AUDCADAUDCAD is in reversal mode. Bearish divergence also shown in RSi. Rising wedge reversal pattern also form. Market sentiment is also in short. These strong indication say that trend will definetly be reversal here. we further more confirmation if trend will breakout the last HL.Shortby Naqash91113
AUDCAD - longExpecting this 4hr fvg to hold and take the high. Waiting for additional confirmation on the lower time frame to confirmLongby rpTrading110Updated 112
Moving upAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.by THE_APIS_TRADER1
AUDCAD:🔴Bearish scenario...!🔴 Hello Traders As you can see the price purged the daily buy-side liquidity and then the market structure was shifted on the hourly chart. Now the price is inside a range, creating the double purge scenario for us. If the price sweeps the buy side liquidity first, it is a chance to enter the sell position with LTF confirmation. 💡Wait for the update! 🗓️10/05/2024 🔎 DYOR 💌It is my honor to share your comments with me💌Shortby VahidTradingCRUpdated 337
⏳📈 "AUDCAD Analysis: Past Review & Future Outlook" 📊📝💹 Let's review the analysis of the AUDCAD currency pair that we did together some time ago and examine the possible positions. 📊 In higher timeframes, like other forex pairs, we are still within a range and merely oscillating in a long-term box, which provides suitable trends for us in shorter timeframes. 📝 In past analysis, we mentioned that after breaking the downtrend line and the trigger line, confirming bullish candles, you could open a long position. After breaking the trigger line and observing the confirming bullish candle, which showed buyer strength at its lower shadow, we opened our long position. 💰 You could have placed your stop loss behind the candlestick for a riskier approach, but for peace of mind, we placed our stop loss at a lower level. According to Dow Theory, we will wait for our risk to reward ratios, which the market delivered by giving us a 1 - 4 risk to reward ratio. Hopefully, you made a good profit. 🌟 Now, let's analyze the current market and potential setups. 🔄 In this same timeframe, after an uptrend, we encountered a significant daily resistance line at 0.90549. Breaking this line could provide us with a suitable long position, but be sure to place your stop loss logically because breaking upper timeframe resistances won't be easy or smooth. 🔑 Before passing this resistance, I moved my line lower and considered the range we once moved above as fake. But how? 📈 If you are a struggling trader and sometimes can't determine your line's position due to fake ranges, simply go one timeframe higher and see if the candle managed to close above your resistance line or not. Here is where the line 0.90549 is or isn't, and in the one-hour timeframe, it will be the best position for your resistance line. 📉 For short positions, due to being in a range in higher timeframes, we can't consider trend reversal much and just bring our risk down for opposite-direction positions and quickly take profit and exit the position. Therefore, after breaking the 0.90173 line, you can open your short position. I suggest placing your stop loss small and risky so that if your stop loss is hit, you won't miss the long position after breaking the 0.90549 line. 💡 The upcoming support levels are 0.89702, 0.88951, 0.88484, and the resistance levels are 0.91040, 0.92073. 😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you! ⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.Longby RealMRA1172
AUDCAD: The long-term channel remains bullish, although we're distant from the lower band. However, the mid-term bullish trend has been broken, and a short-term bearish channel is evident. We're currently near a pivot and a reversal point, making this a potential first entry point around 0.9038. Another significant zone to watch is around the cluster of daily resistances, reversal point, and the bearish channel, approximately at 0.9055.Shortby AliSignalsUpdated 1
AUDCAD - Breakdown incomingPrice has been stuck in range for the past week and is likely to break lower soon. Aussie is bearish across multiple pairs, and I think taking any pair should do well. I would like to see a break of the range and some consolidation before impulsive move lower. If price snaps back into range, then close it, as a retest of the high is possible. Good luck!Shortby QuercusTrading3
