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Audcadidea

AUDCAD Trading Plan - 7/Feb/2023Hello Traders, Hope you all are doing good!! I expect AUDCAD to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
DeGRAM | AUDCAD target for longAUDCAD is currently trading in an ascending channel. The market pulled back to the support level, which is the confluence zone . Notice, price action approached the level by printing small candles with deceleration, indicating that there's no strength.  Price action is likely to pullback to the support level and go up if price makes a false break. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
10
AUDCAD LongDear friends, Here comes another analysis for the future trade. Right now, the price is taking the trendline support to make a move upward. But the trendline has been tested multiple times. From my point of view, it looks like it will break. After breaking in the downward direction, price will test the range from 0.90270 to 0.89550 (Aggressive entry) if it is a normal selling pressure. If selling pressure is high, then the price will again make a move of another 0.00500pts in the downward direction to test the price at 0.89100 (Conservative entry). A good force of touch to this point it will make a move to go upside. But the only problem is the trend will be in the downside and the Algo traders will enter against the bulls to force the rally. Tests patience. Makes us sell. Then finally stocks go up. But it is wise to follow your risk management before taking entry. I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways. Thanks & Regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market". OANDA:AUDCAD
Long
by AlphaTradingStation