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CANADIAN DOLLAR / AUSTRALIAN DOLLAR

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CADAUD trade ideas

AUDCAD: Bearish Setup on Pullback to Key LevelsTechnical Analysis: Higher TFs: Given the recent week's top rejection and inside bearish close, it appears that the bulls are running out of momentum. The last day's price action was a bearish continuation candlestick (lower low and lower close), indicating that the bears are in control. The plan is to look for a short position on the lower timeframe by identifying a key horizontal level for a pullback. 4-Hourly Chart: My potential short trade is around 0.9149/53. Sell Limit Entry: 0.9149/53 Stop Loss: Above 0.9162 Target: 0.9111 In case the price doesn't reverse from this zone, the next zone to go short would be: Sell Limit Entry: 0.9173/76 Stop Loss: Above 0.9190 Target(s): 0.9149/53, 0.9111
Short
by iamfotx
Bearish reversal?AUD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 23.6% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 0.91548 Why we like it: There is an overlap resistance level which lines up with the 23.6% Fibonacci retracement. Stop loss: 0.91819 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Take profit: 0.90926 Why we like it: There is a pullback support level which is slightly below the 78.6% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
AUD/CAD has been showing bullish momentum recentlyThis technical analysis outlines a bullish stance on AUD/CAD, focusing on buying opportunities at discount levels with risk management through stop losses and profit-taking at the potential reversal zone identified by the Bat pattern. Traders should monitor price action and adjust their positions based on emerging market conditions and price movements. Always consider current market conditions, economic events, and geopolitical factors that may impact currency pairs when conducting technical analysis and making trading decisions.
Long
by palanetic
Sell AUDCAD Pennant BreakoutThe AUD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Pennant pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.9200, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.9172 2nd Support – 0.9152 Stop-Loss: To manage risk, place a stop-loss order above 0.9230. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
2
AUDCAD:- BULLS ARE ATTEMPTING TO TAKE THE CHARGE BACKOn 30 min. time frame bulls have shown some resistance and has kept the price above a certain level. In this process a bullish divergence has been formed on the RSI which indicates the strength of bulls. Since the overall trend is bearish we shall wait for the price to cross previous LH and if the price sustains the current level it shall be a HL. Thus the bias shall favor the bulls and we may initiate a Long trade. Due diligence and strict money management is solicited. Have a profitable trading.
Long
by usufgul
AUDCAD - In Bearish Trend (ABCD Bullish reversal Harmonic)AUDCAD is in bearish trend. I have applied ABCD Bullish reversal Harmonic on the pattern but also a Continuous Pattern of Bearish Flag can be applied as well. I have done this analysis on 1H time frame but took a trade on 15m time frame. No or not a strong divergence is observed from C to D. I have placed a pending order of Sell Stop. The Signal is: EP: 0.91866 SL: 0.91973 TP: 0.91650 (1:2) RR: 1% Lots: 0.30
Short
by MuhammadArif039
AUDCAD Sellers In Panic! BUY! My dear friends, My technical analysis for AUDCAD is below: The market is trading on 0.9181 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.9215 Recommended Stop Loss - 0.9161 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1