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Uadcad

AUDUSD | SWING - 16 Sep. 2020Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** It may continue to rise in case it does not break the resistance, it may head towards a strong drop to the blood indicated in the analysis. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice. BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD
Long
by Saeed966
8
A trading opportunity to Buy in AUDCADMidterm forecast: While the price is above the support 0.9105, beginning of uptrend is expected. We make sure when the resistance at 0.9610 breaks. If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: A peak is formed in daily chart at 0.9395 on 06/04/2019, so more losses to support(s) 0.9170 and minimum to Major Support (0.9105) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 32. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.9170 to 0.9105). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.9170) Ending of entry zone (0.9105) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.9225 TP2= @ 0.9310 TP3= @ 0.9395 TP4= @ 0.9480 TP5= @ 0.9610 TP6= @ 0.9775 TP7= @ 0.9915 TP8= @ 1.0090 TP9= @ 1.0350 TP10= Free
Long
by ForecastCity
2
USDCAD - SUPPLY & DEMAND ZONE ANALYSISHi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that should push price in my favour? (interest rates, business cycle, risk on/risk off) If all 3 are in your favour, take the trade, manage your risk and go for more than you've risked. Always remember this trade is only 1 trade in the next thousand you're going to take. Process over outcome!
Education
by leonrowe