AUD/CAD For Bearishyou can go short now
or
wait for entry point as pull-back and then go short
have fun :)
AUDCAD trade ideas
13-11 AUDCAD13-11 AUDCAD This has been in a downtrend all day. We put in a sell at 0.90882 based on the negative scores of Retail sentiment -1 and Trend reading -1. All other factors are at 0. The Wage Price Index q/q came in at 0.8% last night which is a deterioration.
AUDCAD- Bearish Entry with Bearish Flag Bullish ChannelBearish Indicator :
1- Formation of Bearish Flag Pattern
2- Formation of Bearish Channel
One sell leg for AUD/CADReason
1. Daily AO, MACD4C and MACD all moving back to zero line, so the daily bar still have room to drop
2. 4HR MACD signal and histogram below zero line, moving down signal
Confirmation to SELL
1. Waiting 15m and 1HR MACD signal to sell
AUD/CAD DIRECTIONIn AUD/CAD market overall is bullish,as we can see price is making a correction and after correction move we get impulsive move.also price after reach Fair value gap it show good reaction indicating bulls present in the market there for we're targeting swing high.see yo
AUDCAD next possible moveWe are waiting for our asset to reach our action zone, and based on the reaction, we’ll decide on our next moves. ALWAYS WAIT FOR A CONFIRMATION TO SEE IF THE PRICE VALIDATES THE ZONE
AUDCADfundamental score 7
technical out look
bullish flag breakout
tapping FVG and support from key level
bullish divergence @4 HTF
**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
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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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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 ( Long )
———————————
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
7-11 AUDCAD:a clear signal that our system indicated: a Score of +7 built up from Cot Data 2, Retail sentiment 1, Seasonality 1, Trend reading 2, GDP 0, Manufacturing PMI 0,
Services PMI 1. from the beginning of this year increasingly higher highs. we have placed a buy at 0.92650 with a first target of 0.93580.
AUD/CAD Bank Money Heist Plan on Bullish SideOla! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist AUD/CAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Point
Stop Loss 🛑 : Recent Swing Low using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
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BEARISH signal with AUDCAD
As of November 7, 2024, the AUD/CAD currency pair is exhibiting several bearish indicators:
Technical Indicators:
1. Moving Averages: The pair has experienced bearish crossovers with its 20-period and 50-period moving averages on the 1-hour timeframe, suggesting downward momentum.
INVESTING.COM
MACD: A bearish divergence is present on the 2-hour and 4-hour timeframes, indicating potential downward movement.
INVESTING.COM
2. Resistance Levels:
The price has encountered resistance near 0.9200, which aligns with the 38.2% Fibonacci retracement, reinforcing the bearish outlook.
INVESTING
3. Market Sentiment:
Analyst opinions are mixed, with some short-term indicators suggesting a sell, while medium to long-term indicators lean towards a buy.
FX LEADERS
AUDCAD LongThe Relative Strength Index (RSI) is showing bullish divergence, which indicates that while price has been making lower lows, the RSI is making higher lows. This signals a potential reversal to the upside as selling momentum weakens.
AUDCAD has broken above a significant downward trendline, suggesting a shift in momentum from bearish to bullish. This is often a strong signal of a potential trend reversal.
After breaking a trendline, price often retests the breakout level, giving traders an opportunity to enter the trade at a better price. Buying at this retest level allows for a more favorable entry with reduced risk
AUDCAD TODAYAUDCAD TODAY for me is bullish Today.
I looking entry after a little bit down and reverse on M15 or M5
AUSSIE STRENGTH OVER THE CANADIANS?Commodity Prices:
Both Australia and Canada are major exporters of commodities, particularly metals and energy. If there has been a rise in commodity prices (such as iron ore, oil, or copper), it can benefit the Australian Dollar (AUD) if these prices are moving in Australia's favor.
For example, if oil prices (which directly affect the Canadian economy) have dropped, it could hurt the CAD, making the AUD relatively stronger.
Economic Data:
Positive economic data from Australia (like strong GDP growth, employment figures, or retail sales) can boost the AUD.
Conversely, weaker-than-expected economic data from Canada (such as lower-than-forecasted GDP growth, inflation figures, or trade balances) could make the CAD weaker and lead to a stronger AUD/CAD.
AUD-CAD Resistance Ahead! Sell!
Hello,Traders!
AUD-CAD keeps growing
But the pair will soon hit
A horizontal resistance
Of 0.9206 from where
We will be expecting a
Local move down
Sell!
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#AUDCAD:800+ Pips Buying Chance! Swing TradingDear traders,
We have an extremely good opportunity on AUDCAD where price have successfully filled the imbalance now we have bearish downtrend. Read the chart accordingly.
AudCad Trade IdeaAudCad has been extremely bearish for some time now! We did have price go bullish for the moment before price decided to go short again with smaller time frames to support the bears. I personally just shorted the pair with price shifting back to bearish at a resistance level. I'm looking for a 1:3rr on this set up.
AUDCAD Is Going Up! Buy!
Here is our detailed technical review for AUDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.919.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.937 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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