Audcadforecast
AUD/CAD - Short Opportunity Near Key ResistanceOverview:
AUD/CAD is nearing a critical resistance at 0.88450, suggesting a potential downward move.
Key Levels:
- Resistance: 0.88450
- Stop Loss: 0.88850
- Take Profit Targets:
- TP-1: 0.88050
- TP-2: 0.87700
Analysis:
- Bearish Bias: The probability of downward movement is high.
- Entry: Consider short positions on a re-test of 0.88450.
- Stop-Loss: Place at 0.88850 to manage risk.
- Take Profit: TP-1 at 0.88050, TP-2 at 0.87700.
Conclusion:
AUD/CAD shows potential for a bearish trend. Short positions can be taken near 0.88450 with a stop loss at 0.88850 and profit targets at 0.88050 and 0.87700. Trading carries risks; conduct a thorough analysis and employ proper risk management.
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 wait price to continue the retracement to take liquidity above equal highs and to fill the imbalance, then to reject from bearish order block.
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AUD/CAD LONG trade from .8882The price of AUD/CAD is trading above the 200 EMA on H1 having been below for the last 9 or so hours.
The 25 EMA is also crossing the 50 EMA north and both these signs suggest were are in or we are entering a BULLISH market on this pair.
The price is also above the WPP mid pivot which will act as double support along with the 200.
On the Pivot Point SuperTrend the price remains above the green BUY signal and this has been the case since 13:00 Friday.
On the 15m time frame, the Andean Oscillator has the green BUY line above both the red SELL line and the signal line and the red SELL line is flat.
All the signs are that this pair is headed higher and in the absence of scheduled news there's no reason why we shouldn't see AUD/CAD move highert over the next 24 hours.
STOp on this trade is below the swing low at .8864 (18 pip STOP) and our target is WR1 which sits above price at .8992.
AUDCAD - Long active ✅Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block.
Fundamental news: On Thursday we will see results of Unemployment Rate on AUD, news with high impact on currency.
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AUDCAD: Big Buying Opportunity, Do not miss out! AUDCAD has shown extreme bullish price action, currently we are seeing some correction and price is likely to drop to our region and bounce straight up from that area of entry. Possible helping us gain 300-500 pips from the move. Use accurate stop loss and take profit.
AUDCAD I Detailed trading plan for long opportunity Welcome back! Let me know your thoughts in the comments!
** AUDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDCAD - Long trade idea ✅Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to continue the retracement and my point interest for a long is if price rejects from trendline + bullish order block.
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Breaking the Chains? Analyzing Channel Breakout for Shorting!Hello Traders,
We have A Channel Zone. If The Price Breached The Trend Line, Take Entry While Retested and Looking For Bearish Momentum As Showing By The Path Tool.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
AUDCAD I Intraday buy from support (short-term trade)Welcome back! Let me know your thoughts in the comments!
** AUDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
AUD/CAD SELL STOP at .8850AUD/CAD is carving out a classic M-Top candle pattern at resisance so a break of the neckline at .8850 will be a confirmed SELL.
M-Tops and W-Bottoms are proof that you don't need indicators to trade.
Indicators obviously help and I use them - but you don't NEED them.
You'll be a successful trader if you just traded M-Tops and W-Bottoms.
These patterns are traditionally traded on a 1:1 ratio with the STOP taken from the neckline to the top of the pattern and the TAKE PROFIT at 1:1 so the STOP is .8879 and the TP is .8819.
As ever, these levels are not set in stone and you should always micro manage your trades and if you reach your take profit and the momentum is still with the position then adjust you TP accordingly.
Similalrly with STOPS. A STOP is not necessarliy a line in the sand that should not be crossed.
If price bounces but the overall structure is still in place then by all means squeeze the SL a bit higher rather than lose but be mindful that there MUST BE a line in the sand if price is continuing north and your're SHORT.
The old adage "let your winners run and shut down your losers early" is for ever true.
AUDCAD - Short active Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price took trendline liquidity and rejected from bearish order block + FIBO 0.786 level.
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AUDCAD I Potential intraday short from top of the channel Welcome back! Let me know your thoughts in the comments!
** AUDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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AUDCADIn the AUD/CAD pair's daily timeframe, a bullish trend seems to be emerging. After completing a 61% correction following a breakout from a falling wedge pattern, the Elliott wave theory suggests a potential ABC pattern forming. This sequence typically indicates a continuation of the previous trend, signaling a possible upward movement in the pair's price action. Traders may look for confirmation signals to validate this bullish outlook before considering entry positions.
AUDCAD - SHORT & LONG ENTRY - 1H - Application of DOW TheoryAUDCAD Charts shows a Complex pattern in which it frequently changing trends after a small time interval. So it will be suggest to take two positions a small SHORT entry which will be hit in few hours or take LONG entry which will take more than 20 hours.
Hope this helps you.
Happy Trading
AUDCAD - Potential short ✅Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block.
Fundamental news: On Friday we will see results of Unemployment Rate on CAD.
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AUDCAD Trade IdeaThe AUDCAD pair has reached a critical support level, marked by this horizontal line on our chart that corresponds to a previous daily open/close. The price is clearly overextended and we expect a correction soon. A potential trade setup may arise later today when the Canadian GDP data is announced. If the data is positive for the CAD, this could offer a good sell opportunity. We are eagerly awaiting this news release. Please note that this is only a trade idea and not a trade recommendation, the information is for educational purposes only and should not be considered as financial advice.
AUDCAD H1 / Expecting a Strong Bullish Move 💲📈 Hello Traders!
This is my forecast for AUDCAD H1. I expect a bullish move on H1 if the retracement will be valid. I expect a rise until the OB around the price of 0.89700.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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AUDCAD H4 / PERFECT OB RETRACEMENT / OBBULLISH MOVE ACTIVE✅Hello Traders!
This is My idea related to AUDCAD H4. A very nice retracement from the OB, I expect a strong bullish move until the OB at the price of 0.89600.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
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AUDCAD I Intraday buy from support Welcome back! Let me know your thoughts in the comments!
** AUDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!