AUDCAD trade ideas
AUDCAD - 4hrs ( Sell Trade Target Range 140 PIP ) 🟢 Pair Name :AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short )
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Bearish Break
0.90750 Area
Reasons
- Major Turn level
- Trend Break
- Visible Range Hvn
- Fibo Golden Zone
- week low
Bullish Reversal
0.89500 Area
Reasons
- Major Turn level
- Visible Range Value
- Pattern Target
- Choch Zone
- Fibo Golden
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.
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
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.
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
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
BUY AUDCAD - Why you MUST analyze multiple time-framesTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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**AUD/CAD Short Setup: Targeting 0.91310**🔻 **AUD/CAD Short Setup: Targeting 0.91310** 📉
We’re setting up a short position for AUD/CAD, aiming to move from **0.92019** down to **0.91310**. This setup is based on key resistance levels, with a stop loss placed at **0.92207** for risk management.
🔍 **Trade Details:**
- **Entry:** 0.92019
- **Target:** 0.91310
- **Stop Loss:** 0.92207
💡 **Our Insight:** A break below current support could see AUD/CAD making a move down to our target. We’re watching for confirmation on the next 4H candle close.
👉 Are you taking a similar position? Share your insights below!
#AUDCAD #ForexTrading #ShortPosition #TradeSetup #Pipnest
Trade 4: AUD/CAD - 2.7 RR Ratio Longer Time Frame: 1D
1. A Bullish Engulfing candle was formed on 7th Nov, breaking the structure of downward trend
2. Pulling fib retracement from pivot low to pivot high, we can see the price is currently in between 0 and 0.236 levels of fib
Shorter Time Frame: 30min,15min,5min
1. At point "1" we can see that price took resistance, however the 30min and 15min, the shorter HMA was still above the medium HMA
2. We waited until the medium HMA crosses over shorter HMA in 15min timeframe
3. Price retraced back to resistance at point "2" and now medium HMA is above shorter HMA
Bias: Short
Since there was an bullish engulfing candle in longer time frame, we are expecting a pullback to retest the bullish trend. Even in the shorter time frame, we see a small head and shoulder along with double top being formed.
Entry:
1. The next cross under of shorter EMA with medium EMA when the medium HMA crossed over shorter HMA
2. Waited in 15min timeframe to observe the EMA cross under
3. Dint wait for FVG, entered at the open of next candle of break out
Target:
1. 0.236 level of Fib
2. If 0.236 is broken, can be pushed to 0.382 level
SL:
Above the EMA cross under in 5min time frame
Bearish drop?AUD/CAD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 0.919899
1st Support: 0.91503
1st Resistance: 0.92627
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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AUDCAD Duck Hunting BuyI entered on a market buy order when price came back to the 60SMA and stochastic 20,1,1 shown oversold. I am going for the length of the Asian Consolidation as my TP, which is at 2.13R, and I referenced my stop loss just below the previous few candles, but I am not sure if it is too tight. But we shall see.
AUDCAD - 4hrs ( Buy Trade Target Range 150 PIP ) 🟢 Pair Name :AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Long )
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Bullish Break
0.92000 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Pattern Break
- Choch Zone
- Month High Area
Bearish Reversal
0.93600 Area
Reasons
- Major Turn level
- Visible range Lvn
- Choch
- inner Top
- Quarter's High Area
AUD/CAD Sell Strategy: Testing Resistance with Downside Targe
Trade Setup: AUD/CAD is currently selling at 0.9266, targeting 0.8939.
Key Resistance Level: The 0.9270 level acts as resistance, aligning with a significant Fibonacci retracement.
Recent High & Low:
High: Recent high around 0.9380.
Low: Current low near 0.9102.
Technical Signals:
Resistance at 0.9270 marks a potential reversal zone, reflecting selling pressure.
Bearish momentum is expected toward 0.8939, which is contingent on sustained downward movement.
Market Context: Recent highs and lows frame a broad trading range, with Fibonacci levels adding technical validity to sell-side positions near resistance