AUD/CADOn Daily;
the overal Bearish move is obvious and thepullback couldn't match the previous high and now it's pulling back down.
On 1H chart,
A very nice Head & Shoulders has been formed to push the price down.
CADAUD trade ideas
Trading Idea on AUDCADAussie is under pressure due to weak Chinese data, and on the other hand, the Canadian dollar isn’t looking too strong either, thanks to tariffs.
But this setup is more of a pre-position ahead of US inflation data 📊.
If inflation comes in higher than expected, we could see this trade moving in our favor!
AUDCAD: Bullish Continuation
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDCAD chart which, if analyzed properly, clearly points in the upward direction.
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AUDCAD SellsI will be selling AUDCAD here as it is showing signs of weakness at the resistance. Price should retrace and fall out of that channel towards the monthly support.
AUDCAD buy opportunityPRACTICE - Day trading.
This is a practice from a new DAY TRADING course I'm taking, for logging purposes.
Please do not trade as my analysis might be incorrect.
I encourage constructive feedback.
If you did trade, make sure the drawing is respected, don't use exact values as they might differ from a broker to another.
Explanations:
MIN - last minimum point
MAX - last maximum point
BOS - break of structure
SMS - shift in market structure
SL - stop loss
TP - take profit
RR - risk reward
OB - order block
OB (15) - order block (based on M15) timeframe
If you like this kind of ideas follow me for more analysis.
AUDCAD - CARRY TRADECAD likely to be hit as a funding currency for carry trades
AUD will be the strongest currency because they just started cutting rates
Technical side :
- broken descending trend-line
- breakout of accumulation zone
- golden cross with retest
- overall bullish market waiting to resume
BEWARE OF TARIFF HEADLINES AS IT CAN DUMB THE AUD IN A MINUTE
AUDCADPrice acting as predicted , Now all we can do is wait for is our plan to pan out , patience will be key on this particular trade , followed by discipline , not letting emotions get in the way , trust the process .
AUDCADThe pair is holding resistance Refusing to take the upside liquidity.Now waiting for confirmation to enter , as the pair is forming a triple top. For me personally , I would be more convinced if price can at least take one of the tops and close below , otherwise now I will have to mind my risk as this will not be my best setup if there is no liquidity taken above .
AUDCAD- SELL FOR NOW hello , good morning , another opportunity in forex trading , Market is pulling down to complete the E Wave in ABCDE Correction.
Best of Luck
1. Trade according to your account balance
2. Risk Management
3.Thank you
Navigating Down: AUDCAD Short Opportunity AwaitsAs we delve into the AUDCAD currency pair, a clear selling opportunity has emerged, driven by the insights from our EASY Trading AI strategy. With an entry price set at 0.90111, we aim for a strategic profit target of 0.89863, while implementing a protective stop loss at 0.9035.
The rationale behind this bearish outlook is grounded in several factors. First, recent market trends indicate a stronger bearish sentiment, primarily driven by economic reports from Australia that suggest potential slowdowns in growth. This, combined with ongoing geopolitical tensions, may further pressure the AUD against its Canadian counterpart.
Moreover, technical indicators align with our prediction, showing that the pair is currently trading near resistance levels, which historically have led to price reversals. The RSI also indicates that the AUDCAD is approaching overbought territory, reinforcing our decision to sell.
For those trading this pair, maintaining a disciplined approach with set risk parameters is essential. By adhering to this strategy, traders can harness market fluctuations effectively while mitigating potential losses. Remember, the market requires patience and discipline; it's not just about the signals, but how you manage your trade that counts. Happy trading!
POTENTIAL LONG TRADE SET UP FOR AUDCADAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
The price has approached a previous swing low zone on the higher time frame (HTF) while moving within a descending channel. On the Mid time frame (MTF), an upward breakout from the descending channel has occurred. We will now monitor for a continuation structure to identify a potential entry point for the trade.
Expectation: A upward move is expected, with the target set at the top of the descending channel structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
AUDCAD at BreakoutAUDCAD is at breakout point, can go both side. If we look at the daily trend then its showing some reversal setup and if we see at 1 HTF then its showing divergence at RSI. We can put both side order and can wait for either side breakout.
AUDCAD AUD/CAD WAIT FOR OPEN MARKET AND WITTING NEWS
*** CAD ***
1- Canada Housing Starts
2- Canada Foreign Securities Purchases
3- Canada Foreign Securities Purchases by Canadians
AUDCAD Wave CWe have a lower low with bullish RSI divergence, which I'm labeling as green c / blue B.
In my primary count, we have already finished green I-II, and are currently on green III.
My target is gray resistance at .916.
AUDCAD: Growth & Bullish Forecast
The recent price action on the AUDCAD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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#004 Feb 2024 Obvious Range AUDCAD ShortPrice in a range.
Shorting for 1R SL to 0.65R TP or so.
Will come back at 9pm SGT later.
What will be will be.
I went to work just now and the CBF190R feels so much more responsive than the previous FZ16.
I lane split alittle today and felt safe, I also filtered in between vehicles on the highway because I felt that this bike could handle potential situations that might occur.
1733SGT 10022025
AUD/CAD SELL SETUPA Possible down movement can happen so i am waiting for a good opportunity to execute short orders.
Happy trading.
AUDCAD SYMBIOSE PATTERNW on a i.c.i. = SYMBIOSE pattern
I see some potential up side I will prob. not hold until my final TP we will see
4.5rr final
1% risk
AUDCADI am looking for a short because price has met resistance and I expect liquidity to take out the zone made from the HL.
AUDCADAUDCAD is in Accumulation phase.
Indicator shown that price will go up from here.
No such sign of reversal here.
we buy at CMP.
AUDCADhello trader, the price is consolidating downward after price reached the resistance, this is possible bull flag... but again with upcoming news of RBA cash rate on 02/18... the price could retest the support to make double bottom... or the price can breakout of consolidation and become bullish... no confirmation yet as price is in between main support and resistance so best to wait it out... overall I'm looking for buy position here.. just an idea for now to prepare you for your trade... good luck
