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Audcadanalysis

Trend continuation, short AUDCAD – the week of 30 May, 2022This pair has been bearish since April. The recent retracement has been mostly corrective in nature and now price is stalling around the 0.9100 S/R area. I am looking for the opportunity to take a short targeting the next support at 0.8920. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management and stay patient in all your trades.
Short
by Trading_Vista
AUDCAD- Analysis Hello traders, Hope you are having an amazing day and looking towards a profitable week ahead. AUDCAD analysis shared with the ETGL group is playing out perfectly, anticipating further push to the downside before we make another rally to the highs. Although we're approaching the end of the month, the market is likely to be more volatile than other days. However, the bias remains intact. Looking forward to see how this trade plays out. Good luck & happy trading. ETGL TEAM 💛
by Eleventgl
AUDCAD - Waiting for the LONGAUDCAD has been very kind to us in the past and is now setting up for another gift. The Weekly has approached a double bottom and there is a little buying activity. However, we can see from our extensions (green and purple) that a move lower is possible. Price action has smashed through the 1.272 and so we expect it to reach the 1.618 or even the 2. Keep an eye on this, we may see a bear flag or two along the way. It may be a little early but we are setting up.......
Long
by enzenator
AUDCAD | Perspective for the new weekAUDCAD has straddled a 6.8% price corridor since the start of the year, giving us, at first sight, a bearish bias considering the bearish trendline identified on the daily timeframe. However, the appearance of a reversal structure and breakout out of structure signal on the 4H timeframe; the possibility that price might break out of the bearish trend line the second time to set the tone for a bullish momentum in the coming week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
AUDCAD LONGAUDCAD bounced on the trend line (2nd time) of the major Descending channel in the 4-hour timeframe chart. we expecting the pair to retest the key levels listed on the chart. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (GREEN LINE) (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Long
by Pro-Trading-Africa