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AUDCAD sags under the pressure of the Canadian dollar
AUDCAD sags under the pressure of the Canadian dollar
The Canadian dollar has strengthened strongly in recent days. Quotes of many currency pairs that are traded with the Canadian dollar have sharply changed the direction of price movement. Now the first strong Eliot wave is visible on the chart. We will go short if the price falls below the fractal at 0.9058.
Symbol: AUDCAD
Order Type: Pending Order - Sell Stop
Entry Price at 0.9055
Take Profit at 0.9020
Pips Earning: 30
Forex trade strategy for major currency pairs:
EURUSD buy at the price of 1.1355
USDJPY buy at the price of 115.50
GBPUSD buy at the price of 1.3600
USDCHF buy at the price of 0.9275
Trade recommendation result.
Tips for trading currency pair
The profit can be $275.59 if the trading volume of 100000 AUD (1 Lot).
The profit can be $275.59 if the trading volume of 100000 AUD (1 Lot).
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