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Audcadlong

AUD/CAD multiple Set Up's In PlayWhat's Up therealtraders! here i share my analysis with aud/cad looks like we're going to see a reaction incoming for a price reversal potentially back to double top to the upside or even slightly higher to trap Buyers by creating a higher high on the shorter time frames before entering this set up we would like to see bullish confirmation on the smaller time frames 4 hr-1hr time frame if we get confirmation we enter and ride the move up with profit taking a must because i do see this coming back down in a big way, and whether we pull up or not it could drop hard so wait for confirmation either for rejection for the buy or breaks for the sells
by therealbinarymaster
AUD/CAD (11/02/23) Weekly Chart - Bulls controlAt present, the bullish trend in the AUD/CAD currency pair appears to be strong and unrelenting. The market is approaching a supply zone with an inducement, which could potentially provide a good selling opportunity. The presence of gaps in the market supports this possibility. Despite the bullish trend, the I believe that it would be beneficial to wait for a dip in the price before making a purchase. The liquidity at the bottom of the range, combined with the potential for lower prices, suggests that there may be a chance for a more advantageous buying opportunity in the near future. I wishes everyone good luck and a profitable week ahead in the foreign exchange market.
Long
by ANGBlack
AUDCAD : Bull tunnel entry post 9 week breakout up! 30.5Simple technicals combined with a broad perspective. 1) Resistance trend-line ongoing since April 5th was broken 24th may, indicating bull trend initiating. 2) Since breakout, connecting lows and highs are parallels indicating a consistent up-trend in the shape of a tunnel. The range of the tunnel is 0.980 to 0.916 , current rate is 0.911. A break below 0.980 with a daily close would confirm downside potential to 0.9000. So buying now and placing a stop lower than 0.980 is the first option with a TP at 0.916. Second option is to to wait for a 4h candle close break above 0.916 and TP at 0.9222 with a SL back below at 0.9135. --------------------------------------------------------------------------------------------------------------------- I hope you this was helpful! If you found that it was, please like and follow! Would truly mean a lot. Thank you so much for reading - I encourage you to ask questions, make comments.. I promise to reply to each one. I am not a financial advisor and it's best to make your own research and trade cautiously. ----------------------------------------------------------------------------------------------------------------------
Long
by Exactus
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