AUDCAD bounced off its support at 0.91646 where it could potentially rise further to 0.92255.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD expected to rise up to 1st resistance at 0.92183 where it could potentially react off and drop down to 1st support at 0.91564.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD is approaching its resistance at 0.92142 where it is could reverse down to its support at 0.91288.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
On the 1HR AUD CAD has broken the 200MA and the Dynamic S/R created by the 50EMA.
3 touches on the MAJOR S/R gives strong indications to reverse and start to move to the upside.
If my theory is correct I will be looking to place my trade.
Entry: 0.91965
SL: 0.9155(BREAKEVEN AFTER TP1 HIT0
TP1: 0.9360(R/R 3.95)
TP2: 0.9610(R/R 9.95)
TP3: 1.01145(R/R 22.15)...
AUDCAD expected to rise up to 1st resistance at 0.92216 where it could potentially react off and drop down to 1st support at 0.91456.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hey Guys!
Here, I'll be demonstrating some trade sets ups that appeared for AUDCAD last week (06/19/19 - 06/20/19) using our K2 Trading Strategy! Enjoy!
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AUDCAD is approaching its resistance at 0.92279 where it is could reverse down to its support at 0.91625.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
AUDCAD is at a major level right now, the area of support it is at has been tested and failed to break it multiple times. The overall bias of price action is downwards due to the descending trend line marked out in black.
Price is travelling in a descending channel marked out in blue, If price rejects the area of support its at now then we will be waiting for...
Hi Traders,
The AUDCAD rally that started in Oct 2018 from 0.9107 low can be seen as an Elliot Wave impulse structure, labelled 1-2-3-4-5. According to Elliot Wave Principle, a three-wave correction in the opposite direction follows every impulse.
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AUDCAD's seems to be in the corrective phase since 18th Dec 2018 and it's unfolding as a combination. So far, we...
AUDCAD was travelling within a descending channel on the Daily chart for a long time until price broke out to the upside and formed an ascending channel which is marked out with the black lines.
Price is now at the bottom of the channel and it has also formed a doji candle, this indicates a reversal in price to the top of the channel. We will keep you updated on...
We have an active trade position and idea open which we sent you guys however price action has changed and so has the analysis.
Price broke out of its downtrend and trend line and came back down to retest it as normal, however this time it has formed an ascending channel and price is now at the bottom, we are expecting moves up.
