AUD/CAD SHORT SELL NOW....
💹AUD/CAD ⏬ SELL/SELL LIMIT @ 0.91343
✅TP-1# 0.91000
✅TP-2# 0.90800
⛔️SL 0.91612 (BOTH ENTRY SL SAME)
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Audcadsetup
AUD/CAD SELL 📉Hello and welcome traders to another trade idea with Fobian
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- WAiting for pullback.
- EMA's give us SELL signal.
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AUDCAD LONG - Buy Entry - H4 ChartAUDCAD LONG - Buy Entry - H4 Chart
Symbol: AUDCAD
Timeframe: H4
Type: BUY
Entry Price: 0.91648 - Buy @ Market
Stop Loss: 0.91331
Take Profit: 0.92514
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🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
AUDCAD (1H) OUTLOOK - BEARISHGood Morning Friends,
Am taking a good look at AUDCAD (1H)🔥🔥🔥
AUDCAD price currently is playing inside a flat bottom triangle, and price is correcting/heading to touch the trendline from where seller will step in to push price down to 0.91043 area (lower bounds of our flat bottom triangle).
MACD (1D) clearly indicates that sellers are still present and willing to deal. MACD (1H) confirmed this as there are not buyers present at all.
Entry would be idea if price kisses the trendline, with STOP LOSS at 0.92134, TARGET at 0.91043
RRR of 1:3.42 (25.0:85.5 pips)
I will update here if anything changes
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AUD/CAD 4HR CHART SELLHi everyone this is my trade set up for the AUD/CAD for the new week ahead
AUD/CAD is still in a downtrend so i am expecting a pullback to the order block zones and will be looking for a sell trade
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
AUD/CAD:DOWNTREND | PRICE ACTION ANALYSIS | SHORT SETUP ACTIVE..Welcome back Traders, Investors, and Community!
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AUDCAD - LONGHere we have AUDCAD with a possible LONG.
There is an expanding triangle that has just hit the 5 count.
It is also at a support zone just below a long standing range.The previous buyers have just been taken out -some would call this bear trap.
If you're not already in we should be looking for the LONG to get back into the range and looking to test the $1 mark.
AUD/CAD Analysis, Bear Claw is in Hello everyone, as we all know the market action discounts everything :)
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The AUD/CAD has started what seems to be a Bearish movement back in September and it doesn't look it's going to stop any time soon.
The pair is had a small push-up 2 days ago that let people think that the market is stabilizing but today's session started Bearish with a 0.5% drop already.
Technical Analysis with possible Scenarios for the market :
Scenario 1 :
It seems like the market broke the first support line located at 0.91760 today, And the Bears are in control over the market right now and they will increase what power they have to drop the market even more.
The first stop will be the support line at 0.91560 where they might have a small push back from the Bulls but most likely the victory will be on the Bears side, Which will lead to a further drop that will reach the 0.91000 zone
Scenario 2 :
The Bulls are trying to gain control over the market but so far with no luck, If they were able to gain some control it will probably push the price to the first resistance line located at 0.91970 where a big battle will happen and the Bears will go in to take control over the market and continue this Bearish movement, The first stop after this happens will be the second support at 0.91560 and then the 0.91000 zone
Technical indicators show :
1) The market is below the 5 10 20 50 100 and 200 MA and EMA (Strong Bearish Sign)
2) The ADX is at 16.11 showing that the market is not trending much right now and that it's having a Negative crossover between DI+ and DI-
3) The RSI is at 39.16 Showing Weakness in the market, with no divergence found between the indicator and the market
Daily Support & Resistance points :
support Resistance
1) 0.9176 1) 0.9197
2) 0.9166 2) 0.9206
3) 0.9156 3) 0.9217
Weekly Support & Resistance points :
support Resistance
1) 0.9139 1) 0.9218
2) 0.9100 2) 0.9258
3) 0.9060 3) 0.9297
Fundamental point of view :
The Australian Current Account Balance for the fourth quarter was reported at A$14.5B. Economists predicted a figure of A$13.1B. Forex traders can compare this to the Australian Current Account Balance for the third quarter, reported at A$10.0B. Australian Net Exports of GDP for the fourth quarter decreased by 0.1% quarterly. Economists predicted a decrease of 0.3% quarterly. Forex traders can compare this to Australian Net Exports of GDP for the third quarter, which decreased by 1.9% quarterly.
The Canadian GDP for December is predicted to increase by 0.3% monthly and for the fourth quarter by 7.5% annualized. Forex traders can compare this to the Canadian GDP for November, which increased by 0.7% monthly, and to third-quarter GDP, which increased by 40.5% annualized.
The forecast for the AUD/CAD remains bearish after price action failed to sustain its upward movement towards the psychological resistance level of 1.0000. According to Paxforex
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
AUDCAD Setup For Five-Wave AdvanceHi traders!
It has been a while here! :) Hope you're all doing well.
AUDCAD rally from August low unfolded as a five-wave impulse structure and it follow by a three-wave correction. The correction unfolded as a simple zigzag with an ending diagonal pattern in wave C.
According to EW theory, once a 5-3 (impulse-corrective) wave cycle is complete, the price will resume in the direction of the impulse.
In AUDCAD's case, wave C is expected to rally above wave A high in the weeks ahead. The breach of the green level will indicate that the correction is completed.
What's your view on AUDCAD? Let me know in the comment.
Thanks for reading!
AUDCADlast day's price makes a significant downtrend by bouncing the resistance line down and now the price already breakout of the resistance line which means it will go uptrend. Retest has created and nice candle confirmation has created, you can see at the 1H timeframe same structure are created.
AUD/CAD Create ab=cd Pattern......SELL
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.