Hello awesome traders i hope you have had a great trading week, let's have a look at the AUDCAD presenting a great trading opportunity.
Price is breaking above the trendline breakout at 0.90931, signaling a potential bullish continuation.
📈 Trade Setup:
✅ Breakout Level: 0.90931 (Key resistance turned support)
🎯 First Target: 0.91732 (Mid-range resistance)
🎯 Second Target: 0.92816 (Upper resistance)
❌ Stop Loss: Below mid-support at 0.90122
🧐 Key Observations:
🔹 The breakout needs sustained momentum for confirmation.
🔹 A pullback to retest 0.90931 could provide a better entry.
🔹 If price fails to hold above 0.90931, a dip back to 0.90122 is possible.
📊 Market Sentiment:
📌 Monitor volume and momentum at the breakout zone.
📌 If buyers hold above 0.90931, it strengthens the bullish outlook.
🔥 Keep an eye on price action for confirmation before scaling in! 🔥
Have an amazing weekend, trade safe and may the pip be with you !!
Price is breaking above the trendline breakout at 0.90931, signaling a potential bullish continuation.
📈 Trade Setup:
✅ Breakout Level: 0.90931 (Key resistance turned support)
🎯 First Target: 0.91732 (Mid-range resistance)
🎯 Second Target: 0.92816 (Upper resistance)
❌ Stop Loss: Below mid-support at 0.90122
🧐 Key Observations:
🔹 The breakout needs sustained momentum for confirmation.
🔹 A pullback to retest 0.90931 could provide a better entry.
🔹 If price fails to hold above 0.90931, a dip back to 0.90122 is possible.
📊 Market Sentiment:
📌 Monitor volume and momentum at the breakout zone.
📌 If buyers hold above 0.90931, it strengthens the bullish outlook.
🔥 Keep an eye on price action for confirmation before scaling in! 🔥
Have an amazing weekend, trade safe and may the pip be with you !!
Trade active
As we can see, AUDCAD made another attempt to push through the upper trendline of the rectangle formation – but there was no surge in volume to support the breakout, and price has since rotated back into the channel. Let’s break it all down:
AUDCAD (1D) – Rectangle Channel Analysis
Pattern Overview:
Pattern Type: Rectangle Channel
Asset: AUDCAD
Timeframe: Daily
Trade Type: Neutral – Monitoring for breakout confirmation
Key Levels:
Upper Trendline Breakout: 0.90931 – Major resistance and bullish confirmation level
Lower Trendline Support: 0.89329 – Key demand zone holding price structure
Midpoint (50% Level): 0.90122 – Price currently trading at this key balance zone
Fibonacci Extensions & Key Ratios:
Support & Resistance:
Mid Upper Zone: 0.91732 – Intermediate resistance inside the upper expansion area
Full Breakout Target: 0.92816 – Measured move objective from range height
Full Breakdown Projection: ~0.87500 – Mirrored downside expansion
Price Action & Setup:
The pair failed to break out of the rectangle channel, with no volume confirmation at the upper resistance.
A notable volume surge occurred on the move back down, hinting that sellers may still be active.
Price is now compressing at the midpoint (0.90122) — a zone often associated with indecision.
Until we see conviction from either bulls or bears, we remain neutral with a reactive plan.
Market Sentiment:
Lack of volume on resistance tests signals weak breakout attempts.
Compression within the range continues to build potential energy — watch for signs of expansion.
Next Potential Movement:
Bullish Scenario: Clean break and close above 0.90931, backed by volume, opens the way to 0.91732, then 0.92816.
Bearish Scenario: Break below 0.89329 suggests downside continuation toward 0.88500, then extended moves to 0.87500.
Risk Management:
Stand aside until breakout confirms.
If bullish breakout triggers, stops ideally sit below 0.90122 to manage risk.
If bearish breakdown occurs, stops can remain just inside the rectangle range.
Note
AUDCAD (4H) – Potential Bullish Cypher Pattern
Pattern Overview:
Pattern Type: Harmonic Cypher
Asset: AUDCAD
Timeframe: 4H
Trade Type: Long Setup – Monitoring for continuation
Key Levels:
X Point: 0.89508 – Major structural low
A Point: 0.91247 – Initial impulse high
B Point: 0.90240 – Deep retracement, confirming Cypher structure
C Point: 0.91302 – Higher high, completing the XA leg symmetry
D Completion (PCZ): 0.89665 – Potential reversal zone
Entry Level (EL): 0.89916 – Break above this confirms early shift in control
Stop Level (ST): 0.89648 – Invalidation below D point
Fibonacci Extensions & Key Ratios:
Retracement & Projections:
38% Retracement: 0.90353 – First area to scale out partials
62% Projection: 0.90771 – Key Fibonacci target and confirmation of bullish continuation
79% Extension: 0.91070 – Final extension for full Cypher target
Price Action & Setup:
Price reacted cleanly from the PCZ (Potential Completion Zone) and is now consolidating above the D point.
We're seeing early signs of rotation with buyers stepping in.
A close above 0.89916 could activate the setup toward the 38% and 62% levels.
Until then, we remain in monitoring mode, respecting the pattern structure and price rhythm.
Market Sentiment:
Price action is calm and coiled — typical after harmonic completions.
Volume still needs to support any breakout for momentum validation.
Next Potential Movement:
First Target: 0.90353 – Local resistance and partial exit area
Second Target: 0.90771 – Confirms bullish momentum
Extended Target: 0.91070 – Final Cypher projection
Risk Management:
Entry: Above 0.89916 to confirm upside pressure
Stop: Below 0.89648 to protect against structure failure
Conclusion:
The AUDCAD Cypher pattern complements the larger daily range, giving us a refined short-term setup within the broader consolidation.
As always, patience and discipline are key – let the price confirm, then follow through.
If confirmed, we could be looking at a beautiful harmonic rotation to target levels with structured risk in place.
Note
🟩 Daily Chart – Rectangle Channel Mid-Zone Reaction
On the Daily, we’ve been tracking a clean rectangle channel between 0.90931 and 0.89329.
Price failed to break the upper trendline with conviction — notably, volume did not follow through, which is key when validating breakouts.
After rejecting the upper zone, price is now hovering around the 50% midpoint (0.90122), which often acts as a decision zone.
Until we see a confirmed breakout — with strong price action and volume — we remain in range-bound mode here.
🌀 4H Chart – Potential Bullish Cypher Pattern
Dropping down, we spot a potential Cypher taking shape.
Price completed the D point at 0.89665, and early bullish reaction is evident.
We're now waiting for price to break above the Entry Level (0.89916) to confirm this rotation.
If confirmed, we’ll be watching for a move toward:
38% retracement (0.90353)
62% projection (0.90771)
Extended target (0.91070)
This harmonically aligns with the higher-timeframe zone we rejected from earlier — giving us multi-timeframe confluence.
📊 1H Chart – Rectangle Channel Setup
Zooming into the H1, we’re currently sitting inside a rectangle consolidation.
Resistance is set around the 0.90292 breakout line, while support remains firm near 0.89325.
This short-term view complements our 4H structure. A break above 0.90292 could not only complete the Cypher play, but also serve as an early signal toward the Daily top of the channel.
✅ Summary and Trader Plan
The market is coiled — and we’re watching three levels:
0.89916 (Cypher confirmation)
0.90292 (H1 breakout)
0.90931 (Daily resistance)
No need to rush. If price confirms with structure + volume, we’ll follow the move up. If it rejects again, we rotate back to range lows.
Patience and structure win every time. Stay ready, not reactive.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.