The AUDCAD respected the support.
and formed the double bottom
with a low swing stop loss.
All levels are marked on the chart.
--------Disclaimer-----------
Charts are for educational purposes. Non-advisory, discretional.
AUDCAD is making a great setup here , it may rebound from here as it's a strong daily support but if broken down and retest could be great idea for taking a short position here . Always lookout for a fake breakout .
Be patient
Take position only when you get confirmation or follow me to get updates on this idea . Get the great entry here
As 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 💸
We forecasted and shared our view of AUDCAD, where we were looking for a BUY from the Liquidity candle on the 23rd of July.
And, after 18+ days the full target has been achieved!!
We got -
142+ PIPS, 1:2.6+ Risk to Reward Ratio!
Trading 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...
Hello 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...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9204).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9150).
. 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...
Please show your support back,
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ForexCity|Signal Team ❤️
we have got extended move to the downside, + we have even achieved 3x ADR + 3(psychological no.) pushes to the downside market makers have formed sweet W which tells we are going mark up phase
