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AUSTRALIAN DOLLAR / CAX

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AUDCAX trade ideas

Sell zone at 0.89731Trading Journal Entry – Trade Setup: Currently watching a sell opportunity around the 0.89731 zone, with a strong buy level identified near 0.88170. Rationale: The 0.89731 level aligns with a notable resistance zone on the H4 and Daily charts, where price has previously encountered selling pressure. The recent bullish move appears to be testing this area again, and early signs of bullish exhaustion suggest a potential reversal. Price action near this zone has shown repeated rejection wicks and stalling momentum, which adds confluence for a short-term sell setup. Meanwhile, the 0.88170 zone marks a major support level that has historically attracted strong buying interest. This level aligns with a prior accumulation area and could serve as a high-probability reversal point if price moves lower. The plan is to take profit from the short trade near this zone and look for a potential long setup, ideally supported by bullish confirmation on lower timeframes.
Short
by SkyLegendary
AUD/CAD BEARS WILL DOMINATE THE MARKET|SHORT Hello, Friends! We are now examining the AUD/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.887 level. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
AUDCAD Will Go Lower! Short! Take a look at our analysis for AUDCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.890. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.888 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
AUDCAD 1 hour possible Double Bottom📉 Technical Overview 1. Pattern in Formation: Potential Double Bottom Price action suggests a potential double bottom pattern forming around the 0.88800–0.88900 support area. A neckline is clearly identified around the 0.89300 level. Price is currently between the second low and the neckline — an important “watch zone.” 2. Confirmation Required The double bottom is not confirmed yet. A valid long trade setup would require a clear breakout and close above 0.89300 (neckline resistance). 3. Target & Risk The projected move (measured from the neckline to the bottom of the pattern) gives a target around 0.89740. That’s approximately +42–43 pips from the breakout point, offering decent risk-to-reward potential. ✅ Trade Idea (Upon Confirmation) Buy Entry: After a 1H candle closes above 0.89300. Stop Loss: Below the second bottom – around 0.88900 or slightly below. Take Profit: Around 0.89740 (measured target of the pattern). Risk:Reward Ratio: Approx. 1:2, favorable for a breakout trade. ⚠️ Caution If price fails to break above the neckline and reverses, it may revisit the 0.88800 zone or even break down — invalidating the setup. Monitor Canadian and Australian economic news, especially commodity data or employment figures, for volatility spikes.
Long
by Forexbeats
1
AUDCAD SHORT FORECAST Q2 W19 D8 Y25AUDCAD SHORT FORECAST Q2 W19 D8 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅ Weekly order block ✅Intraday 15 order block ✅Tokyo ranges to be filled ✅Intraday bearish breaks of structure to be confirmed 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
AUDCAD – Bearish Divergence on 1H & 4HAUDCAD – Bearish Divergence on 1H & 4H Charts 🐻⚠️ Multi-Timeframe Confluence Hey traders 👋 AUDCAD is showing bearish divergence across both 1H and 4H timeframes, and that’s not something we brush off lightly. When multiple timeframes agree, it’s often a high-probability signal — let’s break it down. 🔻 1H Divergence – Momentum Cracks Appearing On the 1-hour chart, price has been grinding higher, forming a series of higher highs — but here’s the catch: RSI is printing lower highs. That’s bearish divergence in its purest form. Momentum is clearly not confirming the new highs, meaning the bulls are pushing, but not with strength. It's a sign of buyer exhaustion — and potentially, a trap for late longs. ⏳ 4H Divergence – A Bigger Picture Warning Zooming out to the 4-hour chart, the same divergence is present. Price keeps nudging higher, but the RSI continues to lag behind. This isn’t just noise — it’s a red flag. Divergence on the 4H chart means we could be due for a larger correction or even a reversal, not just a quick dip. Add that to the 1H signal and you've got a bearish confluence. 📌 What to Watch A break of short-term support could confirm the divergence playing out Lower highs forming after divergence = strong entry signals Bearish engulfing candle or trendline break = go-time for many traders Be patient — wait for structure to break before committing. This isn’t about guessing; it’s about letting price action do the talking. 🎯 Final Thoughts With divergence across 1H and 4H, the setup is solid. Momentum is fading, and a shift could be just around the corner. Whether you’re day trading or looking for a swing entry, this is prime time to watch AUDCAD closely.
Short
by MAAwan
AUD/CAD - Short Trade IdeaThis is a long Term View for a sell position on the 4D TF. My view on this Bearish movement is that we are respecting the swing from this Supply zone and that we will be rejecting this supply zone taking this previous Sell side Liquidity. Price has been slowing down whilst approaching this Supply zone giving me confluence of the build up of Selling momentum. We are below our EMA and we are also holding sellers momentum from the beginning of the year Good Luck to any traders that will be following this setup
Short
by jamesibartram