AUDCAD trade ideas
AUD/CAD continue with the UptrendOn AUD/CAD, it's nice to see a strong buying reaction at the price of 0.91330 and 0.91140 .
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
AUDCAD BUY SCENARIOOkay, in this week, my first pair turned out to be AUDCAD, though there is a chance to sell AUDCAD & earn atleast 50pips,
This trade was decided basing on monthly and weekly orderflow,
for buyers, take your time wait for the price to reach our targeted point in order to enter the trade
AudCad Trade IdeaAudcad is looking solid this week for some longs. There was a clean shift to the upside around 0.90600. Price ended last week with a push to the upside. I'll personally be looking for price to pullback and retest 0.90812. Looking at the daily time frame we may even see price pullback to 0.90600 before going long again. As long as price respects 0.90600 price would still be considered bullish. I'll personally be waiting on either move to happen with targets around 0.91300-400.
AUDCAD LONGM
Bullish
Consistent HH & HL,
EMA cross to upside
W
Bullish
Price above EMA (sidewards)
From PM Doji H,HL, Potential HH
to be printed
D
Pull back could have already played out at
bounce on 38.2, however if price continues
lower ill expect bounce on EMA at 0.50 Fib
Price finding support at EMA's, EMA sitting
just above 0.50 Fib
potential small gap down on Sunday open, if
price approaches 38.2 will wait for double bottom or bounce at 0.50 for Buy stop
ICMARKETS:AUDCAD
AUD_CAD WILL GO DOWN|SHORT|
✅The retest of the strong resistance level on AUD_CAD around 0.9130
Has happened after trading in a local uptrend from some time
Which makes price decrease a likely scenario
With the target being a local support below at 0.9097
SHORT🔥
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