Audnzdanalysis
AUDNZD RoadmapAUDNZD potentially to go up by +150 pips if the buyer manages to push the price to the 1.0930 resistance level, unconfirmed inverted H&S was formed and we need for the price to breakout the resistance level 1 before placing any buy order.
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AUDNZD finally to shift out of descending TL?AUDNZD has been a weird pair. Ultimate trend down, but stuck in a range for 7 years already, and no breakout in view. For now, I do see it go long, and potentially trap buyers, but we remain neutral on that for now.
Currently, I am eyeing an entry on H1, with the Corrective Pattern broken and potentially getting a retest now. Further confluences are as following:
-H1 Structure
-50%/61% fib retracement
-Breakout of H1 Corrective Pattern
-H4 bullish engulfing
-Seasonal Prime iextremely Bullish
Enter at your own risk and use proper risk management.
AUDNZD short Trend is your Friend!
1. One Touch, Two Touch and Third Touch usually
completes a Trend.
2. EMA acting as Dynamic Resistance,
3. Markets has Bounce off our Golden Fib Zone,
Trend line an Psychological level @ 1.08400
where big institutions place orders and take
profit.
4. Waiting for 3 Eight hour candles to show signs
of rejection to place Sell order
5. I will be Selling at current Price Level
@ 1.08400
Safe SL @ 1.08600
80% Partial TP @ 1.07100
10% Partial TP @ 1.07000
Remaining Trade TP @ 1.06800
Only 5% risk will be take for this trade
AUD/NZD | Possible ShortAUD/NZD Sell
Resistance Levels: 0.07831, 1.08000, 1.08508
Support Levels: 1.07674, 1.07476, 1.07159, 1.6754
Possible Instant Sell:
Entry price: 1.07785
Stop: 0.08350
TP 1: 1.07159
TP 2: 0.06754
Good luck
#JustTradeFxOnline
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WE COULD HAVE A SELL ON AUD/NZD!!Price failed to respect the 4hr trendline after hitter a major resistance level at 1.10000. Price is continuing downward in the counter-trendline. We see that price broke the 1.08250 level and is now in the process of retesting it. We are waiting for a pattern or candlestick formation to form to place our trade. Tp set at 1.07500 because there are a lot of buy orders sitting within that zone due to a 50% Fibonacci line-up.
AUDNZD loves downward channelAUDNZD-H1
Key points
⚡️ After the impulse moves from 1.05500 level it has reached around 1.1000 level which is a key psychological level and started falling
⚡️We can clearly see the LL LH LL patterns and trading in a downward channel
⚡️The first major rejection comes around 23.6% Fibo at this level we have selled before but unfortunately it's retraced back towards entry point and felled almost +70 pips from 1.09300 level
⚡️Currently the price felled below the 50% fibo and will continue to fell towards 1.06000 level
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AUD/NZD SELL SIGNAL Hey tradomaniacs,
welcome to new free trade-setup.
AUD/NZD: Swingtrade-Execution
Market-Sell-Order: 1,08215
Stop-Loss: 1,08715
Target 1: 1,07720
Target 2: 1,07300
Target 3: 1,06890
Target for One-Target-Trader: 1,07300
Stop-Loss: 50 pips
Risk: 0,5% - 1%
Risk-Reward: 2,70
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Peace and good trades
Irasor
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AUDNZD, 4hr tf, sell below the kumo cloud updatedHello my friends,
Today i will review my previous positions. I've got 2 positions about to hit TP.
First pair is AUDNZD which i posted at 16th September 2020. I provide the link to previous post so you guys can check it out.
Sell AUDNZD 1.0870
Stop loss 1.0920
Take profit 1 @1.0810
Take profit 2 @1.0745
RR ratio is 1 : 2.5
Use only 1-2% risk
Good luck
This is my trade on 16th September and right now it is floating +100 pips.
I've secured partial profits here and set SL to profit for the remaining position.
This trade took 2 days to move according to my analysis and setup
Congrats to my fellow friends who follow this trade.
Drop a like to this post if you joined me selling AUDNZD
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Also check my bio
AUDNZD | PERSPECTIVE FOR THE NEW WEEKAUD/NZD is aiming higher within the broad range despite the announcement from Reserve Bank of New Zealand's governor Orr at the beginning of the month (September 2020) that the central bank is ready to deliver more stimulus. Presently, the pair is trading above the Breakout of the Bearish Trendline hereby closing the last week above the Demand zone @ 1.09200
Tendency: Uptrend ( Bullish )
Structure: Trendline | Supply & Demand | Breakout
Observation: i. The line drawn under pivot lows on the Daily chart emphasizes the prevailing direction of price as price comes back to touch Trendline once again!
ii. Breakout of Rejection Trendline is another confirmation that points at an Uptrend bias.
Trading plan: BUY confirmation with a minimum potential profit of 300 pips.
Risk/Reward: 1:3
Potential Duration: 8 to 15 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
AUD/NZD - ForecastAs you can see AUD/NZD has shown bearish movement after hitting the key resistance level at around 1.1042
Now it has retraced a little after reaching the KEY SUPPORT Level at around 1.0840
Now we need to see if it will reverse back to the same RESISTANCE Level at around 1.1042 or continue down to next major support level at around 1.0660.
If it comes back to the 1.0840 level and breaks it then SELL is confirmed.
A Like would be appreciated.
AUDNZD Elliott wave analysisFX:AUDNZD
Due to the weaker monetary policy in of reserve Bank of New Zealand the kiwi dollar had lose some strength against all the currency pairs
AUDNZD has managed to gain some strength towards 1.10430. At 1.10320 it has formed a double top formation which triggered selling of kiwi dollar
An it also formed a ABCDE Elliott wave pattern which has further sliding of AUDNZD
Currently this pair was trading in a falling channel.
After reaching 1.0900 which is a major psychological level it bounced back towards 1.09600.
Here is a 50% Fibonacci of previous high and low At this juncture clear bearish engulfing candle has formed and a bearish flag pattern.
Suitable selling positions may opened at current level and the target would be 1.08383 which is a next resistance level and the expected level of Elliott wave 03
Stop lose may place above 1.10120 level
If the price broke at 1.1000 level this Elliott wave pattern will got invalidated
Important levels to watch
August high - 1.10434
August low - 1.07180
July low - 1.05650
July high - 1.07520