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AUDCAD

AUDCAD ↗️↗️ Triangle breakout analysis .Hello Everyone 🙋🏽‍♂️ As we could see we have triangle chart pattern, we are waiting for a breakout at the price 0.787400 to enter the ascending channel, WE recommend : 🟢TP 1 0.88260 🟢TP 2 0.89820 🟢TP 3 0.90580 🔴 SL 0.86000 If the price still going down and retest the support to be resistance then is it a downtrend signal, don't buy at that time. We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
Long
by EMA_Trading
3
Potential Buying OpportunityAs you may know, AUDCAD is currently on a Bearish Trend, which means that buying at this pair is a counter-trend move. However, I wanted to let you know that the Bullish Shark Pattern has been completed on the Weekly Chart with an RSI Divergence. There are two ways to engage with this pattern. The first is the Bullish Gartley Pattern, which has warning signs that it is completing on the 4-hourly chart at 0.8603. The second is completing on the 1-hourly chart at 0.8650. Given these options, which one would you prefer to choose? Let me know your thoughts and we can discuss further.
Long
by RaynLim
A Clear Potential Selling Opportunity Sell Description: Pair: AUDCAD SL: 20 - 30 pips TP: 80-100 pips We have identified a potential selling opportunity in pair. The price has shown signs of bearish momentum and is currently trading below key resistance levels. Our entry point for this trade is is Shown in Picture, with a stop loss (SL) set at . This provides a risk-reward ratio of approximately 1:3,4 ensuring a favorable risk management strategy. Our take profit (TP) target is set at mentioned Area on the chart, aiming for a potential gain of 80 to 100 pips. This level aligns with previous support and offers a high probability of price reversal or further downward movement.Please note that trading involves risks, and it is essential to manage your positions carefully. Always adjust your position size according to your risk tolerance and ensure you have a clear understanding of the market conditions before entering any trades.
Short
by Fx_tradertareen
AUDCAD-WEEKLY ANALYSIS-24/09/2023Traders, this week, we're focusing on the Australian Dollar/Canadian Dollar (AUD/CAD) pair, but be prepared for potential volatility as it can exhibit mixed movements. However, considering the market structure, we anticipate a significant upward movement to facilitate this, keep an eye on the 4-hour timeframe for favorable entry points. After this upward move, it's possible that the pair will experience a subsequent drop. Be attentive to price action and market indicators to gauge when this shift might occur. Stay vigilant, remain focused, and adapt your trading strategy accordingly. Ensure you stay updated with economic news and indicators that could impact the AUD/CAD pair. Always remember the importance of risk management and having a well-defined trading plan.
by Dion-FX
AUDCADhello everyone, this pair is bouncing off the support the 2nd time, with the upcoming major news the price may or may not break the current support. The price can either reverse on the current support or do a double bottom around 0.86 area. Watch out for price manipulation during news that can drag the price to 0.86 support. Main target 0.91 Hint: price manipulation during news is like news is good but the price is falling... next day price recovers and become very bullish. good luck..
Long
by baigxy