AUD/CAD Break of Structure ShortAUDCAD broke the structure and is now heading to the downside. Tight SL with high RR, lets see if we can push down.
AUDCAD trade ideas
AUDCAD Possible Long.Pair looking to give us an inverted head and shoulder. Be on the lookout and enter buys only if you see a setup that falls in your plan.
AUD/CAD Bearish Sentiment: 0.9240 Key Support Under PressureAUD/CAD remains in a bearish trend, with 0.9240 as a key support level, repeatedly tested and holding strong. The bearish sentiment is driven by contrasting central bank approaches: the Reserve Bank of Australia’s dovish stance aims to support economic recovery, while the Bank of Canada signals potential rate hikes amid stronger economic growth and rising inflation. This divergence in monetary policy strengthens CAD relative to AUD, reinforcing downside pressure on AUD/CAD toward the 0.9240 support level.
AUDCAD Bearish Momentum With Key Resistance Level.Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.91200 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.91200 support and resistance area.
Trade safe, Joe.
Sell AUD/CAD @ Bearish FlagThe AUD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.9140, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.9093
2nd Support – 0.9058
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Thank you.
Technical Analysis of AUD/CAD: A Bullish OutlookAnalyzing the AUD/CAD currency pair, several technical indicators suggest a potential bullish trend:
- Fibonacci Retracement Levels: The pair has approached key Fibonacci retracement levels, which often serve as support zones where buying interest may emerge.
- Channel Pattern: AUD/CAD is nearing the lower boundary of a descending channel pattern. This area can act as support, potentially leading to a reversal or a bounce back within the channel.
- Psychological Support Levels: The pair is approaching significant psychological price points, which can influence trader behavior and act as support levels, encouraging buying activity.
AUDCAD My Opinion! BUY!
My dear friends,
AUDCAD looks like it will make a good move, and here are the details:
The market is trading on 0.9109 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.9160
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Trendline Support and Divergence Hint at Possible UpsideThe AUDCAD pair is currently receiving support from a key trendline, with a divergence signaling potential upside momentum. This technical setup may indicate a shift in price direction as buyers defend the trendline support level.
AUDCAD - buyI'm waiting for price to break minor structure and then I'll be looking for buy positions
AUDCAD FOR BUY.Price formed a bearish trendline, and a descending triangle. Price broke out of the trendline.wait for a retest of a support zone and long.
AUDCAD SC1M
BM
New liq
High not tapped yet
W
BM
Impuls en correction => 90% rule
S&D zone
D
Inv H&S
BM
4H
Decel 1 waiting
BM
Inv H&S
66R AUDCAD LongLast trade here was stopped out but now a proper consolidation pattern has formed which increased the chances of this working.
25% chance of success.
66R AUDCAD LongLast trade here was stopped out but now a proper consolidation pattern has formed which increased the chances of this working.
25% chance of success.
AudCad Trade IdeaYesterday I published a short set up for AC stating I wanted to see price break below a strong level of support with retest before looking to short the pair. I said If all goes well we could definitely expect price to tap back into 90400 or at least around that level. Price has been ranging between 91200 and 90400 so going short after a break of structure was my priority with price failing to break to the upside MULTIPLE times. We'll see how price plays out. Might be my last trade for the week with a bunch of news flooding because of the holiday being around the corner.
AUDCAD Buy ForecastAUDCAD New forecast👨💻👨💻
Note:
Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP.
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AUDCAD, Bullish ChannelBullish Channel
Rejection from Top
No divergence
Buy @ CMP or buy at Bottom of channel
Sl at Break of channel
TP towards 1:1
AUDCADall AUD pairs are making similar patterns tonight, however this slow correction and pulling back to the down side give me a good opportunity for short position
Idea for next week.The AUD/CAD pair has shown an upward movement on the four-hour chart, driven by a mix of market factors. Despite weak economic data from China, which weighs on the Australian dollar, recent gains have been supported by speculation around the Bank of Canada accelerating its rate cuts. The dovish stance from the Bank of Canada’s governor, coupled with falling oil prices, has weakened the Canadian dollar (CAD), giving the Australian dollar (AUD) room to strengthen.
The pressure on CAD is compounded by concerns over lower oil demand, particularly in light of the global economic slowdown. Meanwhile, AUD continues to face challenges due to its strong correlation with Chinese economic performance, although it has managed to outperform CAD in the short term.
AUDCAD LONG 0.937500 SOON!!FRIENDS..
We expect AUDCAD goin to reach 0.937500 soon cad will be weak and aud will try goin up
the bounce from lower channel will provide enough power to go up..
5 times and still cant break..
just try to find good entry for long with confirmation use minimum of 1h timeframe for a good confirmation
goodluck
remember to DYOR before opening position
Reacting to Reddit Comments on My Sentiment Strategy!In this video, I dive into Reddit comments and questions about my Sentiment Trading Strategy! From insightful feedback to controversial takes, watch as I react and respond to the community's thoughts and concerns. I’ll address some common misconceptions, provide clarifications, and discuss how the strategy stands up to scrutiny.
📌 What to Expect:
✅ Honest reactions to popular Reddit opinions
✅ Detailed explanations and breakdowns of the sentiment strategy
✅ Tips based on questions from the trading community
✅ Engaging commentary on the state of sentiment trading
👉 Got your own questions or comments? Drop them below, and I might feature them in a future video!
🚨 Disclaimer:
Trading Forex and other financial instruments involves significant risk and may not be suitable for all investors. The content in this video is for educational and entertainment purposes only and does not constitute financial advice. Always consult with a financial professional before making any trading decisions.
AUDCAD has broke downward trendAUDCAD has broken downward trend line,rsi shows bullish divergence which is a sign of reversal
