AUDCADthis is wavering into the accumulation phase this will eventually break below. I'm looking into the above zone for sell setup
AUDCAD trade ideas
AUDUSD IN BEARISH TRENDAUDUSD has broken trend line and know trading below trend line currently it has taken correction and showing bearish signals good chance for seller to short at current price .
AUD/CAD Day Trading AnalysisOn AUD/CAD, it's nice to see a strong sell-off from the price of 0.91130. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with First VWAP standard deviation of the week are my main reasons for this short trade.
Happy trading,
Dale
AUDCADConviction is high on this Potential 1:2 Setup. as divergence is formed on 1 Hr, 4 hr and Daily charts. Overall trend is Bearish.
AUDCAD Analysis: Focus on Bullish Shark PatternIf you're looking at AUDCAD, the 4-hourly chart setup might seem tempting for a buying opportunity. However, I prefer the 1-hourly chart, specifically the Bullish Shark Pattern.
1-Hourly Chart:
- Key Level : Ensure an MCC appears at 0.9041 before entering a buying opportunity.
What's your trade plan for AUDCAD? Comment down below and share your thoughts!
Happy trading!
AUD_CAD LOCAL LONG|BUY|
✅AUD_CAD fell again to retest the support of 0.9047
But it is a strong key level
So I think that there is a high chance
That we will see a bullish rebound and a move up
LONG🚀
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AUDCADADUCAD price in a bullish trend as it's printing higher highs and lower highs, there is possibly a pullback if price break support, there is a divergence on RSI, trade plan mention on the chart.
AUD-CAD Will Go UP! Buy!
Hello,Traders!
AUD-CAD is already making
A rebound from the horizontal
Support of 0.9047 so we
Will be expecting a further
Local move up on Monday
Buy!
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AUD CAD - Short ideaCan see divergence on 1h TF. Have my sell stop / entry at 0.91083.
Entry - 0.91083
StopLoss - 0.91354
TP-1 - 0.90810
TP-2 - 0.90543
NFP trade I had this trade on SL zero and it dropped but riskyWe have recently broken above a couple of minor resistance barriers, so I do think that we have a certain amount of upward momentum that eventually has to be dealt with. In the short term, it looks like we consolidate a bit in order to work off some of the froth, and that's not a huge surprise considering both of these currencies are heavily influenced by commodities, and therefore it's kind of a push pull type of argument in general. This is a pair that does tend to be very choppy because there are very similar influences on each currency, so therefore it’s not as clear of a shot as something like the British pound against the Japanese yen, for example. Because of this, you will need to be a bit more patient with a move in this AUD/CAD market.
There's no real easy path, unless of course, you have metals outperforming energy, for example, the Australian dollar is also highly sensitive to Asia. So, keep that in mind. Canada has the backing of the United States as far as economic demand is concerned. So, there are a lot of crosscurrents at the moment. Nonetheless, we are in an uptrend, and that means that buying the dip continues to be the most obvious trade here.
Audcad is the trade of the week.The reasons are;
1. All time frames are bullish from the weekly down to the 4hour.
2. It has failed to break the daily AOI.
3. We can see a strong 4hour bullish engulfing candle right on the daily AOI.
4. It is only right to go with the trend of the market and not against it.
AUDCAD BuyBasic SMA cross-over. In addition observering market structure and price action in 1H time frame
Bearish Reversal Insight AUDCAD Technical Analysis & Trade SetupThe AUDCAD currency pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), indicating a potential bearish reversal. Point D, the Potential Reversal Zone (PRZ), is aligned with a key resistance area and intersects a daily trend line, providing a strong confluence for a bearish bias.
Potential Reversal Zone (PRZ) and Key Resistance:
Point D is identified as a critical area where the price is likely to reverse. This zone is reinforced by a key resistance level, adding validity to the bearish outlook. The intersection with the daily trend line further strengthens the likelihood of a trend reversal from this point.
Entry Strategy:
To capitalize on the expected trend reversal, the entry should be made at the breakout of the support level near 0.90450. This level is crucial as a confirmed breakout here would signal the start of a bearish trend.
Stop Loss Placement:
A stop loss should be placed above the resistance level at 0.91400. This placement ensures protection against potential false breakouts and market volatility.
Take Profit Targets:
The take profit targets for this trade are as follows:
TP-1: 0.89500
TP-2: 0.88550
TP-3: 0.87600
These targets are strategically set at significant support levels to maximize gains while managing risk effectively.
Conclusion:
The formation of the Bearish Butterfly Harmonic Pattern, combined with the confluence of the PRZ, key resistance area, and daily trend line, presents a compelling bearish setup for AUDCAD. By entering at the support breakout, setting a prudent stop loss, and targeting key support levels, this trade offers a favorable risk-reward profile for traders.
AUDCAD SHORT TRADE PLANAUDCAD is in the strong consolidation phase. RSI shows a Bearish Divergence so we can expect bear trend to start very soon.
AUDCAD: Bearish Continuation & Short Signal
AUDCAD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short AUDCAD
Entry - 0.9099
Sl - 0.9117
Tp - 0.9072
Our Risk - 1%
Start protection of your profits from lower levels
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Lingrid | AUDCAD divergence at RESISTANCE zone. ShortThe price perfectly fulfilled my last idea. It went up and hit the target. FX:AUDCAD has recently tested the resistacne level and bounced back, indicating a strong defense of this key area. Notably, the price has also rejected the zone by absorbing liquidity above the previous higher high, suggesting a potential reversal. Furthermore, the daily chart is displaying a divergence at resistance, hinting that we might see a correction in the coming days. On the 4H chart, a long-tailed candlestick pattern emerged, indicating that bulls were heavily sold off, leaving us with a clear indication of market weakness at resistance. Given these factors, I expect that the price will break through the upward trendline and retest the support level, potentially leading to a reversal or consolidation. My target is support level at 0.90800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDCAD - Sell idea based on market sentimentAUDCAD has a 94% sell sentiment at this time, and has printed a good size rejection candle at the 1 hour timeframe, and has broke through previous support.
Planning sell limit entry at retest of previous support.
AUDCAD SELL NOWAn uptrend was broken many days ago. We are now seeing multiple rejections of the resistance. There is also a discrepancy between the volume and candlestick movement. Downward pressure is beginning for the downtrend.
AUDCAD - Buy SetupAUDCAD is forming Bullish Rectangular Pattern which is a continuation pattern.
Therefore, we will look for a potential Buy setup.
AUDCAD Will Fall! Sell!
Please, check our technical outlook for AUDCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.910.
The above observations make me that the market will inevitably achieve 0.900 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUDCADhi everyone !
AUDCAD is so interesting to trade
i've explain in the chart
wish my idea can help you guys.
disclaimer
i just share what i see and i know
this is not a signal
be smart everyone !!
GBU !
