Audcadlong
AUD/CAD In Range Decision ( Elite Strategy )Aud/Cad is in downtrend, sellers territory but the price is at the bottom of the range so we need to wait on breakout which could be a faker so good protection is to wait on retracement and enter on the next break if we look for sell trade. On the other hand price could climb back to the top of the range. Right now its 50/50 but we always want that odds are in our favour.
KEEP IT SIMPLE !
RISK MANAGEMENT !
DO NOT CHASE THE TRADE !
Brief analysis of AUDCAD future marketAUDCAD because of the current history of my analysis software data is not enough, it is difficult to accurately target. At present, with the brief analysis of large cycle data, AUDCAD focuses on the two positions of 0.8800-0.8650 below. After seeing a significant rise signal, AUDCAD will have a relatively obvious rise. . So at present, Australia and Canada can only refer to ideas. As the market develops, I will gradually go into the exact interval. Please pay attention.
AUDCAD 230-250 pips Swing Trade Accumulation1D - Going toward the end of Accumulation where we are staying patient for it to bounce back for a retest.
1HR - Broadening Wedge has been broken & retested. Will go short for about 20-30 pips Into the buy zone.
15Min - Retest has been respected with long wick. Another breakout should occur from the new Ascending Triangle that has formed below.
OANDA:AUDCAD
230-250pip reward
AUDCAD trade idea update on H3Plan : wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
AUDCAD trade idea on H2Plan : wait for prices to bounce off horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX