AUDCAD trade ideas
Buy Trade - AUD/CADGreetings to everyone!
You can place a buy trade on AUD/CAD and check out my chart for the ideal entry, stop-loss & target placement.
Remember :-
* Move your SL to breakeven once the trade reaches 1:1 R.
* Aim for a minimum reward of 1:1.5 R.
* Don't risk more than 3% of your total margin.
Let's execute this trade smartly! 🚀
💬 About Me:
I am a professional trader with over four years of experience in the markets. I focus on swing trading using the 4H timeframe, mainly in the forex space. The trades I share here are the actual positions I’m executing. I post them as a small gesture to give back to the trading community that’s been a big part of my journey.
Cheers! 🙏
Sell Trade - AUD/CADGreetings to everyone!
You can place a sell trade on AUD/CAD and check out my chart for the ideal entry, stop-loss & target placement.
Remember :-
* Move your SL to breakeven once the trade reaches 1:1 R.
* Aim for a minimum reward of 1:1.5 R.
* Don't risk more than 3% of your total margin.
Let's execute this trade smartly! 🚀
💬 About Me:
I am a professional trader with over four years of experience in the markets. I focus on swing trading using the 4H timeframe, mainly in the forex space. The trades I share here are the actual positions I’m executing. I post them as a small gesture to give back to the trading community that’s been a big part of my journey.
Cheers! 🙏
AUDCAD SELLSAs we can see on the daily timeframe, this looks like a promising setup for potential shorts. The price is currently trading high in the overall market structure and is sitting within the sell zone. While the 4H chart still shows bullish momentum, I’ll personally be watching for possible structure shifts on the 15-minute timeframe to confirm short entries.
I've marked two significant highs — both are valid targets. However, it's possible that price may push higher to take out the first high (liquidity grab) before a potential reversal. I'm leaning toward shorts, as this aligns with the higher timeframe trend.
If price action becomes strange, I’ll simply observe and stay out. No need to force anything but today possible high of the week can happen, or tomorrow. Let’s see how it unfolds in the coming days.
Bullish Bat Pattern on AUD/CAD - Potential Reversal SetupThis analysis presents a Bullish Bat Pattern forming on the AUD/CAD (Daily Timeframe), signaling a potential reversal from the D point at 0.8593. The price has reached the completion zone of the harmonic pattern, aligning with key Fibonacci levels.
Key Observations:
The pattern follows X-A-B-C-D harmonic structure, with the D-leg completing near the 88.6% Fibonacci retracement of XA.
A strong rejection from this zone could indicate a potential bullish reversal.
The entry zone is near 0.8593, where buyers may step in.
Trade Setup:
Entry: Around 0.8593 - 0.8600
Take Profit Targets:
TP1: 0.8866 (50% Fibonacci retracement of CD)
TP2: 0.8930 (61.8% Fibonacci retracement of CD)
Stop Loss: Below 0.8550, allowing room for fluctuations.
Final Thoughts:
If price action confirms a bullish rejection with strong buying pressure, this setup offers a high-reward trading opportunity. However, invalidation occurs if the price closes below 0.8550. Monitor for confirmations like bullish candlestick patterns or RSI divergence before entering.
AUDCAD SELL📉 AUDCAD: Ready for a Drop? Here's What You Need to Know!
The AUDCAD currency pair is showing signs of potential downward movement. 📊 Here are a few key factors driving the sentiment:
🔹 Weak Australian Data: Recent economic indicators from Australia suggest softening growth, which could weigh on the Aussie dollar.
🔹 Strong Canadian Dollar: Canada’s economy benefits from steady oil prices and a stable monetary policy outlook, providing support to the CAD.
🔹 Technical Analysis: AUDCAD is testing critical support levels. A break below could open doors for further downside movement.
💡 Trade Idea: Keep an eye on this pair for short opportunities. Always consider risk management and consult your strategy before making a move.
What are your thoughts? Drop your analysis in the comments! 👇
AUDCAD 1-Hour Chart AnalysisOn this chart, AUD/CAD is displaying signs of potential support in the green zone. A downtrend line is evident, but the price has tested this trendline multiple times.
Key Levels:
Support Zone: Around 0.90800, which could serve as a foundation for a reversal if buyers step in here.
Resistance Levels (Targets):
Target 1: 0.91790
Target 2: 0.92025
Target 3: 0.92380
Target 4: 0.92700
Stop-Loss: 0.90680, just below the support zone to manage risk in case of a bearish continuation.
Potential Scenario:
Bullish Reversal: If price action breaks above the descending trendline, there is a possibility of a bullish move towards the first target at 0.91790. The break above would signal a reversal from the downtrend, potentially aiming for higher targets.
Bearish Continuation: If the price fails to hold above the support at 0.90800, it may continue downward, hitting the stop-loss level at 0.90680. This could provide a shorting opportunity.
