AUDCAD trade ideas
AUDUSD potential Breakout and RetestAUDCAD has broken and closed below its consolidation zone and is currently testing the resistance level around 0.91200. It seems to be pulling back for a retest at this level. The market is showing lower lows and lower closes, signalling bearish dominance. A break-and-retest scenario is expected, where the price might pull back to test the resistance before potentially continuing downward. This is a key level to monitor, as holding here could confirm the continuation of the bearish trend. The target is the support level at 0.90775
AUDCAD: Time to Drop Lower 🇦🇺🇨🇦
AUDCAD was consolidating within a horizontal range for 2 weeks.
The release of high impact fundamental news earlier this week
made the pair bearish.
The price managed to break and close below a support of the range on a daily.
We can expect a bearish movement now.
Next support - 90.5
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Lingrid | AUDCAD breakout and RETEST tradeThe price perfectly fulfilled my last idea. FX:AUDCAD has broken and closed below the consolidation zone. The price is currently testing the resistance level around 0.91200, and it appears to be pulling back toward this level for a retest. The market is making lower lows and lower closes, which indicates a bearish dominance. I anticipate a break and retest scenario, where the price may pull back to test the resistance before potentially moving lower. This is a critical point to watch, as it could confirm the continuation of the bearish trend if the level holds. My target is support level at 0.90775
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Free Short Setup on AUD/CAD To Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDCAD Outlook💹 Forex:
📉 Bearish Outlook:
AUDCAD has been breaking into new lows on our 5hr, 30m and 5m time frame.
Context time frame (5hr): Price has been surfing below the 10ema and is showing strength.
Context time frame (5hr): Price has brokeup and made a valid pullback into the 10ema and has showed a valid pullback.
Validation time frame (30m): Price is showing strength and surfing below the 10/50/200 EMAs.
Validation time frame (1D): Price has brokeup into the 10ema/50ema and has showed a valid pullback.
Entry time frame (5m): Price has brokedown below the 10ema/50ema and has showed strength.
Entry time frame (5m): I am interested in price if we can re-distribute by coming back to the 10/50ema and then get our entry setup.
Keeping an eye on this. 👁️
five waves correction at playlooks like the price is currently correcting, we are waiting for a tap of 61.8 price level, then we'll wait for our sell setup confirmation.
AUDCAD, A selling opportunity after a price retracement?I am looking to sell AUD weakness on the back of poor economic data against possible CAD strength. There may be a retracement back to a 0.618 Fibonacci level (on my chart) this afternoon on the Canadian interest rate announcement at 13:45 GMT. I intent to sell at 0.9125 SL at 0.9175 and TP at 0.9033.
Long term Canada has a better economic outlook than Australia going forward with it riding on the back of the US economy doing better than China (China is a major trading partner of Australia).
This is my view at the moment and could change after the BoC announcement or anything else for that matter. I see a similar selling opportunity with AUDJPY that I may post.
AUDCAD: Long Entry.Active Trade.
Entry: 0.91050.
(Optimal Entry would have been *0.91000* but needed a level break confirmation. This level can still be used as an entry if a "Retest" is achieved.
TP: 0.92500
SL: 0.90500 (Or Below).
RR: 1|3.
*This trade is a result of SUBJECTIVE analysis*
AUDCAD: Bearish Move Confirmed?! AUDCAD has broken and closed below a support area within a long horizontal trading range on the 4-hour chart.
Given the previously bullish sentiment, it is possible that selling pressure has been building up within this range.
This breakout could indicate a shift towards a bearish trend reversal. Targets for this potential movement are at 0.9071 and 0.9041.
AUD/CADAUD/CAD
The price has been consolidating since August 19th and has now finally broken out.
On the 4-hour timeframe, I’m waiting for a retracement to the 0.5 - 0.78 Fibonacci levels to consider a short entry.
AUDCAD - Bullish Surge InsightThe AUDCAD has regained bullish momentum following a break and retest of the neckline in its Head & Shoulders formation. This development suggests a potential buying opportunity may emerge upon a break above the previous swing high, with a stop loss strategically placed below the retest level. This setup aligns with the ongoing upward trend and offers a favorable risk-reward ratio for traders looking to capitalize on the renewed bullish sentiment.
AUDCAD SELL OFFUptrend exhausted and price consolidated for a while. Now we have a break and printed a bearish engulfing candle on the support line.
TRADE ACTIVE
This is not trading advice, this is my personal analysis. Trade at your own risk.
AUDCAD: Bullish Trend (Bullish Flag) AUDCAD is moving in uptrend and currently its forming bullish flag without any bearish divergence or bearish sign, so we will wait for the break of the flag to take a long trade with proper Risk Management and mention SL.
AUDCAD - short (at least short-term)Please check my previous chart on AUDCAD to understand my main idea. I still remain cautious and believe that the bulls haven´t won the fight just yet.
Short-term I believe we will go down for about a week until we will learn about the nature of the price action.
Bearish case = We just finished a wave 2 and made the first 1-2 of a longer wave 3 down.
Bullish case = We could have potentially several 1-2 setups on different wave degrees and we are currently in the 3rd 1-2 setup and price should continue into my green box. If the bullish scenario becomes reality we should see the price rising very strong after touching that box.
So, short-term bearish for sure!!!
Personally, I believe in much more downside but we have to follow the charts and listen to what price tells us.
AUDCAD - shortAUDCAD taken Buyside liquidity. Looking for an entry on the 5 min confirming that we are going lower to take out sellside. If not entry pattern, no trade
AUDCAD: Bullish Continuation & Long Signal
AUDCAD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long AUDCAD
Entry - 0.9118
Sl - 0.9095
Tp - 0.9157
Our Risk - 1%
Start protection of your profits from lower levels
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P2P INDi Update: AUD/CAD 4-Hour AnalysisAUD/CAD is trending lower , moving from a pivot high of 0.9264 down to a pivot low of 0.8782.
The 4-hour timeframe reveals a mixed outlook:
Oscillators: Show a balance between neutral and bearish signals, with some indicators suggesting the pair is oversold.
Moving Averages: Most short- to mid-term MAs are pointing to continued bearish momentum, but the 200-period MA offers long-term support near current levels.
Market Insight: The Australian Dollar faces pressure, likely from weaker commodities, while the Canadian Dollar is supported by stable oil prices. Monitor for either a breakdown or a bounce from support around 0.9115.
Stay vigilant and watch for confirmation before taking action.
AUDCAD Longmorning from this side guys, here is my take on this pair currently, i am looking to go long once the market gives me a confirmation because liquidity has been swept and that was very close to my area of interest. Now the funny thing about this chart is that, this same market condition has occurred on AUDUSD on the May 22nd, 2024 - June 10th, 2024 producing a fake double bottom; check yourself, honestly if you can take your time and sit with this forex of thing and then say to yourself I AM GONNA MAKE IT IN THERE, Bro even if the world turns against you, you will never back down, this is because I NEVER GO THROUGH ANY MENTORSHIP since i am a conventional broke dude, I DON'T HAVE THE BILL, that's what i mean, (though it took me a lot of time and stress to master).
BUT, pls i am not telling anyone to take on my words because all my above epistles 😂😂 doesn't mean if the market gives me the conditions for entry, the position will surely be a winner
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 )
Type : Mid Term Swing
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Bearish Break
0.91150 Area
Reasons
- Major Turn level / D
- Visible Range lvn
- Fixed Poc Area
- Trend / Pattern Breal
- Day / week low
- Fibo Golden
Bullish Reversal
0.89700 Area
