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Audcadlong

AUDCAD - Bullish Trend - 1H Time FrameBased on the chart, we can observe that it is showing higher highs (HHs) and higher lows (HLs), indicating a bullish trend. The Relative Strength Index (RSI) does not indicate any divergence currently. We will enter a long trade with a risk-to-reward ratio of 1:1. Our trade plan is as follows: Trade Long Buy Stop = 0.90807 Stop Loss = 0.90367 Lot Size = 0.25 Take Profit 1 = 0.91232 Take Profit 2 = 0.91676 Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai
AUDCAD - Bullish Trend - 1H Time FrameBased on the current price chart, it appears that the market is forming a bullish trend, as evidenced by the presence of higher highs (HHs) and higher lows (HLs). Additionally, there is currently no divergence showing on the Relative Strength Index (RSI). As a result of this analysis, we will take a long trade with a 1:1 risk/reward ratio. Trade Long Buy Stop = .90749 Stop Loss = 0.90188 Lot Size = 0.19 Take Profit 1 = 0.9131 Take Profit 2 = 0.91871 Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai
AUDCAD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: Here I expect price to go a little bit lower to fill the imbalance and then to reject from bullish order block + institutional big figure 0.89000. My target is buy stop liquidity. Fundamental analysis: Tomorrow we have news event on AUD, will be released monthly Unemployment Rate. If the result is lower than forecasted it means strength of AUD which will support our move. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
AUDCAD LongWatching this one, I think the short is missed to point 1, but I'm also watching to see if it tries to push up above the current resistance level. If we cross up, I'll be looking at point 2 for a retest style entry. If it carries back down to the support level below in point 1, I'll watch for a reject/retest type entry there to come back up to the major resistance level @ 0.923 as the target for either situation. We have a break in the major trend line that has been coming down from the top level, looking to trade price back up to that level. No entries planned at the moment, just alerts and see where the retest will happen. Most likely, we go back down to the point 1 level and then major move up from there from a double bottom type pattern I would think, looking at the slight downward slant of the double top at the current resistance. Reposting so the chart is up to date and shows what I'm looking at while making the Idea, cant find the refresh chart for the post like we had before***
Long
by ForexStoryteller
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