Audcadlong
AUDCAD LONG 15TH MARCH 2022Firstly I am happy for the massive follow, likes and comments I am here to help everyone free.
So AUDCAD has bee very bullish for days now and we can see currently that price is holding demand strongly right now and AUD news is imminent as well which could plunge price further into a continuation, having noted that we look see price move from our entry box into the 0.95490 area but if that doesn't happen the next possible scenario is to see price fall further lower confirming a bearish character in this pair. Good luck as always remember risk management is key! Swing Trading Simplified!
AUDCAD LONGAUDCAD broke the top level of the downwards channel and trying to rebound from the retest zone in the daily timeframe chart. we expecting the pair to retest the key levels listed on the chart.
We taking this trade based on technical analysis and price action.
(1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL
(2) USE YOUR STOP LOSS
(3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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AUDCAD- BUYAUDCAD made a breakout on the trend resistance line. My analysis shows a possible retest on the or (kijun support ma) that if it happens, a move to the upside will be likely. This is also based on the Ichimoku indicator that shows a bullish trend in the making. Will have to wait for confirmation however before entering.
💡Don't miss the great buy opportunity in AUDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9235).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 0.9282
TP2= @ 0.9303
TP3= @ 0.9321
TP4= @ 0.9346
TP5= @ 0.9376
SL= Break below S2
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AUDCAD SHORTS 📉📉📉📈 Expecting bullish price action on EURJPY as price takes out sell stop liquidity where a lot of retail stops where, also price takes out liquidith below the psychological area 128.000 and closed above with a high bullish momentum on H4, i see a retracement on the JPY INDEX meaning JPY should go down and EJ would go up. RSI/Stochastich Indicator are below 20 area meaning a reversal should occur because price is oversold from a mathematical standpoint.
What do you think ?