Audnzdanalysis
AUDNZD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
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AUD/NZD 1H: Head And Shoulders👋 Hello and welcome traders to another trade
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AUD/NZD 4H👋 Hello and welcome traders to another trade
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||AUDNZD SELLERS HELD HOSTAGE ! ABOVE 1.080XBuyers of the aussie are holding bids @ 1.079x area and sellers are having to compensate their loses real quick as price tries to hold water at 1.0808x highs being tested multiple times ,over night trading in the asian markets will give push in price above 1.0808x zone and am expecting market reaction in london session above 1.082x area .
With no economic data until thurday on either currencies we should have strong technical bias on this trade from start of the week until we get both unemployment and interest rate figures towards the end of the week
Expecting an entry point in 1.084x area with it holding most sell side liqudity for a push lower to around 1.0793x
Ps-dabag
AUDNZD - two scenarios 1: correction
2: grown
I think we're in for a correction.
After such a growth, to continue we need a correction.
From the long position went out completely.
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AUDNZD Downward Momentum Slowing DownAs we can see, BEARISH momentum have slowed down for now as we start seeing movement at the upper side of the ichimoku cloud. There was great consolidation in the cloud before yesterday's candle close. This give us a BULLISH opportunity to the resistance zone (red zone). That is also where I will expect a price rejection followed by BEARISH movement.
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