CADAUD trade ideas
AUDCAD On The Rise! BUY!
My dear subscribers,
AUDCAD looks like it will make a good move, and here are the details:
The market is trading on 0.9117 pivot level.
Bias - Bullish
My Stop Loss - 0.9084
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9177
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
AUDCADAUDCAD is in strong bullish trend.
As the market is consistently printing new LHs and LLs.
currently the market is retracing a bit after last LL, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg down could go for new LL.
What you guys think of this idea?
Lingrid | AUDCAD sideways Price ACTION. Potential SHORTThe price perfectly fulfilled my last idea. It hit the target level. FX:AUDCAD created a lower high and formed a double bottom. Overall, the trend appears to be moving sideways on the 4H timeframe. I believe the market is forming a descending triangle pattern, which suggests that the double bottom may be retested. I expect the market to move higher toward the resistance zone that has been respected multiple times before, and potentially take liquidity above the psychological level at 0.92000 before moving downward. My goal is support zone around 0.91590
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDCAD - 4hrs ( Sell Trade target Range 100 PIP ) 🟢 Pair Name :AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short ) Bearish
Type : Mid Term Swing
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Bearish Break
0.91450 Area
Reasons
- Major Turn level / D
- Visible Range hvn
- Inner Trend
- Major Channel Middle Band
- Day Low break
- Week low Break
Bullish Reversal
0.90000 Area
Reasons
- Major Turn level
- Visible Range Hvn / Poc
- Week low Area / P
- Pattern Target
- Fibo Golden
Short on the daily AUD/CADShort on AUD/CAD with the usual 1% risk set at 1.5xATR. However, in this case, we've also set the TP at 1:1 RR for 50% of the position as the level also coincides with the 161.8 level on a Fib we're observing. If price should breach the TP, the second half of the position would be left to run with a trailing stop at 1xATR
AUDCAD Descending Triangle: Key Support Levels to WatchAUDCAD moved up from 0.9060 to reach 0.9375, and now forming a descending triangle pattern. This pattern usually appears when the price is making lower highs, meaning sellers are pushing it down, but there’s still a solid support level holding it steady, around 0.9165.
Currently, AUDCAD is trading at 0.9175, and it seems likely to keep dropping. The first level to watch is 0.9110, if the price breaks below this, it could continue down to 0.9060, where the previous rally began.
If sellers keep control, we might see more downward movement. But if support holds, there’s a chance for a bounce.