AUDCAD Superswing to 0.9400
AUDCAD has been trading within an upward channel since September 2023. Currently, the price is near the bottom of the channel, reacting to the 0.618 Fibonacci level (drawn from the low of August 5th, a pivotal day for this pair).
The plan is to wait for a confirmation of a structural shift on the 4H chart, followed by a retest, and enter a long position around 0.9120. Partial profits will be taken progressively, with the final target set at 0.94.
Stay tuned for updates on my trade: entry, take-profit levels, and exit strategy.
See details on my signature to get in touch with me.
Good luck!
The plan is to wait for a confirmation of a structural shift on the 4H chart, followed by a retest, and enter a long position around 0.9120. Partial profits will be taken progressively, with the final target set at 0.94.
Stay tuned for updates on my trade: entry, take-profit levels, and exit strategy.
See details on my signature to get in touch with me.
Good luck!
Trade active
Enter now long at 0.9120Note
Price has just broken the PS n 4h TF. Keep holding.Note
For next week I have no big hopes on this pair. The idea is now to try to close at BE. if you follow me, you will receive updates.
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