AUDNZD: Your Trading Plan Explained 🇦🇺🇳🇿
One more instrument that we discussed on the today's live session is AUDNZD.
The market is currently testing a confluence zone based on a rising trend line and a horizontal support.
To buy the pair with a confirmation, wait for a bullish breakout of the resistance of a horizontal trading range on an hourly time frame.
You need an hourly candle close above 1.0859 to confirm the violation.
A bullish continuation will be anticipated to 1.0878 then.
Alternatively, a bearish breakout of a trend line will be a strong bearish signal.
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AUDNZD
AUD/NZD short ideaHello Traders
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AUD/NZD Made H&S Pattern But Still Not Confirmed , Short Valid ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
MarketBreakdown | EURUSD, AUDUSD, AUDNZD, CHFJPY
Here are the updates & outlook for multiple instruments in my watchlist.
1️⃣ EURUSD daily time frame 🇪🇺🇺🇸
The market is currently trying to break a solid rising trend line.
Its breakout – a daily candle close below will be a strong bearish signal
and will most likely push the prices lower.
2️⃣ AUDUSD daily time frame 🇦🇺🇺🇸
AUDUSD is trading in a bearish trend.
Since the middle of August, the market is consolidating, though.
The price is stuck within a horizontal range on a daily.
The pair is currently approaching a support of the range.
Its bearish breakout will most likely trigger a trend-following movement.
A daily candle close below that will confirm a violation.
3️⃣ AUDNZD daily time frame 🇦🇺🇳🇿
AUDNZD formed a bearish flag pattern.
The price is currently approaching its lower boundary.
Its breakout will be a strong bearish signal.
4️⃣ CHFJPY daily time frame 🇨🇭🇯🇵
The pair is trading in a long-term bullish trend.
For the last 4 weeks, the market is consolidating within a horizontal range.
After the last test of its support, we see a positive bullish reaction to that.
The market will most likely keep growing to the resistance of the range now,
while its bullish breakout will trigger a new bullish wave.
Do you agree with my market breakdown?
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AUDNZD Just made its turn off the bottom.AUDNZD need to reload with some stronger hands to continue going up. This move is already finished its bottom turn. I have a path copied from back in the past that mimics not only the candles but the placement of the lines and the intent or set up used to get it to look and move the way it does.
ESVO is the indicator that I use I made it with ChatGPT using my own formula and it shows all the interest of all the different timeframes and also identifies oppurtunities where price is in agreeance across all timeframes and launches for a profit run. It also has signals that let you know when the move is over as much as 24 hours prior to the event.
by iCantw84it
08.30.23
AUDNZD Round Two.... FIGHT!Its that time, AUDNZD took a long kiss good night over the weekend and woke up to prince charming this sunday. If you see the price action on the 4 hour in riding in between the interest of all the timeframes. This is something new I have seen but Its mostly on forex.... It seems that who ever is the main mover of the market likes to use all the timeframes to buy and sell shares at. pretty interesting and actually kind of smart. Its different from traditional markets so its pretty intriguing to me. Use the interest of the buyers and sellers to dump your shares and resupply which would make the move a lot faster as your are using each area of interests to move you to the destination.
Anyways. Should be a decent move to the upside...not saying it can't run down a few more times.... I added a path from a previous move which it should align with.
by iCantw84it
09.03.23
AUDNZD: Bearish Continuation & Short Signal
AUDNZD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short AUDNZD
Entry - 1.0893
Sl - 1.0919
Tp - 1.0833
Our Risk - 1%
Start protection of your profits from lower levels
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AUDNZD The closing of the 1D candle is important.The AUDNZD pair is testing the top (dotted trend-line) of the Triangle pattern that started on the July 24 High that was a rejection on the 1.093250 Symmetrical Resistance. Friday's candle broke but closed below it. If any manages to close above it, we will buy and target 1.09350 on a potential emergence of a Channel Up. If on the contrary its rejected, we will be bearish, targeting the Triangle's bottom at 1.07600.
A 1D candle closing above the Symmetrical Resistance or below Support 1 (1.073350) will be a bullish and bearish break-out targeting 1.010530 (Resistance 1) and 1.063250 (Higher Lows) respectively.
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AUDNZD H4 | Bearish reversal off multi-swing-high?AUDNZD could rise towards the sell entry at 1.08677 which is a multiple swing-high resistance and could potentially reverse from this level to drop lower.
Stop loss is at 1.09263 which is an overlap resistance level that aligns above the 127.2% Fibonacci extension level.
Take profit is between 1.07950 and 1.07885 which is a pullback support level.
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Long AUDNZDAUDNZD daily Heiken Ashi candle closed green after a red daily Heiken Ashi candle. This in addition to a previous green weekly Heiken Ashi candle suggests to me that this week may be bullish.
I entered with a market order and placed my stop loss just below the local low on the daily chart.
AUDNZDAUDNZD is trading in symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is at the support of triangle where it is also forming a local support zone and seems like the price may break through the triangle.
If the breakout sustain to upside the optimum target could be 1.0842 followed by 1.0880.
Strifor || AUDUSD-08/21/2023Preferred direction: SELL
Comment: The US dollar continues to put pressure on the Australian dollar, namely, the squeeze to the level of 0.63750 most likely indicates the seller's intention to continue falling prices. The downside potential is located at the levels of 0.63500 and 0.63000.
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AUDNZD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDNZD for a selling opportunity around 1.08 zone, AUDNZD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the trend at 1.08 support and resistance area.
Trade safe, Joe.
AUD NZD LONGRisk 0.5%
TP1 = 1:1 RR
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