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Audcadlong

AUDCAD is reaching a KEY level for a SELLHi Traders, AUDCAD has been making bullish continuations over again however it failed to continue its momentum higher as it made a reversal Impulse and then correctively moved within an ascending channel. As we know this type of channel shows a reversal is imminent and we are approaching a double top level to add confluence to this short position. Looking at price action for confirmation. Follow your plan and entry criteria. Good luck Share a comment below and let me know your view on this pair! Click the like button if you agree with this idea!
Short
by ktlfx
AUDCAD 4Hr Long! Overview: Price has completed very important tests at 0.90297. Currently, price is trading inside 0.89694 | 0.91411 Buy-zone. From its current Buy-zone location, price could present Buy-entries by pulling back to a 50% retracement price-- Or Price could advance for tests at Target 0.94720 Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Long
by legacyliked
Looks like a reversal will be coming soon Hi Traders, AUDCAD was gaining strength throughout last week but failed to be able to continue past the previous high. Looking at the price action we can see that a bearish ascending channel is forming which might get a short position if we grt an impulse breakout and LTF correction. Price may also continue correctively rising towards the upper boundary of the HTF channel. Follow your trading plan and make sure your entry meets your rules. Patience is key. Leave a comment and share your view on this pair! Support me by clicking the like button if this post has helped you. Good luck!
Short
by ktlfx
AUD/CAD: Long from bottom of broadening channelHello, everyone! AUD/CAD is growng from the bottom of a broadening channel and we can see a clear pattern historically. The pair is creating a new channel after testing support or resistance of broadening channel. Additionally, RSI is in oversold condition and the same situation was at the last time the pair tested the resistance of this channel. So, I expect the new period of growth cycle now. The growth will be more obvious after breking a descending channel at 0.8980 and a resistance area at 0.9021. Entry: 0.8967 SL: 0.8890 TP: 0.9240
Long
by SA_investing