AUDCAD With in a Large Pattern
Updated
It looks like you're discussing a potential trading idea for the AUD/CAD currency pair. Based on your message, it seems you are considering a short (sell) position:
Currency Pair: AUD/CAD
Sell Zone: Starting from 0.9700
First Target: 0.9500
Second Target: 0.9200
Sell Zone (0.9700): This is the price level at which you are looking to enter a short position. It suggests that you expect the price to decline from this point onwards.
First Target (0.9500): This is your initial target price where you plan to take some profits by closing a portion of your position. It represents a level where you anticipate the price could reach after selling pressure drives the price down.
Second Target (0.9200): This is your subsequent target, indicating where you might aim to fully exit your position if the price continues to decline. It suggests a deeper move down in the currency pair
if the price breaks through this zone we could see AUDCAD falling further to 0.9020
How ever the first zone acted as strong support for long time and we should be careful as it can easily bring the price back so lets see what happened
if you like this chart so must share your opinion here and if you have any question about this so plz write in comments thanks
Currency Pair: AUD/CAD
Sell Zone: Starting from 0.9700
First Target: 0.9500
Second Target: 0.9200
Sell Zone (0.9700): This is the price level at which you are looking to enter a short position. It suggests that you expect the price to decline from this point onwards.
First Target (0.9500): This is your initial target price where you plan to take some profits by closing a portion of your position. It represents a level where you anticipate the price could reach after selling pressure drives the price down.
Second Target (0.9200): This is your subsequent target, indicating where you might aim to fully exit your position if the price continues to decline. It suggests a deeper move down in the currency pair
if the price breaks through this zone we could see AUDCAD falling further to 0.9020
How ever the first zone acted as strong support for long time and we should be careful as it can easily bring the price back so lets see what happened
if you like this chart so must share your opinion here and if you have any question about this so plz write in comments thanks
Trade closed: target reached
Congratulation traders we are successfully reached our target if you any opinion about this so must share here and be sure to fallow me
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