AUDCAD LONG! Multiple Opportunities On 4HrPrice is at the moment trading below a trendline that's due for test.
Break of trendline to upside validates upside targets above trendline.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Follow, and Support channel for future content.
Thank you and happy trading.
Audcadbuy
AUDCAD LONG @DAY CHARTAUDCAD
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
AUDCAD - FOREX - 16. DECE. 2019Welcome to our weekly trade setup ( AUDCAD )!
-
1 HOUR
Bearish price action towards our support zones.
4 HOUR
Strongly waving market structure with several pullbacks.
DAILY
Prices at range low, good long entries!
-
FOREX SETUP
BUY AUDCAD
1ST ENTRY @ 0.90550
2ND ENTRY @ 0.90330
SL @ 0.89940
TP @ 0.91220
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN