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AUDCAD H1 trading ideas

locked Przesłąno 5 Cze w #Trader's blog #Audcad #Short

Hi Traders & Friends ..
AUDCAD current rate @ 1.00882
and its about finish the correction .. its a down trend correction
and there is a hammer candle on H4
so that it good to take a short position from current rate .
ENTRY : SHORT @ current rate 1.00882
STOP LOSS : 1.01223
TARGET : by fibo 38.2 @ 1.00427
good luck

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AUDCAD H1

locked Przesłąno 12 Kwi w #Trader's blog #Audcad

hi traders and friends ..
audcad current @ 0.99553
audcad break the support level @1 , but it still valid for
long positions .. there is some scenarios :
trader X : already had a long position @1
it's good for him to add new position @ 0.9950
trader Y : have not any positions ,
he may enter @ 0.9950 .because there is hammer candlestick (H1)which make
a new support level @ 0.99257 .
About Targets :
there is two targets calculated by fibo retracment which :
first target : 1.0021
second target : 1.…

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AUD/CAD Vs Round Number

locked Przesłąno 10 Kwi w #Trader's blog #Audcad

hi traders and friends
aud/cad test a strong support area @ 0.99999 , and we had already some reversal
japanese candlestick .. technichally considers 1 , 2 , 3 ...etc it call round number which
could be a strong support or resistance .

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