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Audcadlong

AUDCAD BUY- 70+ pips? Once again with my favourite strategy, we have spotted a potential appreciation of AUDCAD: • 3 MA's cross inside the bullish candlestick . • RSI crosses from under 50 to over 50 in the candlestick where the 3 MA's touch. • All while the Ichimoku convergence line crosses the base line during that candlestick . • Additionally, negative MACD decreasing, looking like it is reversing, with the fast EMA drifting away from the slow EMA . • Only factor that does not go in our favour here is the fact that we are opening a long under the ichimoku cloud. We could expect AUDCAD to appreciate over the next 7-8 hours. My entry: 0.89744 TP1: 0.9010 TP2: 0.9045 SL: 0.8918 This is my view, do share your insights!
Long
by mbarbar
2
AUD/CAD Possible long incoming (+105 PIPS) If the 22/08 candlestick closes with the 3 MA's crossing in it, I will be looking to open a buy position on AUD/CAD. I will first wait for the 23/08 candlestick to close above 0.889. If we see this scenario happen, we can look at the pair from a bullish perspective, with the RSI crossing the 50 threshold, the candlestick closing above the ichimoku cloud, all while the convergence line is floating above the base line. TP1= 0.906 TP2= 0.911 SL= 0.891 This is my personal TA, please do share your insights!
Long
by mbarbar
2