AUDCADThis is the move I am expecting AUDCAD to make, a move upward to take out the previous lower high before aiming for the higher high.
Audcadsignal
AUDCAD TRADE SETUP 4HHello traders ,
This my idea for Long. AUDCAD Once 4H Candle Retest. I am ready to Long.
this is my ideas only. what you are flow your trading statistics you can continue.
If you need more my ideas follow me
Unleashing Trade Opportunities in Ranging Markets! AUDCAD📊 In this analysis, we dissect the AUDCAD currency pair, meticulously exploring its behavior on the 1D, 4H and 30m time frames. Brace yourself for insights into range-bound dynamics! 🎯
🔍 Key Takeaways:
💹 1: Learn how to spot breakouts when the market defies its established structure.
💹 2: Discover actionable strategies for capitalising on range-bound conditions.
Remember, this content is for educational purposes only—always make independent trading decisions based on your risk management strategy.
Bearish Reversal Insight AUDCAD Technical Analysis & Trade SetupThe AUDCAD currency pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), indicating a potential bearish reversal. Point D, the Potential Reversal Zone (PRZ), is aligned with a key resistance area and intersects a daily trend line, providing a strong confluence for a bearish bias.
Potential Reversal Zone (PRZ) and Key Resistance:
Point D is identified as a critical area where the price is likely to reverse. This zone is reinforced by a key resistance level, adding validity to the bearish outlook. The intersection with the daily trend line further strengthens the likelihood of a trend reversal from this point.
Entry Strategy:
To capitalize on the expected trend reversal, the entry should be made at the breakout of the support level near 0.90450. This level is crucial as a confirmed breakout here would signal the start of a bearish trend.
Stop Loss Placement:
A stop loss should be placed above the resistance level at 0.91400. This placement ensures protection against potential false breakouts and market volatility.
Take Profit Targets:
The take profit targets for this trade are as follows:
TP-1: 0.89500
TP-2: 0.88550
TP-3: 0.87600
These targets are strategically set at significant support levels to maximize gains while managing risk effectively.
Conclusion:
The formation of the Bearish Butterfly Harmonic Pattern, combined with the confluence of the PRZ, key resistance area, and daily trend line, presents a compelling bearish setup for AUDCAD. By entering at the support breakout, setting a prudent stop loss, and targeting key support levels, this trade offers a favorable risk-reward profile for traders.
DeGRAM | AUDCAD decline from the retracement levelAUDCAD is moving in a descending channel between the trend lines.
The price reached the upper boundary of the channel and the resistance level coinciding with the 62% retracement level of the last bearish impulse, and afterwards the chart dropped below the dynamic resistance.
The last pullback from the upper boundary of the channel was larger than the previous one, which also indicates that the sellers are getting stronger.
We expect a decline.
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AUDCAD Bearish Harmonic Pattern - Strategic Trade SetupThe AUDCAD pair is currently exhibiting a Bearish Harmonic Pattern (XABCD), with Point D anticipated to act as a Potential Reversal Zone (PRZ). This analysis aims to identify strategic entry and exit points based on the confluence of multiple technical indicators.
Key Technical Indicators
Potential Reversal Zone (PRZ):
Point D aligns with a significant Key Resistance area, which historically serves as a strong barrier to upward price movement.
4-hour Trend Line:
The trend line, which has acted as a pivotal point in previous market movements, intersects at Point D, reinforcing the likelihood of a reversal.
Bearish RSI Divergence (1-hour):
The Relative Strength Index (RSI) on the 1-hour chart displays a bearish divergence, suggesting weakening bullish momentum and potential for a bearish reversal.
Trade Setup
Entry Point:
A strategic entry is recommended at 0.91113, where the confluence of the aforementioned technical factors indicates a high probability of a trend reversal.
Stop Loss:
To mitigate risk, a stop loss should be placed at 0.91261, slightly above the resistance level to avoid false breakouts.
Take Profit Levels:
TP-1: 0.90964
The first take profit level is set at 0.90964, capturing initial downward momentum and ensuring partial profit realization.
TP-2: 0.90816
The second take profit level at 0.90816 aims to capitalize on further bearish movement, aligning with intermediate support zones.
TP-3: 0.90668
The final take profit target at 0.90668 corresponds to a more significant support level, maximizing potential gains from the bearish trend reversal.
Conclusion:
Based on the technical analysis, the AUDCAD pair presents a compelling bearish setup with multiple converging indicators at Point D. The proposed entry at 0.91113, supported by a precise stop loss and structured take profit levels, offers a well-balanced risk-reward ratio. Traders are advised to monitor price action closely as it approaches the PRZ to confirm bearish momentum before executing the trade.
AUDCAD analysisIn case of failure, the sales transaction range will be activated! Please be careful!
AUDCAD Technical Analysis and Trade IdeaThe AUDCAD has been in a strong bullish trend as evident on the daily time frame. We are looking for a trend continuation opportunity if price action plays out as described in the video. Throughout the video we discuss the trend, price action, market structure and other important aspects of technical analysis, and we look at a potential trade idea.
Remember, trading involves risks, so always manage your risk carefully. And keep in mind that this information is for educational purposes only—it’s not financial advice. 📈👍
AUDCAD:🔴Bearish scenario...!🔴
Hello Traders
As you can see the price purged the daily buy-side liquidity and then the market structure was shifted on the hourly chart.
Now the price is inside a range, creating the double purge scenario for us.
