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.
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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
CADAUD trade ideas
AUDCAD | Potential Uptrend. Get in!If you find this technical analysis useful, please like & share our ideas with the community.
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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"
💡Don't miss the great buy opportunity in AUDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9235).
. 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 dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 0.9282
TP2= @ 0.9303
TP3= @ 0.9321
TP4= @ 0.9346
TP5= @ 0.9376
SL= Break below S2
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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 .
Higher chances of long, but if broke drown support, then shortmarket is in between of ZIG ZAG in a trend line support and resistant, now it is very near to support and a mean resistant as well, but there is high probability to consolidate the market close to the resistant and then will broke the resistant after a short pull back.
good luck guys, have a great trading day
💡Don't miss the great buy opportunity in AUDCAD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9055).
. 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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.9100
TP2= @ 0.9148
TP3= @ 0.9192
TP4= @ 0.9237
TP5= @ 0.9296
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 ❤️