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CANADIAN DOLLAR / AUSTRALIAN DOLLAR

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CADAUD trade ideas

AUDCAD - 4hrs ( Sell Trade Target Range 150 PIP ) 🟢Pair Name : AUD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✅Short Opportunity (Bearish Retest) Key Level: 0.92050 This is the area where you're looking for a potential short entry based on several factors: Reasons for Entry: ✅ Major Turn Level: A significant area where price has historically reversed. ✅ Visible Range LVN: A Low Volume Node on a volume profile, suggesting a weak price area that can be easily passed through if tested. ✅ Channel Break: Price breaking a channel structure, indicating potential for further downside. ✅ Day/Week Low: Price is near or at the low of a daily or weekly timeframe, adding significance to the level. ✅ Fixed POC Break: The Point of Control (POC) from a fixed range has been broken, signaling possible trend continuation. ✅ Fibonacci Golden Zone: The price is in a key Fibonacci retracement zone (61.8%-65%), which often serves as a reversal area. ✅Target Area (Bullish Reversal) Key Level: 0.91000 This is where you’re watching for a potential bullish reversal. Purpose of this Analysis The goal here is not just to trade for profit but to spread knowledge and understanding about strategic entry and exit points. You’re focused on ensuring that decisions are backed by multiple reasons (more than 5 in this case), ensuring well-rounded and confident entries or exits.
Short
by GentleGoldenEngine
AUD/CAD Ready To Go Down Hard , Here Is The Best Place To Sell !We have a very good res area that forced the price to go down before , we also have a very good bearish Price action and also good daily closure , we can sell this pair to get 200 pips , and this idea will fail only when we have a weekly closure above our res . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Short
by FX_Elite_Club
AUDCAD: Ready to Break Higher?The Australian Dollar to Canadian Dollar (AUDCAD) currency pair is currently exhibiting some interesting dynamics that align with a bullish outlook. Here are a few key fundamentals and technical observations that support a bullish bias: 1. Technical Patterns: A bullish flag pattern has been identified on the AUDCAD chart, indicating the potential for upward movement. This pattern often suggests a continuation of the existing uptrend, which aligns with a bullish perspective. 2.Oversold Conditions: The market is currently in an oversold condition as indicated by the Relative Strength Index (RSI). This suggests that the selling pressure might be exhausted, paving the way for a potential price increase. The market is expected to reach levels around 0.908, providing a strong bullish signal. 3.Demand Zone: The presence of a crucial demand zone around the 0.905 level further supports the bullish bias. This zone acts as a strong support, where buying interest is likely to increase, potentially driving the price higher. 4.Correlation with Indices: There is a noted positive correlation between stock indices and AUDCAD. Given the bullish bias on indices, AUDCAD has a tendency to rise, which strengthens the case for a bullish outlook. In light of these factors, I plan to utilize probabilities to strategically position myself into long trades on AUDCAD. Let's dive into the comprehensive top-down analysis together. 12M: 2W: Hourly timeframes:
Long
by Jasminex1x2
AudCad Trade IdeaAudcad is currently at a weekly resistance that was once respected before crashing back down to the daily support I have marked up. If price is gonna respect that weekly resistance I would want to to see a break and retest of the last higher low to confirm shorts for the week. If that happens I'll short the pair until price can reach daily support. We did get a daily candle closure below the weekly resistance so we'll have to see how the smaller time frames move.
Short
by OfficialJ23
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