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Aud-nzd

Short Position taken AUD/NZDFX markets have been extremely volatile and so I haven't been trading as much as usual. In times like this its key to wait on the side lines and preserve capital. You should only take trades that meet your entry criteria! This is is a great setup, one of the best I have seen in a while. We have a complete head and shoulders on the weekly, with a key level on 1.000 below. I have been entered into a short position after a re test of the weekly trend line, key resistance and 50 /20 ema zone. I will take this pair down to 1.000, making it just under 2.5:1 reward / Risk
Short
by ProsperousTechnician
Daily Analysis on AUDNZD by ThinkingAntsOkUse this as a guide to develop your view of the chart: Main items we can see on the Daily chart: a) The price is inside an ascending channel (primary structure) b) The price bounced from the lower trendline of the ascending channel c) We can see a corrective Structure that has been broken with a bullish movement d) We expect a continuation of the long movement towards the next resistance zone at 1.068 e) The current area is a good one to look for opportunities towards the macro target.
by ThinkingAntsOk
2
Don't miss the great buy opportunity in AUDNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.0455). 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 60. Take Profits: TP1= @ 1.0504 TP2= @ 1.0660 TP3= @ 1.0830 SL= Break below S2
Long
by ForecastCity
16
Don't miss the great buy opportunity in AUDNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.0455). 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 60. Take Profits: TP1= @ 1.0504 TP2= @ 1.0660 TP3= @ 1.0830 SL= Break below S2
Long
by ForecastCity
22