AUDCAD - Intra news tradeShort-term trade between 2 mid-impact news releases. AUDCAD was walking along support and is now consolidating in the shorter time frame.
There are defined support and resistance levels that it will likely want to test.
CADAUD trade ideas
AUD/CAD is Heading Down Soon U Can Enter Now the pair is moving downwards strongly and gave us this amazing down wave around the fib levels
AUDCAD - SellI’ve initiated a sell trade for AUDCAD, targeting the 0.89258 level. The charts shows a pattern of significant fluctuations, with the price currently positioned for a potential decline towards this support level.
Using a strategy I’ve carefully developed, I anticipate downward movements, with the price likely to oscillate but ultimately trend downwards to 0.89258 over the next few weeks.
This target is long overdue. It's coming!
AUDCAD SHORTMarket structure Bearish on HTFs 30
Entry at Both Daily and Weekly AOi
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection at AOi
Previous Daily Structure Retest
Around Psychological Level 0.90500
H4 EMA retest
Candlestick rejection
Rejection from Previous structure
Levels 1:5.11
Entry 120%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
AUDCAD - Triangle Breakout approaching NewsAUDCAD consolidating after some high volatility whipsawing.
AUD and CAD news is approaching so may see some volatility prior to the release as traders position themselves based on predictive sentiment and then a recurrence after the news as they factor in reality if not in synch.
There is a high likelihood of fake-break and returns to the pattern given the extreme range of opinions displayed through the recent previous breakout-and-reversal.
Possible AUDCAD, Bearish Moveprice on downtrend, with CHOCH on the daily, and 4hr also having BOS. price on a pull back to a sell zone to possibly continue the bearish movement.
Remember: Risk Management Very Important.
trend followingthe sellers are in control as the price is making a series of lower lows and lower highs also the breakout and retest is the entry point, there's a high chance that the market will continue trending down. bullish candlestick is our sign to sell the market
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.
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.
