AUDCAD The price is at solid key level 0.8997, it is bullish from this area. Stop loss at 0.8980 and take buy entries till the target and our goal 0.9045.wish you good luck guys...
Australian Dollar/Canadian Dollar forum
AUDCAD The price is at solid key level 0.8997, it is bullish from this area. Stop loss at 0.8980 and take buy entries till the target and our goal 0.9045.wish you good luck guys...
AUDCAD tradingview.com/x/GieQW9QL/ 🔍 Technical Context:
Market Structure:
Price is in a long-term sideways range with lower highs. AUD/CAD is struggling to break above the 0.90–0.91 region, showing signs of exhaustion.
Zone of Interest (Supply):
Purple box: 0.9000 – 0.9100
A clean historical rejection zone that has acted as both support and resistance multiple times since 2022.
Entry Type:
Sell Limit @ 0.9070 placed slightly below the top of the resistance zone to increase likelihood of getting triggered on a spike.
Stop Loss:
0.9175 – above multiple wick rejections and key structure highs. Allows breathing room for volatility without compromising the structure.
Take Profit Targets:
TP1: 0.8650 (conservative target at strong support)
TP2 (optional extension): 0.8500 (major long-term range low)
Risk-Reward Ratio:
~1:3 minimum to TP1, potentially 1:4+ if extended to 0.8500.
🧠 Strategic Notes:
Trigger Conditions:
Wait for a retrace to the 0.9070 zone rather than enter at market open. This is based on the idea that a final upward effort could grab liquidity and fill your limit.
Monthly Candle Watch:
Monday is month-end. Monitor the monthly close to determine if the structure still supports the trade idea. If the close is strongly bullish and you’re triggered early, be open to closing the trade early to avoid deeper drawdown.
Why It’s High Probability:
Multi-year horizontal structure
Repeated failure to hold above 0.90
Candlestick wicks rejecting the same zone
Fundamentals slightly favor CAD over AUD (higher real yields, oil correlation)
Defined invalidation point and asymmetric reward
AUDCAD Latest update potential bullish reversal from key support
AUDCAD long...BAC @ 9010
system beeping 🙈
AUDCAD go deeper sweetie … below 0.9000 means 0.89000 :)))
AUDCAD Back when i was live poker, I like to do this thing called "stab the pot", where we put some money into the pot and see if we could get our opponent to fold their hand.Look at the arrows pointing at those amount of players took a stab at the pot.
This is the 4H time frame, so, imagine how many people stabbed at the pot in each and every spike.
The spikes are not all the same, some are longer some fall short, but they are all doing the same thing.
Stabbing at the pot.
Give enough buffer and allow others to take a stab at the pot, too. Some might over do it.
It's the musical chair thing. Keep stabbing the pot until the music stops.
But of course, I am not in this trade, and will not be trading until the month is over.
I am just including the RRR as a eyeballing project.
Also, price is showing oversold in stoch 20,1,1, giving confidence that it's a good idea to buy.
Based on previous stabbing attempts, it seems that price did penetrate beyond the trendline I drew, so, I think I might shift the RRR lower to accomodate the violent stabbings that might occur later in the week.
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Besides, the RRR is quite small, I think i wouldn't place a buy limit and call it a day because the chances is high that the players stabbing might overdo it and trigger my stop loss.
I got this idea from Alson Chew from Piranha Profits as I saw his ads multiple times and decided to not click skip ads and watch what he has to say instead, and I think he makes alot of sense.
He calls it market manipulation and i think he is right!
Those areas are where money exchange hands.
When you see price swooping up or downwards in a trend, it means the players who came in late are chasing.
They don't know what they are doing, prolly. They just chase the highs and lows cos the price is moving and in their mind they think they gotta ride the trend.
I watched a video by a china guy who said the Diamond Sutra is useless. Wang Yang Ming the duke(it's Qi Huan Gong, not Wang Yang Ming) in china was reading it and his carpenter told him that.
The youtube author mentioned that it is because those wisdom got written into a significantly few pages that turned into a book is because those students whom the Buddha was talking to, didn't get what the Buddha was teaching, so the Buddha had to find new ways to explain to his disciples, leading to the book being pages long.
Once you read into the book, you missed the wisdom. Once you are pages deep, you missed it.
Just like those trend chasers. They are not trend riders.
Real trend riders hop onto the horses back before the race begins.
Real or not real isn't the important thing however. The important thing is are you sitting well on the horse back in order to ride it?
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Add : Regarding the Buddha and the blah blah, I am trying to say that, traders are very creative. We like to give fanciful names to our ideas and methods.
The chart we are looking at however, is the same. It might look slightly different because we use different brokers and the spread is different, coupled with them partnering with different liquidity providers, so the chart looks slightly different.
But overall, there is only one real reason why earth and sun and humans and other humans and living beings exist.
Just like why the market collapsed 5 weeks ago. Regardless of what broker you use, you will see S&P500 going down in a short term down trend. Different people might have different ideas as to why the market "collapsed". But in the end, the real reason? there's only one, or one main reason why the market did what it did.
See through the veil.
Fanciful ideas like sweep the liquidity or run the liquidity doesn't actually tell much. overall its a method that doesn't see the core.
Its a way to begin trading and I believe people would have profited from those methods, regarldless of if they are selling the idea or they are operating their beliefs, some would be profiting from those ideas.
AUDCAD Buying here, Take profit at 0.90200 on the 1hr chart
AUDCAD buying at 0.9003 SL at 0.895 and Target is 0.9050