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AUDCAD

Forex Trade Analysis - AUD/CAD (1-Hour Chart)📉 **Forex Trade Analysis - AUD/CAD (1-Hour Chart)** 📉 #AUDCAD #ForexTrading #TechnicalAnalysis #BearishTrend #ContinuationPattern Hey traders! 👋 Here's an insightful analysis of the AUD/CAD forex pair on the 1-hour chart that presents a potential trading opportunity. Let's dive in! **📈 Trend Analysis:** The AUD/CAD pair is currently exhibiting a bearish trend on the 1-hour chart. The price has been consistently moving lower, indicating a downward bias in the short term. **📊 Technical Indicators:** The Relative Strength Index (RSI) doesn't show any significant divergence at the recent lower lows (LLs). This suggests that the current downtrend might not be losing steam yet. **📐 Chart Pattern:** A bearish flag continuation pattern has emerged, reinforcing the downward momentum. This pattern is a sign of the market taking a breather before potentially resuming the ongoing downtrend. **📉 Trade Plan:** - **Sell Stop:** 0.87179 (0.51 Lots) - **Stop Loss:** 0.87376 - **Take Profit 1:** 0.86971 - **Take Profit 2:** 0.86762 **💡Trade Rationale:** Given the bearish trend, lack of divergence in RSI, and the presence of a bearish flag pattern, a short position is taken. The sell stop is placed at 0.87179 to catch a potential breakdown. **🛡️ Risk Management:** The stop loss is set at 0.87376, providing a 1:1 risk-reward ratio. This ensures that potential losses are controlled if the trade goes against the analysis. **🎯 Profit Targets:** The take profit levels are set at 0.86971 and 0.86762. These levels align with the anticipated continuation of the downtrend. **⚠️ Disclaimer:** This analysis is for educational purposes only and should not be considered as financial advice. Trading in the forex market involves risks, and past performance is not indicative of future results. Always do your research and consider seeking professional guidance before making investment decisions. Remember to stay updated with market movements and adapt your strategy as needed. Happy trading! 📊📈 #InvestWisely #TradeSmart #ForexMarketInsights #LearnAndEarn
Short
by T-Q
AUDCAD H4 | Potential bearish reversal?AUDCAD is rising towards a key resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 0.87993 Why we like it: There is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 0.88657 Why we like it: There is a pullback resistance that aligns beyond the -27.2% Fibonacci expansion level Take Profit: 0.87173 Why we like it: There is a swing-low support Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
AUDCAD H4 | Rising into resistance?AUDCAD is rising towards a key resistance and could stall around this level before potentially reversing to drop lower. Price could hit the sell entry at 0.87995 which is an overlap resistance within the bearish Ichimoku cloud. Take profit is at 0.87184 which is a swing-low that aligns with the 61.8% Fibonacci projection level. Stop loss is at 0.88674 which is an overlap resistance that aligns above the -27.2% Fibonacci expansion level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
AUD/CAD Trading Opportunity! SELL! My dear friends , My technical analysis for AUD/CAD is below: The market is trading on 0.87266 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.86830 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
USDCAD I It has broken the range and channelWelcome back! Let me know your thoughts in the comments! ** USDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
11
AUD CAD LONGRIsky Trade which is against the trend. Risk 0.5% TP1 = 1:5 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
Long
by TheBlackCapitol_