If the price sweeps the buy side liquidity first, it is a chance to enter the sell position with LTF confirmation.
💡Wait for the update!
🗓️10/05/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
AUDCAD : Short Trade , 4hHello traders, we want to check the AUDCAD chart. The price has reached the specified resistance level after an upward movement. We expect this level to stop the upward trend of the price and the price will fall to around 0.89800. Good luck
AUDCAD Short Trade Setup A #short trade opportunity recently presented itself on the #aussieloonie (#AUDCAD) #trading chart 📉.
This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.90717 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 0.88500 psychological level and possibly testing the strength of the 0.88046 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
DeGRAM | AUDCAD continue to reboundAUDCAD is moving in an ascending channel.
The chart has broken the trend line and now it acts as a dynamic support.
After touching the dynamic support, the price has twice formed a bullish takeover.
We expect the rebound to continue.
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DeGRAM | AUDCAD rebound from the retracement levelAUDCAD in the ascending channel between the trend lines.
The chart has reached the dynamic support.
The price held above the support level coinciding with the 50% retracement level.
We expect the rebound to continue.
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#AUDCAD: 300+ PIPS A GREAT BUYING OPPORTUNITY. Dear Traders,
Tonight due to news price took out the sell side liquidity, price rebounded from key level and currently looking at our price going up towards our target. Use proper risk management.
Good Luck.
AUDCAD Trade Alert - Bearish Setup at Key Support Breakout.Bearish Trendline at 4-Hour Time Frame:
AUDCAD has been following a bearish trendline in the 4-hour time frame, indicating a prevailing downward momentum in the market.
Observation of Dow Theory:
Additionally, the market has been adhering to the principles of Dow Theory, reinforcing the bearish sentiment.
Retracement and Rejection:
A retracement up to the 0.5 Fibonacci level was observed, followed by a clear downward rejection, suggesting strong selling pressure at higher levels.
Current Position at Key Support Zone:
Presently, the price is hovering around a critical support zone, signifying a pivotal area where significant price action is anticipated.
Trade Setup:
We anticipate a continuation of the bearish move if the price breaks below this key support level.
Entry Strategy:
A prudent entry point for short positions is identified near 0.88863, aligning with the bearish outlook.
Risk Management:
To mitigate potential losses, a Stop Loss is recommended near 0.89279, providing a buffer against adverse price movements.
Profit Targets:
Our profit-taking strategy involves targeting TP-1 at 0.8450 and TP-2 at 0.88030, reflecting our expectation of downward price movement.
Conclusion:
In conclusion, based on the technical analysis of AUDCAD, we anticipate further downside potential, with a well-defined entry point, risk management, and profit-taking levels in place to optimize trading outcomes.
AUDCAD Trade IdeaIn this video, we delve into a comprehensive technical analysis and trading concept for AUDCAD. Our assessment reveals a potential trade opportunity. We meticulously analyze the current price action, closely scrutinize market structure, and incorporate market dynamics. Based on favorable conditions, we identify a potential entry point. However, it is crucial to underscore the significance of implementing robust risk management strategies. Please note that this video is purely educational and should not be construed as financial advice.
AUDCAD : Short Trade , 4hHello traders, we want to check the AUDCAD chart. The price is moving in an ascending channel and we expect the identified resistance level, which the price has reacted to several times in the past, to stop the upward trend and the price to fall to around 0.89000. Good luck.
AUDCAD I Potential intraday long Welcome back! Let me know your thoughts in the comments!
** AUDCAD 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.
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AUD/CAD - Short Opportunity Near Key ResistanceOverview:
AUD/CAD is nearing a critical resistance at 0.88450, suggesting a potential downward move.
Key Levels:
- Resistance: 0.88450
- Stop Loss: 0.88850
- Take Profit Targets:
- TP-1: 0.88050
- TP-2: 0.87700
Analysis:
- Bearish Bias: The probability of downward movement is high.
- Entry: Consider short positions on a re-test of 0.88450.
- Stop-Loss: Place at 0.88850 to manage risk.
- Take Profit: TP-1 at 0.88050, TP-2 at 0.87700.
Conclusion:
AUD/CAD shows potential for a bearish trend. Short positions can be taken near 0.88450 with a stop loss at 0.88850 and profit targets at 0.88050 and 0.87700. Trading carries risks; conduct a thorough analysis and employ proper risk management.
DeGRAM | AUDCAD trend-continuation tradeAUDCAD made a sharp, bearish move and pulled back. It couldn't reach the highs.
The market is making low lows and lower closes in the descending channel.
Price action is likely to move down from the kill zone and complete the AB=CD pattern.
We expect a trend-continuation trade since we have a bearish trend in the descending channel.
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AUDCAD→ Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . AUDCAD long
! Great BUY opportunity AUDCAD
I still did my best and this is the most likely count for me at the moment.
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Patience is the If You Have Any Question, Feel Free To Ask 🤗
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DeGRAM | AUDCAD breaking the ascending channelAUDCAD is currently pulling back to the broken ascending channel's border.
The market is creating a potential H&S pattern following a breakout.
Price action is likely to move down from the kill zone zone.
We expect a sharp move from the resistance level at 0.88500.
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AUDCAD: Big Buying Opportunity, Do not miss out! AUDCAD has shown extreme bullish price action, currently we are seeing some correction and price is likely to drop to our region and bounce straight up from that area of entry. Possible helping us gain 300-500 pips from the move. Use accurate stop loss and take profit.
