AUDCADH&S formed that's a reversal pattern & it has now been broken & retested making past support future resistance, there's also an engulfing bearish candle on H2.Shortby beaufordUpdated 339
idea on a chartWW have a great set up where price could possible go AUDCAD price ended the recent bullish rally by facing the major resistance at 0.9125, to form solid obstacle against recording any new positive target and notice the beginning of activating the correctional bearish track and settling near 0.9060. Now, stochastic decline towards 50 level will increase the negative pressures on the price, allowing us to suggest more negative attempts and wait to target 0.9020 and 0.8990 levels.by EZIO-FX3
AUDCAD Bearish Harmonic Pattern - Strategic Trade SetupThe AUDCAD pair is currently exhibiting a Bearish Harmonic Pattern (XABCD), with Point D anticipated to act as a Potential Reversal Zone (PRZ). This analysis aims to identify strategic entry and exit points based on the confluence of multiple technical indicators. Key Technical Indicators Potential Reversal Zone (PRZ): Point D aligns with a significant Key Resistance area, which historically serves as a strong barrier to upward price movement. 4-hour Trend Line: The trend line, which has acted as a pivotal point in previous market movements, intersects at Point D, reinforcing the likelihood of a reversal. Bearish RSI Divergence (1-hour): The Relative Strength Index (RSI) on the 1-hour chart displays a bearish divergence, suggesting weakening bullish momentum and potential for a bearish reversal. Trade Setup Entry Point: A strategic entry is recommended at 0.91113, where the confluence of the aforementioned technical factors indicates a high probability of a trend reversal. Stop Loss: To mitigate risk, a stop loss should be placed at 0.91261, slightly above the resistance level to avoid false breakouts. Take Profit Levels: TP-1: 0.90964 The first take profit level is set at 0.90964, capturing initial downward momentum and ensuring partial profit realization. TP-2: 0.90816 The second take profit level at 0.90816 aims to capitalize on further bearish movement, aligning with intermediate support zones. TP-3: 0.90668 The final take profit target at 0.90668 corresponds to a more significant support level, maximizing potential gains from the bearish trend reversal. Conclusion: Based on the technical analysis, the AUDCAD pair presents a compelling bearish setup with multiple converging indicators at Point D. The proposed entry at 0.91113, supported by a precise stop loss and structured take profit levels, offers a well-balanced risk-reward ratio. Traders are advised to monitor price action closely as it approaches the PRZ to confirm bearish momentum before executing the trade.Shortby trading_jupiterUpdated 2222
Awaiting breaking from the up trend or confirmation to buyAwaiting breaking from the up trend or confirmation to buy. But in all you do ensure to get a confirmation before placing any trade and apply risk management.by Mike0340
Sell for AUDCADDivergence confluence with gold heading down and oil on its wayShortby Drippysnipes3313
AUDCADAUDCAD is in uptrend after break out on 4 hour time frame showing strong upward movement buying is recommended at current levelsLongby kashif19990
AUDCAD analysisIn case of failure, the sales transaction range will be activated! Please be careful!by hamed-aghamirzaei1114
AUDCAD - Accumulation phase ✅Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: As we can see here price is in a range for the last couple of days, so I expect we can see a manipulation of sell side liquidity and then price to reject from FIBO 0.618 level for distribution. Like, comment and subscribe to be in touch with my content!Longby Snick3rSD11
AUDCAD in bullish trend AUDCAD in bullish trend expected breakout according to sentiments short playShortby shahmir551117
AUDCAD is approaching a significant supportHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.90600 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90600 support and resistance area. Trade safe, Joe.Longby JoeChampion8
AUD/CAD for Bullish with Up Trendyou can go long now or wait for break current resistance (Red Arrow) and go long with retest - General Trend is Up Trend - Current Resistance Retested before so may be broken with the weak of CAD - if price fail to break current resistence area it may pull-back to create higher low at area 50:61 fibo (Blue Arrow) have fun :)Longby maxbayne0
Audcad bullishAudcad buys weekly demand tested and continuing the bullish sentiment from 0.9125 to 0.9250 to close trade.Longby projectiwill0
Bullish trend on AUDCADHi traders ..... I think AUDCAD can resume bullish trend on 4H time frameLongby Dr_dany111
AUDCADAUDCAD is currently reversing trend, trade can be executed as it broke trend line .Shortby onlysignals2
RANGE ENTRYPrice now being in a 30M range we’re patiently waiting for a Bos within the range to push price lower before the CAD cpi news comes in for a buyShortby Andy_Col3222
AUDCAD - BUYAUDCAD made a 3rd touch of a bottom of an ascending channel and correctively formed a flag which it is about to brakLongby rossiiey1
AUDCAD forming double topAUDCAD has formad a double top with divergence which indicated a reversal pattern. Shortby arslanjaved2124
AUDCADLooking for a sell opportunity in AC. Reason of sell: 1. M pattern formed in 1H chart. Use proper risk management. Thank youShortby joelkurienUpdated 9
Aud Cad is ripe for a sell now it hip a Monthly Pivot of 0.91048Aud Cad is ripe for a sell now it hip a Monthly Pivot of 0.91048 and now it has a 4hrs candle closed below the Pivot point its heading to hit 0.87881 another monthly pivot point , please apply proper risk managemant. Shortby ebenezerrobot6
AUDCAD Reversal AUDCAD has been rejected at the daily resistance level forming a Double Top/ with a 4h Divergence. Sell Stops can be placed at the Neckline. Sentiments also indicate for a reversal Shortby Trader-Hash4