CADAUD trade ideas
AUDCAD going down down down 📉AUDCAD is quite bearish!
Potential down move can be seen next week once the market is open.
Enter on intraday timeframe.
ALL THE BEST!
Support and Resistance Not price! Its a Area(Range)Do you know Support and Resistance is not a Price, It a Area (Range) .
Every time price came to this Area (Range) it respected the Area very well as you can see in the chart.
Rule :- Whenever support is broken its become resistance. And when Resistance is broken its become support.
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AUD/CAD multi year support* ABCD 2 pattern
* RSI divergence on 4HR and Daily chart
* Initiate buy after channel break
* 0.91 handle is a multi year support
* Stop loss at 0.91100
* ADX crossed 20
20/08/21 reversal patternhead & shoulder formes also DAY and WEEKLY candles also favour to this pattern try. may it's working 50% because today Friday weekly may influences the market so cation with the stop loss
AUD CADLast week onwards, waiting for this move. still waiting for LONG run. Use proper risk management.
Long opportunity in AUDCADNote :- Given trades are educational purpose only . Trade at your own risk .
AUD CADIf it breaks the trend line, then looking for a long.
if it break Trend line, it will make inverted head and shoulder pattern
AUDCAD Inside Descending Channel (Short Setup)AUDCAD Sell Setup
Recommend Strategy Short at Market
TP1 0.91600 (80 pips)
TP2 0.90500 (190 Pips)
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Neat and clean chart with clear setup, no junk on chart.
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sell opportunity
MARKET IS IN MAJOR DOWNTREND
BREAK RED TREND LINE
MARKET IS CREATING HH
SHOWING REJECTIONS ON STRUCTURE HIGH
breaks minor trendline
showing rejection on key level
ENTRY; After breaking structure low.
audcad longHi Everyone
Long position possible in Audcad as you can see that we can easily get 1:2 risk to reward ratio
Thanks for visiting it means a lot for me
AUD CADYesterday we discussed about AC. if it breaks the strong resistance level, then look for a long position. Use proper Risk Management
💡Don't miss the great sell opportunity in AUDCADTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.9305).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 25.
Take Profits:
TP1= @ 0.9261
TP2= @ 0.9247
TP3= @ 0.9234
TP4= @ 0.9215
TP5= @ 0.9194
SL: Break Above R2
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