AUD/CAD - Bearish CampaignThe breakdown below the key-level support of 0.9034 strongly suggests that price action is on the move to the next big support level at 0.8860. We're taking a short position on the pair.
AUDCAX trade ideas
AUDCAD | Hidden Bearish Divergence
The AUDCAD chart shows the formation of a Hidden Bearish Divergence, indicating that the current uptrend may soon reverse into a downtrend. Additionally, there is high-impact CAD news today with the release of the CPI data.
On the chart, there is also the formation of parallel channels. We expect these channels to break soon, supported by the confirmation of the Hidden Bearish Divergence.
In summary:
1: Hidden Bearish Divergence: Indicates a potential reversal from an uptrend to a downtrend.
2: High-Impact CAD News: The release of CPI data today could significantly influence the price.
3: Parallel Channels: The chart shows parallel channels, and a breakout is anticipated soon.
These factors together suggest a potential shift in the trend, but it's crucial to monitor the news and conduct thorough analysis before making any trading decisions.
AUD/CAD SHORT AUD/CAD SHORT "break of structure + 72%fib retracement + supply area + 50 ema dynamic resistance "
AUDCADAussie can show some strength against the canadian dollar if the price breaks above the neckline. keep your risk managed. The setup can take time may be a week or so.
audcad sellHere's a bearish technical analysis for the AUD/CAD pair on the H4 chart:
1. **Trend Analysis**: The overall trend on the H4 chart shows a bearish market structure, with lower highs (LH) and lower lows (LL) being formed¹.
2. **Key Resistance Levels**: The pair is approaching a key resistance level around 0.90450, which aligns with the 23.6% Fibonacci retracement level². This area is crucial as it could act as a potential reversal zone.
3. **Bearish Patterns**: A Bearish Butterfly Harmonic Pattern (XABCD) is forming, indicating a potential bearish reversal. Point D, the Potential Reversal Zone (PRZ), is aligned with a key resistance area and intersects a daily trend line².
4. **Indicators**:
- **MACD**: The MACD indicator shows a bearish crossover, suggesting downward momentum³.
- **Parabolic SAR**: The Parabolic SAR is above the price, indicating a bearish trend³.
- **Bollinger Bands**: The price is near the upper Bollinger Band, suggesting an overbought condition and potential for a correction³.
5. **Entry and Exit Points**:
- **Entry**: Consider entering a short position around the resistance level of 0.90450².
- **Stop Loss**: Place a stop loss above the resistance level at 0.91400 to protect against potential false breakouts².
- **Take Profit**: Target significant support levels at 0.89500, 0.88550, and 0.87600².
This analysis suggests a bearish outlook for AUD/CAD on the H4 chart. Always ensure to manage your risk effectively and stay updated with market news.
AUDCAD may fall further to extend the patternAUDCAD may fall further to extend the pattern
AUDCAD is developing a corrective pattern.
At the moment it looks like it will create an ABCDE pattern.
If the price respects the pattern's upper boundary, we will likely see the AUDCAD to test 0.8940 soon in order to complete the D wave of the pattern.
You may find more details in the chart!
Thank you and Good Luck!
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AUDCAD - On 1D & 1H time frame analysis and trade planAUDCAD has been analysed on two time frames (1D & 1H). In 1D time frame, this pair is making a bullish flag without divergence. So, I did the marking of the bullish flag with purple trend line (Purple colour is my choice for 1D marking and analysis because it is the 2nd colour from right) to know the overall trend of the pair. Then I switched to 1H time frame and 1H analysis and that is the time frame I planned my entry. In 1H time frame the pair of course is in downward trend without divergence (this downward trend is due to the the FLAG of the bullish flag pattern). I planned my entry on the recent downward swing of the trend where it has broken an upward trend line as well as the Support line. There will be an upswing later (due to the formation of the 1D bullish flag and a possible breakout of the flag from where the trend could be in bullish trend in 1D time frame.
The Signal is:
EP: 0.90021
SL: 0.90465
TP: 0.89580
RR: 0.2%
Lots: 0.06
AUDCADAussie can show some strength against the canadian dollar if the price breaks above the neckline. keep your risk managed. The setup can take time may be a week or so.
Audcad buy or sell Am selling a possible buy or sell on this asset. If price breaks bellow and makes a retest then it's a sell. If it breaks above and retest support then a buy to next resistance.
Should I be selling AUDCADHello traders another wonderful week!! I don't like this trade that much
Lets dive deep
What we have here is a structure That has held up very but has finally been broken.
I'm pretty sure you can identify that this is a downtrend and we are planning on joining the movement.
This trendline is carefully placed with 2 touches with the on that I circled being the third touch. That is what I don't like about this trade "It takes 2 to hire but 3 to fire" you should avoid trades with 2 touches.
The 50 EMA with default settings clearly shows us that this is a downtrend.
One thing I don't like about this trade is that we don't have a divergence on this trade
Aud------cad _-----bullishtrend is near resistance and trend line with divergence there is probabilities that will be continue upward from that
AUDCAD The price has reached the ceiling of the channel. We still do not have any signs of spilling or breaking the channel. We are waiting for further confirmation. This post will be updated.
AUDCADCurrently on AUDCAD on the WEEKLY time-frame price has just taken out the previous candle stick range low and has closed below it is indicating a very strong resistance, so we are now waiting for the market to open and we enter at the low of the week which will be created between Monday and Wednesday before taking of completely.
AUDCADCurrently on AUDCAD on the WEEKLY time-frame price has just taken out the previous candle stick range low and has closed below it is indicating a very strong resistance, so we are now waiting for the market to open and we enter at the low of the week which will be created between Monday and Wednesday before taking of completely.
AUDCADCurrently on AUDCAD on the WEEKLY time-frame price has just taken out the previous candle stick range low and has closed below it is indicating a very strong resistance, so we are now waiting for the market to open and we enter at the low of the week which will be created between Monday and Wednesday before taking of completely.
AUDCAD 90 BreakAUDCAD is consolidating in an Ascending Triangle above .90 level.
This large round number isn't broken so easily.
Short Bias
1. 200 MAV - price is beneath.
2. Confluence 20/50 - confirming bearish price action
3. Triangles - Ascending triangle forming above Support . On a HTF this is a down leg of a much larger Triangular Consolidation.
4. Order Flow - bearish , with likely Drop - Base - Drop pattern looking for the first unmitigated
Supply Zone just above .89.
5. Momentum - below 50
A confirmed break of 90 leads to 89.
Selling on 4hrFollowing up from last weeks head moment and the last push of the week! Let’s end strong
AUDCAD possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H and wait for possible reentry again
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
AUD/CAD Is Preparing Itself To Fly be readyi believe this i a very strong buy setup check the entry reasons in the video
AUDCAD Short Term Sell IdeaH4 - Bearish trend pattern
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
AUDCAD BULLJust finally hit major structure you can go validate the other ideas i put out on this pair as the previous trades are still there ....and yes i posted them at the start unlike this but if you know the rules you'd have bought at 0.8790...
AUDCAD Going short on AUDCAD.... Previous support now is resistance is looks.... %61.8 fib pullback. My kind of trade... Multiple TP targets.
Picture perfect setup on AudCadfirstly we had an fvg from monthly chart where jul month candle has retested it
on the following lower time frames we can se price first trapped the early long players and came upto the mid line of fvg
the three candle as red impulse to down side then a doji followed by green big bar is sight indication of long build up
if so,
the current running candle can retest the doji candle high where we can put the buy order and recent low as our stop loss strictly
0.9800 >> 0.9115 >> 0.953
could be the potential target
