Get started

Audcadshort

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
AUDCAD 4H Entry Short PositionHey guys! its your girl Forex Potatoe on the charts again and here is a breakdown of my analysis for AUDCAD. AUDCAD has been in a prolonged downtrend for a long time coming, Weekly and Daily Timeframe is currently in a downtrend with 4H in an uptrend. Since the longer term timeframe is downtrend and 4H in an uptrend(apparently having a pull back). We would be interested in taking a short position, therefore 4H timeframe has to correlate with Weekly and Daily Timeframe, we would have to wait for the break of the last low on 4H and a retest to enter a Sell position Kindly follow me and tell me what you think about this analysis so far.
Short
by ForexPotatoe
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
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