AUDCAD trade ideas
AudcadAbout this chart be careful! We have different data between brokers. Specified low ( green circle) is lower low in JForex
AudcadAbout this chart be careful! We have different data between brokers. Specified low ( green circle) is lower low in JForex
Bearish reversal off 61.8% Fibonacci resistance?AUD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement an could reverse from this level to our take profit.
Entry: 0.92436
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.93007
Why we like it:
There is a pullback resistance level.
Take profit: 0.91787
Why we like it:
There is an overlap support level.
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AUDCAD ShortsAUD/CAD Analysis
• Daily Timeframe: The pair is currently in an uptrend, following a trendline that has been respected so far. This indicates overall bullish momentum.
• 4-Hour Timeframe: A pullback appears to be underway, suggesting the price may retrace and test the trendline again. Recently, the pair formed a higher high, and I anticipate the formation of a higher low as part of the ongoing trend.
• 1-Hour Timeframe: The price recently broke a key support level on the 4-hour chart. This level is now being tested as a new resistance, indicating a potential reversal zone. The current move appears to be a bounce from the previous support-turned-resistance, setting up for a short-term move downward.
Trade Setup: This setup provides a potential risk-reward ratio of 1:4 for a quick trade to the downside. I’m expecting this scenario to play out before the end of the week.
AUDCAD Analysis: Technical Framework Supporting Bullish BiasCurrent Market Position:
The AUDCAD currency pair is currently trading at the 0.9187 pivot level.
Market Bias:
Bullish - The outlook indicates a strong potential for upward movement.
Technical Indicators:
Both the Super Trend and Pivot HL indicators are signaling a high probability of bullish continuation. This suggests that the market may maintain its upward trajectory in the near term.
Target Price:
The immediate target is set at 0.9226. This level represents a logical point for profit-taking should the bullish trend continue.
Explanation of Indicators:
Pivot Points are critical technical analysis tools that help traders determine the overall market trend across various time frames. They serve as potential support and resistance levels, assisting traders in making informed decisions based on market movements.
Conclusion:
With strong bullish signals from both the Super Trend and Pivot HL indicators, traders may look to capitalize on potential upward movements in the AUDCAD pair.
Wishing you all the best in your trading endeavors!
AUDCAD - Long idea !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. I want price to continue the retracement to fill the imbalance and then to reject from OB.
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AUDCAD POSSIBLE SELL OPPORTUNITY!!!Bearish momentum sets in!! Price is set to sell massively as it currently trade at 0.91827 a sell opportunity is envisaged from the current market price. Target is 0.90666
I'm going short on AUDCAD1-MSS was formed on 4h
2-Market came back straight to the 0.78 Fib Level created a new internal MSS.
3-Leaving behind a BB, an OB and a FVG.
4-I could wait for extra evidence on 15 min but...
AudcadHi traders. We have an Engulf above the chart. It's sign of market direction; Price can reverse and start uptrend
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
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: Trend in daily time framePlease pay special attention to the very accurate trend, channel, and colored levels.
Be careful
BEST
MT
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
AUDCAD SHORTAUDCAD is making Higher Highs and Higher Lows, it Is in up trend but now it formed RSI divergence. it will likely to change its up trend into down trend so place the sell stop order below HL
Bearish viewJust wait for Price to Pullback and Retest our Zone after that we can go Short with Minimum 1:2 RRR
AUDCAD: More UP!Continuation of my previously published audcad trade idea.
-Daily break and retest completed.
-Fibs and ema lining up.
AUD/CAD possible shortI am waiting the price to go to the gap to enter short. The idea is a my personal point of view based on the fill of the gaps that there is in the graph.
AUDCAD ChartAUDCAD Chart
There is bullish trend but there is bearish divergence. Wait for the break of last HL. Will open short trade if the HL breaks and stoploss at the last HH.
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.
