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Australian Dollar/Canadian Dollar

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AUDCAD trade ideas

AUD/CAD 4H Timeframe AnalysisAUD/CAD 4H Timeframe Analysis Trend Analysis: The AUD/CAD pair is currently in a downtrend on the 4-hour (4H) timeframe. The price broke below the minor key support at 0.8990, which has now become a minor key resistance level. After this breakout, the price retraced into this key resistance zone, where sellers stepped in, pushing the price lower. Subsequently, the price broke below the next key support at 0.8930, confirming the downward pressure. However, after this, the price made an upward move, triggering stop-loss orders from sellers. This price movement is likely to create liquidity that will be hunted as the market prepares for another potential downside move. Price Action Expectation: We are anticipating a further downward move after the recent price action. The next key event will be a break below the current minor key support level. Once the price breaks below this support, we will be looking for a selling opportunity. Trade Setup: Trade Type: Sell Stop (Breakout below minor support) Entry Price: 0.89090 (below the minor key support level) Stop Loss: 0.89710 (above the liquidity zone where sellers were stopped out) Take Profit: 0.87650 (next minor key support level) Conclusion: The AUD/CAD pair is showing a clear downtrend, and we are waiting for a confirmed break below the current minor key support at 0.89090 to initiate a short position. The stop-loss will be placed above the liquidity zone at 0.89710, with a target at the next key support level at 0.87650. This setup offers a solid risk-to-reward ratio, but traders should remain vigilant of any potential price reversals or unexpected market news. Risk Management: Maintain proper position sizing with a favorable risk-to-reward ratio of at least 1:2. Always monitor market developments, especially news from Australia and Canada, which could influence the pair's movement.
Short
by RebornFXTrader
AUDCAD / SELL possitionThe AUD/CAD sell trade involves betting that the Australian Dollar (AUD) will weaken against the Canadian Dollar (CAD). This decision might be influenced by factors like diverging interest rates, economic data, or commodity price shifts, as both currencies are sensitive to global trade and resource markets. Monitor key support levels, oil price trends (impacting CAD), and Australia's trade outlook to refine your strategy. Always manage risk with stop-loss orders to protect against unexpected market reversals.
Short
by HipiTrader
AUD/CAD Analysis: Elliott Wave and Fibonacci ProjectionsElliott Wave Structure: The price appears to be completing a 5-wave corrective structure, with wave (5) targeting the 1.618 extension of the previous wave (approximately 0.8769). This indicates a continuation of the bearish trend until wave (5) concludes. Fibonacci Levels: Key retracement zones between 0.9043 (61.8%), 0.9014 (50%), and 0.8985 (38.2%) have acted as resistance, reinforcing the bearish momentum. The Fibonacci extensions of wave (3) provide a clear projection for the next leg lower. Bearish Momentum: A descending trendline from previous highs and lower highs reflects strong seller dominance. Price action remains below the Ichimoku cloud, confirming bearish sentiment. Key Levels to Watch: Immediate Resistance: 0.9043 (61.8% Fibonacci retracement). Projected Support: 0.8769 (1.618 Fibonacci extension of wave (5)). Conclusion: AUD/CAD is likely to continue its bearish trajectory, targeting the 0.8769 zone as wave (5) completes. Traders should monitor the key Fibonacci and Elliott Wave levels for potential reversal signals. 📢 Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making trading decisions. 🛑
Short
by Mcenzy
1
AUD/CAD "Aussie-Canadian" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the AUD/CAD "Aussie-Canadian" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a Bull trade at any point, however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level. Goal 🎯: 0.90800 Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Fundamental Outlook 📰 Considering these factors, the AUD/CAD pair may experience a bullish trend in the short-term, driven by: Australia's relatively stronger economy. Canada's potential rate cuts in 2025. Weakening Canadian dollar due to decreased energy exports. However, this outlook is subject to change based on new economic data releases and shifts in global market sentiment. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
AUDCAD Wave Analysis 30 December 2024 - AUDCAD reversed from resistance level 0.8980 - Likely to fall to support level 0.8900 AUDCAD currency pair recently reversed down from the key resistance level 0.8980 (former support from the start of December) intersecting with the 38.2% Fibonacci correction of the downward impulse from last month. The downward reversal from the resistance level 0.8980 continues the active short-term impulse wave c of the ABC correction 2 from the end of September. AUDCAD currency pair can be expected to fall to the next support level 0.8900 (former support from August and the target price for the completion of the active wave 2).
Short
by FxProGlobal
Lingrid | AUDCAD divergence at the DEMAND zoneThe price perfectly fulfilled my last idea. It hit the target. FX:AUDCAD recently made a bearish move by breaking out of the consolidation zone. The price has now reached a demand zone where it previously surged. Additionally, the price action has formed a descending channel along with a bullish divergence, indicating that the bears are losing momentum. On the daily timeframe, the market also showed a fake breakout at this level, highlighting its significance. I expect the market to bounce off the support level and retest the psychological level above. My goal is resistance zone around 0.9000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
4
AUDCAD📉🔍 **AUDCAD Short Setup Update – Trust the Process!** 💼✨ Hey T.Y.L.A. family! 🌟 Here’s the latest on our **AUDCAD short setup**—it’s game time! Let’s break it down: 🔹 **Coordinates for Success**: - **Entry**: **0.89593** - **Stop Loss (SL)**: **0.90250** - **Take Profit (TP)**: **0.88099** - **Trailing Stop (TS)**: **30 pips** 🔹 **Why This Setup?**: The market is aligning perfectly with our strategy, giving us a high-probability opportunity while maintaining controlled risk. 🔹 **Risk-Managed Confidence**: This trade is another reminder that we stick to what works—tight stops, clear targets, and no emotional decisions. 🔹 **Steady Growth, Always**: Our focus is on consistent monthly returns of **25%**. No shortcuts, just discipline and proven methods. 📊 **Reminder for the Team**: Markets can be unpredictable, but that’s why we have a system. The trailing stop protects our gains as the trade moves in our favor, so you can rest assured that we’re managing risk every step of the way. 🔥 **Your Mindset Matters**: Doubt and hesitation have no place here. Take a deep breath, stick to the plan, and remember—you’re not doing this alone. Let’s crush it together! Drop a 📈 if you’re in on this trade or have questions. As always, we’re here to tackle limits and grow stronger, one trade at a time. #TackleYourLimits #TYLA #ConfidenceInConsistency
Short
by TradeYourLifeAway