CAD Pairs - Page 30 - MyTradingLand.com

@godspowerdan - 16 minutes ago

AUDCAD is showing a similar price-action narrative to AUDUSD. The retracement leg is bullish, and price is still protecting the lows. I want to see price reach the 0.97682 key level and begin printing strong highs before I consider joining the sellers. Patience first, execution second.

I am not interested in chasing AUDCAD lower. Price is currently retracing bullishly, so I want to see it trade into the 0.97682 area, show signs of rejection, and establish strong highs. That will give me the confirmation I need to look for sells towards 0.97000.

@asuquokelvin @nsg_usd

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@godspowerdan - 15 minutes ago

Quoted - godspowerdan

I am not interested in chasing AUDCAD lower. Price is currently retracing bullishly, so I want to see it trade into the 0.97682 area, show signs of rejection, and establish strong highs. That will give me the confirmation I need to look for sells towards 0.97000.

AUDCAD is presenting a retracement that resembles what I am seeing on AUDUSD. The important thing is not to mistake a bullish pullback for a full trend reversal. I am watching the 0.97682 level for a reaction and waiting for bearish confirmation before taking a position.

@asuquokelvin @nsg_usd

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@godspowerdan - 14 minutes ago

Quoted - godspowerdan

AUDCAD is presenting a retracement that resembles what I am seeing on AUDUSD. The important thing is not to mistake a bullish pullback for a full trend reversal. I am watching the 0.97682 level for a reaction and waiting for bearish confirmation before taking a position.

My AUDCAD sell idea is conditional. I want price to reach the key level around 0.97682 and demonstrate that buyers are losing control. Once strong highs begin to form and the bearish structure becomes clear, I can look for an opportunity to target 0.97000.

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@godspowerdan - 13 minutes ago

Quoted - godspowerdan

My AUDCAD sell idea is conditional. I want price to reach the key level around 0.97682 and demonstrate that buyers are losing control. Once strong highs begin to form and the bearish structure becomes clear, I can look for an opportunity to target 0.97000.

I already have my area of interest on AUDCAD. The retracement is bullish, but I am not rushing into a sell. I want price to reach the key level, show clear bearish intent, and give me a structured entry. My objective is to join the sellers only when the conditions align.

@asuquokelvin @nsg_usd

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