AUDCAD Resistance Cluster! AUD-CAD is trading in a
Downtrend and the pair
Is now about to retest
A resistance cluster of
The falling and horizontal
Level at around 0.89600
From where a move
Down is likely !
Audcadshort
AUDCAD - Short active ✅Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect bearish price action from here as price filled the imbalance and rejected from bearish order block.
Fundamental analysis: Tomorrow we have news on CAD, will be released Cash Rate, as well on Friday will be released Unemployment Rate in Canada. Important news for CAD, so pay attention to the results in order to validate the analysis.
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AUDCAD - CAD Strength On The Horizon?Analysis:
Price has been in this downwards trend for a while now and we're expecting this to continue. Price has been forming a series of lower highs and lower lows which confirms our thesis that price is trending to the downside. Recently we saw price break below a key level of support and we're now seeing that same level get retested for resistance and we suspect that it will hold, as support can quite often become resistance and this level has held as resistance in the past before. To add to our idea we've also got the 50% fib retracement level at our area which we expect bears will be sat at wanting to push price to the downside which works with our idea. We've also got a downwards trendline which again we expect sellers will be waiting at, holding and pushing price down further. When we look at the fundamentals the AUD and CAD are both very similar in strength and weakness so there isn't any real bias here however we do still favour the CAD over the AUD as more institutions are exiting out of their short positions on the CAD and are in fact going long instead where as for the AUD we're seeing an increase in both long and short positions by institutions. Another factor why we prefer the CAD over the AUD is the the CAD is heavily related the oil prices. With Canada being the 4th largest oil exporter in the work and with the possibility of oil prices being on the rise again we could see the CAD start to gain some more strength. The AUD did have some positive news that came out yesterday however we don't see this bullishness continuing, especially after the AUD news release later on tonight which we expect will be bearish for the AUD. With all of the confluences factors that we have we get a short bias on this pair at this level so this is a pair that we are interested in.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
AUD/CAD Analysis H1Here is my view for AUDCAD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
AUDCAD SHORT - BIG BREAKOUT!Waiting for a retest of 0.89567 to short AUDCAD back to 4H key level at 0.88319
If you agree drop a like and if you have any questions leave a comment :)
AUD/CAD short after break below the M Formation target 0.8616AUD/CAD M Formation formed.
The price has broken below recently.
And the previous trend was down showing giving a high probability setup.
200>21>7
RSI<50
Target 0.8616
AUDCAD Short IdeaAs the main trend is bearish, I predict this kind of movement, always remember, every big move will happen after liquidity sweep.
20 Reasons for sell AUDCAD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: The market structure is bearish, and a doji bearish candle confirms the readiness for another impulsive move. There is no significant support until the target area, indicating the potential for a larger downward move in the coming years.
2:📆Monthly: A clear bearish impulse move is forming on the monthly timeframe, with the first pullback already completed. This suggests a strong downside move in the next few months, and there is also a triangle pattern present.
3:📅Weekly: The bearish structure continues on the weekly timeframe, with an inducement already completed. Price is following its downward trajectory, and another impulsive move towards both medium and larger targets is expected.
4:🕛Daily: Price is currently consolidating and has formed a spring with a high volume spike. There is a high likelihood of price retracing back to unmitigated Fair Value and Order Block areas before resuming its downward move. Sell entries are observed from higher areas.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bearish
6: 2 Pattern Candle Chart: Breakout from a triple bottom pattern or a bearish liquidity sweep.
7: 3 Volume: High volume at the breakout, and the retracement is already completed, suggesting further downside.
8: 4 Momentum UNCONVENTIONAL Rsi: Sideways momentum.
9: 5 Volatility measure Bollinger bands: Price is currently at the lower band, indicating potential further downside movement.
10: 6 Strength ADX: Sideways strength.
11: 7 Sentiment ROC: AUD is weaker than CAD.
✔️ Entry Time Frame: H1
12: Entry TF Structure: Currently in a consolidation phase, waiting for a trigger event or breakout confirmation.
