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Audcadshort

AUDCAD Short Update (500 Pip Move?)Recently, I shared an idea about AUDCAD breaking through a support level and pushing downwards. I entered the trade, secured partial profits, and expect price to fall to my initial TP target of 0.87. Additionally, I have added an ambitious second target around the covid lows of 0.83. If price pushes past my first target, I plan on staying in the trade until the next target is reached or until price crosses above the 200 EMA. Nothing is 100% certain in the markets, so we will see where this pair is headed in the near future. Remember to use proper risk management!
Short
by Lawjr
audcad analysis ( short)AUDCAD have been bearish since 16th June of the current month , the price kept on printing new lows over the two past weeks , breaking all the major support lines , and the price breaking under 0.8892 a strong daily support and with the fact that there isn't a any fundamental factor that would reverse the current bearish trend line , so I'm expecting to continue it's bearish move all the way down the the new low at 0.8835 , the price is currently showing a great bearish momentum so we might get to the target when we get more volume at london session open , we might see some correction before , even then the price will remain bearish as long as it keeps trading under 0.8973. if you find the market analysis of use and value and want to see more works alike , please consider to support the post by liking it and commenting bellow , if you are new around here make sure to follow me so you don't miss any notification of the future upcoming posts. I'll see you soon in the next post
Short
by Gol-DTrader
Audcad bull from SupportHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:AUDCAD We can see a market tested its resistence area in H4 & H1 and now trying to test its support in bigger timeframe. So we are expecting a little strength near its Support or lower trendline. after this test we will take a Long entry near trendline. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
Long
by Theranasaramd
AUDCAD Short Trade OpportunityA 'sell' opportunity has just presented itself on the aussie-loonie trading chart. This is occasioned by the bearish harami candlestick pattern just below the 0.91276 horizontal resistance level, which signals a rejection of the same level and suggests a downward price movement. You can still enter this trade by setting your stop slightly above the aforementioned level and placing your target anywhere between your entry price and the 0.89092 horizontal support level (ensuring a reward-to-risk ratio of at least 3.00). Happy trading!
Short
by charles-okoukoni
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