AUDCAD trade ideas
AUDCAD: Potential Bearish ShiftAUDCAD printed AB=CD Pattern followed by a bearish divergence on RSI.
Potential Bearish shift is expected. Entry is suggested on the breakout of previous low.
Stop loss on previous high.
TP Levels are suggested based on RRR of 1:1 and 1:2
AUDCAD Silver Bullet ShortConfluences supporting this idea
1. bounce off the 100 MA
2. 1hr FVG
3. a liquidity pool on the sell side
4. a clear sweep of a previous day high
ShortScalp trade
The price is in 30m, it has engineered liq, already, shefted below to notify the bears entering in a short term targeting down in the lower low of 30m. Let us see
AUDCAD - AB=CD PatternAUDCAD has been trading in a strong Bullish Trend. After a short period of retracement at the 0.89791 price level, the Bullish run has continued.
Following the strong Bullish run, the price action has formed an AB=CD pattern, following which strong divergence has been observed on the RSI on the 1 hour timeframe, hinting a strong reversal into a Bearish trend, if the price breaks the 0.90274 level.
Trade Plan: Short
Entry: 0.90235
SL: 0.90785
TP1: 0.89680
TP2: 0.89130
AUDCAD - Long from trendline ✅Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to continue the retracement to fulfill that huge imbalance and then to reject from trendline + institutional big figure 0.90000.
Fundamental news: This week on Friday (GMT+3) we will see results of Unemployment Rate on CAD, news with high impact on currency.
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AUDCAD Losing Bullish Momentum soonAUDCAD is showing BEARISH CRAB PATTERN on Dailly Time Fram looking for short on given levels for TP1 and TP2
AUDCAD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
AUDCAD SHORT
Daily:
- Hedge position
- Solid candle close
- Fib completion -27
- BIG SELLING ZONE
Weekly:
- Weekly -27 fib completion
- Impulse and correction
- BOC is reached that aligns with big selling region
*High chance on bearish pullback
4H:
- Waiting on 1 more 4H candle close
- Deceleration
AUDCAD - Daily AnalysisI'm looking at the Australian Dollar Cross Canadian Dollar pair this week.
Looking back at this pair. I can see it has been very bearish over the span of 247 days, give or take. 27 Jan - 27 Sep.
This massive 970+ pip range was unable to break the previous swing low resulting in a change of market structure. This shift in bullish momentum tells me those prior lows are protected. This is indicated by a new HH. We had inducement in the leg which led to the demand still showing strong potential as a valid POI as seen in the chart.
From here I'm looking to stack my positions at 0.88610. Structure is clearly bullish. price swept the low from the last HL. Showing its intentions of wanting to trade higher.
Price is also pro trend on the 4H and Daily.
AUD/CAD is maintaining above 0.8600, a good support level from the end of 2022. However, this does not necessarily indicate that the downtrend is reversing. it may, but the cross would first need to break above the 89-day moving average, which coincides with the upper margin of a declining channel since mid-2023.
Hope this is useful.
AUDCADWe can attempt to short AUDCAD from specified level as it break HL , trendline support , also there is bearish divergence which indicate that it move downward.
SL , TP mention in chart.
AUDCAD - SELL - AUD Int Rte
Aussey interest rate stayed the same as Expected
Last time it went against the AUD so assuming it will continue quick 20 pips.
Ultra Metre is all red usually a good sign
Heading down top order block
Traders are Selling also
AUDCAD sellThis pair will see a pullback to around .8850, after a strong push up , im expecting the market to turn into bear market for the next couples of days. Liquidity grab and down to at least %61.8. Sell sell sell
Whispers of the Estate: Strategy to Short the AUDCAD A Decree to Diminish the AUDCAD
Ah, dear interlocutor, allow me to discourse upon the forex pair AUDCAD with the eloquence and refinement befitting our station.
The pairing of the Australian Dollar (AUD) and the Canadian Dollar (CAD) is a matter of profound interest and intrigue within the realm of foreign exchange. Both currencies hold sway over vast territories and economies, each bearing the distinctive marks of their respective nations' fiscal policies and economic performances.
The Australian Dollar, emblematic of the antipodean dominion, draws its strength from the robust industries of mining, agriculture, and commodities. Its fortunes often dance in tandem with the ebbs and flows of global demand for raw materials, particularly from the burgeoning markets of Asia.
In contrast, the Canadian Dollar, with its roots entrenched in the expansive landscapes of the North American continent, derives its resilience from a diverse array of sectors. Noteworthy among these are the energy resources, including oil, which exert a formidable influence on its valuation.
When these two currencies converge upon the forex stage, a ballet of economic forces ensues, choreographed by market sentiment, geopolitical developments, and shifts in global trade dynamics. Traders, akin to astute observers in a grand theater, meticulously analyze these movements, seeking to discern patterns and trends that may herald opportunities for profit.
Yet, amidst the fluctuations and fluctuations of the forex realm, the AUDCAD pair stands as a testament to the interplay of distant lands and disparate economies, bound together in the intricate tapestry of international finance. In my humble opinion AUDCAD will be rather extended @ 0.91000, therefore one anticipates a rebalance therefore I will be entering short.
AUDCAD Prediction Of Its Next Moveif we do a back test we will see that the price is standing at a very strong area of resistance and support that pushes the price strongly. i will wait for the daily candlestick closure to see how the price will react to it.
if the daily candlestick failed to close above and at the same time i get a good bearish price action i will sell AUDCAD at once.
those are my conditions to sell AUDCAD. Tell me yours and your thoughts in the comments.
AUDCAD!The bigger the consolidation, the stronger the impulse.
We see an upmove will come but cant tel it will start from where.
Trade with care the risk is big.
