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Audcadsetup

AUDCAD I Potential intraday short from top of the channel Welcome back! Let me know your thoughts in the comments! ** AUDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
7
AUDCAD,🟢Bullish scenarios🟢 (Read the caption) Well, the price reached the extreme demand zone in the daily chart. As you can see the price created the liquidity pool above the demand zone and had a bullish reaction after sweeping the liquidity and hitting the demand zone. Now, we can expect two different scenarios for uptrend. 1. The price can start rising from here because it hit an important level and had a bullish reaction. 2. The price can re-test the lower demand zone that is clear and untouched. In both scenarios, we can define the previous high as a first target and the liquidity above equal highs as a final target. 💡Wait for the update! 🗓️31/01/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
AUDCAD Trade IdeaThe AUDCAD pair has reached a critical support level, marked by this horizontal line on our chart that corresponds to a previous daily open/close. The price is clearly overextended and we expect a correction soon. A potential trade setup may arise later today when the Canadian GDP data is announced. If the data is positive for the CAD, this could offer a good sell opportunity. We are eagerly awaiting this news release. Please note that this is only a trade idea and not a trade recommendation, the information is for educational purposes only and should not be considered as financial advice.
Short
by fxtraderanthony
7 Dimension Analysis for AUDCAD 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive 🟢 Inducement: Done 🟢 Internal Structure: Also bullish 🟢 Decisional FVG liquidity: Mitigated, Making a prebreak out Buildup 🟢 Traps: Fakeout done at the top, grabbed all the swing liquidity from lower side 2️⃣ Pattern 🟢 CHART PATTERNS: Continuation Ascending Triangle 🟢 CANDLE PATTERNS: This is a consolidation area; no valid candle pattern is observed. We will check our candle patterns at the breakout or market opening 3️⃣ Volume 🟢 We need a deep observation of volume on the breakout 🟢 less than the previous move 4️⃣ Momentum RSI 🟢 Zone: Sideways 🟢 Range shift: Bullish to sideways 🟢 Divergence: A bearish divergence is here, but it's weak 5️⃣ Volatility Bollinger Bands 🟢 High level of contraction 🟢 Various Band Punchers on the upper band, but they don't follow up the signal 6️⃣ Strength According to ROC 🟢 Values: AUD is 7.01 vs CAD 3.02 7️⃣ Sentiment When we mix up all the parameters, there is a high chance the price can go up during the coming sessions, so we need to seek buy entries during the week ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Sideways as internal ☑️ Current move: Impulsive sideways ✔ Support resistance base: Fixed range volume POI ☑️ Candles Behavior: Nothing is clear 💡 Decision: We need to wait for the price to break the upper level or come downside to our POI area, then we can buy this pair 🚀 Entry: 0.8980 ✋ Stop Loss: 0.8925 🎯 Take Profit: 0.9150 2nd If Internal Structure changes also Exit 3rd Trendline Breakout, Fomo 😊 Risk to Reward Ratio: 3.1 🕛 Expected Duration: 7 days SUMMARY: The analysis indicates a bullish stance with a well-defined structure and pattern, though the candle patterns are not clear at the moment. The decision suggests waiting for a breakout or a move to the POI area for a buy entry, considering potential internal structure changes and trendline breakouts.
Long
by Optimum369
2
Reeling in Profits: A Comprehensive Guide to Short AUDCAD🚩 New Signal Notification - Swing Trade 📣 Attention Traders! 📈🔍 🔹 AUDCAD, Short when Pullback to Supply Zone 🔹 📊 Here are the key points for a potential trading opportunity in AUDCAD: 🔹 AUDCAD, 8H, ICT Short setup🔹 From our AI screener, we found CAD in Daily chart timeframe is going to Strong side right after the BoC Interest Rate Decision on 6th Dec, 2023 which made CAD pairs got 8H ICT, Short setup. Here we bring you a great chance to watch and earn! The Bank of Canada (BOC) has decided to keep the interest rate at 5% for the third consecutive decision, as expected. The short-term interest rates are the primary factor in currency valuation, and a higher than expected rate is positive/bullish for the CAD, while a lower than expected rate is negative/bearish for the CAD. The BOC’s tone of the statement hints that there will be no rate hikes in the near future. So, if you’re planning to invest in CAD, this is a good time to do so! 💰💸 TA: By simple ICT setup, we found there is a ICT Short setup in timeframe 8H. Last week, 8H bar highs were rejected from the fair very gap (FVG) and formed a Lower High Our idea to the next support levels below as shown. AUDCAD is one of our focus this week, Only Short strategy, may be landing slowly to the support levels Target 1↘️ 0.8879 Target 2↘️ 0.8815 Target 3↘️ 0.8752 🔔Short entry near this Supply Zone: 0.8960 to 0.8945 Keep a close eye on these levels and trends in AUDCAD for potential trading opportunities. Remember to manage your risk and trade responsibly! ✅ Stay tuned for more updates and analysis. Happy trading! 🚀💰
Short
by ICT_Trader_SB
1
AUDCAD Long Term BUYING Trading IdeaHello Traders In This Chart AUDCAD DAILY Forex Forecast By FOREX PLANET today AUDCAD analysis 👆 🟢This Chart includes_ (AUDCAD market update) 🟢What is The Next Opportunity on AUDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
2
AUDCAD is approaching midpoint bullish run expectedAUDCAD is falling towards midlevel 50% Fibonacci level, AUD weakness after the RBA interest rate hike with dovish statement which led to the downfall in AUDCAD and yesterday USD strength is also a another factor for the downward correction in AUDCAD. If risk trades getting traction this pair will bounce from .87450 level the possible upper side target will be .89000. Stop lose may set below the .87000 level will give us 3.88 Risk reward ratio. Happy trading
Long
by forexorbit
7