Welcome to our Trade Setups - April 06th ( AUDCAD ) !
ENTRY LEVEL @ 0.96390
SL @ 0.93874
TP @ 0.99870
Max Risk: 1% - 3%!
Risk/Reward Ratio: 1.38
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Here the upward sloping channel is indicative of the relative and ever increasing deterioration of the Royal Bank of Canada's balance sheet relative that of the Royal Bank of Australia's. - A significant and still increasing fiscal power versus new debt issuance capacity, advantage RBA. This unlikely to change anytime soon - i.e. for years if not more. Naturally...
Hello my friends,
I am updating my previos post about this pair.
I took buy position since 0.9500 as i spotted bullish divergence exactly at support and now this trade is going my way floating +90 pips.
Noted this pair also moving above the kumo cloud so it got bullish energy in it, hence taking long position is more favorable.
Partial profits taken here and...
Currently this pair running at the major resistance level at 0.91200
From this level we may expect some short term fall back towards 0.90600 level.Which is 100EMA
This 100EMA will form as support level there we may execute buy orders
And the potential target will be 0.92160
Stop lose may placed at 0.90100