AUDCAD Going short on AUDCAD.... Previous support now is resistance is looks.... %61.8 fib pullback. My kind of trade... Multiple TP targets.
AUDCAD trade ideas
Picture perfect setup on AudCadfirstly we had an fvg from monthly chart where jul month candle has retested it
on the following lower time frames we can se price first trapped the early long players and came upto the mid line of fvg
the three candle as red impulse to down side then a doji followed by green big bar is sight indication of long build up
if so,
the current running candle can retest the doji candle high where we can put the buy order and recent low as our stop loss strictly
0.9800 >> 0.9115 >> 0.953
could be the potential target
CLEAR UPTRENDHello Traders, I'm expecting Wave 5 to begin on dc zone and we have to confirm with Reversals patterns. Quick Reminder: Always use Risk management when you trading, if you dont know ask me how, I'll share some info..
NB: NO REVERSAL PATTERNS NO ENTRY.
Are we setting for a big sell?We need to get a brake below 19970 and small lower time frame flag to confirm bears takeover
AUDCAD Kungfu DownBias Bearish
Fundamental Analysis
AUD is weakening, CAD is slightly bearish to neutral movement
Price Action:
Rejection from H4 SR level. Price formed a double top pattern. Break break below the H1 double top & bull TL.
Confluence:
Higher TF (W/D/H4) - Rejection from S/R
Lower TF (H1/M30/M15) - Broken H1 SR & TL level
Set up:
Short trade entry at H1 broken SR level
SL 2x ATR(20)
TP 1:4 RR next H4 SR level
AUDCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Grenn Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
AUDCAD: Curve Analysis (12H)SUMMARY
In general, although there could be temporary buying interest due to specific moving averages and the VWMA, the prevalence of sell signals from longer-term averages indicates a significant bearish sentiment for the AUDCAD pair.
FUNDAMENTALLY
There could be a possibility of downward pressure on the AUDCAD pair as the CAD weakens and the AUD potentially weakens due to the overall strength of the USD. The Canadian economy could face some challenges due to the drop in oil prices, given its significant role as an oil exporter. This could potentially lead to a further weakening of the CAD. There is a possibility of a decline in the AUDCAD exchange rate in the coming days.
TECHNICALLY
The technical indicators for AUDCAD are providing conflicting signals, with certain indicators suggesting a bearish signal while others are pointing towards a bullish signal. Most indicators are currently neutral, indicating a slight bearish bias for AUDCAD . The moving averages for AUDCAD are indicating bearish signals, as the short-term moving averages (10, 20, 30) are showing a mix of buy and sell signals. On the other hand, the longer-term averages indicate a sell, which implies that there may be temporary buying pressure. The mid-term moving averages (50, 100) are suggesting a sell, which points to a more pronounced downward trend in the AUDCAD price. Long-term moving averages (200) also indicate a sell, which supports the idea of a continued downtrend.
Additional factors to take into account are the current status of the Ichimoku Base Line, which is currently in a neutral state and does not offer a clear indication of market direction, and the Volume Weighted Moving Average (VWMA), which indicates a buying opportunity, implying some underlying buying pressure.
Bearish reversal?AUD/CAD is rising towards the resistance level, a pullback resistance that lines up with the 38.2% Fibonacci retracement and could potentially reverse from this level to our take profit.
Entry: 0.90924
Why we like it:
A pullback resistance level lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.91278
Why we like it:
There is a pullback resistance level.
Take profit: 0.90298
Why we like it:
There is a pullback support level.
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AUDCAD - In Bullish Trend after Bullish DivergenceAUDCAD is seen at the beginning of its bullish trend after a bullish divergence. The pair has made a new HH and I have taken an instant entry with a SL at the recent HL.
The Signal is:
EP: 0.90746
SL: 0.90327
TP: 0.9117
RR: 1%
Lots: 0.29
AUDCAD: Long Trade Explained
AUDCAD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long AUDCAD
Entry - 0.9047
Sl - 0.9001
Tp - 0.9127
Our Risk - 1%
Start protection of your profits from lower levels
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AUDCAD: Between Two ScenariosAUDCAD: Between Two Scenarios
Technical Analysis:
Price is developing a triangle pattern showing for a possible bullish wave.
However, it's difficult to anticipate the next move if the price doesn't show the next direction.
Considering that we are in a strong bearish trend a move below the pattern can push AUDCAD down easily.
A move above the pattern can push it up for a bigger bullish correction or the beginning of a bullish trend again.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
AUDCAD BREAKDOWN & FORECASTThis is an explanation of what has happened on the AUDCAD and what we can be expecting in the near future.
It shows the detailed analysis and also emphasizes on the Target and what it is "assumed" to be.
Engage to get more educational content.
AUDCAD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring AUDCAD for a buying opportunity around 0.89 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89 support and resistance area.
Trade safe, Joe.
not my favorite Pair | Potential Short The Price broke a strong resistant area, with a high probability of continue falling to the previous price range.
AUDCAD - Short from bearish order block !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance and then to reject from bearish order block + institutional big figure 0.91000.
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AUDCAD-SHORTAUDCAD is trading in bearish momentum,price broke the support and now retracing from that support which has become a resistance now so we will take a short trade
AUDCAD: Bulls Will Push
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy AUDCAD.
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AUDCAD - 4hrs ( Sell Trade Target range 200 PIP ) ✔️Pair Name : AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
✔️Bearish Break
0.92100 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Pattern Break
- Visible range Hvn
- Fixed Range Lvn
- D / Week High
✔️Bullish Reversal
0.89000 Area
Reasons
- Major Turn level / Month
- Major Triangle Pattern
- Choch / Bullish
- inner Counter
- Fibo Golden Zone
- Month High
- Day High + week Break
AUDCAD - Bearish on 1 hourAUDCAD has been making Lower Lows and Lower Highs and it has been retracing from the bearish trend line so if it breaks the Lower Low then price will go down further.
AUDCAD - Bearish ContinuationAUDCAD is in bearish continuation. broke the 4hr support area and then retraced at Fib level of 0.682 (new resistance) which apparently aligned with trendline as well.
Sell entry at Fib level of 0.5.
AUDCAD BUY OPPORTUNITY 4HR TIMEFRAMEOverall trend is an uptrend. Candlestick trend break of structure to upside now. Expecting price to reach demand zone (0.90820). Targeting price to reach order block (0.91887) but potentially continue to make a new higher high.
