AUDCAD / H1 / LONGAUDCAD may go upward direction.
Bullish Order Block: 0.92765 and 0.92562
The AUD/CAD pair may move upward from the bullish order block. It’s a good time to consider opening a long position, as there are higher chances of the asset’s price moving up. Let’s see how the price reacts.
I have used the most advanced price action strategy across multiple timeframes to analyze the chart. This strategy has a high success rate in trading.
ENTRY PRICE :- 0.92774
TAKE PROFIT :- 0.93218
STOP LOSS :- 0.92330
AUDCAD trade ideas
Falling towards overlap support?AUD/CAD is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 0.91801
1st Support: 0.91313
1st Resistance: 0.92483
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AUDCAD OUTLOOK FOR CAD CPI NEWSOn the verge of CAD CPI news release, AUDCAD islooking bearish while the fundamentals show a bearish CAD hence i see a spike take out previous day low and tap into the daily order block before a sharp move to the upside taking previous day highs and perhaps moving towards the highs above it.
Thats over 50 pips of price movement
comment below whatyou think of this idea as we wait to see what happens
Possible Buy Trade on AUDCADThis is my analysis trade for AUDCAD.
Weekly is bullish all the way to Daily and 4H for HTF direction.
I will wait for the price to go down to my buy zone on 4H timeframe and watch price action closely once price goes to this zone and see if price action will show possible buy trade on this using either 30M or 15M timeframe.
I added a trade alert so I will not look at this pair in the week until my alert gets triggered.
Possible target would be the next Order block on the 4H timeframe.
I will update my trade idea here once price goes to my buy zone for my possible entry on the lower timeframe.
AudCad Trade IdeaAudCad has been trending BEAUTIFULLY! I managed to catch some solid shorts to the downside last week. I published a set up last week stating that if price could push above the last lower high and give a clean flip then we could expect longs for the week. Price did just that while maintaining bullish structures. We have a solid level being 92600 that made price push to the upside in the past. If price can do the same thing here then we can expect some more longs and may even see price tap back around 93870.
Aniticipating Sell off 3rd week candleI will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
AUDCAD Daily: the bulls on the driver's seat...AUDCAD Daily: The uptrend seems to be continue during this new trading week. The price is respecting the TL and is making HH and HL for some time confirming the uptrend. A Daily Support at .088002 can be a strong rejection level if price retraces. If this strong uptrend continues we may see the price testing the 0.95552, previous resistance from January 2023. The EMA(21) is doing a good job as dynamic support and as long the price stays above that shows the bulls are in control. A possible MACD bullish cross around the zero line suggest an increase in the bullish momentum and once confirmed it will give more strength for the price test the 0.95552. I will be watching this pair tomorrow(Monday AEST) with a possible long entry targeting the 0.95552 level.
AUDCAD - 4H - BULLISHTechnical Analysis: AUDCAD is in a bullish trend, moving within a bullish channel on higher timeframes. Recently, it broke above the trendline, confirming the continuation of its upward movement. The pair is printing higher highs (HH) and higher lows (HL), signaling strong bullish momentum. We will look to buy at the 0.382 Fibonacci retracement level to capitalize on this trend. There is no divergence on higher timeframes, which further confirms the strength of the trend.
Seasonality: According to seasonality, AUDCAD typically remains bullish from the start of October until the end of December, aligning with the technical outlook.
Entry Strategy:
Entry Point: Buy at 0.92826 at the 0.382 Fibonacci level.
Stop Loss: Set at 0.92397 , just below the last higher low (HL) in a good resistance zone to manage risk effectively.
Take Profit 1: First target at 0.93256 for initial gains.
Take Profit 2: Second target at 0.93686 for extended profit.
This strategy combines both technical signals and seasonality, aiming to take advantage of the ongoing bullish momentum in AUDCAD with clearly defined entry, stop loss, and take profit levels for effective risk management.
AUDCAD My Opinion! SELL!
My dear friends,
My technical analysis for AUDCAD is below:
The market is trading on 0.9270 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9222
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Bearish reversal?AUD/CAD is rising towards the resistance level which is an overlap resistance that is slightly above the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.92725
Why we like it:
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Stop loss: 0.93199
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.91910
Why we like it:
There is an overlap support level.
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Its ready to go up. Daily / Weekly range from HTF levelIt's ready to go up. Daily / Weekly range from HTF level, it has all attributes for the successful trade.
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