+230 PIPS SHORT ON AUDCAD According to previsou Daily Analyse
Trend line on 4h Time frame
R and S level
CCI divergence
Audcadshort
AUDCAD Bull TrapAudCad has been in a downtrend since a year now.
It has been respecting a downward trend line since September.
It has given a false breakout and created a bull trap.
Refer to 4 hour time frame and enter a short trade.
Stop loss and 2 targets have been marked.
Always put Stop Loss
Do your own research before entering a trade.
Let me know your views in the comment.
AUDCAD - Our Forex Trade TodayCAD could be on the up rise for 2 main reasons:
1. Oil prices are sky-rocketing and the Canadian dollar is co-rellated to Oil. Oil up, CAD also Up
2. Rate Hike is inbound.
The Bank of Canada’s First Rate Hike Since 2018 Expected This Week.
The Bank of Canada is widely expected to increase its overnight target rate on Wednesday morning. Despite the market uncertainty unleashed by the current geopolitical crisis in Ukraine, the Bank’s hands appear to be tied given the headline inflation in January soared to a 30-year high of 5.1%.
The target rate, upon which prime rate and variable-rate mortgages are priced, has been at 0.25% since March 2020, when the Bank cut rates at an emergency meeting at the start of the pandemic.
Here’s a look at what some economists and analysts are saying in the lead-up to one of the most highly anticipated Bank of Canada meetings in years.
So, we are Long on Canadian dollar for valid, Fundamental Reasons but why AUD on the other side of the pair and not EUR(that was our second option) on Turkish Lira or Russian ruble for example?
The answer is in the chart. Price is offering us a nice technical entry level and we are taking it.
One Love,
the FXPROFESSOR
SHORT OPPORTUNITY ON AUDCAD POSSIBLE +500 PIPSAccording to
downtrend channel
Price Action
Fibo Ext
Divergence on CCI
AUDCADAUDCAD is in a long Bearish Trend . It Tends To create a New Higher Low but Seems like the zone is being proved more powerful preventing Price to go Up . A lot of consolidation also happened in the zone and now it seems price going down. It would be a Good 150 Pips Shorts Setup.
Either short will be a wise decesionAlready price has take rejection from red box area, highly probable that it will fall again.
AUDCAD / LONG Setup ComingAUDCAD is looking very bullish at the moment - as you can see from the chart, price is starting to break out of the descending channel
It would need to create a higher high for confirmation of this move, which could happen by the end of this month
1:221:22 RR on AUDCAD
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if i lose it's a small lose , i can take that if you can't take that just go.
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This is Not Financial Advice, JUST AN OPINION OF THE ONION.
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JUST AN OPINION OF THE ONION.
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JUST AN OPINION OF THE ONION.
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JUST AN OPINION OF THE ONION.
AUDCAD shortAfter almost the second day of the market, most of the empty spaces were filled
Now we can look at audcad in descending order
In the range I drew, we can wait for Sell's position, but with confirmation ...
I will not enter lower timeframes without confirmation
The meaning of confirmation in lower time frame is that, for example, in 15 minute time frame, it can give us a sign of falling from that range.
AUDCADIn the day we arrived at an important point. Remember that the daily trend is bearish. And according to my analysis, we risk correcting up to 0.90327.
Happy trading!
AUDCAD-Short#AUDCAD
Market is continously rejecting from falling trendline. Again this time i am looking for Short move upto lower demand zone.
AUDCADDAILY BAR TRADE
This Trade Is Basad On The Daily Bar Bias In Thus Case / Asian - London - NY Trade
For More Info On This Type Of Trade Look At
AUDCAD shortI believe this would be a great setup if we reach and reverse from the top of the channel with a nice 4hr bearish candle. Please leave a like and let me know what you think in the comments.
AUDCAD | Perspective for the new weekThe scope of a very strong bearish momentum on the daily time frame and a reversal set-up (double top) within the major supply zone at C$0.92400 shares a confluence with the bearish trendline to signal a selling opportunity for us in the coming week(s).
Tendency: Downtrend (Bearish)
Structure: Supply & Demand | Trendline | Reversal pattern (Double Top)
Observation: i. Despite a long term bearish momentum identified on the higher time frame, the last 30 days witnessed a consistent rise in the value of the Aussie over the Canadian dollar but the momentum appears to be thinning out and this can be identified on the chart as a double top structure.
ii. Attempts made by buyers to break above C$0.924 was met with strong resistance during last week's trading session to insinuate that the bullish trendline may no longer be strong enough to hold price action above it.
iii. It is worthy to note here that, the reversal set-up (double to pattern) awaits confirmation at the breakdown of key level @ C$0.91600 to incite the risk of a decline in price value in the coming week(s).
iv. In this regard, I shall be waiting to take advantage of selling the Aussie anywhere below the key level @ C$0.916000... Trade consciously!😊
Trading plan: SELL confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:3
Potential Duration: 3 to 8days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDCADHello Tradersss :))
here we are just waiting for the price to touch the supply area at 0.92818 and I personally use price action as confirmation and don't forget to take care of your money management..:))
thank you for visiting and if you like it please press the like button here I really appreciate it.. :))
audcad ready to big sell in trend are you ready ?audcad ready to big sell in trend are you ready d1 trend is bearish now time to continue in d1 trend h4 corrective complete
AUDCAD ShortHey traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.92 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Selling AUDCAD nowSelling back to the shown levels. 0.5% risk between 2 orders. AUD looks to be falling off at different rates against various currencies in the coming time. Stops above the zone shown here.
AUDCAD is reaching a KEY level for a SELLHi Traders,
AUDCAD has been making bullish continuations over again however it failed to continue its momentum higher as it made a reversal Impulse and then correctively moved within an ascending channel. As we know this type of channel shows a reversal is imminent and we are approaching a double top level to add confluence to this short position.
Looking at price action for confirmation.
Follow your plan and entry criteria.
Good luck
Share a comment below and let me know your view on this pair! Click the like button if you agree with this idea!
AUDCAD FOR MORE BUYSFollowing the last update on this pair, we have seen more upside continuations.
Price is forming a higher low around 0.91600. We had the first bounce of the level, so if we get a second bounce and not crack below it, I'll be following longs to continue the hourly trend to the upside.
Uptrend, pullback/higher low formation, these confluences are key to taking our long positions on this one.
AUDCAD Multiple Opportunities
First approach is to confirm price rejection DOWN to Buy-zone.
Next approach is to confirm price rejection to UPSIDE Targets.
This idea supports previously shared idea with its updates at
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Comment, Follow, (...)
Thank you. Happy Trading.
AUDCAD with a retest of the downtrend!!AUD-CAD is about to retest the descending resistance at 0.925
Because the level is strong
I expect a bearish reaction
With the goal is support below 0.9000
AUD/CADOn this pair we should wait until the price arrives at our marked zone , supply zone , it's creating a great channel and it has a break of structure and imbalance upside , so we wait the price to fill the candles and to see how the price reacts at our zone .
