AUDNZD Price has stalled out on R2 and in our MOB zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
Aud-nzd
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)
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.
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.
AUD/NZD: Buying @ market priceThe curve was broken to the upside on July 14, European morning time.
As you can see, it has acted successfully multiple times as a resistance and it seems now buyers are ready to push the pair to higher levels.
I am buying at market price, my 1st target will be the 50% fib level from last top then If I see a continuous strong upwards movement I will target the 61.8% fib level as a final target.
Trade at your own risk
ridethepig | Dovish RBNZ Pricing & Commodity Shortages📍 RBNZ formula
So what are we trading here?
In this position it would be an obvious mistake to not acknowledge risk sentiment worsening over the weekend as cases continue to escalate, clearly the market is exposed to the storm (that is to say the series of localised lockdowns are a done-deal, the only question remains whether it becomes more widespread).
On the monetary side, the correct flow to shelter from if things materially worsen (sadly looks inevitable) is the dovish RBNZ. After the latest meetings they have opened the window for a game changer on the stimulus front coming in August (via lowering domestic borrowing costs).
Consider the situation on the AUD side of the equation: Commodity shortages are entering back into play via the Covid shock which is a prelude towards the monetary crisis. Gold, Iron Ore, Copper and etc all look set for further advance; it will keep the basis for some action to the topside in AUD via collateral. Here tracking closely 0.677x in AUDUSD and 0.637x in NZD as the line in sand for the cross. Look to ride AUDNZD up towards the 1.12 macro targets.
As usual thanks all for keeping the feedback coming 👍 or 👎
AUDNZD signaled to drop by MACD and RSIAUDNZD has finished rising after its breakout of the falling wedge and a reversal is about to happen. By watching price action we can see a reversal is likely to follow soon and to support that the rsi shows that we are in an overbought zone and the macd is about to have a cross. On top of that NZD is stronger than AUD today making it even more clear that the pair is going to drop.
Entry @ 1.06700
SL @ 1.07065
TP @ 1.06309
Don't miss the great buy opportunity in AUDNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.06300). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.06700
TP2= @ 1.07100
TP3= @ 1.07500
TP4= @ 1.08300
TP5= @ 1.08700
SL= Break below S3
❤️ 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 ❤️
Don't miss the great buy opportunity in AUDNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.06300). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.06700
TP2= @ 1.07100
TP3= @ 1.07500
TP4= @ 1.08300
TP5= @ 1.08700
SL= Break below S3
❤️ 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 ❤️
AUDNZD - SWING - 13. JULY. 2020Welcome to our weekly trade setup ( AUDNZD )!
-
1 HOUR
Very bullish price action and closure above blue turnaround area.
4 HOUR
Great long entries, prices about to turn bullish.
DAILY
Overall bearish market at its low, looking for a push to the upside.
-
FOREX SWING
BUY AUDNZD
ENTRY LEVEL @ 1.06040
SL @ 1.05690
TP @ 1.06510
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDNZD Price has just reached our MOB zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
AUDNZD breaking support 🦐The market after hitting the recent low has now created a support area around 1.065.
Price cut the ema 21 and now the bear pressure seem to break the structure and if the price will close the daily candle below we can set a nice short order according with our strategy.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
AUDNZD - SWING - 30. JUNE. 2020Welcome to our weekly trade setup ( AUDNZD )!
-
1 HOUR
Prices about to turn bearish.
4 HOUR
Range high got hit, expecting a push to previous lows.
DAILY
Overall waving market structure, good short entries!
-
FOREX SWING
SELL AUDNZD
ENTRY LEVEL @ 1.07050
SL @ 1.07480
TP @ 1.06440
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDNZD UPDATE This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
Bearish movement coming on AUDNZD by ThinkingAntsOkMain items we can see on the chart:
a) The price has reversed from a major resistance zone
b) After the initial movement and the breakout of the Ascending trendline a Corrective structure was formed
c) Currently, we can see a corrective Structure composed by an ABC pattern (also we can expect an ABCDE Pattern)
d) If the corrective Structure is broken with a bearish movement we expect a continuation of it towards the next Support Zone
DAILY CHART: