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Australian Dollar/Canadian Dollar

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AUDCAD trade ideas

AudCad Trade IdeaAudCad has been bearish for some time now. Price is currently at a higher time frame LL. If price can shift bearish on the smaller time frame then it would mean price is respecting the retest and will continue pushing to the downside. I'll personally be looking for a 1:3rr on this set up if the set up plays out as planned. I'll go long on the pair if price manages to push back above the higher time frame LL with smaller time frame bullish structures to support.
Short
by OfficialJ23
Potential bullish reversal?AUD/CAD has reacted off the pivot which has been identified as an overlap support and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 0.91121 1st Support: 0.90666 1st Resistance: 0.91547 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
AUDCAD On The Rise! BUY! My dear subscribers, AUDCAD looks like it will make a good move, and here are the details: The market is trading on 0.9117 pivot level. Bias - Bullish My Stop Loss - 0.9084 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.9177 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Lingrid | AUDCAD sideways Price ACTION. Potential SHORTThe price perfectly fulfilled my last idea. It hit the target level. FX:AUDCAD created a lower high and formed a double bottom. Overall, the trend appears to be moving sideways on the 4H timeframe. I believe the market is forming a descending triangle pattern, which suggests that the double bottom may be retested. I expect the market to move higher toward the resistance zone that has been respected multiple times before, and potentially take liquidity above the psychological level at 0.92000 before moving downward. My goal is support zone around 0.91590 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
3