"AUD/CAD Bullish Retracement at Trend Line & Fibonacci Zone"AUD/CAD is currently in a bullish trend, with the price pulling back to test trend line support while also aligning with the golden pocket on the Fibonacci retracement.
AUDCAD trade ideas
AUDCAD: Leveraging Probabilities for Strategic Long PositionsKey Fundamentals Supporting Bullish Bias:
- Recent strength in commodity prices, particularly iron ore, benefiting Australia's export-driven economy
- Expectations of a less hawkish stance from the Reserve Bank of Australia, potentially supporting economic growth
- Relative weakness in the Canadian dollar due to concerns over the housing market and oil price volatility
By utilizing probabilities in chart analysis, I can identify optimal entry points for AUDCAD longs while managing risk effectively. This approach allows for a more systematic trading strategy, aligning with the current bullish bias in the AUDCAD pair.
12M:
2W:
HOURLY TF:
AUDCAD SHORTAUDCAD Is making Higher Highs and Higher Lows, it Is in up trend but now it formed RSI divergence. it will likely to change its up trend into down trend so place the sell stop order below HL
AUDCADAUDCAD is in bullish trend.
bearish divergence also shown in RSI.
market sentiment is also bearish.
We wait and watch for the breakout of last HL.
AUDCAD Will Move Higher! Long!
Here is our detailed technical review for AUDCAD.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.929.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.931 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Easy Sells on AUD/CAD - 1:3 RRPrice has currently broken and retested a trendline and is currently over-extended. I am expecting price to continue bearish until near the range for a 1:3.5 RR. SL will be above the trendline and TP near range.
AUDCAD - Technical Analysis [Short Setup]🔹 AUDCAD Analysis on 1H chart
- The current Trend is BULLISH
- There is BEARISH divergences
- Reversal pattern is present which is rising wedge
🔹 Trade Plan
- Entry Level = 0.93494
- Stop Loss = 0.93746
- TP1 = 0.93264
- TP2 = 0.93008
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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AudCad Trade IdeaAudCad has been all over the place when it comes to structure but at the moment we are bullish. There's a level on the 4hr that I want to see price retest before possibly continuing those longs to 94000. If price can retest the 4hr level we would also get a retest of a weekly resistance level. We'll see what happens.
AUD/CADComplete analysis of the AUD/CAD pair
1- The emergence of an ascending price channel
2- Touching the price channel from above
3- The emergence of a strong display area
4- The appearance of divergence on two MACR-RSI indicators
So we start looking for a strong selling area
AUDCAD 19th September to 27th September 1 Hour Chart 3 of 5AUDCAD Formed and completed near perfect re-accumulation trading range breakout this week.
The range buying climax occurs back on the 19th September, a near perfect retest of the daily SMA creates spring revealing the last test of demand with price immediately rallying 80 pips to close on top of “signs of strength) in Phase B.
AUDCAD bullishness for next periods to see still
AUDCAD in last periods strong bullish, still we have strong indications for bullish continuation.
TP1: 0.95000
TP2: 0.96000
AUDCAD continue its BULLISH PATTERN.price action already make FLAG PATTERN
.no any bearish divergence here
.lets drive with trend.
AUDCAD THE SPIKE HAPPENEDEVERYTHING ON CHART
please check my pre idea so you can understand better
signals and analsys are free... and always will be
TRADE: BUYING WAITING TO SELL
DURATION: SHORT TO MEDUAM
SCALP: NO SCALPING
AUD_CAD WILL GROW|LONG|
✅AUD_CAD is trading in an
Uptrend and the pair broke
The key horizontal level
Of 0.9260 so we are bullish
Biased now and we will
Be expecting a further
Bullish move up
LONG🚀
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AUDCAD BULLSBOS on the Daily chart. Retracement on the current demand zone for upward strength. Waiting for the current high on the M15 to be broken, which will signal ChoCh to validate our bullish trend. Wait for the 20EMA to cross above the 40EMA in the M1 chart!
trend contiuationThr price broke out of resistance, if it reverses and retests the Resistance that became support, then we will use H1/M15 to confirm price continuation then we can enter our buys
tip - go for a 1:2/ 1:2.5 R:R
AUDCAD SELL!AUDUSD touched the resistance now take sell order.
Resistance level :- 0.92810 and 0.92463
Entry price :- 0.92749 (within order block)
Take Profit :- 0.91970
Stop loss :- 0.93150
AUDCAD- Capitulation after retest?AUDCAD has made a test of the previous pivot high and has had a rejection with a single Gravestone Doji candle painted. It may make another attempt which would indicate returned bullish enthusiasm.
Failure of support of the trend fan-lines could indicate the start of a bearish retracement.
AUDCAD Long - SLs Patiently Waiting To Get DestroyedWell, there is not much to be explained besides of: Look at the weekly and the higher lows. How much of confirmation do you need, that we want to attack the upper range? Look at the 4h and tell me what you see? I see dozens of Shorts trapped and begging to stay alive. Green line needs to hold to validate this idea. Good luck.
AUDCAD is BearishPrice was in a strong uptrend, however the bears seem to be assuming control of the price action owing to a bearish divergence on four hourly time frame. If the bearish momentum sustains then we can expect further slide in price. Targets are mentioned on the chart.
AUDCAD BEARSRetracement on the 61.8% Fibonacci level. High broke previous low, resulting in change in direction. Liquidity has been swept. Wait for a 20EMA to cross below 40EMA in M1 chart and a reversal candlestick in M5 for sells.
AUDCAD → Going Up Soon?Dear traders,
Here's a solid setup of a nice Break & Retest that we found on the H4 timeframe of AUDCAD! Price is also above the EMA line which gives us a nice confirmation that price could go bullish from here.
