AUDCAD FRI 25 OctDaily : Bearish Trend, Bearish Reversal identified,
H4 : Divergence found, ChOCH low identified. Levels 1 & 2 Completed price retracing to key level H1: ChOCH Low identified. Wait for retracement
AUDCAD trade ideas
AUDCAD : Keep an eye on it, Everything is highlightedAUDCAD : Keep an eye on it, Everything is highlighted
For an eventual Buy or Sell Setup
AUDCAD BULLSPrice failed to create a new low. H&S pattern in M15 signals a trend reversal. Equal highs = SSL (red arrows). M15 will close above the 40EMA, break structure. Cross over of the 20EMA above the 40EMA in the M1 chart.
Bearish drop?AUD/CAD has reacted off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.92022
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.9246
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.9132
Why we like it:
There is a pullback support level.
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AUDCAD: 1D MA50 just confirmed a sell signal.AUDCAD is neutral on its 1D technical outlook (RSI = 47.833, MACD = 0.001, ADX = 20.919) as the price hit and remains on the 1D MA50. The long term pattern is a Channel Up that 3 weeks ago made the latest HH. The crossing under the 1D MA50 has confirmed the new bearish wave as the July 23rd January 5th 2024 crossings did. The 1D RSI is also on an identical correction. All pullback waves hit atleast the 0.618 Fibonacci level, which yet again is what you should be targeting (TP = 0.905500).
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AUDCAD still optimistic in price levelAUDCAD daily time frame shows an optimistic outlook for this pair with potential bullish continuation. Today candle is crucial and this confirmation shows a nice rejection from 0.9172 price level. First bullish movement testing 0.9290 supports this move as we see bullish strength building up. Good risk and reward opportunity
AUDCAD BEARSPrice is in a bearish trend! Price rejected on the POI demand zone. Due to aggressive bearish pressure the supply zone will be the POI. M15 is a quick buy toward the supply zone (POI). If price closes with a reversal candlestick on the POI, do not hesitate to enter sell AUDCAD!
Potential bullish rise off major overlap support?AUD/CAD has reacted off the pivot which has been identified as an overlap support and could rise to the 38.2% Fibonacci resistance.
Pivot: 0.91639
1st Support: 0.91318
1st Resistance: 0.92061
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SELL!!! AUDCAD IS IN A AREA DAILY INTERESTHELLO TRADERS I AM VERY INTERESTED IN SELLING THIS PAIR FOR THIS WEEK AUDCAD READY TO SELL.
TECHNICAL ANALYSIS
CONFLUENCES TO SELL AT THE MOMENT
1.- Bearish daily time frame
2.- 4 Hr bearish time frame
3.- we are in an area of daily interest
4.- psychological number 0.92500
5.- structure change 30 M
why do I like it?
The price is currently in a daily interest zone that has been rejected repeatedly in the past and is being rejected at this time.
The psychological psychological level 0.92500 is being respected and is strong to attract sellers at this level.
We have a rejection candle on the 4-hour time frame that may bring a price reversal in this area.
The 4-hour time frame has turned from bullish to bearish.
I will wait for a retest of my interest zone to enter selling if my entry pattern is met in 30 minutes.
If you like my idea follow me and comment, I will respond to suggestions and comments!
AUDCAD - 4hrs ( Sell Trade Target Range 150 PIP ) 🟢 Pair Name : AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢 Key Technical / Direction ( Short ) Break Out Done
Type : Mid Term Swing
———————————
Bearish Break
0.91650
reasons
- Major Turn level
- Visible Range Lvn
- Fixed Hvn
- Trend / Pattern Break
- Low's ./ D + w Break
Bullish Reversal
0.90500 Area
Reasons
- Major Turn level
- Visible Range Hvn / Poc
- Week low Area / P
- Pattern Target
- Fibo Golden
AUDCAD TRADE ENTRYOn this Pair, we are looking at price to continue with its downtrend, price had pullback to the H4 supply, with confluence on the 30mins tf and 15mins, also the AUDs are showing a weak signs. You can add to your watch-list, if this matches with your trading strategy? Please let me know your views and opinions in the comment session
AUDCAD Short Trade SetupA short trade opportunity recently presented itself on the aussie-loonie trading chart.
