audcad short welcome
here is my audcad short idea
its based on
.91000 area is crucial restistance
market bullish on higher tf like m, w, d
can we see a retest of last higher high
im thankful to see how this setup plays out
AUDCAD
AUD/CAD Can Melt Down Soon Don't Miss It Now Enter Now AUD/CAD Can Melt Down Soon Don't Miss It Now Enter Now
AUDCAD Testing the top of the Channel Down. Sell.The AUDCAD pair hit today the 1D MA50 (blue trend-line) for the first time in more than two months (since February 22). By doing so, it has approached both the Channel's top (Lower Highs trend-line) and Resistance 1 (0.912750) of the April 03 High.
With the 1W RSI still far from its Support/ Buy Zone, we treat today's rise as a sell opportunity and short towards the Channel's bottom (Lower Lows trend-line), targeting 0.8870 (November 21 2022 Low).
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AUDCAD Technical Analysis and Trade IdeaThis video examines the #AUDCAD currency pair and observes that it is beginning to trend downwards. However, entering the market at the current level may not be the best option. Instead, we are seeking a retracement upwards towards the resistance level, which could present a potential opportunity for a short position. It's important to note that the video explains everything in detail and is not intended as financial advice.
AUDCAD could go up buy!AUDCAD could go up buy It broke a major trendline and bounced from an important support zone :)
you can buy on Current price or wait for pullback.
AUDUSD Rising LONGOn the 4H chart, AUDUSD is rising over the intermediate term volume profile POC and ascending the anchorded
VWAP bands as well; Price rose from undervalued to fair-valued on the VWAP bands.
The Chris Moody RSI indicator flashed a a pair of buy signals and RSI rose over the 50% line.
Another good sign is price is approaching a volume void /gap on the volume profile. Finally
there was a mild volume spike when price reversed from the bottom of the high volume area on
the profile. I am looking for rising price action in the intraday upcoming once both London
and New York sessions are overlapping.
AUDCAD Oversold Pair with 5:1 RR5:1 Reward:Risk ratio. It is AUDCAD on a daily chart. If this oversold pair does not rise at this level, then the level below is a good level.
AUD is the most oversold than the rest of the G10 FX with an economical growth pattern that has not showed up on the charts yet. What's more, AUD has a lot of padding compared to CAD in its real estate market from its prepayments to help absorb higher rates.
AUDCAD for new week bullish expectations
Hi viewers, AUDCAD currently price on zone, in this week expecting break and higher bullish continuation till TPs
TP1:0.90900 (65)
TP2:0.91200 (95)
TP3:0.91500 (125)
AUDCAD 4hr Pullback Short1) This pair has just pushed into new highs (or) lows. We now have a pullback followed by a swing engulfing candle. That makes this a valid example of The 4hr Pullback strategy.
PAIR: AUDCAD
Entry - 0.90081
Stop - 0.90475
Position 1 - TP @ 1:1
Position 2 - ?
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90600 zone, AUDCAD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.906 supply and demand zone, i would like to keep an eye on the stock market as American Indices that correlate positively with AUDCAD.
Trade safe, Joe.
AUDCADPotential buy opportunity here. Not Advice. Nice 5 wave count. Looking for 38% target on fibonacci tool.
AUDCADAUDCAD currently trading at strong demand zone.
Will it retrace from this zone to falling trendline for 2nd pivot? which is also a Fin golden ratio area.
Multiple Buying OpportunityUpon analysis, there are multiple factors that indicate a potential buying opportunity for AUDCAD.
Firstly, the bullish 5-0 pattern on the Weekly chart was identified and discussed in my previous report.
Secondly, various trading strategies have also pointed towards a buying opportunity.
For example, the 4-hourly chart shows a tested support level at 0.8954, which has been tested three times. If this support level is broken, there is a complete AB=CD Harmonic Pattern at 0.8940.
On the 1-hourly chart, a bullish deep crab pattern is observed with a retest at 0.8952, providing an opportunity for traders. The only factor that could deter this trade is a potential market gap when the market opens on Monday.
Nonetheless, with the aforementioned indicators in place, a potential buying opportunity for AUDCAD presents itself.
Wary of the breaker blockAfter the order block pullback price nicely dropped and swept the liquidity inducement, pushed up to mitigate the internal supply zone and continued dropping. Anticipating price to slightly drop and make a liquidity sweep in order to swiftly go bullish to level 0.90277, bearing in mind that we have a breaker if it’s still valid…
Potential 1:23 RR AUDCAD SetupPrice action has presented us with the opportunity to catch a POTENTIAL reversal setup.
I expect this to activate next week. We'll see if the trading gods are on our sides.
Happy Trading.
AUDCAD: Expecting Bearish Movement! Here is Why:
The analysis of the AUDCAD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
❤️ Please, support our work with like & comment! ❤️
AUDCAD for a lower low? 🦐AUDCAD on the 4h chart after the recent low resets the weekly resistance.
We can notice how the structure is at the 50% retracement of the previous bearish impulse.
The price has been rejected by the area and is now trading over a 4h support.
According to Plancton's strategy IF the pair will break below we can look for a nice short order according to the MTB strategy rules.
AUDCAD, more downside to see. AUDCAD / 1D
Hello traders, welcome back to another market breakdown.
AUDCAD has been trading in a down trend once rejected from a Key level.
I'll be waiting for any pull-back above previous high to get on a short position.
Trade safely,
Trader Leo
AUD/CAD: Bearish Trend Continues - SHORT SetupAs of today, the AUD/CAD exchange rate has been displaying a consistent bearish trend, characterized by a series of lower highs and lower lows. Notably, on 23 April 2023, the pair reached a high of 0.9100, followed by a subsequent drop in value to its current level of 0.9000.
Further analysis reveals that the exchange rate has been trading within a symmetrical triangle pattern, with a clear bearish bias. However, recent price action appears to have broken the lower boundary of the pattern, signaling a potential continuation of the prevailing bearish trend. As such, market participants are currently on the lookout for bearish trading opportunities in this scenario.
Overall, given the AUD/CAD's recent price movements and technical patterns, it appears that the exchange rate may continue to trend downwards, with the next potential support level serving as a target for bearish traders.
Intra-Day Trading OpportunityToday I spotted a potential opportunity on the M15 chart. Although it may not offer the highest returns, it's a great way to generate some income and gain more experience in trading Harmonic Patterns. Personally, I'm looking at the Bearish Gartley Pattern for this trade.
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90750 zone, AUDCAD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.90750 Support and resistance zone. i would also keep an eye on indices to confirm the bias as AUDCAD does correlate positively with AUDCAD so bearish indices should be a good indicator for the trade.
Trade safe, Joe.
AUDCADPossible buy opportunity
on LF waiting for structure to shift for entry.
4h LH b&r (possible) and at my fib level
zone with multiple rejections
but again it could break thru so always be reactive
as I said waiting on LF structure change HH HL for entry.
HT is bearish
Educational purposes only.
