AUDCAD ChartAUDCAD Chart
There is bullish trend but there is bearish divergence. Wait for the break of last HL. Will open short trade if the HL breaks and stoploss at the last HH.
AUDCAD trade ideas
Possible Buy Trade on AUDCADThis is my analysis trade for AUDCAD.
Weekly is bullish all the way to Daily and 4H for HTF direction.
I will wait for the price to go down to my buy zone on 4H timeframe and watch price action closely once price goes to this zone and see if price action will show possible buy trade on this using either 30M or 15M timeframe.
I added a trade alert so I will not look at this pair in the week until my alert gets triggered.
Possible target would be the next Order block on the 4H timeframe.
I will update my trade idea here once price goes to my buy zone for my possible entry on the lower timeframe.
AudCad Trade IdeaAudCad has been trending BEAUTIFULLY! I managed to catch some solid shorts to the downside last week. I published a set up last week stating that if price could push above the last lower high and give a clean flip then we could expect longs for the week. Price did just that while maintaining bullish structures. We have a solid level being 92600 that made price push to the upside in the past. If price can do the same thing here then we can expect some more longs and may even see price tap back around 93870.
Aniticipating Sell off 3rd week candleI will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
AUDCAD Daily: the bulls on the driver's seat...AUDCAD Daily: The uptrend seems to be continue during this new trading week. The price is respecting the TL and is making HH and HL for some time confirming the uptrend. A Daily Support at .088002 can be a strong rejection level if price retraces. If this strong uptrend continues we may see the price testing the 0.95552, previous resistance from January 2023. The EMA(21) is doing a good job as dynamic support and as long the price stays above that shows the bulls are in control. A possible MACD bullish cross around the zero line suggest an increase in the bullish momentum and once confirmed it will give more strength for the price test the 0.95552. I will be watching this pair tomorrow(Monday AEST) with a possible long entry targeting the 0.95552 level.
AUDCAD Long - already pulled to VA on HTF and closed above previous impulse POC. so I will look to buy this as it pulls to previous week's VA and then hold above CPR.
AUDCAD - 4H - BULLISHTechnical Analysis: AUDCAD is in a bullish trend, moving within a bullish channel on higher timeframes. Recently, it broke above the trendline, confirming the continuation of its upward movement. The pair is printing higher highs (HH) and higher lows (HL), signaling strong bullish momentum. We will look to buy at the 0.382 Fibonacci retracement level to capitalize on this trend. There is no divergence on higher timeframes, which further confirms the strength of the trend.
Seasonality: According to seasonality, AUDCAD typically remains bullish from the start of October until the end of December, aligning with the technical outlook.
Entry Strategy:
Entry Point: Buy at 0.92826 at the 0.382 Fibonacci level.
Stop Loss: Set at 0.92397 , just below the last higher low (HL) in a good resistance zone to manage risk effectively.
Take Profit 1: First target at 0.93256 for initial gains.
Take Profit 2: Second target at 0.93686 for extended profit.
This strategy combines both technical signals and seasonality, aiming to take advantage of the ongoing bullish momentum in AUDCAD with clearly defined entry, stop loss, and take profit levels for effective risk management.
AUDCAD longPrice reacted from golden pocket fib tool and made a MSS and a BOS on H4.
I would like the price to retrace in H4 FVG or BPR(is in discount and offers a better RR) for a long.
Expecting the price to go at least to equilibrium area ( 50% fib TP1).
Good luck! :)
AUDCAD My Opinion! SELL!
My dear friends,
My technical analysis for AUDCAD is below:
The market is trading on 0.9270 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9222
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
"AUD/CAD Retracement to Golden Pocket Signals Sell Opportunity"AUD/CAD has broken its structure and is now retracing to the golden pocket of the Fibonacci level, forming a lower high. A sell at the current market price is recommended.
Bearish reversal?AUD/CAD is rising towards the resistance level which is an overlap resistance that is slightly above the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.92725
Why we like it:
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Stop loss: 0.93199
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.91910
Why we like it:
There is an overlap support level.
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Taking longs on AUDCAD I think AUDCAD is going to the upside. I entered because the weekly bars is bullish and all the other timeframe aline with it as simple as that.
chart below is on the 2hr,
chart below is daily,
chart below is weekly,
Its ready to go up. Daily / Weekly range from HTF levelIt's ready to go up. Daily / Weekly range from HTF level, it has all attributes for the successful trade.
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
AUDCAD BUY OPPORTUNITYDaily break and retest completed.
Fibs and ema lining up. Looking to enter at .92090
AudCad Sell to BuyI already placed my pending orders to take advantage of the ranging movement before heading to the upside .
Happy trading.
Lingrid | AUDCAD trend CONTINUATION OpportunityThe price perfectly fulfilled my last idea. It hit the target level. FX:AUDCAD took liquidity below the strong support level at 0.9200 and subsequently bounced back, closing above this level. This price action indicates that buyers stepped in to defend the support, and overall, the market trend remains bullish. On the daily timeframe, the formation of a long-tailed bar suggests a rejection of lower prices, further reinforcing the bullish sentiment. Similarly, on the weekly timeframe, the price took liquidity below the lows of the past two weeks. Therefore, I expect the bullish trend to continue, with a target set at the resistance zone around 0.92960.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDCAD BUYAUDCAD LONG bearish channel breakout.price rejected last structure .expecting more bullish pressure
AUDCAD BULLISH (1H Divergence, Break of Trendline and Structure)AUDCAD showing a bullish momentum with 1H Divergence, break of structure (BOS) i.e. DOW setup and also the break of falling trendline.
Entry: CMP
SL: Previous HL
TP: 1:1 R:R
What do you think guys, will it work?
AUDCAD: Important Bearish BreakoutAUDCAD has broken and closed below a significant horizontal support level during the day.
After a retest, there has been a clear bearish reaction.
The pair may continue to decline towards the 0.9140 support level.
AUDCAD Long Term Selling Trading IdeaHello Traders
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AUDCAD: Important Bearish BreakoutAUDCAD has broken and closed below a strong horizontal support level during the day.
Following a retest, there has been a noticeable bearish response. It is possible that the pair will continue to decline towards the 0.9140 support level.
