AUDCAD trade ideas
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89750 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89750 support and resistance area.
Trade safe, Joe.
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 👩💻
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
AUD/CADMonitor this pair and watch 0.89600 area. there is a great chance that it bounce back up to 0.89900 area.
In 1H time frame, it made a nice double top and it continues Bearish move. However, Buyers will come to play around0.89600 as previously they have come.
Obviously, that is my expectation. if at lower time frame, show the sign of Bullish move, then i will take that.
Let's see how it performs.
AUDCAD - Look for a short !!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 fulfill the imbalance and then to reject from bearish OB.
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AUDCAD: Bullish Harmonic Pattern and Risky Counter Trend TradeAUDCAD: Bullish Harmonic Pattern and Risky Counter Trend Trade
AUDCAD has completed a bullish harmonic pattern near 0.8955. The price reaction so far looks promising, and the chances for a larger bullish wave are increasing after a prolonged bearish trend. However, it is still early and risky, as the overall trend remains downward, but our targets are not too far away.
Additionally, the RBA was not particularly dovish during the recent RBA interest rate decision, which could be another reason for AUDCAD to show some bullish momentum before the end of the year.
You can find more details in the chart!
Thank you!
AUDCAD FORECASTTraders we are approaching Christmas day! On these days we normally find that the market is having unusual volatility, most of the times is low volatility and volume in the market. We need to make sure that we are aware of this so that we become carefully when it comes to making decision in the market!
AUDCAD TREND BULLISH SUPPORT BY FUNDAMENTALSI am bullish on AUDCAD as recent economic data supports a stronger Australian dollar. Australia’s economy benefits from rising commodity prices and resilient economic performance, while the Canadian dollar faces headwinds from softening oil prices and weaker economic growth. Technically, AUDCAD is showing bullish momentum, with higher highs and lows forming on the daily chart. These factors combined point to further upside potential for the pair.
I don't mind shorting at supply zones downwards too.
Will keep shorting till structure breaks
AUD/CAD 4H Timeframe AnalysisAUD/CAD 4H Timeframe Analysis
Trend:
In the 4H timeframe, the AUD/CAD pair is currently in a downtrend, characterized by the formation of lower lows and lower highs. Recently, we have seen the formation of a bull flag pattern, which typically signals a potential reversal or continuation of a bullish trend. The price has broken through two minor key support levels at 0.90600 and 0.89800. Our objective now is to wait for the price to retest the 0.90200 level, which may lead to an accumulation phase for buy orders. We anticipate a potential manipulation phase, or stop-loss hunt, below the minor key support and within our liquidity zone. Following this, we will wait for the price to return and break above the minor key support before taking action.
Price Action Expectation:
We expect that the bull flag formation could signal a breakout to the upside. Once the price breaks above the minor key support, it could trigger further buying momentum. Our goal is to place a buy stop order above the 0.90200 level, once the price demonstrates strength in breaking through, while protecting our position with a stop-loss below the liquidity zone.
Trade Setup:
Trade Type: Buy Stop
Entry Price: 0.90100 (just above the minor key support)
Stop Loss: 0.89380 (positioned below our liquidity zone to protect against adverse movements)
Take Profit: 0.91590 (targeting the next key resistance level)
Upcoming News (Fundamental Outlook):
This Friday, we have important economic data from Canada that could influence the price of AUD/CAD:
Core Retail Sales m/m (Canada): Expected at 0.2% (previous: 0.9%)
Retail Sales m/m (Canada): Any surprises in these retail sales figures could affect the CAD strength. A weaker-than-expected reading may lead to bearish pressure on CAD, which would support our bullish outlook for AUD/CAD.
#AUDCAD 4HAUDCAD 4-Hour Analysis
The AUDCAD pair is trading near a channel support level on the 4-hour chart, indicating a potential reversal or bounce from this zone. The channel support has historically acted as a strong area where buyers regain control, presenting an opportunity for bullish trades.
Technical Outlook:
Pattern: Channel Support
Forecast: Bullish (Buy Opportunity)
Entry Strategy: Consider entering a buy position near the channel support after confirming bullish price action, such as bullish engulfing candles or a double bottom formation.
Traders should monitor indicators like RSI for oversold conditions or MACD for signs of bullish momentum. Apply appropriate risk management with stop-loss orders placed below the support line and profit targets set at resistance levels within the channel.