop Loss"
long trade on aud cad aud cad is running in uptrend as it is moving above 200 ma at 4 hour chart . price break the monthly reistance and move above . we are waiting for retest and then will trade in the direction of 4h trend that is bullish . tp will we next resistance 0.9232 . and the sl is below monthly resistance 0.9140
lets wait and see how the price react .