AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.91000 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.91000 support and resistance area.
Trade safe, Joe.
AUDCAD trade ideas
Bearish drop?AUD/CAD has reacted off the pivot which is an overlap resistance and could drop to the 1st support that is a pullback support.
Pivot: 0.90737
1st Support: 0.90129
1st Resistance: 0.91297
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154R AUDCADExpecting CAD weakness.
The weekly structure is bullish on AUDCAD so I am therefore expecting a continuation up after a multi-year long consolidation.
The trade on the lower timeframe targets an entry at an imbalance below some equal lows which could be an area where the market is drawn towards first.
AUD/CAD TRADE UPDATE This is what we wanted. Now itโs time to be patient and wait for the signals on the 30-minute chart. Keep in mind that there is major news coming out at 9:45 AM related to AUD pairs. A trade is most likely not going to happen today, which is fine. Remember, it's about high-quality trades and not about being in the market every single day. Focus on high-probability and high-quality trades only. If you preserve your capital and stay disciplined, you will succeed.
AUDCAD-SELL strategy 6-hourly chart GANN SQThe pair did not manage to hold above 0.9060 as I initially believed it would. Now we are solid below that, and there is ample room towards 0.8913. The pair is not oversold as yet and negative stochastic, MACD etc does not bode well short-term.
The tonight's decision BOC may provide strength to the CAD, it feels.
Strategy SELL @ 0.9015-25 area and take profit at 0.8960 for now.
AUDCAD 3H ShortThe price has broken below the Ichimoku cloud following a period of consolidation, signaling a confirmed downside move. Currently, it is trading near the retest levels of the Tenkan-sen, Kijun-sen, and the cloud. A short position will be initiated during the Tenkan-sen and Kijun-sen crossover, or after a successful retest.The trade is structured with a minimum risk-reward ratio (RRR) of 1:2, setting the stop-loss above the Kijun-sen at the time of the crossover and above the Ichimoku cloud for added safety.
AUDCAD TRADE UPDATEAUDCAD has shown a similar price movement, experiencing a significant upward reaction but failing to break through both the weekly and daily Area of Interest (AOI). The price has since declined. What we need now is a sign of strength (SOS) on the 4-hour timeframe, along with a confirmation pullback at the daily AOI to enter this trade. The price action is developing; let's wait for the opportunity to present itself.
#AUDCAD 4HAUDCAD 4-Hour Analysis
The AUDCAD pair has broken above a key trendline on the 4-hour chart, signaling a potential shift in momentum to the upside. Additionally, the presence of a buy engulfing candlestick in the breakout area reinforces the bullish outlook. This combination of technical signals presents a strong opportunity for a buy position.
Technical Outlook:
Pattern: Trendline Breakout & Buy Engulfing Area
Forecast: Bullish (Buy Opportunity)
Entry Strategy: Enter a buy position above the trendline breakout level, confirming with bullish price action signals.
Traders should look for additional confirmation such as continued bullish candlesticks or supportive indicators like RSI and MACD trending upwards. Place stop-loss orders below the breakout level to manage risk, and target higher resistance zones for potential profit.
AUDCAD-BUY strategy 12-hourly chart GANN SQThe pair has been aggressive in its movement, and its really a tag-and-war fight. The 0.9060 area seems crucial area, as we have moved above and below it with speed. Now we are slimilarly near that level, and judging indicators, chances for moving higher is possible.
It is also reflected in the GBPCAD and GBPAUD behavior.
Strategy BUY @ 0.9040-0.9060 area and take profit at 0.9175 for now.
AUDCAD bullish expectations for next periods
AUDCAD one of trades which i folow long period, having and long term position open (from Jul), price is break trend line, its not make to big bearish move, RBA is on 10.Dec from which i expecting will have bullish impact on this pair.
Expectations are to see back in trend line and higher bullish push, you can use back like entry sign.
SUP zone: 0.89600
RES zone: 0.92450, 0.93450
AUDCAD Smart Money Concepts (SMC)In modern trading, especially within the Smart Money Concepts (SMC) methodology, terms such as Order Blocks, Imbalances, Breaker Blocks, and Inverted FVG (Fair Value Gaps) are widely used. Below is a detailed explanation of each:
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1. Order Blocks
An Order Block is a zone on the chart where large institutional investors have left "traces" of their operations, meaning a place where there was a concentration of buying or selling activity. It is typically the last candle before a significant price movement.
Bullish Order Block: The last bearish candle before a strong upward movement.
Bearish Order Block: The last bullish candle before a strong downward movement.
How to use:
Price often returns to order blocks before continuing the trend.
Order blocks are used as potential entry or exit zones.
Example:
If the market is falling and a sharp reversal upwards begins, the last red candle before this rise is the bullish order block.
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2. Imbalances
An Imbalance is a zone on the chart where demand and supply were sharply uneven, creating "gaps" in the market structure.
These zones are often referred to as FVG (Fair Value Gaps)โan area between the wicks of the first and last candles of three consecutive candles, where the middle candle does not overlap with the first or third.
It is believed that the market tends to fill these gaps, meaning the price often returns to these zones before continuing its movement.
How to use:
Imbalances can serve as a reference for identifying potential retracement zones.
Enter a position when the gap is filled.
Example:
In an uptrend, if the price rises sharply, creating a gap between the wicks of candles, traders can expect the price to return to this area.
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3. Breaker Blocks
A Breaker Block is a zone that forms when the market breaks a key support or resistance level and begins moving in the opposite direction. They appear where an order block was "broken."
Breaker Blocks indicate that the previously dominant trend has been broken, and the market is preparing for a new movement.
They can also be used to filter valid order blocks.
How to use:
After an order block is broken, the former support/resistance zone can serve as an entry point after a retest.
Used to identify trend reversals.
Example:
In an uptrend, if the price breaks below the previous bullish order block, it becomes a bearish breaker block.
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4. Inverted FVG (Inverted Fair Value Gap)
An Inverted FVG is a zone where the market provides excessive liquidity in the opposite direction, creating an opportunity for "smart money" to trap traders in the wrong movement.
An Inverted FVG occurs when the market "absorbs" liquidity, making traders believe the trend is continuing, but it is actually a manipulation before a reversal.
It is used to analyze price manipulation and find entry points against the "trap."
How to use:
Enter after the price has covered the FVG zone and confirmed a reversal.
Inverted FVGs often appear in zones that collect stop losses.
Example:
In an uptrend, the price sharply breaks a resistance zone (creating an FVG) but then reverses back and moves downward.
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Conclusion
Order Blocks and Breaker Blocks help identify zones where large players may enter the market.
Imbalances highlight areas where the price might return to balance demand and supply.
Inverted FVGs help traders avoid traps set by large players and enter the market more strategically.
AUDCAD Trading Opportunity!This trade presents a unique opportunity, though it comes with some complexities and higher risks. The price is currently consolidating and has struggled to break through the identified level. However, the weekly chart has officially turned bearish, and all timeframes are aligned, indicating strong short potential.
To maximize this opportunity, I recommend waiting for a retracement to the daily area of interest, followed by a sign of strength (SOS) on the lower timeframes. This strategy will enhance your entry point and increase the likelihood of a successful trade.