Overall trend is bearish but price did not make a new lower low so we are looking for buy setup above the weekly resistance level at 0.94389. More safe buy entry is in buyers territory at 0.94540.
AUDCAD trade idea alert shown using the 1HR hard coded settings on the strategy OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you...
PLEASE SUPPORT THE IDEA BY SMASHING LIKE AND GIVING A COMMENT <3 Hello Forex Trading Lions! PLEASE ENJOY THE FREE IDEA! A nice bearish engulfing candle showing bear pressure the only thing that is stopping is the lower on the left. It previously got respected so we need to be aware, anything below the lower low will make this trade a valid entry towards the...
AUDCAD - sell position now valid. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following...
The price is growing up, but I think it will go to the low value.
I usually analyze the market in this order. 2 weeks Daily 2 hours 10 mins ( For entry only) I find it more effective for like this for my trading style. With what is happening in the world, I think the drop is almost on its way. Of course, this is just a hypothesis as no one knows what is really going to happen. For more details please zoom in for SL and TP...
This pair has been in a monster uptrend since late March of this year. Price finally peaked in the beginning of August as we touched the upper level three times without making a significant push higher. Today's open shows price making a pullback to the lower bound level at 0.9445. If price manages to hold below this level, we can target an excellent R-multiple as...
AUDCAD on the daily chart hit and bounce over a weekly support. After an uptrend move the market couldnt make new highs and created a triple top before melting in 3 strong bearish day till the 0.618 fibonacci retracement of the previous leg. We can expect the price to retrace a bit for week closure, being today the last day of the week. IF the price will break and...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
Mid-Term Forecast: Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9597). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA...
Mid-Term Forecast: Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9597). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA...