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Aud-nzd

Trade Like A Sniper - Episode 13 - AUDNZD - (3rd June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing AUDNZD, starting from the 12-Month chart. - R2F
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by Road_2_Funded
Recent AUD/NZD Long Trade Using ResistanceI caught a nice trade here yesterday on AUD/NZD. Price had recently broken through resistance, and we saw a strong bullish break out move. As the bullish momentum slowed down, we saw bears come back into power and drove the price back down to resistance. At this pint, we need to look for 2 actions: - Either price will break through the resistance level and the bearish move will continue, most likely down to previous support levels in which you could enter a short trade when the break through is confirmed. OR - We will see a rejection at the trend line where the price is struggling to break through the resistance, and bulls come back into the equation to drive the price upward. This is when you can enter a long trade. After identifying the rejection at the trend line, also in line with the MACD and RVI, I entered a long trade and banked a nice profit before bears came back into power and drove the price down. Support and resistance levels can be used to identify some lovely trade setups, as we have seen with AUD/NZD.
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by francesgurton