This is occasioned by the bearish order block which acts as a resistance zone preventing any further upward price movement, the bearish engulfing candlestick pattern just inside the bearish order block and the fair value gaps in the uptrend prior to the price reversal.
The upward FVGs create a price imbalance which price will try to compensate for by moving downwards. These three confluences indicate the likelihood of a downward price movement.
With an entry price of 0.92390 or thereabouts, a stop order at 0.94059 (just above the most recent swing high indicated by the pivot point at 0.93772) and a profit target (0.88618) close to the level of one of the lowest most recent swing lows (just above the bullish order block which acts as a support zone to prevent any further downward price movement), we could potentially be looking at a 2.26 RR ratio or higher.
That's 166.9 PIPS risk (SL) and 377.2 PIPS target (TP).
Alternatively, you could decide not to set any TP and just trail your stops to make the most out of the market.
As always, please apply appropriate risk management depending upon your trading account balance, your risk appetite and other important factors.
Looking goodBullish flag after a double bottom. The breakout can happen at any time soon. My SL is relative, actually if the pair drop to the bottom of the flag I'll buy more.
AUD And GBP ReviewHello,
Our general outlook on AUD and GBP are for a buy.
Currently AUD is on standby as the BUYER has not yet breached the current S&R and is ranging.
GBP has some buyer activity but we are still in sellers territory.
Both trades will need time to Mature.
Fundamental Analysis 10/22/24Hello,
Today our STRONG currencies are:
AUD
JPY
On the WEAK side we have:
CAD
CHF
EUR
JPY
USD
NZD
I DO NOT KNOW WHY PEOPLE STILL WANT TO BUY AUD/CADhello everyone,as we can see from 1 day time frame price has already reach supply zone and now price is heading toward demand zone,only selling opportunity are good now.
AUD/CAD - Easy Bullish Momentum for 100 pip rangeAUD/CAD seems to be developing a falling wedge pattern, and alongside a double bottom, it has bounced off a key demand zone. Given these confirmations, I anticipate a strong likelihood of bullish momentum that could propel the price upward by at least 100 pips to reach the daily range. Easy 1:3 RR trade.
AUDCADAUDCAD is showing reversal with divergence in RSI , it break its last HL along trendline
sell with sl above recent high
AUDCAD / H1 / SHORTAUDCAD may experience a downturn from the Bearish Order Block
Bearish Order Block:
0.92801 - 0.92616
Bullish Order Block:
0.92069 - 0.91963
The price is approaching the Bearish Order Block, and based on the current market setup, there is a likelihood that AUDCAD will decline once it reaches this area. However, if the price reverses toward the Bullish Order Block, we can expect upward momentum. Let’s monitor how the price reacts after touching the Bearish OB.
Entry Limit Price :- 0.92613
Take profit :- 0.92265
Stop Loss :- 0.92961
AUDCAD bullish scenario Trend on the 4h and 1h is clearly bullish, if price can break through 0.9250 resistance that would give us a full confirmation for this pair, stay alert.
AUDCAD BEARS4 hour chart, price retracing the POI supply zone. M15, wait for rejection candlestick on the supply zone. For entry, the M1 should close below 40EMA
AUD_CAD POTENTIAL LONG|
✅AUD_CAD is set to retest a
Strong support level below at 0.9180
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 0.9260
LONG🚀
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AUDCAD Ready to go back upVolumetric void marked on the chart near moving averages, surely the market will visit this area below.
From there it could be a good area to start again.
The only negative side is news that will come out in a few hours, I don't like trading pre-news but I find this setup interesting.
we'll see.
