Short TradeWe have seen a breakout from a channel pattern followed by multiple pullbacks which formed a triangle on Friday and now we a impulse followed by a smaller pullback which indicates a strong bearish impulse
AUDCAD trade ideas
Bullish bounce?AUD/CAD has bounced off the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could rise from this level to our take profit.
Entry: 0.90284
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Stop loss: 0.89547
Why we like it:
There is a pullback support level.
Take profit: 0.91183
Why we like it:
There is an overlap resistance level which lines up wit the 61.8% Fibonacci retracement.
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AUDCAD SELLS- Daily I'm bearish looking for a high of the week on Tuesday or Wednesday.
-Luckily for us we got a red folder on Tuesday.
- Entry will be at New York AM session,
- Look for a 1hr to 15mins MSS for an entry.
AUDCAD SC13M
BL
M
there is some space to move to the next selling zone
We are bullish
W
very clean zone
IC
still didn't touch our weekly high
D
Impuls en correction
BM
4H
Decel 2
Fib compl.
Idea for next weekThis is a great set up. AUDCAD is in a ranging market so, if the news drives price action to resistance, we may have a short opportunity.
Or, in the case of GBPCAD, if the news drives price action to this upper trend line, we may also have a short opportunity.
AUDCADCurrently on AUDCAD on the 6-months' timeframe price has taken out the previous candlestick low and closed below it and on the monthly timeframe price has just taken out the previous candlestick low and closed above it also indicating a strong support to the upside to take out the M-CRH + 6M-CRH.
AUD/CAD Long D1Buy Stop @ 0.9196
S/L @ 0.8854
T/P1 @ 0.9539
T/P2 @ --------
R.R.R. @ 1/1
Pure Price Action Trading based on Breakout of Key Level.
AUD/CAD Free Trade +60 Pips 0 Drawdown , New Entry Valid !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.
AUDCAD Trade Idea👀👉 The AUDCAD has broken structure to the downside on the daily (1D) time frame. I expect this movement may continue downward toward the previous lows indicated on the chart.
It’s important to note that these insights are speculative and not guaranteed predictions. Confirming specific price actions before entering any trades is essential, as highlighted in the video. This analysis provides a comprehensive overview of the current trend, market structure, and price behavior. Keep in mind that this content is for educational purposes and does not ensure success. Trading carries significant risks, so always apply robust risk management strategies. 📈✅
20240906-AUDCAD - BearishAUDCAD chart is printing bearish trend.
RSI: No Divergence - Synced
Seasonality : Bearish
Candle Stick: Bearish Engulfing
RR: 1:2
Sell AUD/CAD Triangle BreakoutThe AUD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9086
Target Levels:
1st Support – 0.9045
2nd Support – 0.9025
Stop-Loss: To manage risk, place a stop-loss order above 0.9115. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
AUDUSD potential Breakout and RetestAUDCAD has broken and closed below its consolidation zone and is currently testing the resistance level around 0.91200. It seems to be pulling back for a retest at this level. The market is showing lower lows and lower closes, signalling bearish dominance. A break-and-retest scenario is expected, where the price might pull back to test the resistance before potentially continuing downward. This is a key level to monitor, as holding here could confirm the continuation of the bearish trend. The target is the support level at 0.90775
AUDCAD: Time to Drop Lower 🇦🇺🇨🇦
AUDCAD was consolidating within a horizontal range for 2 weeks.
The release of high impact fundamental news earlier this week
made the pair bearish.
The price managed to break and close below a support of the range on a daily.
We can expect a bearish movement now.
Next support - 90.5
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Lingrid | AUDCAD breakout and RETEST tradeThe price perfectly fulfilled my last idea. FX:AUDCAD has broken and closed below the consolidation zone. The price is currently testing the resistance level around 0.91200, and it appears to be pulling back toward this level for a retest. The market is making lower lows and lower closes, which indicates a bearish dominance. I anticipate a break and retest scenario, where the price may pull back to test the resistance before potentially moving lower. This is a critical point to watch, as it could confirm the continuation of the bearish trend if the level holds. My target is support level at 0.90775
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Free Short Setup on AUD/CAD To Get 200 Pips !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.
AUDCAD Outlook💹 Forex:
📉 Bearish Outlook:
AUDCAD has been breaking into new lows on our 5hr, 30m and 5m time frame.
Context time frame (5hr): Price has been surfing below the 10ema and is showing strength.
Context time frame (5hr): Price has brokeup and made a valid pullback into the 10ema and has showed a valid pullback.
Validation time frame (30m): Price is showing strength and surfing below the 10/50/200 EMAs.
Validation time frame (1D): Price has brokeup into the 10ema/50ema and has showed a valid pullback.
Entry time frame (5m): Price has brokedown below the 10ema/50ema and has showed strength.
Entry time frame (5m): I am interested in price if we can re-distribute by coming back to the 10/50ema and then get our entry setup.
Keeping an eye on this. 👁️
five waves correction at playlooks like the price is currently correcting, we are waiting for a tap of 61.8 price level, then we'll wait for our sell setup confirmation.
AUDCAD, A selling opportunity after a price retracement?I am looking to sell AUD weakness on the back of poor economic data against possible CAD strength. There may be a retracement back to a 0.618 Fibonacci level (on my chart) this afternoon on the Canadian interest rate announcement at 13:45 GMT. I intent to sell at 0.9125 SL at 0.9175 and TP at 0.9033.
Long term Canada has a better economic outlook than Australia going forward with it riding on the back of the US economy doing better than China (China is a major trading partner of Australia).
This is my view at the moment and could change after the BoC announcement or anything else for that matter. I see a similar selling opportunity with AUDJPY that I may post.
AUDCAD: Long Entry.Active Trade.
Entry: 0.91050.
(Optimal Entry would have been *0.91000* but needed a level break confirmation. This level can still be used as an entry if a "Retest" is achieved.
TP: 0.92500
SL: 0.90500 (Or Below).
RR: 1|3.
*This trade is a result of SUBJECTIVE analysis*
AUDCAD: Bearish Move Confirmed?! AUDCAD has broken and closed below a support area within a long horizontal trading range on the 4-hour chart.
Given the previously bullish sentiment, it is possible that selling pressure has been building up within this range.
This breakout could indicate a shift towards a bearish trend reversal. Targets for this potential movement are at 0.9071 and 0.9041.
AUD/CADAUD/CAD
The price has been consolidating since August 19th and has now finally broken out.
On the 4-hour timeframe, I’m waiting for a retracement to the 0.5 - 0.78 Fibonacci levels to consider a short entry.
