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Audcadlong

AUDCAD facing bullish pressure, potential for further upside!Prices are facing bullish pressure as prices are taking support from horizontal swing low support in line with 61.8% Fibonacci retracement and 50% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension and -27.2% Fibonacci retracement. If prices push down, prices might take support on 2nd support in line with horizontal swing low support, 127.2% Fibonacci retracement and 100% Fibonacci extension. EMA is also below prices, showing a bullish pressure for prices.
Long
by TradeGATEHub
AUDCAD long trade signal - multi-timeframe analysisthe complete setup for AUDCAD in the monthly time frame and following the strategy about support and resistance strategy. we found the price moving in the down channel but there is a historical important support area in the monthly timeframe, so we should respect it. in the weekly timeframe, we couldn't admit that the price rejects the support area so we moved to the daily chart. we found a strong uptrend and that trend is broken trying to reach the bottom of the highest high of the uptrend and that is what the market did. so from this point, we are expecting the price will reject this area after the backtest and going up. moving to the COT report we found a huge volume for selling CAD currency, so we decided to buy AUDCAD. TRUST THE PROCESS #EG-Finance
Long
by UnknownUnicorn9076755
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