AUDCAD PRINTING DECENDING TRIANGLETechnically:
AUDCAD is printing decending triangle
AUDCAD broke support level which conformition of decending triangle
AXY:Bearish
AUDCAD trade ideas
AUDCAD: Breakout & Bearish Continuation 🇦🇺🇨🇦
AUDCAD formed a huge descending triangle pattern on a daily.
A violation of its neckline is an important bearish signal.
Probabilities are high that the pair will drop much lower.
Next support - 0.907
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Lingrid | AUDCAD sideways Price ACTION. Potential SHORTThe price perfectly fulfilled my last idea. It hit the target level. FX:AUDCAD created a lower high and formed a double bottom. Overall, the trend appears to be moving sideways on the 4H timeframe. I believe the market is forming a descending triangle pattern, which suggests that the double bottom may be retested. I expect the market to move higher toward the resistance zone that has been respected multiple times before, and potentially take liquidity above the psychological level at 0.92000 before moving downward. My goal is support zone around 0.91590
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AUDCAD - 4hrs ( Sell Trade target Range 100 PIP ) 🟢 Pair Name :AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short ) Bearish
Type : Mid Term Swing
———————————
Bearish Break
0.91450 Area
Reasons
- Major Turn level / D
- Visible Range hvn
- Inner Trend
- Major Channel Middle Band
- Day Low break
- Week low Break
Bullish Reversal
0.90000 Area
Reasons
- Major Turn level
- Visible Range Hvn / Poc
- Week low Area / P
- Pattern Target
- Fibo Golden
AUDCAD- SHORTBearish Indicator
1- Series of LH and LL
2- rejection from 23.60 level of FIb
3- Rejection from Trend line resistance
4- Rejection from 1D resistance level
Entry Price- 0.91457
SL - 0.92098
TP1 - 0.90827
Tp2 - 0.90180
Bearish AUDCAD They cut interest for the Canandian dollar and it's been declining against the Australian dollar.
AUDCAD: 1D Curve AnalysisPIVOT HIGH = Resistance @ 093771
PIVOT LOW = Support @ 0.90966
⚠️ HIGH RISK SELL ORDER
(with tight stop loss)
FINAL TP @ 0.9138 🤑
AUDCAD reached resistance of its trendline!AUDCAD reached the resistance and potentially will make reversal in 1H
Good luck!
SELL AUDCAD 0.925
SL 0.9305
TP 0.915
AUDCAD - (500 pip move)Longing AUD
Expecting pullbacks in DXY - 3 of 4 weeks were positive
Weak Oil prices - Weak CAD pair
Expecting a strong move with Aussie moving up.
Short on the daily AUD/CADShort on AUD/CAD with the usual 1% risk set at 1.5xATR. However, in this case, we've also set the TP at 1:1 RR for 50% of the position as the level also coincides with the 161.8 level on a Fib we're observing. If price should breach the TP, the second half of the position would be left to run with a trailing stop at 1xATR
Audcad for buy.Price formed a rising channel on higher timeframe, on lower timeframe, price formed a descending triangle. Let price breakout of the trendline and retest the support zone, wait for bullish candlestick pattern and then we take a buy.
AUDCAD potential sell Strong opportunity to sell. I’ll be waiting for price to break the neckline then I believe we can push down to our next support point
AUDCAD Descending Triangle: Key Support Levels to WatchAUDCAD moved up from 0.9060 to reach 0.9375, and now forming a descending triangle pattern. This pattern usually appears when the price is making lower highs, meaning sellers are pushing it down, but there’s still a solid support level holding it steady, around 0.9165.
Currently, AUDCAD is trading at 0.9175, and it seems likely to keep dropping. The first level to watch is 0.9110, if the price breaks below this, it could continue down to 0.9060, where the previous rally began.
If sellers keep control, we might see more downward movement. But if support holds, there’s a chance for a bounce.
AUDCAD, Bullish FlagBullish Setup
Flag Formation
Tested its support level 3 times
Breakout can appear
Enter with buy stop and SL below support area
BREAK THROUGH SUPPORT OR RETEST looks like audcad has come to retest the 0.91650 support level for the fourth time with a good chance of a breakthrough towards the downside, although there is some rejection on the 1 hour time frame meaning some pullback, but on the daily time frame we could see break through the downside as volume seems promising
Monitoring pair 1AUDCAD Weekly Analysis
On the weekly timeframe, AUDCAD will likely approach a significant area where a retracement is anticipated. The 0.168 Fibonacci level is expected to serve as a potential pullback zone, where the price may consolidate or reverse. This level could act as temporary support or resistance, presenting an opportunity to evaluate future trade entries and exits. Observing how the price behaves around this level will provide insights into the strength of the trend and potential setups for continuation or reversal.
Audcad from weekly AUDCAD Weekly Analysis
On the weekly timeframe, AUDCAD has reached a key area where a retracement is anticipated. The 0.168 Fibonacci level has been identified as a possible pullback zone, indicating a chance for price to consolidate or reverse. This level could act as a temporary support or resistance, providing an opportunity to re-evaluate trade entries and exits. Watching how price behaves around this level can give insights into the strength of the current trend and potential setups for a continuation or reversal
AUD/CAD - Weekly AnalysisPrice is moving within a weekly uptrend, with the most recent higher high printing at the end of September last month. Currently correcting, price is finding support circa 0.9165 for the third week in a row. Potentially smaller, bullish changes in cycle could be the start of a new weekly impulse back up to major resistance at the 0.9500 zone.
AUDCAD FRI 25 OctDaily : Bearish Trend, Bearish Reversal identified,
H4 : Divergence found, ChOCH low identified. Levels 1 & 2 Completed price retracing to key level H1: ChOCH Low identified. Wait for retracement
AUDCAD : Keep an eye on it, Everything is highlightedAUDCAD : Keep an eye on it, Everything is highlighted
For an eventual Buy or Sell Setup
AUDCAD BULLSPrice failed to create a new low. H&S pattern in M15 signals a trend reversal. Equal highs = SSL (red arrows). M15 will close above the 40EMA, break structure. Cross over of the 20EMA above the 40EMA in the M1 chart.
Bearish drop?AUD/CAD has reacted off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.92022
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.9246
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.9132
Why we like it:
There is a pullback support level.
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AUDCAD: 1D MA50 just confirmed a sell signal.AUDCAD is neutral on its 1D technical outlook (RSI = 47.833, MACD = 0.001, ADX = 20.919) as the price hit and remains on the 1D MA50. The long term pattern is a Channel Up that 3 weeks ago made the latest HH. The crossing under the 1D MA50 has confirmed the new bearish wave as the July 23rd January 5th 2024 crossings did. The 1D RSI is also on an identical correction. All pullback waves hit atleast the 0.618 Fibonacci level, which yet again is what you should be targeting (TP = 0.905500).
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