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AUDCAD

Levels to WatchIn the world of trading, never underestimate the power of key support and resistance levels. These levels often become the battleground for market movements, forming a Sideway Bounce Trading setup. On my radar for AUDCAD: - Buying Opportunity: Watch for potential long entries at 0.8931. - Shorting Opportunity: Keep an eye on the chance to go short at 0.8982. This trade strategy remains active as long as the support and resistance levels hold. Share your insights and trade plans on AUDCAD below!
by RaynLim
7 Dimension Analysis for AUDCAD 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive 🟢 Inducement: Done 🟢 Internal Structure: Also bullish 🟢 Decisional FVG liquidity: Mitigated, Making a prebreak out Buildup 🟢 Traps: Fakeout done at the top, grabbed all the swing liquidity from lower side 2️⃣ Pattern 🟢 CHART PATTERNS: Continuation Ascending Triangle 🟢 CANDLE PATTERNS: This is a consolidation area; no valid candle pattern is observed. We will check our candle patterns at the breakout or market opening 3️⃣ Volume 🟢 We need a deep observation of volume on the breakout 🟢 less than the previous move 4️⃣ Momentum RSI 🟢 Zone: Sideways 🟢 Range shift: Bullish to sideways 🟢 Divergence: A bearish divergence is here, but it's weak 5️⃣ Volatility Bollinger Bands 🟢 High level of contraction 🟢 Various Band Punchers on the upper band, but they don't follow up the signal 6️⃣ Strength According to ROC 🟢 Values: AUD is 7.01 vs CAD 3.02 7️⃣ Sentiment When we mix up all the parameters, there is a high chance the price can go up during the coming sessions, so we need to seek buy entries during the week ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Sideways as internal ☑️ Current move: Impulsive sideways ✔ Support resistance base: Fixed range volume POI ☑️ Candles Behavior: Nothing is clear 💡 Decision: We need to wait for the price to break the upper level or come downside to our POI area, then we can buy this pair 🚀 Entry: 0.8980 ✋ Stop Loss: 0.8925 🎯 Take Profit: 0.9150 2nd If Internal Structure changes also Exit 3rd Trendline Breakout, Fomo 😊 Risk to Reward Ratio: 3.1 🕛 Expected Duration: 7 days SUMMARY: The analysis indicates a bullish stance with a well-defined structure and pattern, though the candle patterns are not clear at the moment. The decision suggests waiting for a breakout or a move to the POI area for a buy entry, considering potential internal structure changes and trendline breakouts.
Long
by Optimum369
2
AUDCAD Analysis: Riding the Waves of Uptrend and CorrectionGreetings Traders, In today's trading session, our focus is directed towards AUDCAD, where we are actively monitoring a potential buying opportunity around the 0.89000 zone. AUDCAD is currently entrenched in an uptrend, and the ongoing correction phase is bringing the currency pair closer to the critical 0.89000 support and resistance area. As AUDCAD traverses its uptrend, traders are keenly observing the evolving correction phase, evaluating the potential for a strategic entry around the 0.89000 level. The support and resistance area serves as a pivotal juncture, presenting an opportune moment for traders to consider a buying position. Ensuring prudent risk management and staying attuned to market dynamics will be essential in navigating this phase of the AUDCAD trend. Trade safe, Joe.
Long
by JoeChampion
AUDCAD 4H Entry Short PositionHey guys! its your girl Forex Potatoe on the charts again and here is a breakdown of my analysis for AUDCAD. AUDCAD has been in a prolonged downtrend for a long time coming, Weekly and Daily Timeframe is currently in a downtrend with 4H in an uptrend. Since the longer term timeframe is downtrend and 4H in an uptrend(apparently having a pull back). We would be interested in taking a short position, therefore 4H timeframe has to correlate with Weekly and Daily Timeframe, we would have to wait for the break of the last low on 4H and a retest to enter a Sell position Kindly follow me and tell me what you think about this analysis so far.
Short
by ForexPotatoe
⚡️AUDCAD CMC TRADING ⚡️ STRONG SUPPLY ZONEAUDCAD is exhibiting a strong adherence to the supply zone established on the hourly timeframe, suggesting the formation of a potential double top pattern. This pattern indicates a bearish inclination, signaling the likelihood of a corrective leg in the near future. It is essential to monitor the price action closely for confirmation of a significant trend breakout, as this could mark the onset of a potential reversal in the prevailing market direction.
Short
by ChampsMoneyConcepts
Strategic Moves: AUDCAD Uptrend AnalysisGreetings Traders, In today's trading session, our focus is on AUDCAD as we actively monitor a potential buying opportunity around the 0.89600 zone. Operating within an uptrend, AUDCAD exhibits a sustained upward trajectory. Simultaneously, the currency pair is undergoing a correction phase, gradually converging towards the trend at the critical 0.89600 support and resistance area. This numerical level holds significance as both a historical support point and a pivotal juncture where the correction may intersect with substantial market forces. Our strategic approach for today involves a meticulous assessment of optimal entry points within the identified 0.89600 zone, aligning our trading decisions with the ongoing uptrend and the potential market dynamics at the crucial support and resistance area. As always, it's crucial to trade with caution and adhere to risk management strategies. Trade safe, Joe.
Long
by JoeChampion
AUDCAD Will Go Down! Sell! Please, check our technical outlook for AUDCAD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.902. Considering the today's price action, probabilities will be high to see a movement to 0.897. 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
AUDCAD H4 | Approaching resistanceAUD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.90399 which is a pullback resistance. Stop loss is at 0.90750 which is a level that sits above the swing-high resistance. Take profit is at 0.89754 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM