audgadthis is audcad technical analysis it looks like it is still in the flag. Judging if it is bullish or not is your own idea and you should do you research. Due to the rate differential of the aud and cad, you can see it.
AUDCAD trade ideas
AUDCAD In Bearish Trend ( Fundament + Technical )According to seassionality AUDCAD is bearish from mid July. I already mentioned buy entry with stop loss on the chart.
Moreover in COT report AUD positions of Smart Money is also decreasing from last two weeks.
If we allign seassionality + COT Data + Technical (4H Bearish Trend) We can clearly see a bearish trend.
Happy Trading :)
AUDCAD LONG starting off with the monthly Timeframe you can see a clear and respected triple bottom at 0.87029
Weekly timeframe a clear BOS at 0.90172 this shows buyers are in control
Daily timeframe having seen a pullback to 0.90172 seeing rejection this is a good sign we can go back to swing high
right now you can see sellers stepping in and trying to take control. from next week I can see price getting above 0.90650 this is where ill be looking for LONG positions
remember to do you're own research as well
AUD/CAD reversal to the UPTREND OANDA:AUDCAD is at a reversal zone, my bold take is that it wouldn't be surprising to see it go higher, as CAD devalues. What are your thoughts?
AUDCADAudcad is in a strong bearish scenario from the weekly timeframe to the daily down to the 4hr timeframe which we can see a clear downtrend meaning the bears/sellers are in control. On the 1hr we can see a double top pattern has formed and its neckline was broken and retested thereby the market giving us a good bearish engulfing confirmation to sell with our next target to be the next support zone at 1.88990 area.
AUDCAD A clear bearish trend structure which breaks a sub structure giving me more confirmation to go short
LONG AUDCADFalling wedge developed, looking at potential breakout at .90940ish
looking to head toward Feb high of .99908
Pretty new to this so don't take my advice haha, just throwing out an idea. All comments welcome positive and negative, I don't take these things personal
AUDCAD - Bearish Channel BreakoutAUDCAD's downward momentum has stalled on historical support as AUD news approaches.
Watch for a break of the upper channel with conservative targets given the possibility of a non-directional volatility over the news release.
AUDCAD Short Opportunity Overall Trend:
The price is in a downtrend, indicated by the sequence of lower highs and lower lows.
Moving Averages:
The 50-period Simple Moving Average (SMA) (red line) is above the current price, suggesting bearish momentum.
The 200-period SMA (blue line) is also above the current price, reinforcing the bearish trend.
Bearish Wedge:
The price broke down from a rising wedge pattern, indicating a potential continuation of the downtrend.
IDEA AUDCAD SHORT POSITION Pair : AUDCAD
Position : SHORT ( SELL )
Entry Price : 0.90050 STOP LOSS @ 0.90300
TP 1 @ 0.89700
TP 2 @ 0.89425
TP 3 @ 0.89000 ( Trailing SL )
100 Win Bet for the sale of AUDCADWe can see a prefect SMC structure here. Price has swept, Broken structure , created IDM and have taken the IDM out. Breaking the bearish breaker block whereby giving us a solid sell entry
100 Win Bet for the sale of AUDCADWe can see a prefect SMC structure here. Price has swept, Broken structure , created IDM and have taken the IDM out. Breaking the bearish breaker block whereby giving us a solid sell entry
AUDCAD to fallI believe there is a rising wedge pattern found on 1hr chart. if it breaks the bottom trend line I will enter Short (so will have to wait for the confirmation)
Daily chart almost rejecting SMA 100
Daily resistance area around 90100 - 90600
Volume is also dropping.
So this is my short with 1:1.5
watch out for the news :D
AUDCAD SHORTRe-analysis as price created new structure
Market structure bearish 30
Entry at Both Daily and Weekly AOi
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection at AOi
Previous Daily Structure Point
Around Psychological Level 0.90000
Candlestick rejection Y
Rejection from Previous h4 structure
Levels 5.18
Entry 105%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
Linked previous Idea
Bearish drop?AUD/CAD is rising towards te pivot nd could could reverse to the pullback support.
Pivot: 0.90381
1st Support: -.89057
1st Resistance: 0.90834
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AUDCAD SELL IDEAOANDA:AUDCAD
The Weekly, Daily and 4H are bearish making my bias bearish. We have a rejection at Daily Resistance with entry based on a 4h bearish engulfing candlestick.
AUDCADAUDCAD is in bearish trend with no divergence at bottom and testing its 0.5-0.618 fib and showing bearish candles
short with risk define mentioned in charts
AUDCAD BEARISH SIGNAL!!!!!audcad bearish in daily timeframe
audcad bearish in daily timeframe
audcad bearish in daily timeframe
audcad bearish in daily timeframe
AUDCAD - Intra news tradeShort-term trade between 2 mid-impact news releases. AUDCAD was walking along support and is now consolidating in the shorter time frame.
There are defined support and resistance levels that it will likely want to test.
AUD/CAD is Heading Down Soon U Can Enter Now the pair is moving downwards strongly and gave us this amazing down wave around the fib levels
AUDCAD - SellI’ve initiated a sell trade for AUDCAD, targeting the 0.89258 level. The charts shows a pattern of significant fluctuations, with the price currently positioned for a potential decline towards this support level.
Using a strategy I’ve carefully developed, I anticipate downward movements, with the price likely to oscillate but ultimately trend downwards to 0.89258 over the next few weeks.
This target is long overdue. It's coming!
