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AUSTRALIAN DOLLAR / CAX

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AUDCAX trade ideas

Fundamentals Jan 1/8/25Reviewing Fundamentals: A Key to Mastery Reviewing the fundamentals is crucial for growth, whether you’re learning a new skill or refining an existing one. Mastering the basics gives you a solid foundation to build upon and helps avoid common mistakes. Regularly revisiting core concepts ensures you stay sharp and can adapt to more complex challenges with confidence. No matter how advanced you become, returning to the fundamentals helps clarify any gaps in your knowledge and strengthens your overall understanding. By committing to periodic review, you’ll stay on track, improve performance, and achieve long-term success.
by milesjohnson778
AUDCAD BUY OPPORTUNITY!Current Market Conditions: ** The price is currently hovering near 0.89393, close to the demand zone (yellow area: 0.89150–0.89300). ** The market is likely consolidating, as no strong bullish or bearish momentum is visible yet. Demand Zone (Support): ** The yellow zone represents a demand zone in the 1-hour timeframe. ** Buyers are expected to enter the market when the price reaches this zone, creating upward pressure. ** The price dipping into the demand zone offers a potential buy opportunity. Supply Zone (Resistance): ** The red zone around 0.89850–0.90000 represents a supply zone on the higher timeframe. ** When the price approaches this area, sellers may dominate, pushing the price lower. ** This zone can be used as the target for a long position. Predicted Price Movement: As indicated by the black arrow, the price is expected to: Move downward slightly into the demand zone. Bounce strongly from the demand zone and head toward the supply zone.
Long
by ashif030
AUDCAD Trade idea 07/01/2025Trade idea for AC: - Still bearish on Weekly and daily timeframes but 4hr seems to be doing a pullback into c0.89733 liquidity zone retesting the previous lower high. Based on the 4hr: - Looking for the next 4hr candle to close bearish below the 0.89733 area of interest where we can anticipate a break below the 4hr level of interest we couldnt break yesterday 0.89509 before continuing lower (looking for a break and retest of that level or break and continuation on lower timeframes for the entry). Shown with red arrows - Pullback to higher 4hr resistance at 0.89998 before taking sells anticipating lower lows and highs to be created down to overall target of 0.88545. Shown with black arrows Either trade will give you a 3:1 or 7:1 risk reward. Wait for the trade and look for confirmations to enter. Happy Trading
Short
by Thetraderscollective
Possible scenarios for AUDCADas can be seen on the chart the price has tried multiple times to break the resistance labeled as R1 but failed but still, it looks like there is bullish momentum and to benefit from that we have 2 choices first put a buy-stop order on the R1 and place the stop loss of 0.89549 but it is a bit risky for more confirmation of bullish trend it has to retest the R1 after breaking it and then to trade which is our 2nd choice if it goes in our way the next possible stop for the price is R2 which has also been marked
Long
by faisal-101
Analyzing AUDCAD Falling Wedge Breakout and 200+ Pips Target The forex pair AUDCAD is currently trading at 0.89700, with a target price of 0.91500, indicating an upward potential of 200+ pips. A falling wedge breakout has occurred, which is a bullish technical pattern that often signals a trend reversal or continuation of an uptrend. The breakout suggests buyers have taken control, pushing the price higher. The retesting phase has also been completed, confirming the breakout's validity and strengthening the bullish outlook. Traders often wait for retests as confirmation to enter trades with reduced risk. The target price aligns with the expected upward momentum post-breakout. With the breakout confirmed, buyers might find this setup attractive. Price action and momentum indicators should be monitored for sustained movement toward the target. Risk management is crucial, given forex volatility.
Long
by AndrewsMarket-Mastery
AUDCAD IN A SELL TRADE ATM BOTH PAIRS ARE AUCTION Week 1AUDCAD Sell Trade (Week 1) I entered a sell trade on Friday based on the following criteria: Unmitigated supply zone: A previously untested area of supply where sellers are likely to regain control. Change of Character (CHOCH): A confirmed shift from a bullish to bearish structure, signaling a potential reversal. Price is going against me but my SL zone is still at the ATR level. Fundamental Context Both AUD and CAD are currently in an auction phase, meaning price action shows indecision, with opportunities for both buy and sell trades. In this type of market, I remain flexible and open to adapting my bias as the structure evolves.
Short
by debo4samuel
AUD/CAD 4H Timeframe AnalysisAUD/CAD 4H Timeframe Analysis Trend Analysis: The AUD/CAD pair is currently in a downtrend on the 4-hour (4H) timeframe. The price broke below the minor key support at 0.8990, which has now become a minor key resistance level. After this breakout, the price retraced into this key resistance zone, where sellers stepped in, pushing the price lower. Subsequently, the price broke below the next key support at 0.8930, confirming the downward pressure. However, after this, the price made an upward move, triggering stop-loss orders from sellers. This price movement is likely to create liquidity that will be hunted as the market prepares for another potential downside move. Price Action Expectation: We are anticipating a further downward move after the recent price action. The next key event will be a break below the current minor key support level. Once the price breaks below this support, we will be looking for a selling opportunity. Trade Setup: Trade Type: Sell Stop (Breakout below minor support) Entry Price: 0.89090 (below the minor key support level) Stop Loss: 0.89710 (above the liquidity zone where sellers were stopped out) Take Profit: 0.87650 (next minor key support level) Conclusion: The AUD/CAD pair is showing a clear downtrend, and we are waiting for a confirmed break below the current minor key support at 0.89090 to initiate a short position. The stop-loss will be placed above the liquidity zone at 0.89710, with a target at the next key support level at 0.87650. This setup offers a solid risk-to-reward ratio, but traders should remain vigilant of any potential price reversals or unexpected market news. Risk Management: Maintain proper position sizing with a favorable risk-to-reward ratio of at least 1:2. Always monitor market developments, especially news from Australia and Canada, which could influence the pair's movement.
Short
by RebornFXTrader
AUDCAD / SELL possitionThe AUD/CAD sell trade involves betting that the Australian Dollar (AUD) will weaken against the Canadian Dollar (CAD). This decision might be influenced by factors like diverging interest rates, economic data, or commodity price shifts, as both currencies are sensitive to global trade and resource markets. Monitor key support levels, oil price trends (impacting CAD), and Australia's trade outlook to refine your strategy. Always manage risk with stop-loss orders to protect against unexpected market reversals.
Short
by HipiTrader