20240913 - AUDCAD - Bullish ReversalSeasonality: Bearish
RSI: Bullish Divergence
Pattern: Inverted Cup
Seasonality : Bearish
Entry @ Fib 38.2
RR: 1:2
EP: 0.90186
SL: 0.90101
TP1: 0.91728
TP2: 0.92657
CADAUD trade ideas
AUDCAD My Opinion! SELL!
My dear subscribers,
This is my opinion on the AUDCAD next move:
The instrument tests an important psychological level 0.9100
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.9065
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
AUDCAD Excellent buy signal on the 1D MA200The AUDCAD pair gave us an excellent sell signal last time (July 08 2024, see chart below) and easily hit the 0.9000 Target:
This time, we have an established Channel Up with two Higher Highs and three Higher Lows priced in already. We are currently on the new Bullish Leg following the rebound on the 1W MA200 (orange trend-line).
As long as this holds, we will treat every touch on the 0.786 as a buy opportunity, similar to the Triple Bottom of March - April. That Bullish Leg marginally surpassed the -0.5 Fibonacci extension to print its Higher High, so our Target will be just below it at 0.94000.
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AUDCAD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.90900 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.90900 support and resistance zone.
Trade safe, Joe.
AUDCAD - Momentum Divergence and Bearish Pennant?AUD has had a strong run-up against the CAD and appears to be pausing with consolidation taking the pattern of a rising Bearish Pennant as well as a divergence between price and Momentum.
This pause could precede a breakout to retest previous resistance/support levels and previous pivot highs/lows which are in close proximity, so high non-directional volatility could trigger tight stop-losses.
Expectations amongst the retail traders are that it is due for a bearish retracement so there is a high likelihood of a bullish spike fueled by their stop-losses above the market prior to this retracement.
AUDCAD: Will Start Falling! Here is Why:
The recent price action on the AUDCAD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
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AUDUSD SHORT ON 15m TF (IV Imbalance)Shorting KRAKEN:AUDUSD from the current market price towards the IV imbalance point, let's goooooo
Short AUDCADAfter breaking the support level at 0.91174, AUD retested and failed to close above it. Instead, AUD closed below the 20,50 and 200 EMA and started to show weakness against the Canadian dollar.
AUDCAD QUICK 15 MINUTE SHORT This is a quick 15m short towards the FVG area in the 5m chart, high leverage high capital strict stop loss of 0.90470 is the game here. TP is around the FVG.
Potential bullish rise?AUD/CAD has reacted off the support level which is an overlap support which aligns with the 50% Fibonacci retracement and could rise from this level to our take profit.
Entry: 0.90284
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.89593
Why we like it:
There is a pullback support level.
Take profit: 0.91122
Why we like it:
There is an overlap resistance level that lines up9 with the e 61.8% Fibonacci retracement.
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order block and chart patternas you can see the order block confirmation we wait for the downtrend and its also following the support and resistance on the down trend also a risk management trade
AUD/CAD Bearish Analysis After a successful perfect execution of the long scalp (look at my previous analysis) we are now going to short this trade from the negative order block area towards the first target being around 0.901. Let's hope for the best.
AUDCAD SHORTAUDCAD is making lower highs and lower lows. It is in bearish Trend. At fibbo level 38.2 we can sell.
AUDCAD - BULLISH 15 MINUTE (5 MINUTE TF +OB & FVG)AUDCAD looks good enough to scalp on the respected targets as given above. We can see an IV imbalance along with a FVG gap and a positive order block in the FVG area which provides us a little bit of more clarity, let's see how this one goes.
AUDCAD 1h Reversion Zone Fill ExpectedReturn and fill into the reversion zone range is expected.
Reversion zone range: 0.90458 - 0.90357
Resistance level: 0.90517
Support level: 0.90242
⚠️ Reversion Zone is an area on the chart where the price often returns after deviating. Some zones will be covered by nearby candlesticks, while others may take more time. Also the zone may never be filled, be careful.
AUDCAD BEARSCurrently in a downtrend. The small up-side movement was a pull back to the supply zone ( flip zone ). TP 3 @ 0.89726
AUDCAD is in bearish phase after breaking trendline and support major confluences like trend-line broken, support zone broken, and series of LHs and LLs give strong indications that the trend is now bearish moreover another support zone has been drawn at which price will most probably fall
AUD CADTHIS IS MY SETUP FOR AUD CAD
I use Fibonacci to get these extreme points and my preferred one is 80% retracement, with a risk-reward of 1:4, but this time I'm using 75% retracement.
Trade carefully
This is not financial advice, DYOR.
AUDCAD Long Term Selling Trading IdeaHello Traders
In This Chart AUDCAD HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
🟢This Chart includes_ (AUDCAD market update)
🟢What is The Next Opportunity onAUDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
AUDCAD - NEW BREAKOUT !On Monday 19 August, The AUDCAD reached the resistance level (0.91896 - 0.91737).
The price broke a strong support level (0.91145 - 0.91290).
This key level becomes a new resistance level !
So, I expect a bearish move📉
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TARGET: 0.90300🎯
Short TradeWe have seen a breakout from a channel pattern followed by multiple pullbacks which formed a triangle on Friday and now we a impulse followed by a smaller pullback which indicates a strong bearish impulse
