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Audcadanalysis

AUDCAD : Bull tunnel entry post 9 week breakout up! 30.5Simple technicals combined with a broad perspective. 1) Resistance trend-line ongoing since April 5th was broken 24th may, indicating bull trend initiating. 2) Since breakout, connecting lows and highs are parallels indicating a consistent up-trend in the shape of a tunnel. The range of the tunnel is 0.980 to 0.916 , current rate is 0.911. A break below 0.980 with a daily close would confirm downside potential to 0.9000. So buying now and placing a stop lower than 0.980 is the first option with a TP at 0.916. Second option is to to wait for a 4h candle close break above 0.916 and TP at 0.9222 with a SL back below at 0.9135. --------------------------------------------------------------------------------------------------------------------- I hope you this was helpful! If you found that it was, please like and follow! Would truly mean a lot. Thank you so much for reading - I encourage you to ask questions, make comments.. I promise to reply to each one. I am not a financial advisor and it's best to make your own research and trade cautiously. ----------------------------------------------------------------------------------------------------------------------
Long
by Exactus
7
#AUDCAD SHORT TIME -TODAY 2023.2.4And in the last stage, we have the 45-minute time check: We are now on the reciprocal completion area around 0.92559. The ranges between 0.92559 and 0.91923 can be considered as areas for correction, and all the decreasing targets from the return range to 0.93234 can act as resistance areas in correction, generally they cover 50% of their sharp movements. The major wave in the 45-minute time period is a decrease and any rise is only until the correction is confirmed. If the upward wave is corrected, we can expect a decrease to the range of 0.91512 and then an important static range overlapping with the corrective fibo in the area of 0.90925.
by maryammh
5
AUDCAD SellGood day everyone! Don't forget to put your thumbs up and write comment if you like the idea. AUDCAD sell 0.94365 and 0.94837. SL 0.9600. Risk 1%. Sale from monthly and weekly target area. In the week they came for a test of the upper edge of the balance sheet , and in the week for commercial interest for sale. First Target Standard, Global Target Return to Area 0.92710. DISCLAIMER: The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
Short
by airstels
1
DeGRAM | AUDCAD target for longAUDCAD is currently trading in an ascending channel. The market pulled back to the support level, which is the confluence zone . Notice, price action approached the level by printing small candles with deceleration, indicating that there's no strength.  Price action is likely to pullback to the support level and go up if price makes a false break. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
10