AUD CAD | CRAZY RISK TO REWARDThis pair is ranging now for 1 Month, I expect some CAD strength in the next time and maybe this pair is able to make new yearly lows.
But at first I expect a move around 100 Pips down to support again!
AUD pairs run a bit slower but that should most of you know!
Also nice Wick Rejection at our resistance!
SL is Placed over the highest wick about 15 Pips.
Reward for this trade are around 100 Pips, so we nearly have a Risk to Reward of 1:7!
Audcadsetup
AUDCAD ShortExpected to drop down to 0.89307
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AUDCAD TRADE FOR - TODAYFREE ANALYSIS ON AUDCAD
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15 Min
Expecting More downside on AUDCAD. Should test the broken trend-line at around .89864 and we should see More downside after that. watch-out for the buy also if it breaks up.
AUDCAD potential reversal!
AUDCAD expected to rise up to 1st resistance at 0.90736 where it could potentially react off and drop down to 1st support at 0.89994.
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AUDCAD to climb from upside confirmation, potential bounce!
AUDCAD to climb from its upside confirmation at 0.90226 where it could potentially bounce further to 0.90723.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD approaching support, potential for a bounce!
AUDCAD is expected to drop to 1st support at 0.68914 where it could potentially react off and up to 1st resistance at 0.69448.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.