AUDCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Audcadshort
AUD/CAD short lining up superbly and ready to break below - SMC AUD/CAD
Head and Shoulders formed over the last few months.
We now are just waiting for a break below the neckline and it's text book shorting time.
21>7 - Bearish
Price>200 - Bullish
RSI <50 Bearish div
Target 0.8735
SMC:
With the Head and Shoulders, the top of the Right Shoulder swept Buy Side Liquidity and the price came down.
With the orders sweeping buying, means the big boys are shorting which confirms downside to come.
Just waiting for the picking.
📌 Potential SELL setup for: AUD/CAD👩🏽💻Technical: Weekly and the daily TF, suggesting selling pressure for AUD as the price has crossed MA 20 and MA 100. On the 4-hour, the M pattern neckline was completely broken and is now aiming to make a new 4-hour low.
🎯 For an ideal entry: You could potentially enter it now or wait for the candlestick to close into a new 4-hour low, but just keep in mind the potential first support zone in the photo I marked. The overall setup has the potential to drop down and re-test the previous daily bottom.
📌 Potential SELL setup for: AUD/CAD👩🏽💻Technical: On a daily TF, the AUD price has crossed the 20-day and 50-day moving averages and is now trying to break through the 100-day moving average. This may suggest that there is selling pressure on the currency. However, it's important to note that the price is still moving within a channel on LTF.
🎯 For an ideal entry: To confirm a bearish bias, I suggest waiting for the price to break below the channel on the 4-hour chart, and also fully break the moving averages. Otherwise, no entry.
AUDCAD: Don't miss these sells...Price has formed significant equal lows near a key psychological level.
I expect price to play buyers, lure them in while wiping out seller liquidity only to return to sweep again.
If my theory is correct we should see pushes back up into the structure zone, followed by manipulation, then a rollover to the downside.
I like the look of this and will keep my eye on it, do you feel the same?
Let me know what you think in the comment section.
Lates Buy Setup on AUDCADHey Traders,
It's about time to wait for the Head and Shoulder pattern forming on the 1H TF to complete then wait for the price to successfully break above the CHoCH, aggressive trader can enter a buy while conservatives can wait for retest of the CHoCH before entering a Long position.
Watchout Guys!
AUD/CAD short lining up Inv Cup and Handle to 0.8735AUD/CAD is forming a super Inverse Cup and Handle
We are getting the breakout below the brim level, and now just waiting for the price to close and the next candle to open.
That's when we'll get our official entry.
21>7 - Bearish
Price>200 - Bullish
RSI <50 Bearish divergence with lower highs and the price is making lower highs too.
Target 0.8735
AUDCAD - Expect retracement ✅Hello traders!
‼️ This is my perspective of AUDCAD .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 0.915000.
‼️Attention!!! Due to the fact that we have news events on CAD on Wednesday and Friday, the analysis can be invalidated.
Like, comment and subscribe to be in touch with my content!
AUDCAD | 4H | Break & RetestBy far the cleanest Break & Retest structure I've seen on all pair this week.
But keep in mind that the monthly, daily, four hour is bearish trend but on the daily it's not aligning with the overall trend.
That means that this trade is not an A+ setup but it's an A setup
Excited to see how this trade went.