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AUDCAD trade ideas

AUDCAD Long PositionHigher Highs (HH) & Higher Lows (HL): The pattern of higher highs and higher lows is an indication of an uptrend, showing that the buying momentum is strong. Trendline Break and Retest: The break above a key trendline signals a shift in market sentiment toward the upside. A retest of this trendline provides an opportunity to confirm the trend change as previous resistance becomes new support. Buy Stop Above Recent Higher High (HH): Placing a buy stop order above the most recent higher high allows you to enter the trade only if bullish momentum continues, reducing the risk of entering on a false breakout. Entry: Place a buy stop order just above the recent higher high (HH). This allows you to enter the trade if the price continues moving upward, confirming the bullish momentum. Stop-Loss: Place a stop-loss order below the most recent higher low (HL) or below the retested trendline. This helps to protect against a potential reversal and limits risk.
Long
by SohailChaudhary
1
AUD/CAD Day Trading Analysis With Volume ProfileOn AUD/CAD , it's nice to see a strong buying reaction at the price of 0.91130. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Fair Volume GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
AUDCAD SHORTMonthly Overall sentiment Bullish, I'm expecting price to continue lows having come of a tweezer top candle formation last month with price failing to close above this resistance level at 0.9375 for 2 years now with almost identical PA coming of those very highs. we have EMA support which if breached will be further confluence for big move to the downside. Weekly Overall sentiment Bullish, although looking at PA in the bigger picture it seems bullish with price closing below my AOI and dynamic ema resistance I feel there is a chance we can get a ema crossover if PA continues bearish for the early part of next week with aims to fill out previous weekly candles wick. On the other hand any significant change of character or bullish formations or closes above 0.9200 key level and just above previous weekly highs would be a signal of a reversal. Daily Overall bearish PA producing LH & LL, I like this daily chart as PA is ver simplified along with LL/LH we have price consistently rejecting AOI at 0.9170 this area is now acting as a resistance whereas it was previously support for the month of October, further confluence is 50 Ema dynamic resistance and weekly fib 0.618 level holding. 4hr + Entry Overall bearish with somewhat clean PA to the downside, outlooks similar to daily with ema, fib and PA confluences ill await 4hr bearish close somewhere below 0.9160 to execute shorts This was the analysis I mentioned in previous video where I stated I believe I may prefer this over FX:AUDCHF Shorts If you find this analysis helpful or even if you oppose it pls like or comment would be good to hear your feedback! ;) All Technical analysis is for journaling purposes.
Short
by MarlyForex1
AUD/CAD Analysis (4H Timeframe)🚀 **AUD/CAD Analysis (4H Timeframe): Targeting 0.93000!** 📈 AUD/CAD is currently at **0.91616** on the 4-hour chart, with a target set at **0.93000**. This pair is approaching key levels that could support a bullish move toward our target in the near term. 🔍 **Key Levels to Watch:** - **Current Price:** 0.91616 - **Key Resistance:** 0.92211 - **Key Support:** 0.91070, 0.90378 - **Target Price:** 0.93000 💡 **Our Strategy:** A strong move above 0.92211 may signal the beginning of a bullish push toward 0.93000. We’re monitoring these levels closely for confirmation. 👉 What are your thoughts on AUD/CAD’s next move? Let us know if you’re bullish too! #AUDCAD #ForexAnalysis #PricePrediction #KeyLevels #Pipnest
Long
by pipnest
7
AUDCAD Is Very Bearish! Short! Please, check our technical outlook for AUDCAD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.914. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.910 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1