AUDCAD SidewaysAUDCAD is not making any clear higher highs or lower lows, therefore support and resistance strategy is suitable
AUDCAD trade ideas
AUDCADUptrend buy at 78.6 Gartley pattern to complete a crab and a bigger butterfly in the daily timeframe, then look for sell opportunities.
A REVERSAL INSTITUTION DON'T WANT YOU TO SEE ON AUDCADAUDCAD on a sell reversal after a liquidity sweep on HFT. i teach you how to bank 500 to 1000pips here the institutional way
AUDCAD_BEARISH TRENDScript is currently under bearish trend and based on the chart patterns we can seek a quick scalping for short. levels identified on the charts as well..
DYOR (Do your own research)
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 About to test the 1W MA200 after more than 1 year.The AUDCAD pair has been on a structured rise since the September 25 2023 Bottom, which technical is a Double Bottom formation for the long-term. The price is about to test the 1W MA200 (orange trend-line) for the first time since the week of March 20 2023 as well as the Lower Highs trend-line that started on the February 22 2021 High.
Every time the pair approached the 1W MA200 to this distance, it broke above it, even just for the medium-term. We expect a similar development, which would be conveniently a Lower Highs test. Our Target is 0.92250.
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SHORT TERM BEARSNo more talking here as we dare to dream for the possible road map. We wait and see the prints out. The map speaks for itself
AUDCAD Approaching 0.9120 On Improving Market SentimentAUDCAD Approaching 0.9120 On Improving Market Sentiment
Australia’s Retail Sales rose 0.1% MoM in April vs. 0.2% expected.
It was a slight decrease considering the expectations for the month of April but if we take into consideration the previous month's retail sales improved to 0.1% in April vs -0.4% in March
This is supporting AUD strength today and we can probably see AUDCAD testing the top of the structure soon located near 0.9120
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
AUDCAD SHORTS Cpi is coming if its bad this will melt. Other than that it rejected top of zone simple break and retest as always.
AUD CAD - ShortAUD CAD currently in a up trend,
but divergence has been printed
there's a possibility of reversal from this zone
short entry is recommended after the breakdown of 0.90689
short on AUDCADThe sentiment for this pair is bearish and we can also observe a bearish flag with no divergences.
AUD/CADSmall Risk and Big Reward Trade Setup/
Expecting a downside movement as i forecast.
Don't Forget to manage risk.
Break of structure in 15 Min and 30 Min also.
Lingrid | AUDCAD in the CONSOLIDATION zoneThe price perfectly fulfills my last idea. It took off and hit the TP. The daily timeframe is showing a bullish trend, with the market consistently updating higher highs and higher lows. FX:AUDCAD has been consolidating within a narrow range of 0.91000 to 0.90500. It recently broke and closed above the significant level of 0.9000. Given this momentum, I anticipate the market will continue to consolidate within this range, with the potential for a bounce off support and an upward move towards liquidity area above the equal highs. Considering the overall bullish trend, it's likely that the price will rebound from the support level and downward trendline. My target is the resistance at 0.90960
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDCAD - FALLING WEDGEhi everyone,
i just wanna share about chart pattern base on what i learn.
it is falling wedge chart pattern?!
am i wrong?
please share and discuss
thanksyou
disclaimer,
this is not a signal, be smart
Lets take a flightAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this
professional advice.
I will continually update all trades.
AUDCAD Analysis made easy.How to break the market down all the way from weekly to 2 hours entry point.
AUDCADEntry for sells on the 1hr (1:3)
after the break of structure, waited for the price to retest the 50% fib level.
Short AUDCAD1. Bearish divergence on 4H
2. Double Top
2. LL and LH formation
3. Fib 0.5
4. Bearish trendline
5. Entry on retracement
AUDCADAUDCAD - another pair I like this week , 2 timeframes in sync looking for the 4hr to switch directions which would not only make all timeframes in sync but it could create a head and shoulders, bounce off the EMA, and be moving off of the support zone
AUDCAD: Watching for Fibonacci Support After Resistance Rejectio
The AUDCAD has bounced back down from a key weekly resistance level. This analysis explores the possibility of a pullback towards a Fibonacci retracement level before a potential upward correction.
Technical Analysis:
Resistance Rejection: The price encountered selling pressure at a critical resistance zone on the weekly chart. This suggests potential weakness in the upside momentum.
Fibonacci Retracement: Based on your chart (which I can't see directly), you identified the Fibonacci golden level (around 61.8%) as a potential support zone.
Trading Considerations:
Confirmation Needed: This is not a confirmed trade setup yet. We need to see how price reacts at the potential support level. A bullish reversal pattern or a daily candle closing above the support zone could indicate a potential uptrend resumption.
Risk Management: If a long trade becomes attractive later, prioritize proper risk management. Define entry, stop-loss, and take-profit levels based on your strategy and risk tolerance.
Remember: Do your own research before entering any trade. This analysis provides insights, not guarantees.
Additional Notes:
I can't access the chart you mentioned, but I can still craft a general analysis based on your description.
If you can describe the specific Fibonacci retracement level you identified (as a percentage or price value), I can incorporate that detail into the analysis.
By combining your insights with technical analysis and risk management, you can make informed trading decisions in the AUDCAD market.
AUDCAD Bullish Study CaseDisclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice.
Currently we are in a monthly pullback due to the break of market structure to the downside in a quasimodo type pattern.
After refining the entry a little bit in both daily and 4 hour timeframes, see below charts, I refined my entry point of interest to the zone highlighted in white, which is a supply zone.
