CADAUD trade ideas
AUD_CAD RISKY SHORT|
✅AUD_CA D is trading in a
Downtrend and the pair is
Already pulling back from
The horizontal resistance
Level of 0.9010 so we are
Bearish biased and we will
Be expecting a further
Bearish move down
SHORT🔥
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AUDCAD TREND BULLISH SUPPORT BY FUNDAMENTALSI am bullish on AUDCAD as recent economic data supports a stronger Australian dollar. Australia’s economy benefits from rising commodity prices and resilient economic performance, while the Canadian dollar faces headwinds from softening oil prices and weaker economic growth. Technically, AUDCAD is showing bullish momentum, with higher highs and lows forming on the daily chart. These factors combined point to further upside potential for the pair.
I don't mind shorting at supply zones downwards too.
Will keep shorting till structure breaks
AUD-CAD Will Fall! Sell!
Hello,Traders!
AUD-CAD made a retest
Of the key horizontal
Resistance level of 0.9000
From where we are
Already seeing a bearish
Reaction and we will
Be expecting a
Further bearish move down
Sell!
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audcad Daily Demand here we can see audcad had made a 1000% retracement back to the Daily OB / Demand Zone
looking to take this trade back to the upside, Very great risk to reward and we don't have to be correct 100% of the time to be profitable with these kind of dset ups so also keep that in mind
AUD/CAD 4H Timeframe AnalysisAUD/CAD 4H Timeframe Analysis
Trend:
In the 4H timeframe, the AUD/CAD pair is currently in a downtrend, characterized by the formation of lower lows and lower highs. Recently, we have seen the formation of a bull flag pattern, which typically signals a potential reversal or continuation of a bullish trend. The price has broken through two minor key support levels at 0.90600 and 0.89800. Our objective now is to wait for the price to retest the 0.90200 level, which may lead to an accumulation phase for buy orders. We anticipate a potential manipulation phase, or stop-loss hunt, below the minor key support and within our liquidity zone. Following this, we will wait for the price to return and break above the minor key support before taking action.
Price Action Expectation:
We expect that the bull flag formation could signal a breakout to the upside. Once the price breaks above the minor key support, it could trigger further buying momentum. Our goal is to place a buy stop order above the 0.90200 level, once the price demonstrates strength in breaking through, while protecting our position with a stop-loss below the liquidity zone.
Trade Setup:
Trade Type: Buy Stop
Entry Price: 0.90100 (just above the minor key support)
Stop Loss: 0.89380 (positioned below our liquidity zone to protect against adverse movements)
Take Profit: 0.91590 (targeting the next key resistance level)
Upcoming News (Fundamental Outlook):
This Friday, we have important economic data from Canada that could influence the price of AUD/CAD:
Core Retail Sales m/m (Canada): Expected at 0.2% (previous: 0.9%)
Retail Sales m/m (Canada): Any surprises in these retail sales figures could affect the CAD strength. A weaker-than-expected reading may lead to bearish pressure on CAD, which would support our bullish outlook for AUD/CAD.
#AUDCAD 4HAUDCAD 4-Hour Analysis
The AUDCAD pair is trading near a channel support level on the 4-hour chart, indicating a potential reversal or bounce from this zone. The channel support has historically acted as a strong area where buyers regain control, presenting an opportunity for bullish trades.
Technical Outlook:
Pattern: Channel Support
Forecast: Bullish (Buy Opportunity)
Entry Strategy: Consider entering a buy position near the channel support after confirming bullish price action, such as bullish engulfing candles or a double bottom formation.
Traders should monitor indicators like RSI for oversold conditions or MACD for signs of bullish momentum. Apply appropriate risk management with stop-loss orders placed below the support line and profit targets set at resistance levels within the channel.
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90500 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.90500 support and resistance area.
Trade safe, Joe.
audcadits in range currently and im betting on break out. so putting my entries above R2 and below S2
Lingrid | AUDCAD Choppy Market. Potential SHORT from RESISTANCEThe price perfectly fulfilled my last idea. It hit the target. FX:AUDCAD is currently moving sideways, indicating a choppy market. On the weekly timeframe, the last candle is a large doji, which signifies indecision in the market. Currently, the price is pulling back towards the resistance zone at 0.91000, following a bearish impulse leg. I think there is a likelihood that the price will bounce off both the psychological level and the upward trendline. It’s possible that the market might briefly push above the range zone to take liquidity before moving lower to retest the bottom of the range. My goal is support zone around 0.90100
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDCAD BUYSlongs are looking promising for audcad and we might be going long because of this wonderful setup, as we could see in the past that this pair respects market structure so brace yourself
AUDCAD 15/12/2024Weekly:
-Liquidity grab from previous order flow leg.
-Liquidity grab from prevous week low.
Daily:
-Next PD array could be the daily high.
-Price found support at the FVA from the last bearish leg.
4H:
-Order flow leg.
-Previous FVA acting as support.
-Bullish M pattern.
-IC.
NICE FVG he Canadian dollar hit a 4-1/2-year low against its U.S. counterpart on Friday as investors worried about a potential trade war between the United States and Canada and dialed back bets on Federal Reserve interest rate cuts in 2025.
The loonie was trading 0.1% lower at 1.4230 per U.S. dollar, or 70.27 U.S. cents, after touching its weakest intraday level since April 2020 at 1.4244.
For the week, the currency was down 0.5%, its third straight weekly decline.
Recent reports that Canada was considering tit-for-tat retaliatory tariffs if U.S. President-elect Donald Trump carries out his threat to tax Canadian imports have given traders another reason to bet against the loonie, said Amo Sahota, director at Klarity FX in San Francisco.
"It could be a long wait until the U.S. presidential inauguration to see how determined Trump is to begin his second term with a full trade war," Sahota said.
Bullish on AUDCADAlthough price has been seen selling but I believe these are just deep retracement and price is set to continue it bullish move .
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.91000 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.91000 support and resistance area.
Trade safe, Joe.
Bearish drop?AUD/CAD has reacted off the pivot which is an overlap resistance and could drop to the 1st support that is a pullback support.
Pivot: 0.90737
1st Support: 0.90129
1st Resistance: 0.91297
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69R Long Trade AUDCADExpecting a big move up on AUDCAD to take course over the period of several months to a few years.
Long term trade
154R AUDCADExpecting CAD weakness.
The weekly structure is bullish on AUDCAD so I am therefore expecting a continuation up after a multi-year long consolidation.
The trade on the lower timeframe targets an entry at an imbalance below some equal lows which could be an area where the market is drawn towards first.
66R AUDCAD LongLast trade here was stopped out but now a proper consolidation pattern has formed which increased the chances of this working.
25% chance of success.
Audcad swingLooking at weekly it had completed a 3 wave correction. On h4 we can find an entry swing. Being conservative a 3 wave on 1.618 fib level as tp target
AUDCAD SELLING OPPORTUNITYOANDA:AUDCAD
Audcad is in bearish trend , possible short opportunity.broke stracture to the downside.
