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Audcadlong

AUDCAD - Short active ✅Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect bearish price action from here as price filled the imbalance and rejected from bearish order block. Fundamental analysis: Tomorrow we have news on CAD, will be released Cash Rate, as well on Friday will be released Unemployment Rate in Canada. Important news for CAD, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
AUDCAD - Bullish Trend - 1H Time FrameBased on the chart, we can observe that it is showing higher highs (HHs) and higher lows (HLs), indicating a bullish trend. The Relative Strength Index (RSI) does not indicate any divergence currently. We will enter a long trade with a risk-to-reward ratio of 1:1. Our trade plan is as follows: Trade Long Buy Stop = 0.90807 Stop Loss = 0.90367 Lot Size = 0.25 Take Profit 1 = 0.91232 Take Profit 2 = 0.91676 Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai
AUDCAD - Bullish Trend - 1H Time FrameBased on the current price chart, it appears that the market is forming a bullish trend, as evidenced by the presence of higher highs (HHs) and higher lows (HLs). Additionally, there is currently no divergence showing on the Relative Strength Index (RSI). As a result of this analysis, we will take a long trade with a 1:1 risk/reward ratio. Trade Long Buy Stop = .90749 Stop Loss = 0.90188 Lot Size = 0.19 Take Profit 1 = 0.9131 Take Profit 2 = 0.91871 Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai