AUDCAD 5 Jan. 2024Although AUDUSD needs to come down a little , but AUDCAD hit our Entry price and now we are in long position for AUDCAD and it is vital to obey your money management rules and never forget itLongby wolf9743Updated 4
AUDCADlooking to SELL though its low probability trade, ill be monitoring the behavior and delivery into my area of interestShortby mrmadonsela01Updated 2
AUDCAD Analysis: Riding the Waves of Uptrend and CorrectionGreetings Traders, In today's trading session, our focus is directed towards AUDCAD, where we are actively monitoring a potential buying opportunity around the 0.89000 zone. AUDCAD is currently entrenched in an uptrend, and the ongoing correction phase is bringing the currency pair closer to the critical 0.89000 support and resistance area. As AUDCAD traverses its uptrend, traders are keenly observing the evolving correction phase, evaluating the potential for a strategic entry around the 0.89000 level. The support and resistance area serves as a pivotal juncture, presenting an opportune moment for traders to consider a buying position. Ensuring prudent risk management and staying attuned to market dynamics will be essential in navigating this phase of the AUDCAD trend. Trade safe, Joe.Longby JoeChampion5
AUDCAD Buy ScenarioToday, we will analyze AUDCAD Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.Longby Biaxar2
AUDCAD🔥Remember that just because price gets to either a Buy or Sell level doesn't mean you trade blindly. Always look out for other supporting factors to validate your trade. The more factors there are, the higher the probability of success! Ameen!! *_#trade with caution_*,📉🧘📈Longby GEMINIFOREXTRADE1
AUDCAD SELL UPDATE AUDCAD is making the same pattern over and over again if you train your eyes to see it, this happens very often in other pairs too if you just pay attention and look to the left. * Always have a strong hypothesis of why you're entering your trades Short04:52by Bluesclues3650
AUDCAD TECHNICAL BREAKDOWN Aucad technical breakdown showing price forming higher time frame pattern and lower time frame break of structure.Short03:35by Bluesclues365Updated 3
AUDCAD BIG SELLOn the 3d interval there is a head and shoulders pattern forming. * right shoulder showing price failing to make a new higher high/ low volume * 4hr time frame showing break of structure Shortby Bluesclues365Updated 0
AudCad bias bullishCurrently retesting the fib key level, still maintain daily and h4 bullish structure. Bullish rejection in M1 timeframe showed good risk reward ratio for a bullish move.Longby a_propatternfxUpdated 113
AUD/CAD Bigger Picture and Scalping ZonesThe bigger picture of AUD/CAD looks bearish. The price is consolidating between the high and low of 1996 and 2001 as a major swing high/low. After breaking a swing low in 2001 price attempt to break a high in 2012 has failed. Since then every swing of the price has persistently broken the previous low. The secondary sequence has respected the WCL zone created by the primary sequence and the B zone created by the secondary sequence. Hence, if the Tertiary Sequence respects the B zone, the price has the potential to break the previous low and continue its down move. Price Action & TDI Perspective:: Weekly Doji Candle and price not being able to close above the high of Shooting Star (indicating that the current price attempted to test the Doji's high) Weekly/Daily TDI under the formation of Umbrella// Divergence My perspective 4H has already formed a divergence, wiped the sell-side liquidity, and broken the previous low, with a 100% Fib. extension and a beautiful retracement to B Level. Shortby NareshSenThakuriUpdated 227
DeGRAM | AUDCAD trend continuation oppportunityAUDCAD broke and closed below the psychological level at 0.9000 that became resistance. The market is making low lows and lower closes in the descending channel, an indication of bear dominance. Price action is likely to move down from the kill zone, psychological level, and 38.2% fibo retracement level. We expect a trend-continuation trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM118
AUDCAD Bearish FlagAUDCAD will be in Bearish continuation according to the Bearish Continuation Flag Pattern.Shortby oyekhattak2
scalp short AUDCADblaa bla bla, i'm not sharing hows and whys :P it is possible it goes down without reaching to the entry level in that case i would just watch it , not touch it ;) Shortby trollistUpdated 20201
AUDCAD 4H Entry Short PositionHey guys! its your girl Forex Potatoe on the charts again and here is a breakdown of my analysis for AUDCAD. AUDCAD has been in a prolonged downtrend for a long time coming, Weekly and Daily Timeframe is currently in a downtrend with 4H in an uptrend. Since the longer term timeframe is downtrend and 4H in an uptrend(apparently having a pull back). We would be interested in taking a short position, therefore 4H timeframe has to correlate with Weekly and Daily Timeframe, we would have to wait for the break of the last low on 4H and a retest to enter a Sell position Kindly follow me and tell me what you think about this analysis so far.Shortby ForexPotatoe3
fbc//@version=5 indicator('⫷⫸ FBC Setup ⫷⫸ ', overlay=true) // Calculate the conditions for the bullish candlestick setup isBullishSetup = close > open and open < open and close < close and close > close and low < low and low < open // Plot a shape and label when the bullish candlestick setup is detected plotshape(isBullishSetup, color=color.new(#42e9ff, 0), title='Bullish', style=shape.labelup, location=location.belowbar, text='Bullish', textcolor=color.new(#000000, 0)) // Plotting a background color to highlight the pattern bgcolor(isBullishSetup ? color.new(#4c9baf, 90) : na) // Calculate the conditions for the descending candlestick setup isDescendingSetup = open > close and open > open and close > close and close < close and high > high and high > open // Plot a shape and label when the descending candlestick setup is detected plotshape(isDescendingSetup, color=color.new(#ff3ea5, 0), title='bearish', style=shape.labeldown, location=location.abovebar, text='bearish', textcolor=color.new(#000000, 0)) // Plotting a background color to highlight the pattern bgcolor(isDescendingSetup ? color.new(#ff52cb, 90) : na) by amirhoseinabbaszadegan0
AUD/CADIt seems all of the signs leading to Bullish move. 0- Monthly shows Bullish 1- EMA 200 Blue on Weekly shows: Bearish 2 52-Week & All Time Hight/Low S/R Clear 2- Chart Pattern on Weekly chart shows: Multiple attempt to break through at 0.90500to and go Bullish This is the only headwind. 3- Stochastic on Weekly chart shows: Overbought 4- EMA, 20 Red, 50 Green, 200 Blue on Daily shows: R.G.B Bullish 5- Chart Pattern on Daily shows: 0.90500 is hard to break to go Bull 6- Stochastic on Daily shows: "K" Line cut "D" Line Bullish 7- Harmonic formation on Daily None Longby Ha-Lion113
Expecting AUDCAD to Go HigherIn the AUDCAD currency pair, a stable upward trend is consolidating. The exchange rate successfully navigated through a temporary period of weakness. We are currently adopting a bullish stance towards AUDCAD, and our strategy involves pursuing a Long Trade with a target set at the liquidity zone around 0.9230. Additionally, the Long scenario is reinforced by a hidden bullish divergence in the On-Balance Volume (OBV) observed on the Daily Timeframe.Longby Ochlokrat1
Short in AUDCAD "I have recently taken a short position in AUD/CAD as the price has reached a significant supply zone. After conducting a thorough market analysis, I have identified this zone as a critical resistance level where selling pressure is expected to increase, leading to a potential decline in the Australian Dollar against the Canadian Dollar. This trading strategy is based on the expectation that the price of AUD/CAD will decrease as supply surpasses demand in this zone. Furthermore, I have observed additional bearish indicators that reinforce my decision to go short. As a trader, I will closely monitor price action, market sentiment, and relevant economic factors to effectively manage my position and make necessary adjustments as the trade progresses. Implementing a robust risk management plan is essential to safeguard my capital and optimize potential profitability. It is crucial to note that trading AUD/CAD or any other financial instrument carries inherent risks, and prudent consideration is necessary. I highly recommend conducting thorough research, developing a solid risk management strategy, and, if necessary, seeking guidance from a qualified financial professional before making any investment decisions.”Shortby JuanHernandez0
⚡️AUDCAD CMC TRADING ⚡️ STRONG SUPPLY ZONEAUDCAD is exhibiting a strong adherence to the supply zone established on the hourly timeframe, suggesting the formation of a potential double top pattern. This pattern indicates a bearish inclination, signaling the likelihood of a corrective leg in the near future. It is essential to monitor the price action closely for confirmation of a significant trend breakout, as this could mark the onset of a potential reversal in the prevailing market direction.Shortby ChampsMoneyConcepts13
AUDCAD: TECHNICAL ANALYSIS.Hello traders, Wave 5 has probably ended at 0.90650 zone. ABC Correction is supposed to materialise towards the support zone at 0.88750. Thanks.Shortby MASTERPIECE102
AUDCAD MULTI TIME FRAME ANALYSIS Hello Traders! 🌟 Today, we're diving deep into an exciting analysis of the AUD/CAD pair. Get ready, as we unfold the story this chart is telling us across various timeframes! 📈🔍 📊 Weekly Chart: We've spotted a fascinating rectangular channel, indicating a consolidation phase. A key point here is the price rejection at the lower trendline (around 0.85627). Currently, AUD/CAD sits interestingly at the mid-channel point of 0.90564, a critical area to watch. 📅 Daily Chart: Things get more interesting here! We see a Cup and Handle pattern (or a Double Rounded Bottom), hinting at a bullish future. This pattern is eyeing a breakout at 0.90567 – a level we should keenly observe. ⏱ 4-Hour Chart: Our analysis shows an ascending triangle, a typically bullish signal. The price is flirting with the resistance, also at 0.90567, mirroring the daily chart's breakout point. 💡 What This Means: The alignment of bullish patterns across multiple timeframes can't be ignored. If AUD/CAD breaks above 0.90567, we might see a strong upward move. However, always remember, the market can surprise us! 📈 Trading Strategy: Considering a long position on a confirmed breakout above 0.90567. Setting stop-losses wisely, perhaps below the recent low or the weekly lower trendline. Profit targets? Look towards previous highs or Fibonacci levels. 🚨 Risk Management: It's crucial in Forex trading. Manage your positions responsibly, and don't overexpose your capital on a single trade. 🌍 Keep an Eye on the Bigger Picture: Global economic news, especially from Australia and Canada, could sway our pair, so stay updated! That's it for today, traders! Remember, the markets are dynamic, and so should be our strategies. Trade smart, stay informed, and let's catch the next big wave together! 🌊💼 Happy Trading! Longby TradeChartPatternsLikeThePros3