AUDCAD for sellPrice broke out of a weekly support and retested it, formed a double top And wait for retest, a bearish candlestick pattern for confirmation.
AUDCAD trade ideas
AUDCAD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90000 zone, AUDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.90000 support and resistance area.
Trade safe, Joe.
AUDCADAUDCAD will test Opening Price 2024
Sell Plan
N3 = 0.90270 (Open 2024 = 0.90284)
SL = 0.90610
TP = 0.89090 (Open 2025 = 0.89004)
AUDCAD for Buys ?!On the 1-hour timeframe, we can easily identify an uptrend on AUDCAD with a break above the recent high confirming entries for buys. But if the market fails to do that, it will mean it is not yet ready for buys, and then sellers will take over the market. KEEP AN EYE ON THIS PAIR.
AUDCAD Tradethe price was in overall downtrend, but after breaking the last LH on major scale creating a HH.
then he came back down to create a HL.
on this manor scale the price created LL/LH. that LL been broken by the price so I have to adapte to it
i engage in a new trend
the rice brok lh to the up side so I waited for hem to came back and show me a signe..
Sell Limit LoadingGod First
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AUDCAD H&S PART 2I've already shared my analysis yesterday but the market didn't respect the Neckline so the trade was cancelled with no entries
Now our best move would be to wait for the breakout of the New low this will confirm sellers are in control and the market will drop, meaning we can place our sells there
comment below if you want me to elaborate more
audcad sell tradeThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
AUDCAD 05/02/2025Weekly:
-H&S pattern.
Daily:
-Bearish W pattern.
-H&S pattern.
4H:
-Bearish W pattern.
-H&S pattern.
DOUBLE TOP NECKLINE BREAKOUTThe analysis showed that the Market formed Double top and a breakout occurred on the Neckline and now it's being retested meaning if the candlesticks closed bullish on the Neckline(retest) there's a high chance the market will go down so get your sells ready👍
AUDCAD Continuation SELL Trade (Trend Continuation)📌 Entry: Sell at 0.9000–0.9025 (Retest of broken structure).
📌 Stop Loss (SL): Above 0.9050.
📌 Take Profit 1 (TP1): 0.8970 (Short-term level).
📌 Take Profit 2 (TP2): 0.8920 (Major demand zone).
📌 Final TP3: 0.8880 (Liquidity zone).
🎯 Risk-to-Reward (R:R): 1:3+ (Solid trade).
✅ Confirmation Needed:
Bearish engulfing (H1/H4) at 0.9000–0.9025.
AUDCAD SELL IDEAOANDA:AUDCAD Overall bias is bearish. Price made a retest into the Daily AOI, awaiting a 4h bearish engulfing to confirm bearish bias to the downside on AUDCAD
ABOUT AUDCADMy option about audcad Is more bullish so that zone is good and strong support,if the price comes to that zone it can pullback,for London session
AUDCAD: Important Breakout 🇦🇺🇨🇦
AUDCAD managed to violate a support line of a wide
horizontal range on a daily.
It opens a potential for a further decline.
Next support - 0.892
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AUDCAD updated Count
Trade wars have been giving a lot of volatility to any pair with CAD.
I´m currently working with the count on the image. Blue B would be happening as a flat correction, and we would soon regain the uptrend for five waves up, for Blue C.
AUDCADAUDCAD is in bearish trend.
Potentially printing LH and LL.
No sign of reversal here.
Aligator also shown that trend will go down.
we sell at CMp.
AUD/CAD Under Pressure as Trade War EscalatesChina responded with retaliatory tariffs on US imports, announcing 15% duties on coal and liquefied natural gas (LNG) from the US, alongside 10% additional tariffs on crude oil, agricultural equipment, and automobiles. This deterioration in global trade relations has weakened commodity-linked currencies, particularly the Australian dollar, as China remains its largest trading partner. Meanwhile, the Canadian dollar is relatively stable, benefiting from moderate oil price gains and Canada’s exemption from immediate US tariffs.
Key Technical Levels
• Resistance Levels: 0.90115, 0.90858
• Support Levels: 0.89655, 0.89328, 0.88912, 0.88452
Upcoming Key Economic Events
• Canada’s Trade Balance (Wednesday) – Expected to impact the CAD’s performance, particularly amid ongoing US trade policy uncertainty.
• Australia’s Trade Balance (Thursday) – A weaker-than-expected report could exert further downside pressure on AUD.
• China & Canada’s PMI Data – Investors will closely watch economic sentiment indicators for potential shifts in risk appetite.
• Canada’s Employment Report – Job market strength will be key in determining the Bank of Canada’s future rate policy stance.
AUDCAD Will Go Up! Long!
Take a look at our analysis for AUDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.901.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.913 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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AUDCAD - Long TradeGBPCAD is forming higher highs with no bearish divergence.
Entry is at the retracement at HL.
STRONG UPTREND FORMING UPGood day traders, as we can see that AUDCAD has high Market volatility and the current trend is really clear but we can see Bulls have the advantage
A Change of Character(trend) occurred and we can see a NEW HIGH formed, giving us a sign bulls might be in control
The best move would be to wait for the market to break above the NEW HIGH and wait for a retest that will confirm that buyers indeed took over the market and are in control, meaning we can BUY
but if it breaks below the Major low, then it means this set up failed and sellers are taking over
AUDCAD buysLooking for orderflow continuation to the upside as CAD is showing relative weakness continually.
Trade safe🥂
New value area high createdNew value area high created to start Monday
CAD is more impacted due to its trade partners, although AUD affected as well due to ties with China
China also denounceds Trump tariff: 'Fentanyl is America's problem'
information created and published doesn't constitute investment advice!
NOT financial advice
