AUDCAD SELLING OPPORTUNITY.1D TF broke structure to the downside . my bias is bearish now . looking for price to retrace to my entry point.
AUDCAD trade ideas
AUD-CAD Will Fall! Sell!
Hello,Traders!
AUD-CAD made a retest
Of the key horizontal
Resistance level of 0.9000
From where we are
Already seeing a bearish
Reaction and we will
Be expecting a
Further bearish move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
audcadits in range currently and im betting on break out. so putting my entries above R2 and below S2
AUDCAD BUYSlongs are looking promising for audcad and we might be going long because of this wonderful setup, as we could see in the past that this pair respects market structure so brace yourself
AUDCAD 15/12/2024Weekly:
-Liquidity grab from previous order flow leg.
-Liquidity grab from prevous week low.
Daily:
-Next PD array could be the daily high.
-Price found support at the FVA from the last bearish leg.
4H:
-Order flow leg.
-Previous FVA acting as support.
-Bullish M pattern.
-IC.
NICE FVG he Canadian dollar hit a 4-1/2-year low against its U.S. counterpart on Friday as investors worried about a potential trade war between the United States and Canada and dialed back bets on Federal Reserve interest rate cuts in 2025.
The loonie was trading 0.1% lower at 1.4230 per U.S. dollar, or 70.27 U.S. cents, after touching its weakest intraday level since April 2020 at 1.4244.
For the week, the currency was down 0.5%, its third straight weekly decline.
Recent reports that Canada was considering tit-for-tat retaliatory tariffs if U.S. President-elect Donald Trump carries out his threat to tax Canadian imports have given traders another reason to bet against the loonie, said Amo Sahota, director at Klarity FX in San Francisco.
"It could be a long wait until the U.S. presidential inauguration to see how determined Trump is to begin his second term with a full trade war," Sahota said.
Bullish on AUDCADAlthough price has been seen selling but I believe these are just deep retracement and price is set to continue it bullish move .
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.91000 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.91000 support and resistance area.
Trade safe, Joe.
Bearish drop?AUD/CAD has reacted off the pivot which is an overlap resistance and could drop to the 1st support that is a pullback support.
Pivot: 0.90737
1st Support: 0.90129
1st Resistance: 0.91297
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.
69R Long Trade AUDCADExpecting a big move up on AUDCAD to take course over the period of several months to a few years.
Long term trade
154R AUDCADExpecting CAD weakness.
The weekly structure is bullish on AUDCAD so I am therefore expecting a continuation up after a multi-year long consolidation.
The trade on the lower timeframe targets an entry at an imbalance below some equal lows which could be an area where the market is drawn towards first.
66R AUDCAD LongLast trade here was stopped out but now a proper consolidation pattern has formed which increased the chances of this working.
25% chance of success.
Audcad swingLooking at weekly it had completed a 3 wave correction. On h4 we can find an entry swing. Being conservative a 3 wave on 1.618 fib level as tp target
AUDCAD SELLING OPPORTUNITYOANDA:AUDCAD
Audcad is in bearish trend , possible short opportunity.broke stracture to the downside.
AUD/CAD TRADE UPDATE This is what we wanted. Now it’s time to be patient and wait for the signals on the 30-minute chart. Keep in mind that there is major news coming out at 9:45 AM related to AUD pairs. A trade is most likely not going to happen today, which is fine. Remember, it's about high-quality trades and not about being in the market every single day. Focus on high-probability and high-quality trades only. If you preserve your capital and stay disciplined, you will succeed.
AUDCAD-SELL strategy 6-hourly chart GANN SQThe pair did not manage to hold above 0.9060 as I initially believed it would. Now we are solid below that, and there is ample room towards 0.8913. The pair is not oversold as yet and negative stochastic, MACD etc does not bode well short-term.
The tonight's decision BOC may provide strength to the CAD, it feels.
Strategy SELL @ 0.9015-25 area and take profit at 0.8960 for now.
AUDCAD 3H ShortThe price has broken below the Ichimoku cloud following a period of consolidation, signaling a confirmed downside move. Currently, it is trading near the retest levels of the Tenkan-sen, Kijun-sen, and the cloud. A short position will be initiated during the Tenkan-sen and Kijun-sen crossover, or after a successful retest.The trade is structured with a minimum risk-reward ratio (RRR) of 1:2, setting the stop-loss above the Kijun-sen at the time of the crossover and above the Ichimoku cloud for added safety.
AUDCAD TRADE UPDATEAUDCAD has shown a similar price movement, experiencing a significant upward reaction but failing to break through both the weekly and daily Area of Interest (AOI). The price has since declined. What we need now is a sign of strength (SOS) on the 4-hour timeframe, along with a confirmation pullback at the daily AOI to enter this trade. The price action is developing; let's wait for the opportunity to present itself.
TP was met Institutional hedge funds pushed price down to near area of support and my 45pips tp was met
TP was hitInstitutional hedge funds pushed price down to near area of support and my 45pips tp was met
