AUD?CAD SHORT WORKEDAUD/CAD was retesting a horizontal resistance level of 0.887 while trading in a downtrend so I thought that we will see bearish continuation and we saw it!
Aud-cad
AUDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.87400 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 0.87400 support and resistance area.
Trade safe, Joe.
Update AUD CAD H4 BUYThe end of the long-term trend and the return of the price, please trade carefully
AUDCAD Buy Setup: Near Perfect Storm for Profits Ahead!Greetings everyone,
The AUDCAD pair presents a compelling buy opportunity, as indicated by the strong bearish pressure. This is reflected by the candlesticks' positioning under all four moving averages. Confirming our analysis, the overall market trend, as evidenced across various timeframes, aligns favorably with this trade.
To further validate our entry, we advise seeking specific bearish candlestick patterns, including the Hanging Man, Shooting Star, or Bearish Engulfing. These patterns should be identifiable on a minimum timeframe of 15 minutes, with a preference for 1-hour confirmations.
Given these parameters, we're confident in recommending a short position on the AUDCAD. As always, exercise prudent risk management in all trading decisions.
✨NEW: AUDCAD ✨ SWING ✨TP4 (closing ALL Buy Orders)
TP1 thru TP3 (shaving 50%)
BSO @ 0.8820 ⏳
MO-LONG @ 0.8808 📈
— Buy Stop Order Add-On @ 50% Position Size
AUDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.89500 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 0.89500 support and resistance zone.
Trade safe, Joe.
AUDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.89200 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the trend at 0.89200 support and resistance area.
Trade safe, Joe.
AUDCAD is starting a long-term corrective legIt's been 2.5 months since we last traded AUDCAD, when it gave us a sell signal (see chart below) right at the top of its Channel Down for maximum gain:
Right now, the pattern is getting wider and its new bearish leg to a new Lower Low may be starting as last Friday's inability to close above the 1D MA200 (orange trend-line) may result in a Lower High rejection at the top of the Channel Down.
The 1D RSI is trading within a Rectangle pattern, which just hit its top and that matches with the tops of the Channel Down. We are opening two sell positions now, one targeting Support 1 at 0.88350 and the other Support 2 at 0.877450. If broken and the short-term rebound gets rejected on the 1D MA50 (blue trend-line), we will open a new sell to target the bottom of the Channel Down and Support 3 at 0.8600.
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AUDCAD sell setup at major resistance zonethis pair is back to approaching and testing a major resistance level at around 0.90962.
AUDCAD Potential UpsidesHey Traders, in the coming week we are monitoring AUDCAD for a buying opportunity around 0.90200 zone, AUDCAD is trading in a downtrend and currently seems to be attempting to break it out. If we get rallies above 0.90200 resistance are we will be watching a potential retrace of the trend towards more highs.
Trade safe, Joe.
AUDCAD: On the 1D MA200 and top of the Channel Down. Sell.AUDCAD hit the 1D MA200 yesteday and came just shu off the top of the Channel Down. The 1D timeframe is technically bullish (RSI = 62.944, MACD = 0.002, ADX = 28.766) but the RSI is also near the top of its Rectangle pattern. The previous top coincided with the Channel Down rejection.
Consequently we are opening a sell now and target the S1 (TP1 = 0.874500) and if a 1D candle closes under, extend selling to the S2 (TP2 = 0.86630).
Prior idea:
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✨ NEW: NZDCHF ✨ LONG TERM SWING ✨SLO2 @ 0.6856 (conservative)
SLO1 @ 0.6706 (aggressive)
TP3 @ 0.6630
TP2 @ 0.6357
TP1 @ 0.5925
BSO4 @ 0.5664
BSO3 @ 0.5505
TP0 @ 0.5497 (@ Minor Resistance)
BSO2 @ 0.5452 (9m) ⏳
BSO1 @ 0.5447 (9m) ⏳
ADDITIONAL INFO:
— TP0 is our earliest TP for Day Trading
— shaving 25% from TP1/TP2
— closing ALL Buy Orders @ TP3
⚠️ Trading the All-Time Low on this pair is an extremely aggressive position to take and it increases our risk. Manage your trade accordingly. Be conservative.
BIG PICTURE ANALYSIS
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88500 zone, AUDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.88500 supply zone.
Trade safe, Joe.
AUDCAD bottomed and is giving a strong buy signal.AUDCAD is trading inside a Channel Down pattern since the end of January.
A similar pattern bottomed almost a year ago (July 13th) on the exact same Support (0.87400) and rebounded to the previous High (Resistance) and Fibonacci 0.5.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.91000 (Resistance and Fibonacci 0.5).
Tips:
1. The RSI (1d) is also printing a similar pattern to July's 2022 bottom.
Please like, follow and comment!!
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89100 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching a significant weekly support and resistance zone of 0.89100.
Trade safe, Joe.
AUDCAD buy opportunity at the bottom of the Channel DownAUDCAD is approaching the bottom of the annual Channel Down, having crossed under the 0.236 Fibonacci level.
As the 1day RSI forms a Higher Lows bottom pattern, the conditions for a medium term buy arise.
Buy and target the 0.618 Fibonacci level at 0.8885 or book the profit earlier if it hits the 1day MA50 first.
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AUDCAD, D1 | Bearish breakout?
Price has made a pullback to a key overlap resistance level at 0.8827 which also happens to be a previous 78.6% fbonacci retracement that was broken.
It's worth noting that there is strong bearish momentum from the bearish Ichimoku cloud and the lower highs being made by price.
A drop from here could see prices drop all the way to the major swing low at 0.8614.
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AUDCAD: Classic Bearish Reversal Explained🇦🇺🇨🇦
AUDCAD reached a solid horizontal resistance last week.
The market was steadily growing within a rising wedge pattern.
After the test of structure, a bearish move initiated and the pair managed to close below the support of the wedge.
Because the pair is trading in a global bearish trend, the violation may trigger a trend-following movement.
Goals: 0.901 / 0.895
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AUD/CAD Bullish ideaHello Traders
Our technical view has been shown in the chart.
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AUDCAD Potential UpsidesHey Traders, We are closely observing AUDCAD in tomorrow's trading session for a potential buying opportunity within the 0.90300 zone. AUDCAD is currently trading within an ascending channel and appears to be approaching the channel's support near the 0.90300 supply and demand area.
Trade safe, Joe.
AUDCAD Potential DownsidesHey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.9 zone. AUDCAD is trading in a downtrend and current is in a correction phase in which it is approaching the major trend at 0.9 resistance area.
Trade safe, Joe.
✨ NEW: AUDCAD ✨ SWING TRADE ✨SLO @ 0.9866 ⏳
TP3 @ 0.9630 (closing ALL Buy Orders)
TP2 @ 0.9340 (shaving 25%)
TP1 @ 0.9155 (shaving 25%)
BSO @ 0.8985 ⏳
BLO @ 0.8910 ⏳
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90100 zone, AUDCAD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.901000 support and resistance zone.
Trade safe, Joe.
