CADAUD trade ideas
#AUD/CADHello everyone,
In my opinion, The AUD/CAD can dive to ahead targets in 1H time frame.
Note: This is not an investment suggestion.
CadaudAs we see the market is on a down trend and we have to follow de trend, so we also have a head and sholder pattern so we wait for price to retrace den we sell more
idea on a charthe Canadian dollar pared earlier gains against the U.S. dollar on Tuesday as oil prices fell and domestic inflation data supported expectations the Bank of Canada would cut interest rates further next month.
The loonie was trading nearly unchanged at 1.3630 per U.S. dollar, or 73.37 U.S. cents, after touching its strongest intraday level since July 11 at 1.3606.
Canada's annual inflation rate cooled to a 40-month low of 2.5% in July, matching forecasts, and core inflation measures eased.
"Today's CPI print should be enough to quell concerns about sticky inflation pressures in Canada after two marginal upside surprises in May and June," Claire Fan, an economist at Royal Bank of Canada, said in a note.
"The hurdle for more BoC cuts this year is low and we continue to look for another 25 basis point cut at their next meeting in September."
AUDCAD in downtrendAUDCAD is declining on hourly time frame also there is clear divergence on one hour chart short sell is good option at current levels .
AUDCAD Short PositionSeasonality Analysis: Historical data suggests a bearish seasonality for AUDCAD during this period, indicating a higher likelihood of downward movement in the pair.
RSI Bearish Divergence: The Relative Strength Index (RSI) is showing a bearish divergence. This occurs when the price is making higher highs, but the RSI is making lower highs, signaling that the upward momentum is weakening and a potential reversal is likely.
AUD/CAD Confirmed for Bearish as correction wavego short now
or
keep your trade online if you short brefore
- price make lower high at green arrow
- price make lower low at red arrow
- price break current support area at H1 Time frame and retested it
this confirm that correction wave will be valid until reach to profit levels
have fun :)
AUDCAD is BearishBearish divergence seems to be playing out on four hourly time frame, as previous higher low is successfully broken. Now according to Dow theory, price will define a lower high before rallying downwards. Targets are mentioned on the chart.
AUDCAD Long Market structure bullish on HTF DH
Entry at Daily AOi
Weekly Rejection at AOi
Strong Weekly bullish Engulfing candle
Daily Rejection at AOi
Daily EMA retest
Previous Daily Structure point
Around Psychological Level 0.91000
H4 Candlestick rejection
H4 Rejection from Previous structure
Levels 4.64
Entry 90%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
AUDCAD - BearishAUDCAD is trading near neckline of the head and shoulders pattern. Bearish Divergence is formed on 1H timeframe. We will keep our entry price for sell position below the neckline and stoploss above the right shoulder.
2024-08-21 -AUDCAD, Bearish MoveAUDCAD chart has completed the AB=CD with the bearish divergence on 4 hour timeframe. It will most likely change its trend now
Seasonality: Bearish
EP: 0.91544
SL: 0.91900
TP1: 0.91098
TP2: 0.90652
AUDCAD Burgain Hunting LongAUDCAD Burgain Hunting Long
- Price is trending above 15 period Hull Moving Average
- Burgain Hunter entry
- MA Angle Trend Filter Confirmation
- Basic R:R 5:1 and then adding with 1%
- Adding to trade 4 times at 1 R Distance
- Closing all trades at Final Target - Strong Resistance Level
- Cut losing trade on first Bearish Candle
The ultimate goal is to make the system simple and easy to follow, simple rules, buying discount and selling premium. Cutting losers short and making maximum from winners. Cheers.
AUDCAD SELLGood Afternoon Traders!! I hope you all are having a profitable so far. This is my current analysis on AUDCAD.
Let me know what you guys think!!
AUDCADAUDCAD is in bearish trend.
Bearish divergence also shown in RSI.
Market sentiment is also bearish.
We wait for further confirmation if it will breakout the last LL then we will execute trade here.
AUD/CAD For Bearish as Correction Wavego short now
- General Trend is Up Trend
- Current wave is correction wave
- price will retracement until fibo levels 50:61.8
- so you can go short with low lot because you walk against the up trend and out when you see price action at area 50:61.8 fibo levels
have fun :)
AUDCAD Short, Not Really Bullish on CAD ThoughTechnicals are sort of pointing towards a short, but Daily & 4H trend may be going against
Picture perfect setup on AudCadfirstly we had an fvg from monthly chart where jul month candle has retested it
on the following lower time frames we can se price first trapped the early long players and came upto the mid line of fvg
the three candle as red impulse to down side then a doji followed by green big bar is sight indication of long build up
if so,
the current running candle can retest the doji candle high where we can put the buy order and recent low as our stop loss strictly
0.9800 >> 0.9115 >> 0.953
could be the potential target
SHORT on AUDCADHello Fellow Traders,
I'd like to share a short trade idea on AUDCAD following the recent Australian minutes. This is a risk entry, so I'd love to hear your thoughts on this setup. What do you think about this trade?
6. AUDCAD - Sell StopA strong 30-mins and 15-mins bearish divergence suggests the price will go down, since it has broken the previous higher low, I'm going short after the break of now previous "lower high" with risk reward 1:1
Could price reverse from here?AUD/CAD is reacting on the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 0.91810
1st Support: 0.91075
1st Resistance: 0.92467
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IDEA AUDCAD LONG POSITIONPair : AUDCAD
Position : LONG ( BUY )
Entry Price : 0.91550
STOP LOSS @ 0.91350
TP1 : 0.91780
TP2 : 0.91980
TP3 : 0.92580 ( Trailing SL )
$AUDCAD | Sell Trade | Market Exec | Technical Confluences:
- Price actions are now at Stochastic Overbought conditions in Daily, H4 and H1
- Price action is at the 78% Fibo retracement levels which also coincides with a Interest Zone
Fundamental Confluences:
- Both currencies are considered as commodity currencies and both currencies require strong commodity prices to prosper and it all comes down to growth
- Australia's growth is more concentrated on China's outlook and Canada's very US-centric still.
- We are still not seeing much growth momentum in the China space and with US-side having a soft landing possibility, Canada's prospects should be better at the moment
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Will be taking a position into a sell OANDA:AUDCAD position.
Targeting to TP approximately half the position at the 50% Fibo Extension levels (in blue) and move my SL levels to B/E. It will depend on how the price action is at the 50% Fibo's Interest Zone.
This trade will be the battle of the Interest Zones.
Full TP are the 61%/78% Fibo Extension levels.
Remember, DYOR.
Bearish reversal?AUD/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and the 161.8% Fibonacci extension and could reverse from this level to our take profit.
Entry: 0.91697
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement and the 161.8% Fibonacci extension.
Stop loss: 0.92564
Why we like it:
There is a pullback resistance level.
Take profit: 0.91024
Why we like it:
There is a pullback support level.
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