Audcadshort
Trend continuation, short AUDCAD – the week of 30 May, 2022This pair has been bearish since April. The recent retracement has been mostly corrective in nature and now price is stalling around the 0.9100 S/R area. I am looking for the opportunity to take a short targeting the next support at 0.8920.
If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications.
Always use sound money and risk management and stay patient in all your trades.
Audcad sell?Audcad has reached a monthly key level resistance, volume is decreasing as the pair struggles to push upwards at the retest.
We can confirm a bearish entry on an impulsive breakout of the LTF ascending trend line and also the intersection of the minor key level on the 4H timeframe.
This is just my idea, observe good risk management.
AUDCAD- Analysis Hello traders,
Hope you are having an amazing day and looking towards a profitable week ahead.
AUDCAD analysis shared with the ETGL group is playing out perfectly, anticipating further push to the downside before we make another rally to the highs.
Although we're approaching the end of the month, the market is likely to be more volatile than other days. However, the bias remains intact.
Looking forward to see how this trade plays out.
Good luck & happy trading.
ETGL TEAM 💛
AUD/CAD update with new entry +100 pips- This is an educational content that will give you some ideas and also teach why and how to enter a trade with pure price action
Make sure you watch the price action closely in each analysis.
Note: This analysis is not an investment advice it will only give you some ideas on the charts.