CADAUD trade ideas
Don't miss the great buy opportunity in AUDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9020). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.9105
TP2= @ 0.9140
TP3= @ 0.9245
SL= Break below S2
AUDCAD SELLAUDCAD IS IN THE DOWNTREND IN DAILY TIMEFRAME AS IT COMES TO MAJOR SUPPORT LEVEL SO LOOKING FOR SHORT
AUD CAD - Triangle Pattern at a Strong SupportAUD CAD has formed a Triangle pattern in Daily time frame.
But, what's interesting is that, although it's trading inside a Triangle pattern, it has indicated that the Price has a higher chance of going up.
The Price broke over a Strong Round number, 0.9000 Resistance a week ago, and it managed to sustain over that strong range.
So, a breakout over the triangle could take the price further up in the coming days
AUDCAD WE ARE VERY BULLISHWhole world is going to buy is next few session.
CAD is weak weak and weak.....
so Selling CAD is best Strategy
AUDCAD Buy Only All World Buying You Must BuyRisk Reward Ratio is Fine. Strong Buying Breakout .
We See huge buying in this Session.
So Strongly its a BUY .
LONG postion in AUDCAD.Downwards Trend line break. Can see a pullback to the 0.907-0.908 level and then a push back forming an uptrend.
Don't miss the great buy opportunity in AUDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9021). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 81.
Take Profits:
TP1= @ 0.9134
TP2= @ 0.9226
TP3= @ 0.9315
SL= Break below S2
Weaking of CADFX_IDC:CADAUD
Going Short on the first pullback of continuing downtrend
R:R > 2.2
Max risk 1% of capital
AUDCAD - Inverted Head & Shoulder - Target - 0.91186There is a formation of an Inverted Head and Shoulder pattern in a daily time frame chart in the AUDCAD pair. It is about to breach the neckline and hence, a good long opportunity can be grabbed with 0.89469 as a stop loss. The first target is set at 0.90513 and the second target is of 0.91186
Don't miss the great buy opportunity in AUDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8987). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 0.9026
TP2= @ 0.9051
TP3= @ 0.9143
SL= Break below S2
Go Long : AUDCAD Broadening Rising Wedge AUDCAD has formed a Broadening Rising Wedge pattern on a daily basis. At the moment, the price are just above the lower trendline. The prices are expected to rise with the pair reaching 0.90251 initially and then 0.90675. On the other hand, first support is at 0.89212 and then at 0.88915.
