Good day, snipers. Here in the AUD/CAD, we have multiple confirmations to go long. TECHNICAL ANALYSIS first on the weekly time frame, price rejected our golden Fib Zone 61.8 and I am expecting for price to go up. Also, price rejected the 8 EMA which was respected in the last few motnhs. FUNDAMENTAL ANALYSIS next is about the CoT report. Currently, net positions regarding the CAD are being sold while the AUD is being bought the previous week. Specifics are discussed with the team and accurate entry, SL and TP are sent too.
Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below or leave me a message if you have any questions about the idea.
@SniperFXFree, Great work. I changed my opinion at about .9485.
UnknownUnicorn493766
⋅
Im not so sure, That is a very attractive reversal pattern on a weekly time frame. COVID has shut down our biggest state economy in Australia and the next 2 biggest state economies have border closures on them, with no end date. A brave move to go long AUSSIE currently against anything...
SniperFXFree
⋅
@gremic, a brave and worthwhile move. Floated to 200 pips now. It's okay, everybody at some point gets wrong on their own speculations
UnknownUnicorn493766
⋅
@SniperFXFree, not before your stop was hit. Im not sure where you pull 200 pips from, nice try.