๐น Pair: AUD/CAD
๐น Timeframe: 4H
๐น Direction: Long
๐น Strategy: Trend Continuation + Macro Confluence
๐น Trade Active: ๐ 0.8945 (CMP)
๐ Fundamental Bias
๐ฆ๐บ AUD โ Bullish
โข Seasonal Surge: Historically strong from May 19 to June 10.
โข Conditional Score Gain: AUD rose from 21 โ 24 (momentum improving).
โข Macro View: Inflation stabilizing, dovish stance offset by improving sentiment.
โข VIX < 20: Risk-on conditions favor AUD.
๐จ๐ฆ CAD โ Bearish
โข Flat Conditional Score: No improvement (2 โ 2).
โข Hawkish CB but Weak Data: CPI softening, trade risks persist.
โข Global Sentiment: Oil stagnation + cautious BoC tone = headwinds for CAD.
โธป
๐ง Confluence Summary
โ AUD macro + seasonal strength
โ CAD remains fundamentally weak
โ Risk-on supports commodity currencies
โ 4H trendline support holding
โธป
๐ผ๏ธ Technical Setup
โข Entry: 0.8945
โข Stop Loss: 0.8890 (below ascending trendline + support zone)
โข Take Profit: 0.9036 (prior resistance + TP1)
โข Risk:Reward: ~1.67
๐ Optional Target: 0.9045 for extended move.
๐ Outlook
Iโm bullish on AUDCAD for the week of May 19โ23, supported by:
โข Seasonal patterns
โข Risk tone
โข CAD stagnation
โข Clear trend structure
Will look to trail SL as price closes above 0.8975. Clean invalidation below 0.8890.
โธป
๐ฌ Whatโs your bias on AUD this week?
Drop a comment & letโs discuss ๐๐
๐น Timeframe: 4H
๐น Direction: Long
๐น Strategy: Trend Continuation + Macro Confluence
๐น Trade Active: ๐ 0.8945 (CMP)
๐ Fundamental Bias
๐ฆ๐บ AUD โ Bullish
โข Seasonal Surge: Historically strong from May 19 to June 10.
โข Conditional Score Gain: AUD rose from 21 โ 24 (momentum improving).
โข Macro View: Inflation stabilizing, dovish stance offset by improving sentiment.
โข VIX < 20: Risk-on conditions favor AUD.
๐จ๐ฆ CAD โ Bearish
โข Flat Conditional Score: No improvement (2 โ 2).
โข Hawkish CB but Weak Data: CPI softening, trade risks persist.
โข Global Sentiment: Oil stagnation + cautious BoC tone = headwinds for CAD.
โธป
๐ง Confluence Summary
โ AUD macro + seasonal strength
โ CAD remains fundamentally weak
โ Risk-on supports commodity currencies
โ 4H trendline support holding
โธป
๐ผ๏ธ Technical Setup
โข Entry: 0.8945
โข Stop Loss: 0.8890 (below ascending trendline + support zone)
โข Take Profit: 0.9036 (prior resistance + TP1)
โข Risk:Reward: ~1.67
๐ Optional Target: 0.9045 for extended move.
๐ Outlook
Iโm bullish on AUDCAD for the week of May 19โ23, supported by:
โข Seasonal patterns
โข Risk tone
โข CAD stagnation
โข Clear trend structure
Will look to trail SL as price closes above 0.8975. Clean invalidation below 0.8890.
โธป
๐ฌ Whatโs your bias on AUD this week?
Drop a comment & letโs discuss ๐๐
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.