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Audcadsetup

AUDCAD : WAITING FOR LONG POSITION. In the name of Allah, the Most Gracious, the Most Merciful. Market Structure in Weekly Time Frame is a Descending channel pattern. AUDCAD Is Following Ascending Channel pattern in Daily Time Frame. We Are Looking in 1 Hrs Time Zone For Entry we need to wait Till Market test the Ascending Channel Support line. Risk is 27 pips Reward is 214 Pips How to Trade? Use Take Profit As per Trend line Swing high point There is 3 Take Profit 2 As per 1 Hrs time frame which is on the basis of the Trend line and 3rd Take profit will be at the Ascending Channel Pattern Resistance level. IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY. HOW TO TRADE ON OUR SIGNALS. We Explain above you use that lot size whatever Capital you have. Let say, for example; you have 4000 Dollars Capital. We Posted Trade which has 4 Take Profit. We will use 0.20 Total lot size We will divide it in 4 Orders. 0.20 lot Divided by 4 Take profit = 0.05 Lot size. So we will open 4 Trade with 0.05 Lot size for each trade. Let See How We will do. 1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target. 2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target. 3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target. 4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target. Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry. If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target. If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
Long
by Make_Money_Guru_Bitcoin
Confluence Set Up AUDCAD for Potential RallyAUDCAD reversed from a daily ascending trendline that lined up with 61.8 Fibonacci retracement of the advance from 0.8903 and broken out of daily descending trendline. Price also broke the daily counter trend line structure and it's currently retesting it inline with key support, and descending trendline. Price has the potential to move higher from or near the current level and rally towards the resistance with 1.236 and 1.618 extensions as indicated on the chart. This setup remains valid as long as the Invalidation Level at 0.8966 remains intact. What're your thoughts about AUDCAD? Let's discuss this in the comment. Good Luck! Veejahbee
Long
by Veejahbee
AUDCAD potential reversal! AUDCAD expected to rise up to 1st resistance at 0.90880 where it could potentially react off and drop down to 1st support at 0.90174. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
AUDCAD reversed from resistance, potential drop! AUDCAD reversed off its resistance at 0.90880 where it could potentially drop further to 0.90174. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone