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AUSTRALIAN DOLLAR / CAX

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AUDCAX trade ideas

Potential bullish rise off major overlap support?AUD/CAD has reacted off the pivot which has been identified as an overlap support and could rise to the 38.2% Fibonacci resistance. Pivot: 0.91639 1st Support: 0.91318 1st Resistance: 0.92061 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
SELL!!! AUDCAD IS IN A AREA DAILY INTERESTHELLO TRADERS I AM VERY INTERESTED IN SELLING THIS PAIR FOR THIS WEEK AUDCAD READY TO SELL. TECHNICAL ANALYSIS CONFLUENCES TO SELL AT THE MOMENT 1.- Bearish daily time frame 2.- 4 Hr bearish time frame 3.- we are in an area of ​​daily interest 4.- psychological number 0.92500 5.- structure change 30 M why do I like it? The price is currently in a daily interest zone that has been rejected repeatedly in the past and is being rejected at this time. The psychological psychological level 0.92500 is being respected and is strong to attract sellers at this level. We have a rejection candle on the 4-hour time frame that may bring a price reversal in this area. The 4-hour time frame has turned from bullish to bearish. I will wait for a retest of my interest zone to enter selling if my entry pattern is met in 30 minutes. If you like my idea follow me and comment, I will respond to suggestions and comments!
Short
by FxAlexisTrader
AUDCAD - 4hrs ( Sell Trade Target Range 150 PIP ) 🟢 Pair Name : AUD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Short ) Break Out Done Type : Mid Term Swing ——————————— Bearish Break 0.91650 reasons - Major Turn level - Visible Range Lvn - Fixed Hvn - Trend / Pattern Break - Low's ./ D + w Break Bullish Reversal 0.90500 Area Reasons - Major Turn level - Visible Range Hvn / Poc - Week low Area / P - Pattern Target - Fibo Golden
Short
by GoldenEngine
1
AUDCAD Short Trade SetupA short trade opportunity recently presented itself on the aussie-loonie trading chart. This is occasioned by the bearish order block which acts as a resistance zone preventing any further upward price movement, the bearish engulfing candlestick pattern just inside the bearish order block and the fair value gaps in the uptrend prior to the price reversal. The upward FVGs create a price imbalance which price will try to compensate for by moving downwards. These three confluences indicate the likelihood of a downward price movement. With an entry price of 0.92390 or thereabouts, a stop order at 0.94059 (just above the most recent swing high indicated by the pivot point at 0.93772) and a profit target (0.88618) close to the level of one of the lowest most recent swing lows (just above the bullish order block which acts as a support zone to prevent any further downward price movement), we could potentially be looking at a 2.26 RR ratio or higher. That's 166.9 PIPS risk (SL) and 377.2 PIPS target (TP). Alternatively, you could decide not to set any TP and just trail your stops to make the most out of the market. As always, please apply appropriate risk management depending upon your trading account balance, your risk appetite and other important factors.
Short
by charles-okoukoni
2
AUDCAD / H1 / SHORTAUDCAD may experience a downturn from the Bearish Order Block Bearish Order Block: 0.92801 - 0.92616 Bullish Order Block: 0.92069 - 0.91963 The price is approaching the Bearish Order Block, and based on the current market setup, there is a likelihood that AUDCAD will decline once it reaches this area. However, if the price reverses toward the Bullish Order Block, we can expect upward momentum. Let’s monitor how the price reacts after touching the Bearish OB. Entry Limit Price :- 0.92613 Take profit :- 0.92265 Stop Loss :- 0.92961
Short
by PraveenTrader1
Turtle Soup ICT concept We have a great chart Marked up.As the North American session begins, the AUD is the strongest and the CAD is the weakest. The ECB will announce its rate decision at 8:15 AM ET, with the expectation for a 25 basis point decline ECB expected to lower deposit rate by 25 basis points from 3.50% to 3.25%, with markets pricing nearly a 100% chance of this outcome. The sentiment has swayed to a cut after the ECB pattern was to cut in June, no cut in July and cut in Septembers . September PMI data was much worse than expected which started the sway. Inflation for September contributed to this dovish outlook with the headline falling to 1.8% from 2.2% and the core falling to 2.7% from 2.8% . A number of ECB members have hinted at the cut
by EZIO-FX