AUDCAX trade ideas
AUDCAD 2RR | 1HR TF BULLISH SETUPICMARKETS:AUDCAD seems to be on a bullish pattern on the 1 hour timeframe, it recently bounced back from the resistance which has now become support in a shorter time frame only for this trade setup, after that we will look towards shorting it, there are also high chances of monday dips at every monday so this will be a great short later as well today.
AudCad Trade IdeaAudcad is currently at a weekly resistance that was once respected before crashing back down to the daily support I have marked up. If price is gonna respect that weekly resistance I would want to to see a break and retest of the last higher low to confirm shorts for the week. If that happens I'll short the pair until price can reach daily support. We did get a daily candle closure below the weekly resistance so we'll have to see how the smaller time frames move.
Bearish Sign On Daily Timeframe?Good Day Traders,
Its been a while since our last post. We are viewing this Aussieloonie pair today. As a confirmation, we have looked at Daily Chart. Seems the candlestick is forming like bearish pattern (HARAMI).Anyhow we can only decide after Sydney Open tomorrow. For now our view is go short if the price breaks below $0.92000 and target a minimum Risk:reward 1:2. The HTF trend is still bullish.
AUDCAD - Long after filling the imbalance !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. My point of interest is price to fill the imbalance lower and then to reject from bullish order block + trendline.
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AUDCAD- Possible sell setup Liquidity Sweep:
At the top of the recent price movement, the chart indicates a "Liquidity Sweep" just above a resistance level, where stop-loss orders are likely triggered. This suggests a potential reversal zone after the liquidity grab.
Sell Limit Order:
A sell limit order is placed slightly below the liquidity sweep, indicating that the trader expects the price to reverse downward after collecting liquidity at the highs.
Stop Loss:
The stop loss is set above the high of the liquidity sweep, suggesting the trade idea assumes the price should not go higher once the liquidity is swept.
Take Profit (TP):
The take profit zone is set near a previously identified support area. The green horizontal line marks a level around 0.91233, which aligns with a Daily Time Frame Order Block (Daily TF OB). This suggests the target for the trade is for the price to drop to this support level.
Trendline:
There is a dashed trendline showing the overall upward trend before the potential reversal. If the price breaks below this trendline, it could confirm the bearish move toward the take profit zone.
The strategy here likely assumes a retracement following the liquidity sweep, with a short position targeting the support level near the daily order block.
Sell Limit : 0.92479
Stop Loss : 0.92872
Take Profit : 0.91236
AUDCAD: Bullish Stocks And Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.92150 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.92150 support and resistance area.
We would also like to consider the current bullish bias on Indices, due to the positive correlation AUDCAD can benefit from that.
Trade safe, Joe.
AUDCAD Is Bearish! Sell!
Take a look at our analysis for AUDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.924.
The above observations make me that the market will inevitably achieve 0.921 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDCAD Long! Bulls will be here all Sept!The U.S. Federal Reserve’s recent meetings and decisions on interest rates have also played a role. Traders are closely watching for any hints about future rate cuts, which could affect the strength of the U.S. dollar and, in turn, influence the AUDCAD.
Following the trend and keeping up with market news will assist with accuracy.
My Plan of Action for the remainder of September
#AUDCAD
BUY
Entry Point: 0.9250
Take Profit: 0.93525
Take Profit: 0.93600
Take Profit: 0.94015
Stop Loss: 0.92025
$antiago$olution$
AUD-CAD Short From Resistance! Sell!
Hello,Traders!
AUD-CAD went up sharply
But then hit a horizontal
Resistance of 0.9269
From where we are already
Seeing a local pullback
And we will be expecting
A further move down
Sell!
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