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AUDCAD trade ideas

Australian Dollar to Weaken Against Canadian Dollar Over Next 6 AUD/CAD has broken below key support at **0.8900**, confirming a bearish trend. The pair is trading below the 200-day MA (~0.8950), with RSI holding below 50, indicating sustained selling pressure. Next downside targets: **0.8750** (2024 low) and potentially **0.8600** (2023 support zone). Canada’s oil-linked CAD benefits from resilient crude prices (supply risks, geopolitical tensions), while Australia’s iron ore exports face demand concerns (China slowdown). RBA may cut rates before the BoC as Australia’s growth slows, while Canada’s sticky inflation delays easing. AUD (risk-sensitive) suffers if global growth fears rise, while CAD gains from safe-haven flows into oil. CFTC data shows net-short AUD positions growing, reflecting bearish bias. Speculative longs on oil (supporting CAD) remain elevated. Sasha Charkhchian
Short
by Sashacharkhchi
AUDCAD Q3 | D21 | W30 | Y25 📊AUDCAD Q3 | D21 | W30 | Y25 Daily Forecast 🔍📅 Here’s a short diagnosis of the current chart setup 🧠📈 Higher time frame order blocks have been identified — these are our patient points of interest 🎯🧭. It’s crucial to wait for a confirmed break of structure 🧱✅ before forming a directional bias. This keeps us disciplined and aligned with what price action is truly telling us. 📈 Risk Management Protocols 🔑 Core principles: Max 1% risk per trade Only execute at pre-identified levels Use alerts, not emotion Stick to your RR plan — minimum 1:2 🧠 You’re not paid for how many trades you take, you’re paid for how well you manage risk. 🧠 Weekly FRGNT Insight "Trade what the market gives, not what your ego wants." Stay mechanical. Stay focused. Let the probabilities work. FRGNT 📊
Short
by JCFRGNT
1
AUD/CAD LIVE TRADE STARTEDAUD/CAD – Short Position Taken This one was on our watchlist earlier, and it just printed a clean engulfing candle trigger. Here’s what I look for before entering a VMS pullback trade: A clear new high/low before the pullback A clean pullback (no choppy mini-pullbacks inside) Pullback into support/resistance zone Price action at or near the 50 EMA Engulfing candle in trend direction Strong volume (trigger candle should stand out) Momentum “hooking” in trend direction and below/above 0 We took a short position based on this alignment. What do you think — continuation or reversal? Up or down from here?
Short
by darlwright
AUDCAD SHORTMarket structure bearish on HTFs 3 Entry at both Weekly and Daily AOi Weekly Rejection at AOi Weekly Previous Structure Point Weekly Rejection at AOi Daily Rejection at AOi Daily Previous Structure Point Around Psychological Level 0.89500 H4 EMA retest H4 Candlestick rejection Rejection from Previous structure Levels 4.17 Entry 120% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King.
Short
by mobbie_zw
1
121Hello awesome traders! 👋 Hope you’ve managed to grab some solid pips from the markets this week. As we head into the weekend, I’m wrapping things up by dropping a few clean chart setups for you to review and reflect on. Enjoy the weekend, recharge well — and I’ll see you sharp and ready next week for more structure-led opportunities. 📌 Pattern Breakdown This one's a 1-2-1 Bullish Formation — clear, clean, and already reacting: 🔹 XA: 0.87902 → 0.89824 🔹 AB retracement → 0.88660 🔹 BC extension: 0.88660 → 0.90222 🔹 CD drops into the PCZ at 0.88760 — aligning with 78.6% retracement We’ve now seen a clear bullish reaction off the PCZ, confirming it as a valid demand zone. 🎯 Targets Now in Play With structure holding and price climbing from the PCZ: ✅ Target 1:  • 78.6% = 0.89988  • 100% = 0.90322 🔄 Target 2 (Extension):  • 78.6% = 0.90584  • 100% = 0.91080 We’ll keep managing toward Target 1, then reassess momentum and candle structure for continuation into Target 2 next week. 🧠 Key Concepts in Play ✅ 121 Bullish pattern ✅ Reaction at fib-based PCZ ✅ Controlled impulse off demand zone ✅ Target structure mapped + invalidation clearly below PCZ 🗝 Final Thoughts Textbook measured move off the 1-2-1 setup, with price now rotating higher from structure. This is what we look for every week — precision, confirmation, and opportunity. Let’s protect gains, lock partials near Target 1, and come back Monday with a clear head. “Structure gives you the zone — reaction gives you the trade.”
Long
by TradeChartPatternsLikeThePros
2
audcad trendline break and retesttesting out trendline breaks and what I saw from this 4h chart was a trendline break to the downside after price failed to break a weekly downtrend line (not shown on chart). Also quite clear structure break to the downside and if I follow down to 15min chart, there is already change of direction confirmed with 15 min break of structure exactly in the purple 4h OB. Entering shorts here with 0.25% risk, targeting previous lower low and stop above the 4h ob high. 1:4.3 RR to the low.
Short
by jorhl
AUDCAD - Short Term Sell IdeaH1 - Strong bearish move. No opposite signs. Currently it looks like a pullback is happening. Expecting bearish continuation until the two Fibonacci resistance zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 --------------------------------------------------------------------------------------------------------------------
Short
by VladimirRibakov
AUDCAD H1 BearishFactors of confluence in favor of short 1. Daily resistance zone 0.90432 2. Triple top 3. M pattern against resistance 4. RSI dipped below 50 5. Chop Zone change to bearish 6. Break of trendline 7. 3.5 R/R 8. Removal of liquidity zone on daily chart(prior high) Risks 1. No LL yet 2. 2nd time back to daily resistance zone- may break through to upside 3. Price to return to congestion zone above for more consolidation before choosing a direction 4. Possibility to resume upwards momentum
Short
by KAS109
Bullish bounce off pullback support?AUD/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 0.88682 1st Support: 0.88055 1st Resistance: 0.89809 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
AUDCAD Trade plan: Waiting for bullish confirmation at RetestPrice broke above resistance with a momentum candle, indicating buyer control. This is our first clue that a structure shift might have occurred. This retest is essential. Many traders make the mistake of entering too early without confirmation. But it's right here, once price touches the former resistance, that you must observe how price reacts. Look for price exhaustion or reversal candlesticks such as bullish engulfing patterns, or even inside bars. Once rejection is confirmed, I'm looking to go long to 0.90450. Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.
Long
by TrendDiva
34