This setup could be ideal for a trend reversal trade, focusing on breaking resistance levels and progressively moving toward the higher targets. Be sure to monitor for confirmation before entering, as this could avoid potential false breakouts.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading involves significant risk, and you should always conduct your own research and consult with a professional financial advisor before making any investment decisions. Past performance is not indicative of future results. Trade responsibly.
How to Trade Candlestick POIsThis is not precisely a forecast, rather, it is a tutorial on how to trade candlestick POIs using my custom Templar Trading Methodology. It is a very basic approach, not exactly as robust as I would teach in a class or seminar per se.
In this video, you will learn how to capture the best Day Trading ideas on a daily basis, especially on Gold (XAUUSD), and other high-volatility commodities. I hope you learn a thing or two from this though. Cheers!
- Adetola Freeman.
AUDCAD Trading Strategy (4H Chart): BUYAUDCAD Trading Strategy (4H Chart) – Updated:
1. Updated Technical Analysis:
Ichimoku Kinko Hyo:
The price is above the Ichimoku cloud, indicating a strong uptrend.
Tenkan-sen crossing Kijun-sen from below signals a buying opportunity.
The future cloud (Senkou Span A and B) is expanding, showing increasing bullish momentum.
Bollinger Bands (BB):
The price is fluctuating near the middle band and is likely to test the upper band, reinforcing the bullish trend.
The prior contraction of the bands suggests a breakout is imminent.
Volume:
Trading volume is gradually increasing, reflecting growing investor interest in this upward trend.
2. Trading Plan:
Entry Point:
Buy in the 0.91000 - 0.90900 range, waiting for a price pullback to optimize your position.
Stop Loss (SL):
Place the stop loss at 0.90600, just below the Ichimoku cloud and a key support level to minimize risk.
Take Profit (TP):
Target 1: 0.91900
Target 2: 0.92000 (anticipating a breakout above the key resistance).
Risk-Reward Ratio (R:R):
Estimated between 2:1 and 3:1, making this an attractive swing trading setup.
3. Convincing Reasons:
The uptrend is confirmed by strong indicators such as Ichimoku and Bollinger Bands.
The chosen entry zone allows for a lower-risk position while maximizing profit potential.
High probability of reaching profit targets due to the strong bullish momentum.
4. Call to Action:
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AUDCAD is about to shift its character to bullishAUDCAD has broken its structure at the level of 0.91205 with a bullish volume candlestick and it is filling ists FVG(0.91242-0.91397) once it completely fills the FVG i'll enter a long position above 0.91397 with stop loss of 0.91169 and i'm targeting the levels of 0.92519 , 0.93036, 0.93760 once it is successful in closing above 0.91863 we'll be able to see a good push toward our targets .
AUDCAD M15AUDCAD M15
If price tap on POI without creating Liquidity then it will be little low probability for buy, so take low risk for buy.
If price creating liquidity range before poi tap then it will be high probability for buy.
M15 is pure bullish , so we are going for LONG.
Note : Take Max 0.5 - 1% Risk per trade.
AUDCAD: A Two-Step Short StrategyThe AUDCAD currency pair offers intriguing opportunities for traders looking to capitalize on potential short setups. As we analyze current market conditions, we can identify two distinct scenarios for entering a short position. This article outlines these setups and the conditions under which each becomes relevant.
Setup 1: Initial Resistance Level (0.92056 ~ 0.93314)
Current Market Overview
The AUDCAD may approach a critical resistance level soon. This level has historically shown strong price rejection, and if it continues to hold, it could provide a prime opportunity for a short position. The resistance level in question is situated around , where price action has previously faced significant selling pressure.
Trade Setup
Entry Point: If the price fails to break above the resistance level and starts to show signs of weakness, a short position can be initiated.
Given that this setup hinges on the resistance holding firm, it’s crucial to monitor price action closely. If the resistance level is breached, consider transitioning to Setup 2.
Setup 2: Post-Breakout Strategy
Market Context
In the event that the price breaks above the initial resistance level, this would indicate a potential bullish shift. However, if the breakout is followed by a false move or if the price starts to consolidate around the new resistance level, a new short opportunity may emerge.
Trade Setup
Entry Point: Watch for signs of a bearish reversal after the breakout. This could include a rejection at the new resistance level or a bearish candlestick pattern forming.
Conclusion
Trading the AUDCAD involves careful observation and adaptability. The initial resistance level provides a clear point for a potential short trade, while the secondary setup comes into play if the price breaks above this resistance. By staying vigilant and employing disciplined risk management, you can effectively navigate these trade setups and potentially capitalize on the movements in the AUDCAD pair.
As always, ensure to perform your own analysis and adjust your strategy based on the latest market conditions. Happy trading!
AUDCADClean price action and structure. One of my favorite setups for the next week as well. Price formed it's new Independent Trading range, came up to the supply zone 3 times already, made a fake move to the upside, now waiting for 15min flip to the downside for this setup to become valid. Tp first low and MM ( measured move )