AUDCAD reached resistance of its trendline!AUDCAD reached the resistance and potentially will make reversal in 1H
Good luck!
SELL AUDCAD 0.925
SL 0.9305
TP 0.915
AUDCAD trade ideas
AUDCAD - (500 pip move)Longing AUD
Expecting pullbacks in DXY - 3 of 4 weeks were positive
Weak Oil prices - Weak CAD pair
Expecting a strong move with Aussie moving up.
Short on the daily AUD/CADShort on AUD/CAD with the usual 1% risk set at 1.5xATR. However, in this case, we've also set the TP at 1:1 RR for 50% of the position as the level also coincides with the 161.8 level on a Fib we're observing. If price should breach the TP, the second half of the position would be left to run with a trailing stop at 1xATR
Audcad for buy.Price formed a rising channel on higher timeframe, on lower timeframe, price formed a descending triangle. Let price breakout of the trendline and retest the support zone, wait for bullish candlestick pattern and then we take a buy.
AUDCAD potential sell Strong opportunity to sell. I’ll be waiting for price to break the neckline then I believe we can push down to our next support point
AUDCAD Descending Triangle: Key Support Levels to WatchAUDCAD moved up from 0.9060 to reach 0.9375, and now forming a descending triangle pattern. This pattern usually appears when the price is making lower highs, meaning sellers are pushing it down, but there’s still a solid support level holding it steady, around 0.9165.
Currently, AUDCAD is trading at 0.9175, and it seems likely to keep dropping. The first level to watch is 0.9110, if the price breaks below this, it could continue down to 0.9060, where the previous rally began.
If sellers keep control, we might see more downward movement. But if support holds, there’s a chance for a bounce.
AUDCAD, Bullish FlagBullish Setup
Flag Formation
Tested its support level 3 times
Breakout can appear
Enter with buy stop and SL below support area
BREAK THROUGH SUPPORT OR RETEST looks like audcad has come to retest the 0.91650 support level for the fourth time with a good chance of a breakthrough towards the downside, although there is some rejection on the 1 hour time frame meaning some pullback, but on the daily time frame we could see break through the downside as volume seems promising
Monitoring pair 1AUDCAD Weekly Analysis
On the weekly timeframe, AUDCAD will likely approach a significant area where a retracement is anticipated. The 0.168 Fibonacci level is expected to serve as a potential pullback zone, where the price may consolidate or reverse. This level could act as temporary support or resistance, presenting an opportunity to evaluate future trade entries and exits. Observing how the price behaves around this level will provide insights into the strength of the trend and potential setups for continuation or reversal.
Audcad from weekly AUDCAD Weekly Analysis
On the weekly timeframe, AUDCAD has reached a key area where a retracement is anticipated. The 0.168 Fibonacci level has been identified as a possible pullback zone, indicating a chance for price to consolidate or reverse. This level could act as a temporary support or resistance, providing an opportunity to re-evaluate trade entries and exits. Watching how price behaves around this level can give insights into the strength of the current trend and potential setups for a continuation or reversal
AUD/CAD - Weekly AnalysisPrice is moving within a weekly uptrend, with the most recent higher high printing at the end of September last month. Currently correcting, price is finding support circa 0.9165 for the third week in a row. Potentially smaller, bullish changes in cycle could be the start of a new weekly impulse back up to major resistance at the 0.9500 zone.
AUDCAD FRI 25 OctDaily : Bearish Trend, Bearish Reversal identified,
H4 : Divergence found, ChOCH low identified. Levels 1 & 2 Completed price retracing to key level H1: ChOCH Low identified. Wait for retracement
AUDCAD : Keep an eye on it, Everything is highlightedAUDCAD : Keep an eye on it, Everything is highlighted
For an eventual Buy or Sell Setup
AUDCAD BULLSPrice failed to create a new low. H&S pattern in M15 signals a trend reversal. Equal highs = SSL (red arrows). M15 will close above the 40EMA, break structure. Cross over of the 20EMA above the 40EMA in the M1 chart.
Bearish drop?AUD/CAD has reacted off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.92022
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.9246
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.9132
Why we like it:
There is a pullback support level.
