TRADE UPDATE ON AUDCADPotential Trade Setup on AUDCAD
The price broke out of a strong resistance zone and a long-used Trendline and turned support multiple times.
The price is developing, and I am waiting for a break above the resistance to go LONG.
Alternatively, if the price breaks below support, then there will be an opportunity to go SHORT if the broken support is retested and used ad resistance.
You may find more details in the chart!
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Audcadanalysis
AUDCAD Short Opportunity Overall Trend:
The price is in a downtrend, indicated by the sequence of lower highs and lower lows.
Moving Averages:
The 50-period Simple Moving Average (SMA) (red line) is above the current price, suggesting bearish momentum.
The 200-period SMA (blue line) is also above the current price, reinforcing the bearish trend.
Bearish Wedge:
The price broke down from a rising wedge pattern, indicating a potential continuation of the downtrend.
AUDCAD | Hidden Bearish Divergence
The AUDCAD chart shows the formation of a Hidden Bearish Divergence, indicating that the current uptrend may soon reverse into a downtrend. Additionally, there is high-impact CAD news today with the release of the CPI data.
On the chart, there is also the formation of parallel channels. We expect these channels to break soon, supported by the confirmation of the Hidden Bearish Divergence.
In summary:
1: Hidden Bearish Divergence: Indicates a potential reversal from an uptrend to a downtrend.
2: High-Impact CAD News: The release of CPI data today could significantly influence the price.
3: Parallel Channels: The chart shows parallel channels, and a breakout is anticipated soon.
These factors together suggest a potential shift in the trend, but it's crucial to monitor the news and conduct thorough analysis before making any trading decisions.
Picture perfect setup on AudCadfirstly we had an fvg from monthly chart where jul month candle has retested it
on the following lower time frames we can se price first trapped the early long players and came upto the mid line of fvg
the three candle as red impulse to down side then a doji followed by green big bar is sight indication of long build up
if so,
the current running candle can retest the doji candle high where we can put the buy order and recent low as our stop loss strictly
0.9800 >> 0.9115 >> 0.953
could be the potential target
AUDCAD - Short from bearish order block !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance and then to reject from bearish order block + institutional big figure 0.91000.
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AUDCAD Bearish Robbery plan to make moneyMy Dear Robbers / Traders,
This is our master plan to Heist AUDCAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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AUDCAD Bearish Robbery plan to make moneyMy Dear Robbers / Traders,
This is our master plan to Heist AUDCAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
AUDCAD Bank Bullish Robbery PlanMy Dear Robbers / Traders,
This is our master plan to Heist AUDCAD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
AUDCAD: Easy 200+ Pips Bullish Buy! What do you all think? OANDA:AUDCAD
Price has failed to breakthrough previous lows anticipating large volume of buyers to enter in the market, which will help us gain 200+ pips . Please use accurate risk management while following this idea. Do your own research too.
**If you like our idea, then comment and like the idea which will help us encouraged**
Team SetupsFX_
AUDCAD BULLISH SIDE MONEY HEIST PLANMy Dear Robbers / Traders,
This is our master plan to Heist AUDCAD bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday
AUDCAD - Long from trendline !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price continue the retracement to fill the imbalance lower and then rejects from trendline + FIBO 0.5 level.
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Unleashing Trade Opportunities in Ranging Markets! AUDCAD📊 In this analysis, we dissect the AUDCAD currency pair, meticulously exploring its behavior on the 1D, 4H and 30m time frames. Brace yourself for insights into range-bound dynamics! 🎯
🔍 Key Takeaways:
💹 1: Learn how to spot breakouts when the market defies its established structure.
💹 2: Discover actionable strategies for capitalising on range-bound conditions.
Remember, this content is for educational purposes only—always make independent trading decisions based on your risk management strategy.
DeGRAM | AUDCAD decline from the retracement levelAUDCAD is moving in a descending channel between the trend lines.
The price reached the upper boundary of the channel and the resistance level coinciding with the 62% retracement level of the last bearish impulse, and afterwards the chart dropped below the dynamic resistance.
The last pullback from the upper boundary of the channel was larger than the previous one, which also indicates that the sellers are getting stronger.
We expect a decline.
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AUDCAD Bearish Harmonic Pattern - Strategic Trade SetupThe AUDCAD pair is currently exhibiting a Bearish Harmonic Pattern (XABCD), with Point D anticipated to act as a Potential Reversal Zone (PRZ). This analysis aims to identify strategic entry and exit points based on the confluence of multiple technical indicators.
Key Technical Indicators
Potential Reversal Zone (PRZ):
Point D aligns with a significant Key Resistance area, which historically serves as a strong barrier to upward price movement.
4-hour Trend Line:
The trend line, which has acted as a pivotal point in previous market movements, intersects at Point D, reinforcing the likelihood of a reversal.
Bearish RSI Divergence (1-hour):
The Relative Strength Index (RSI) on the 1-hour chart displays a bearish divergence, suggesting weakening bullish momentum and potential for a bearish reversal.
Trade Setup
Entry Point:
A strategic entry is recommended at 0.91113, where the confluence of the aforementioned technical factors indicates a high probability of a trend reversal.
Stop Loss:
To mitigate risk, a stop loss should be placed at 0.91261, slightly above the resistance level to avoid false breakouts.
Take Profit Levels:
TP-1: 0.90964
The first take profit level is set at 0.90964, capturing initial downward momentum and ensuring partial profit realization.
TP-2: 0.90816
The second take profit level at 0.90816 aims to capitalize on further bearish movement, aligning with intermediate support zones.
TP-3: 0.90668
The final take profit target at 0.90668 corresponds to a more significant support level, maximizing potential gains from the bearish trend reversal.
Conclusion:
Based on the technical analysis, the AUDCAD pair presents a compelling bearish setup with multiple converging indicators at Point D. The proposed entry at 0.91113, supported by a precise stop loss and structured take profit levels, offers a well-balanced risk-reward ratio. Traders are advised to monitor price action closely as it approaches the PRZ to confirm bearish momentum before executing the trade.
AUDCAD - Accumulation phase ✅Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: As we can see here price is in a range for the last couple of days, so I expect we can see a manipulation of sell side liquidity and then price to reject from FIBO 0.618 level for distribution.
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AUDCAD Technical Analysis and Trade IdeaThe AUDCAD has been in a strong bullish trend as evident on the daily time frame. We are looking for a trend continuation opportunity if price action plays out as described in the video. Throughout the video we discuss the trend, price action, market structure and other important aspects of technical analysis, and we look at a potential trade idea.
Remember, trading involves risks, so always manage your risk carefully. And keep in mind that this information is for educational purposes only—it’s not financial advice. 📈👍
AUDCADBased on the bullish flag pattern and Elliott Wave analysis on the AUD/CAD pair's 4-hour timeframe, there seems to be a potential opportunity for a buying position. The bullish flag suggests a continuation of the previous uptrend, while the Elliott Wave count indicates the formation of the 12345 impulse wave sequence. This convergence of patterns could signal a strong upward movement in price, presenting a favorable entry point for buyers. However, it's crucial to implement proper risk management strategies and confirm signals with additional indicators before entering the trade.