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AUDCAD: Analysis and Plan for the week ahead (8 JULY 2019)Currently looking at AUDCAD pair. The weekly range is to BUY LOW, SELL HIGH. Now that is is currently at low, we are looking for longs(BUY). Next move: I will be going long towards the next high. Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
Long
by FUADALHAKIM
AUDUSD LONGHello Trading community. I wanted to share my AUDUSD strategy that I polished for the past 5 month. It is very simple to follow because there is only 1 strict TP and 1 strict SL that you dont need to change once it´s set. Im working with Fib Circles to predict weekly movements. Entry is always on MONDAY 07:00 UTC/GMT+2 ENTRY: 0.68644 TP: 0.69162 SL: 0.68240 If you are a risk taker you can also put the TP at 0.69270. But I figured out that 0.69162 is the safe way to go and I made much more profit with the safe strategy. IMPORTANT: This is not the final trade yet, ENTRY, TP and SL will probably change when the market stabilizes on monday, so I will update this post on Monday 06:30 UTC/GMT+2.
Long
by Lukikum
6
NZDCAD SELL TARGET 0.87000Good afternoon from the UK, well what do we have here? the last time i Traded this pair was around the 1st May looking for the decline to 0.8700 (Please see the related idea). Here we go again. What i can see is my weekly key level no longer acting as a floor support which broke through but now a ceiling resistance with long wicks rejecting the 0.8900 price rejoin. On the daily timeframe price has test the golden ration 61.80% fib retracement. with multiple shooting stars. If you were to step down to the 8H & 4H timeframes moving averages are corresponding well with the intent of this pair seeing another tumble to create that double bottom at 0.8700. The counter trend line is due to break on its third touch which if it does the retest will come and the decline continuation continues. This is my Trade of the week.
Short
by Travis_duncz