AUDCAD Pair : AUDCAD ( Australian Dollar / Canadian Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Rising Wedge as an Corrective Pattern in Short Time Frame
Demand Zone
AUDCAD trade ideas
AUDCAD - Bullish ReversalThe pair has made a bullish RSI divergence. We are selling it on the break of higher low retracement. The trade plan is set, let's hope for the profit!
AUDCAD IDEAAudcad is trading in a consolidation zone. Wait for a breakout confirmation before entering. Goodluck
#AUD/CADHello everyone,
In my opinion, The AUD/CAD can dive to ahead targets in 1H time frame.
Note: This is not an investment suggestion.
CadaudAs we see the market is on a down trend and we have to follow de trend, so we also have a head and sholder pattern so we wait for price to retrace den we sell more
idea on a charthe Canadian dollar pared earlier gains against the U.S. dollar on Tuesday as oil prices fell and domestic inflation data supported expectations the Bank of Canada would cut interest rates further next month.
The loonie was trading nearly unchanged at 1.3630 per U.S. dollar, or 73.37 U.S. cents, after touching its strongest intraday level since July 11 at 1.3606.
Canada's annual inflation rate cooled to a 40-month low of 2.5% in July, matching forecasts, and core inflation measures eased.
"Today's CPI print should be enough to quell concerns about sticky inflation pressures in Canada after two marginal upside surprises in May and June," Claire Fan, an economist at Royal Bank of Canada, said in a note.
"The hurdle for more BoC cuts this year is low and we continue to look for another 25 basis point cut at their next meeting in September."
AUDCAD in downtrendAUDCAD is declining on hourly time frame also there is clear divergence on one hour chart short sell is good option at current levels .
AUDCAD Short PositionSeasonality Analysis: Historical data suggests a bearish seasonality for AUDCAD during this period, indicating a higher likelihood of downward movement in the pair.
RSI Bearish Divergence: The Relative Strength Index (RSI) is showing a bearish divergence. This occurs when the price is making higher highs, but the RSI is making lower highs, signaling that the upward momentum is weakening and a potential reversal is likely.
AUD/CAD Confirmed for Bearish as correction wavego short now
or
keep your trade online if you short brefore
- price make lower high at green arrow
- price make lower low at red arrow
- price break current support area at H1 Time frame and retested it
this confirm that correction wave will be valid until reach to profit levels
have fun :)
AUDCAD is BearishBearish divergence seems to be playing out on four hourly time frame, as previous higher low is successfully broken. Now according to Dow theory, price will define a lower high before rallying downwards. Targets are mentioned on the chart.
AUDCAD Long Market structure bullish on HTF DH
Entry at Daily AOi
Weekly Rejection at AOi
Strong Weekly bullish Engulfing candle
Daily Rejection at AOi
Daily EMA retest
Previous Daily Structure point
Around Psychological Level 0.91000
H4 Candlestick rejection
H4 Rejection from Previous structure
Levels 4.64
Entry 90%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
AUDCAD - BearishAUDCAD is trading near neckline of the head and shoulders pattern. Bearish Divergence is formed on 1H timeframe. We will keep our entry price for sell position below the neckline and stoploss above the right shoulder.
2024-08-21 -AUDCAD, Bearish MoveAUDCAD chart has completed the AB=CD with the bearish divergence on 4 hour timeframe. It will most likely change its trend now
Seasonality: Bearish
EP: 0.91544
SL: 0.91900
TP1: 0.91098
TP2: 0.90652
AUDCAD Burgain Hunting LongAUDCAD Burgain Hunting Long
- Price is trending above 15 period Hull Moving Average
- Burgain Hunter entry
- MA Angle Trend Filter Confirmation
- Basic R:R 5:1 and then adding with 1%
- Adding to trade 4 times at 1 R Distance
- Closing all trades at Final Target - Strong Resistance Level
- Cut losing trade on first Bearish Candle
The ultimate goal is to make the system simple and easy to follow, simple rules, buying discount and selling premium. Cutting losers short and making maximum from winners. Cheers.
