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ForecastCity
Oct 30, 2019 7:26 PM

Don't miss the great buy opportunity in AUDCAD Long

Australian Dollar/Canadian DollarFXCM

Description

Trading 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
Comments
usaral11
good forecasting. R! is a supply zone . trend move up
usaral11
@usaral, 0,9097 breakout point.
ForecastCity
@usaral, SL is below 0.8964 .
ForecastCity
@usaral, No, it's not. R1 is the TP1= @ 0.9134
Best_Forecast
I like your Ideas very easy to understand!
Thanks for sharing!
ForecastCity
fxniki
@Alexander_007, Me too. ForecastCity rocks!
ForecastCity
@fxniki, Thanks
fxniki
Thanks for your strategies and technical analysis.
ForecastCity
@fxniki, You're welcome:)
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