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AUDCAD Technical Analysis and Trade Idea
TARGET:-97854 STOPLOSS :-98111 RISK REWARD :- 3:24 TIMEFRAME:- 15M
AUDCAD Has shown sign of a future downtrend, with a clear 22 set up AKA 2 double top.
TARGET:-98035 STOPLOSS:-98250 TIMEFRAME:-15M
AUDCAD is still on a bullish weekly trend, so its possible that it might revisit previous high. The pair failed to break completely and form a bearish continuation, so if a new solid support forms a i will open a new Buy position for a 1:2 risk reward. I WILL OPEN POSITION ONLY AT THE RETEST OF 0.89220 KEY LEVEL.
From the key levels at 0.982 to 0.984, I believe AUDCAD is about to see a downward move all the way to around 0.975. If it breaks 0.97, we may see more movement to the downside up to 0.968/0.965 else it might reverse at 0.975/0.97
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : AUD/CAD ⚪ Technical Analysis : In the weekly time frame, since March 2020, the price has been following a strong uptrend,...
The price has already started his way down and we might have a second chance to go in but first lets allow the price to reach our level and then make the entry.
Hey traders, here is the analysis for the AUDCAD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
December was a strong month for Aud also against its Canadian counterpart and AudCad reached a top above 0.98 Now the pair broke under trend line support and confirmed this break. Yesterday we also have a lower high and I expect a correction from this pair once 0.98 support is broken. Sell rallies can be a good strategy
An update from my previous analysis. Previously, we are eyeing on a BEARISH movement from AUDCAD at the resistance level @ 0.9785 price level. However, we failed to see a nice rejection from that level where price moved to the next resistance level @0.9875. After which, we saw it rejecting off from this resistance level twice. Today's candle is interesting as we...
AUDCAD technically has two tops. This confirms that the technical pattern of changing the propensity to "M" is created. However, CAD is very strong. The most important condition here is that you can only reach this transaction after breaking the support zone. Stay tuned
we expecting now time to pullback in the small time frame.
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! TECHNICAL ANALYSIS: Since the beginning of December the price has been moving in a strong ascending channel and today, 11th of January, the price broke the channel for the...