Trade idea - AUDCAD Long4H
Bullish impulse: indication.
Pattern within pattern: confirmation.
Inverse Head & Shoulders pattern + Bullish Fake Out flag pattern.
Clear support & resistance zone is there.
-68 Fibonacci completion aligning with entry zone.
Corrective approach towards entry zone.
= Buy limit.
1% risk.
RBA Gov Bullock speaks at 1.30 AM. Be aware.
AUDCAD
AUDCAD Potential breakout to do downsideAUDUSD is making higher highs on the 1-hour chart, but it's important to observe that bullish momentum seems to be waning, with the slope of the upward movement beginning to flatten. As the market approaches the weekly resistance, the upper boundary of the channel, and the key psychological level at 0.9100, close attention should be paid to how the price reacts in this area. Since the price has previously rebounded from this zone, a retest of the support level is likely, especially given that the daily timeframe indicates the market has reached a critical resistance point. If a rejection candle forms, it could signal a reversal or a deeper correction. The potential target is the support level at 0.90320
AUDCAD Will Collapse! SELL!
My dear followers,
I analysed this chart on AUDCAD and concluded the following:
The market is trading on 0.9082 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9016
Safe Stop Loss - 0.9125
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Bullish reversal?AUD/CAD is falling towards the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.90606
Why we like it:
There is a pullback support level which aligns with the 23.6% Fibonacci retracement.
Stop loss: 0.90024
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.91480
Why we like it:
There is an overlap resistance level which is slightly above the 138.2% Fibonacci extension.
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.
audcadhello everyone..
aud making strong move against cad.. price in weekly is close to 200ma, with rsi above 50.. so for long term price will remain bullish... daily broke the resistance 0.902... it may pull back for correction.. other than that the price target is 0.95 if price remain bullish
good luck
Clear Chance To Buy AUD/CAD And Get 200 Pips , Ready ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUD_CAD BULLISH BREAKOUT|LONG|
✅AUD_CAD is trading in an
Uptrend and the pair broke
The key horizontal level
Of 0.9060 which is now a
Support and the breakout
Is confirmed so we are
Bullish biased and we will
Be expecting a further
Bullish continuation
LONG🚀
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AUDCAD Bank Robbery Plan on Bullish DirectionMy Dear Robbers / Traders,
This is our master plan to Heist AUDCAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: 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.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis 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
AUDCAD - 4hrs ( sell Trade Target range 180 PIP ) Pair Name : AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break
0.90150 Area
Reasons
- Monthly Major Level
- Visible Range Lvn
- pattern Retest
- daily Hvn / Choch
- Fibo Golden Zone
- Quarter's Area
Bullish Reversal
0.88300 Area
Reasons
- Major Turn level / Month
- Major Triangle Pattern
- Choch / Bullish
- inner Counter
- Fibo Golden Zone
- Month High
- Day High + week Break
AUDCAD Short Opportunity Overall Trend:
The price is in a downtrend, indicated by the sequence of lower highs and lower lows.
Moving Averages:
The 50-period Simple Moving Average (SMA) (red line) is above the current price, suggesting bearish momentum.
The 200-period SMA (blue line) is also above the current price, reinforcing the bearish trend.
Bearish Wedge:
The price broke down from a rising wedge pattern, indicating a potential continuation of the downtrend.
Bearish drop?AUD/CAD is rising towards te pivot nd could could reverse to the pullback support.
Pivot: 0.90381
1st Support: -.89057
1st Resistance: 0.90834
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.
AUDCAD | Hidden Bearish Divergence
The AUDCAD chart shows the formation of a Hidden Bearish Divergence, indicating that the current uptrend may soon reverse into a downtrend. Additionally, there is high-impact CAD news today with the release of the CPI data.
On the chart, there is also the formation of parallel channels. We expect these channels to break soon, supported by the confirmation of the Hidden Bearish Divergence.
In summary:
1: Hidden Bearish Divergence: Indicates a potential reversal from an uptrend to a downtrend.
2: High-Impact CAD News: The release of CPI data today could significantly influence the price.
3: Parallel Channels: The chart shows parallel channels, and a breakout is anticipated soon.
These factors together suggest a potential shift in the trend, but it's crucial to monitor the news and conduct thorough analysis before making any trading decisions.
Picture perfect setup on AudCadfirstly we had an fvg from monthly chart where jul month candle has retested it
on the following lower time frames we can se price first trapped the early long players and came upto the mid line of fvg
the three candle as red impulse to down side then a doji followed by green big bar is sight indication of long build up
if so,
the current running candle can retest the doji candle high where we can put the buy order and recent low as our stop loss strictly
0.9800 >> 0.9115 >> 0.953
could be the potential target
AUDCAD: Curve Analysis (12H)SUMMARY
In general, although there could be temporary buying interest due to specific moving averages and the VWMA, the prevalence of sell signals from longer-term averages indicates a significant bearish sentiment for the AUDCAD pair.
FUNDAMENTALLY
There could be a possibility of downward pressure on the AUDCAD pair as the CAD weakens and the AUD potentially weakens due to the overall strength of the USD. The Canadian economy could face some challenges due to the drop in oil prices, given its significant role as an oil exporter. This could potentially lead to a further weakening of the CAD. There is a possibility of a decline in the AUDCAD exchange rate in the coming days.
TECHNICALLY
The technical indicators for AUDCAD are providing conflicting signals, with certain indicators suggesting a bearish signal while others are pointing towards a bullish signal. Most indicators are currently neutral, indicating a slight bearish bias for AUDCAD . The moving averages for AUDCAD are indicating bearish signals, as the short-term moving averages (10, 20, 30) are showing a mix of buy and sell signals. On the other hand, the longer-term averages indicate a sell, which implies that there may be temporary buying pressure. The mid-term moving averages (50, 100) are suggesting a sell, which points to a more pronounced downward trend in the AUDCAD price. Long-term moving averages (200) also indicate a sell, which supports the idea of a continued downtrend.
Additional factors to take into account are the current status of the Ichimoku Base Line, which is currently in a neutral state and does not offer a clear indication of market direction, and the Volume Weighted Moving Average (VWMA), which indicates a buying opportunity, implying some underlying buying pressure.
Bearish reversal?AUD/CAD is rising towards the resistance level, a pullback resistance that lines up with the 38.2% Fibonacci retracement and could potentially reverse from this level to our take profit.
Entry: 0.90924
Why we like it:
A pullback resistance level lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.91278
Why we like it:
There is a pullback resistance level.
Take profit: 0.90298
Why we like it:
There is a pullback support level.
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.