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AUDCAD trade ideas

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
AUDCAD Will Go Down! Short! Please, check our technical outlook for AUDCAD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.925. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.917 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 Trade UpdateAC longs from yesterday are playing out as planned with price respecting the flip within the range. We can expect price to eventually tap back into the resistance level above. I'll personally be closing the trade once and if price can tap the alarm I have above. It's Friday, based on my trading journal for the past couple of years most of my trades don't hit targets too often. Some set ups just float in profit with no volume or I just end up getting caught in a range so to avoid all of that I'll close early. Ending another week with more than 3% secured.
Long
by OfficialJ23
AUD/CAD Bank Money Heist Plan on Bearish Side.Hello My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist AUD/CAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss 🛑: Recent Swing High using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Short
by Thief_Trader