AUDCAD SELL/SHORTBy utilizing levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bearish sentiment prevails.
Audcadbearish
AUDCAD SELL/ SHORTBy utilizing levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bearish sentiment prevails.
AUDCAD LONG/BUYBy utilizing Fibonacci retracement levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bearish sentiment prevails.
AUDCAD Short Trade SetupA short trade opportunity recently presented itself on the aussie-loonie trading chart.
This is occasioned by the bearish order block which acts as a resistance zone preventing any further upward price movement, the bearish engulfing candlestick pattern just inside the bearish order block and the fair value gaps in the uptrend prior to the price reversal.
The upward FVGs create a price imbalance which price will try to compensate for by moving downwards. These three confluences indicate the likelihood of a downward price movement.
With an entry price of 0.92390 or thereabouts, a stop order at 0.94059 (just above the most recent swing high indicated by the pivot point at 0.93772) and a profit target (0.88618) close to the level of one of the lowest most recent swing lows (just above the bullish order block which acts as a support zone to prevent any further downward price movement), we could potentially be looking at a 2.26 RR ratio or higher.
That's 166.9 PIPS risk (SL) and 377.2 PIPS target (TP).
Alternatively, you could decide not to set any TP and just trail your stops to make the most out of the market.
As always, please apply appropriate risk management depending upon your trading account balance, your risk appetite and other important factors.
AUDCAD Short Term Sell IdeaH4 - Bearish trend pattern
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
AUDCAD - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern
Strong bearish momentum
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
AUDCAD Short Term Sell IdeaH1 - Bearish trend pattern.
Lower lows.
Expecting the price to move lower further in the short term after pullbacks until the strong resistance zone holds.
AUDCAD Short Term Sell IdeaH1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
AUDCAD Trading Plan - 7/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect AUDCAD to go Down after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
AUDCAD Short ScenarioMarket is in overall downtrend, but in 1h timeframe market started a correction upwards and broke corrections structure downwards, now we are waiting for a price fall till POC level.
Entry: 0.89949 (Point of structure break)
Invalidation: 0.90140
Target: 0.89491 (POC)
AUDCAD | Good Sell Opportunity.When it comes to AUDCAD technical analysis, this currency pair is right now in a downtrend.
If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUDCADAUDCAD looks bearish on the weekly and daily time-frame. I'd expect a retest of the marked zone then a push to the downside.
Use your strategy for entry.
Thoughts?
Bearish on AUDCADBearish structure has been forming with lower lows and the lower highs. Also, we see the fib retracement touching the 38.2 level.
AUDCAD Reversal Underway, H4 Levels to Watch
As we transitioned to the month of December, price failed to breach a previous high at a structural level.
Daily TF will be attached below, but we're seeing price continued to hold resisted.
This particular recent level provided a rejection signal that price was unable to sustain when it attempted to trade higher. Bit of illiquidity going on as bids quickly exhausted.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
AUDCAD reversal potential as it tests lower breakout boundaryThis pair has been in a monster uptrend since late March of this year. Price finally peaked in the beginning of August as we touched the upper level three times without making a significant push higher. Today's open shows price making a pullback to the lower bound level at 0.9445. If price manages to hold below this level, we can target an excellent R-multiple as we make a major trend shift.
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
AUDCAD consolidates again and poised for explosive sell offI published an idea previously, check it out here:
Unfortunately, my previous idea did not hold up. But that's okay, we take smaller risks for multiple times the return. This is a second attempt to short into this pair.
1. 0.9125 marks a relative high point. You can see a fake out that occurred where price broke above this level and then instantly sold off. What does this mean? There's most likely selling volume above this level.
2. After such a rally, we're seeing that the moving averages are flat lining. This doesn't necessarily mean that the trend is reversing. All it's saying is that the average price climb isn't pushing new highs. As a result, it's largely holding flat. Could price soar up higher over the next day or even next week? Sure, it's definitely possible. I personally think that it's unlikely given how price reacted to the 0.9125 level. Let's not forget the significant rally from the weeks prior. New buying pressure largely seems unlikely.
3. We're also looking at the RSI performance on the daily.
There's a slight divergence here where the RSI is painting lower, which signals that average upticks are not as strong. At the same time, price inches higher.
Note that this is probably a longer term play. It might take a while for this trade to play out as this pair could further consolidate.
AUDCAD poised for bearish momentum acceleration
I've been eyeing this pair for a while now. In fact, I actually do have a short position that was entered a little pre-mature.
Divergence is most noticeable on the 4-hour timeframe. The RSI is painting a ratio of greater average down moves yet price is creeping higher.
Price is also being held resisted at the 0.8980-ish mark. Given the number of times it has tested, it's safe to say that there's no fresh buy orders to push the price higher.
AUDCAD - POTENTIAL SHORT(S)We've seen over the years how strong of a support level 0.91-0.915 has been in rejecting price and setting up long opportunities. It's been broken and has continually been touching this price point yet this time as a resistance, being unable to surpass it. I'm looking for price to extend a bit further towards 0.915 area before entering to setup the RSI which is looking somewhat neutral at the moment, but this price action and the structural pattern are definitely showing bearish intentions. The first target would be the bottom of the nearest daily support area where the breakout bottomed out (0.88-0.89), second target at approximately 0.855 (backtested support) and final swing at the monthly low 0.75. Low risk with a tight stop. Let me know if you have any suggestions or alternate analyses.
AUD/CAD Short Idea (6/4/19)AUD/CAD Short Idea (6/4/19) 4HR Chart
- We have had 3 pins to the upside on the daily after the close, which shows signs of a reversal.
- Looking for the AUD news at 8:30pm CT to push price into the disturbance level creating another wick on the daily and then the reversal towards the fib extensions.
- Targets @ 0.94000 and 0.90400