13: Entry Move: Impulsive move.
14: Support Resistance Base: Consider previous inducement and sweep areas as potential support and resistance levels.
15: FIB: Trendline breakout confirmation is awaited.
☑️ final comments: Sell at trendline breakout.
16: 💡decision: Sell.
17: 🚀Entry: 0.8964
18: ✋Stop Loss: 0.9005
19: 🎯Take Profit: 0.8843
20: 😊Risk to Reward Ratio: 2:3
🕛 Expected Duration: 5 days
AUDCAD MY PERSOANL VIEW TODAYBLACKBULL:AUDCAD
AUDCAD possible short scenarion for me .it tested supply zone you could say or resistance for me in this trade as i marked up as resistance area conflunce with ema.it got tested and broke stcature multiple times on 1H TF.
i always have two entries.
my second entry has not been confirmed yet.
fisrt entry :
Entry - 0.89937
Tp - 0.89497
Sl - 0.90245
RR - 1:1.43
AUDCAD MY BIAS TODAYBLACKBULL:AUDCAD
AUDCAD possible short scenarion for me .it tested supply zone you could say or resistance for me in this trade as i marked up as resistance area conflunce with ema.it got tested and broke stcature multiple times on 1H TF.
i always have two entries.
my second entry has not been confirmed yet.
fisrt entry :
Entry - 0.89937
Tp - 0.89497
Sl - 0.90245
RR - 1:1.43
AUDCAD SHORTOn the higher time frame we have bearish outlook. Presently, we have a Break of market structure. We anticipate a bullish correction where we will look to sell either at the conservative or aggressive entry points. I tend to favour the conservative entry.
AUDCAD Double Top Bearish 1H TFAUDCAD instrument shows a bearish trend with a double top reversal pattern and the bearish divergence. Take a sell entry at double top neckline with a stop loss at the top with 3 pips above. TP1 and TP2 are placed with 2 trade entries at the risk to reward ratio of 1:2.
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 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 - Short#AUDCAD in Daily Time Frame Setup
H&S Pattern available in this setup
neckline was break
so it will down further if Market reject the neckline
TRADE UDPATE AUD/CAD target heading to 0.8735AUD/CAD formed a solid Head and Shoulders.
Price broke below and the trend line remained down.
Each time the price tests the upside, it makes a lower high.
Buy side Liquidity gets swept by Smart Money each time.
21>7 - Bearish
Price>200 - Bullish
RSI <50 Bearish div
Target remains at 0.8735
📌 Potential SELL setup for: AUD/CAD👩🏽💻Technical: The AUDCAD is moving within a daily channel, which seems to show some selling power building up. On the 1-hour chart, there's an M pattern taking shape, but it's not confirmed yet since the neckline isn't fully broken.
🎯 For an ideal entry: I recommend patiently waiting for the price to demonstrate strong selling momentum by fully breaking the neckline. That way, you'll know the chart pattern is valid and ready to be entered. Otherwise, no entry.
AUDCAD SELLAUDCAD is looking so beautiful on the daily TF we are expecting to see price pull back into the neck line 0.90871 before expecting a massive sell to our support level 0.86873 pips target on this trade is 300 pips plus we wait patiently for price confirmation, drop a comment on what you guys think about AUDCAD
AUDCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here I expect price to go a little bit lower to fill the imbalance and then to reject from bullish order block + institutional big figure 0.89000. My target is buy stop liquidity.
Fundamental analysis: Tomorrow we have news event on AUD, will be released monthly Unemployment Rate. If the result is lower than forecasted it means strength of AUD which will support our move.
Like, comment and subscribe to be in touch with my content!
AUDCAD Short PositionMomentum is downwards , if it breaks .89481 and goes close below that then next level is near next support zone. RRR 1:6
AUDCAD MAKES HARMONIC PATTERN ABCD AUDCAD MAKES HARMONIC PATTERN ABCD
At the B we entred as a sell stop and draw projection at D for Tp and the point of D we are waiting and watch for RSI Divergence and makes some buy
