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Aud-nzd

Following the 4hs movement on AUDNZD by ThinkingAntsOkMain items we can see on the chart a) Last week we observed a clear minor corrective structure, and the target was the next resistance zone b) The price moves as expected after the breakout of the minor corrective structure, and now we can observe the 2nd one c) We will use the same logic for this structure if the price breaks it, we will aim for a bullish movement towards the previous target d) REMEMBER: Waiting for clear corrective patterns is always the best way to trade the market; first you wait for something you feel extremely clear, and after that, you look for a breakout signal that provides you with a good risk-reward ratio towards the next support/resistance zone
by ThinkingAntsOk
AUDNZD on the way to the Target by ThinkingAntsOkMain items we can see on the chart: a) We observed a clear minor corrective structure after the breakout of a major corrective structure b) This structure was also supported on a clear horizontal zone (support/resistance) c) When we find this kind of situations with coherence in multiple aspects, we can say we are in front of a high-quality setup d) The movement is currently going as expected (from a technical perspective) and we wait for the resistance zone to be hit
by ThinkingAntsOk
1
AUDNZD: Key Level & How to Trade It AUDNZD is approaching a strong daily/4h structure support. the underlined yellow area is based on a horizontal structure and fib.confluence of multiple impulse legs. Friday's daily candle has been rejected from it with a dodji candle. to catch a bullish movement from this key level, pay attention to a bullish flag formation on 4H. let the market break above that with 4H candle close. then buy aggressively or on a retest. initial target will be 1.0727 stop will be below the last higher low within the flag. in case of bearish continuation and bearish violation of the underlined structure, setup will be invalid.
Long
by VasilyTrader
17
AUDNZD Trend ContinuationBeen speculating of this pair for 1-2 weeks and just last week it met our conditions of entry but so happened to show us our ideal entry at market close which is very risky especially without knowing what may happen over the weekend, that can put our trade into complete danger. It was better that we closed at entry and be patient on this one, the next entry would be with great bullish momentum breaking above the minor correction channel at trending support.
Long
by RiosTrades
Don't miss the great buy opportunity in AUDNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support lines. if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 47. Take Profits: TP1= @ 1.0721 TP2= @ 1.0748 TP3= @ 1.0813 TP4= @ 1.0867 TP5= @ 1.0890 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
24
Don't miss the great buy opportunity in AUDNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support lines. if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 47. Take Profits: TP1= @ 1.0721 TP2= @ 1.0748 TP3= @ 1.0813 TP4= @ 1.0867 TP5= @ 1.0890 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
22
AUD/NZD SHORTHello Traders ! Today we have a nice trading day ! USD is weak and most of the pairs like GBP/USD , AUD/USD are all the way up ! This could be change when US Stock Market will open up . For today I will bring you this trade, a short idea in my opinion and I tell you why AUDNZD entered in this low area in November 2018 and stay there, try several times to make a way the break that zone at 1.08800- 1.0700 but without any success. So as you can see, if you switch to Daily or Weekly TF you can see a solid resistence at 1.07180 / 1.07200, everytime in last weeks when price come to this level, it was rejected, also we have that double top on daily from May. Personally I will be a seller on this pair at this time and also until the pair will break up the zone from November and also 1.08900. You can join this trade using next information : You can entry at 1.07170 and also you can entry now if your appetite for risk is higher or you can wait. Put your SL at 1.07250 TAKE PROFIT @ 1.06900. Depends on your entry, this trade can bring you 2+ 2.5 + R/R Soon I will launch the telegram channel and I will inform you about that and there I will continue my work from trading view and offer live oportunities for you ! Take care and stay safe ! Have a great day and a productive week !
Short
by Andrei_C
AUD NZD - Long FlashcardAUD NZD - Long Flashcard - Double bottom formation (more pins to a low) created early London session - Lower lows created until a spike, after which the spike wasn't broken and 4 higher lows were created - RSI crossed MBL and MBL curving upwards - Entry @ second close above 13 ema - Stop loss 5 pips below low off formation - Average daily range of pair is low so lot size is doubled and stop loss is tighter (in terms of pips) - TP @ RSI cross into signal line and hook into volatility bands (halfway through candle since stop should be tight at that point)
Long
by AbdullahDjendel
1
COPY OUR TRADE SETUP FOR SAFE TRADES - AUDNZD As we already explained, two channels have broken so far, two short channels forming lower lows give us a confirmation of our previous reversal idea. AUDNZD has reached the resistance zone and trading in sideways with wicks on the chart. We will take sell entry at 1.0717 level or if it breakout support line we can take sell opportunity on the retest at 1.066 with a target of 1.0550 level. Note: Idea is only for learning purposes. Apply your own analysis before the trade.
by DragonCaptain
AUDNZD - Trade Idea for TODAY!Which way will it break? Nice clear chart with great support and resistance. You could even go and add other indicators such as RSI etc. I like this chart on the higher time frames as well. A break out of the bull flag or triangle, bulls are in control. However, if we do break to the down side, take the short down to the next support area, for bulls in control, target the next resistance. As I am aware we are in consolidation within the majors, but minors are offering great R/R trades. Remember: Just a trade idea, not a recommendation.
by Trade_Journal