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AUDCAD: 1D MA50 just confirmed a sell signal.AUDCAD is neutral on its 1D technical outlook (RSI = 47.833, MACD = 0.001, ADX = 20.919) as the price hit and remains on the 1D MA50. The long term pattern is a Channel Up that 3 weeks ago made the latest HH. The crossing under the 1D MA50 has confirmed the new bearish wave as the July 23rd January 5th 2024 crossings did. The 1D RSI is also on an identical correction. All pullback waves hit atleast the 0.618 Fibonacci level, which yet again is what you should be targeting (TP = 0.905500).
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AUDCAD still optimistic in price levelAUDCAD daily time frame shows an optimistic outlook for this pair with potential bullish continuation. Today candle is crucial and this confirmation shows a nice rejection from 0.9172 price level. First bullish movement testing 0.9290 supports this move as we see bullish strength building up. Good risk and reward opportunity
AUDCAD BEARSPrice is in a bearish trend! Price rejected on the POI demand zone. Due to aggressive bearish pressure the supply zone will be the POI. M15 is a quick buy toward the supply zone (POI). If price closes with a reversal candlestick on the POI, do not hesitate to enter sell AUDCAD!
Potential bullish rise off major overlap support?AUD/CAD has reacted off the pivot which has been identified as an overlap support and could rise to the 38.2% Fibonacci resistance.
Pivot: 0.91639
1st Support: 0.91318
1st Resistance: 0.92061
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SELL!!! AUDCAD IS IN A AREA DAILY INTERESTHELLO TRADERS I AM VERY INTERESTED IN SELLING THIS PAIR FOR THIS WEEK AUDCAD READY TO SELL.
TECHNICAL ANALYSIS
CONFLUENCES TO SELL AT THE MOMENT
1.- Bearish daily time frame
2.- 4 Hr bearish time frame
3.- we are in an area of daily interest
4.- psychological number 0.92500
5.- structure change 30 M
why do I like it?
The price is currently in a daily interest zone that has been rejected repeatedly in the past and is being rejected at this time.
The psychological psychological level 0.92500 is being respected and is strong to attract sellers at this level.
We have a rejection candle on the 4-hour time frame that may bring a price reversal in this area.
The 4-hour time frame has turned from bullish to bearish.
I will wait for a retest of my interest zone to enter selling if my entry pattern is met in 30 minutes.
If you like my idea follow me and comment, I will respond to suggestions and comments!
AUDCAD - 4hrs ( Sell Trade Target Range 150 PIP ) 🟢 Pair Name : AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢 Key Technical / Direction ( Short ) Break Out Done
Type : Mid Term Swing
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Bearish Break
0.91650
reasons
- Major Turn level
- Visible Range Lvn
- Fixed Hvn
- Trend / Pattern Break
- Low's ./ D + w Break
Bullish Reversal
0.90500 Area
Reasons
- Major Turn level
- Visible Range Hvn / Poc
- Week low Area / P
- Pattern Target
- Fibo Golden
AUDCAD TRADE ENTRYOn this Pair, we are looking at price to continue with its downtrend, price had pullback to the H4 supply, with confluence on the 30mins tf and 15mins, also the AUDs are showing a weak signs. You can add to your watch-list, if this matches with your trading strategy? Please let me know your views and opinions in the comment session
AUDCAD Short Trade SetupA short trade opportunity recently presented itself on the aussie-loonie trading chart.
This is occasioned by the bearish order block which acts as a resistance zone preventing any further upward price movement, the bearish engulfing candlestick pattern just inside the bearish order block and the fair value gaps in the uptrend prior to the price reversal.
The upward FVGs create a price imbalance which price will try to compensate for by moving downwards. These three confluences indicate the likelihood of a downward price movement.
With an entry price of 0.92390 or thereabouts, a stop order at 0.94059 (just above the most recent swing high indicated by the pivot point at 0.93772) and a profit target (0.88618) close to the level of one of the lowest most recent swing lows (just above the bullish order block which acts as a support zone to prevent any further downward price movement), we could potentially be looking at a 2.26 RR ratio or higher.
That's 166.9 PIPS risk (SL) and 377.2 PIPS target (TP).
Alternatively, you could decide not to set any TP and just trail your stops to make the most out of the market.
As always, please apply appropriate risk management depending upon your trading account balance, your risk appetite and other important factors.
