SHORT on AUDCADHello Fellow Traders,
I'd like to share a short trade idea on AUDCAD following the recent Australian minutes. This is a risk entry, so I'd love to hear your thoughts on this setup. What do you think about this trade?
AUDCAX trade ideas
6. AUDCAD - Sell StopA strong 30-mins and 15-mins bearish divergence suggests the price will go down, since it has broken the previous higher low, I'm going short after the break of now previous "lower high" with risk reward 1:1
Could price reverse from here?AUD/CAD is reacting on the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 0.91810
1st Support: 0.91075
1st Resistance: 0.92467
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IDEA AUDCAD LONG POSITIONPair : AUDCAD
Position : LONG ( BUY )
Entry Price : 0.91550
STOP LOSS @ 0.91350
TP1 : 0.91780
TP2 : 0.91980
TP3 : 0.92580 ( Trailing SL )
$AUDCAD | Sell Trade | Market Exec | Technical Confluences:
- Price actions are now at Stochastic Overbought conditions in Daily, H4 and H1
- Price action is at the 78% Fibo retracement levels which also coincides with a Interest Zone
Fundamental Confluences:
- Both currencies are considered as commodity currencies and both currencies require strong commodity prices to prosper and it all comes down to growth
- Australia's growth is more concentrated on China's outlook and Canada's very US-centric still.
- We are still not seeing much growth momentum in the China space and with US-side having a soft landing possibility, Canada's prospects should be better at the moment
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Will be taking a position into a sell OANDA:AUDCAD position.
Targeting to TP approximately half the position at the 50% Fibo Extension levels (in blue) and move my SL levels to B/E. It will depend on how the price action is at the 50% Fibo's Interest Zone.
This trade will be the battle of the Interest Zones.
Full TP are the 61%/78% Fibo Extension levels.
Remember, DYOR.
Bearish reversal?AUD/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and the 161.8% Fibonacci extension and could reverse from this level to our take profit.
Entry: 0.91697
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement and the 161.8% Fibonacci extension.
Stop loss: 0.92564
Why we like it:
There is a pullback resistance level.
Take profit: 0.91024
Why we like it:
There is a pullback support level.
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AUD/CAD +60 Pips , New Entry Added To Who Missed First One !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
BEARSH CONTINUATION IMMINENT if price gets rejected from the resistance line and forms a Head and Shoulder pattern the price will probably will go bearish.
AUDCAD - Retracement for Bullish ContinuationFX:AUDCAD is moving upwards, creating higher highs and higher lows after breaking above the descending trend line supported by a previous resistance-turned-support level suggesting that the sellers may be losing control and buyers are gaining momentum!
Current price action poses a potential buying opportunity after a pullback into the “Buy Zone". The strategy is to enter a long position within this zone, with a stop loss placed below the defined support, aiming for a continuation of the newly established uptrend.
Audcad for buysWait for a retest on the highlighted zone and a bullish candlestick pattern, then take your buy. Price might not retest the below zone but it could break above the upper, wait for a retest and candlestick confirmation, then take your buy.
AudCad -Long opportunityCup and Handle pattern formation. Price broke out!
Moving averages 20 and 200 crossing over. Price just above the MA.
it is a probability that the recent high of 0.95379.
AUDCAD: Bearish Forecast & Bearish Scenario
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the AUDCAD pair price action which suggests a high likelihood of a coming move down.
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Trade idea - AUDCAD Long4H
Bullish impulse: indication.
Pattern within pattern: confirmation.
Inverse Head & Shoulders pattern + Bullish Fake Out flag pattern.
Clear support & resistance zone is there.
-68 Fibonacci completion aligning with entry zone.
Corrective approach towards entry zone.
= Buy limit.
1% risk.
RBA Gov Bullock speaks at 1.30 AM. Be aware.
AUDCAD CHART ANALYSISHere is our opinion on AUDCAD,as we are expecting more BULLISH MOVEMENT to around 0.90905, where our STOP LOSS is around 0.90325, the Trend on this Pair, is still UP,we also have a pullback to a Major area, we 200MA confluence on the 2hour TF,and from the DEMAND area, we have a LTF entry Confirmation. You can add this to your watch-list or Trade in the Direction of this Setup, if this matches with your IDEA. Will give update on how price plays, in the Update section.
AUDCAD1. Bearish Divergence along with Double top formation, it looks like the price has lost its bullish momentum. will take a short entry of 0.25% on the breakout of the previous HL.
Trade idea - AUDCAD Long4H
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Instant market execution Buy.
1% risk.
Bullish M pattern & Bullish Fake Out flag pattern as extra evidence.
AUDCAD Potential breakout to do downsideAUDUSD is making higher highs on the 1-hour chart, but it's important to observe that bullish momentum seems to be waning, with the slope of the upward movement beginning to flatten. As the market approaches the weekly resistance, the upper boundary of the channel, and the key psychological level at 0.9100, close attention should be paid to how the price reacts in this area. Since the price has previously rebounded from this zone, a retest of the support level is likely, especially given that the daily timeframe indicates the market has reached a critical resistance point. If a rejection candle forms, it could signal a reversal or a deeper correction. The potential target is the support level at 0.90320
AUDCAD Simple Trade PlansSentiment out of AUS last night has has rallied AUDCAD.
Seeing moves to the upside within a longer term trajectory (mostly propelled by easing cycles).
Labels noted.
AUDCAD Bullish? or Bearish? At the Turning pointAUDCAD is at major support from where it rebound 2 times if sustains this support pullback is possible if not then more Fallis also possible as seen from the graph. take the trade accordingly with strict stop loss or hedge the position!
AUD/CAD - Bearish CampaignThe big drop of off 0.9034 is a strong indication that price action was faking a breakout when instead it's actually cooking up a full fledged downside reversal. Jumping in with a new short position. targeting 0.8860
AUDCAD long entryAudcad completed a 2 legged move with a break and pullback on wave C. Im expecting a push from here. This analysis is on assumption that the trend is still bullish.
SHORT IDEA AUDCADAUDCAD short is on the possible horizon. The market is on a downtrend. Wait for the retest at the inverted head and shoulders neckline and enter. Retest is key.
