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AUSTRALIAN DOLLAR / CAX

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AUDCAX trade ideas

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.
Short
by OfficialJ23
1
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
Short
by factoryforex01
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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
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$
Long
by SantiagoSolutions
AUD/CAD - Trade Call On Daily time frame there is still room to go further bullish; however, on 4h time frame Bearish Divergence has formed on RSI. Therefore, now either the price will retrace a bit to support level and then continue upward trend or it will break the support and go bearish. I have drawn Bearish Reversal Butterfly Harmonic pattern. If price chart follows that then LONG trade is ON. Otherwise, SHORT trade can be taken on breaking previous HL. Trade value are: LONG Buy Trade Call Entry : instant 0.92096 SL: 0.91834 TP: 0.92500 TP2: 0.93000 ------- SHORT Sell Trade Entry : Sell Stop: 091765 SL: 0.91978 TP1: 0.91400 TP2:0.91200
by Golden_Spur
AUDCAD Will Fall! Short! Take a look at our analysis for AUDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.918. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.915 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1