AUDCADBased on the bullish flag pattern and Elliott Wave analysis on the AUD/CAD pair's 4-hour timeframe, there seems to be a potential opportunity for a buying position. The bullish flag suggests a continuation of the previous uptrend, while the Elliott Wave count indicates the formation of the 12345 impulse wave sequence. This convergence of patterns could signal a strong upward movement in price, presenting a favorable entry point for buyers. However, it's crucial to implement proper risk management strategies and confirm signals with additional indicators before entering the trade.Longby forex_info1
What a trade I had a small loss today but this was my A plus set up trade. We had a reaction on the FVG at 10am. This is a ICT concept trade. by EZIO-FX0
AUDCAD(Elliott waves)Hello friends In the AUDCAD currency pair, we see the formation of a 3-wave pattern. In counting Elliott waves, these 3 waves are considered either a zigzag pattern or 3 out of 5 impulse waves. Therefore, there is a need for price correction in both cases. Microwaves of wave 3 or C are clearly formed, except for its 5th wave. Therefore, we are currently waiting for the formation of the fifth wave, when the price should rise. 1.618 Fibonacci ratios between waves 1 and 3 or A and C are very common, and the price should reach the range of 0.9200. This number is both a trend and overlaps with a resistance and Fibonacci ratio. Therefore, we expect to reach this range. To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.Longby M_Gheysvandi3
Anything is possibleAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.Longby THE_APIS_TRADERUpdated 222
1H Range AUDCAD BuyLooking from above, on the Daily it is a bullish flag. On the 1H we are in the low portion of a Range pattern with high volume (resistance for lower prices) @ the bottom with many wicks also on the individual candle bottoms. Entry @ .90290 Stop 1 taking 50% off @ top of the range .90560 Risk/Reward 1.15 Stop 1 remaining 50% off @ .90960 Risk/Reward 2.82 #Forex #AUDCAD #TRMXLongby locoderemate656Updated 226
quick little playAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.Longby THE_APIS_TRADERUpdated 5
AUDCAD 4H TRADE IDEA LOOKING FOR SELL opportunities on after the break of the previous low , until that happens ill sit on my hands n wait Shortby fx_bigshort8
AUDCAD-SELL strategy 4-hourly chartThe pair starts feeling heavy, and the chances of lower GOLD price and steady OIL at the lower level,s may push it through the GANN support 0.9020 area. The AO also is negative, helping the strategy work perhaps. Strategy SELL @ 0.9010 - 0.9035 and place SL above 0.9065. Profit order @ 0.8907. Shortby peterbokma118
AUDCADAUDCAD current trend is bullish, sentiments 91% bearish, bearish divergence, break of lower line of bullish channel and retested, so there is possibility for reversal, trade plan mentioned on the chart.Shortby AsifAwan11117
Another way to see Weekly SNR!!!OANDA:AUDCAD Another way to see Weekly SNR!!! Hope this helps somebody out there... You just have to see how price action reacts with these zone to help you place your trades.by N934rex0
AUDCAD SHORTWatch price action on lower timeframe for sells. Price trades on a daily Orderblock Shortby Xavier254Updated 6
The coast is clearAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.Longby THE_APIS_TRADERUpdated 3
AUDCAD Bearish reversalAUDCAD has completed the ABCD reversal pattern, a bearish divergence has formed, waiting for breakout of HL for a trend reversal. Therefore, a sell stop placed just below the previous HL. Shortby mustafabaig99Updated 3
audcad is bullish AUD/CAD is a so-called commodity currency pair is heavily reliant on commodity prices around the world. While Australia is the world's biggest exporter of iron ore, coal and aluminium oxide and one of the biggest exporters of petroleum gas and gold, Canada depends on its exports of crude oil, gold, sawn wood and raw aluminium. Any major price fluctuations of those commodities may result in the pair's rise or decline, depending on which economy suffers most. factors affecting the AUD/CAD rate include general economic indicators, such as unemployment rates, inflation data and GDP, and the central bank decisions regarding the interest rates in both countries.Longby MtICHI0
AUDCAD LongMarket Structure Bullish on HTF Both Weekly and Daily at same AOi Weekly Rejection at AOi Daily Rejection at AOi Around psychological Level Daily Previous Structure Point H4 EMA Retest Candle stick Rejection SOS 1:4.55% Entry Signal 100% A REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#BoostLongby mobbie_zwUpdated 4