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Audnzdbuy

Harmonics in play! (AUDNZD analysis)Hey guys, i've been looking for this setup to complete for a very long time, now price has finally finished the AB=CD patterns i was paying attention to. The reason why i was so interested in these pattern is because their completion point line up pretty well with a daily and weekly structure looking left. Besides, also the 382 retracement of the bigger impulse lies right around there. The RSI is in oversold condition so we can start looking for price action in order to long this pair. Keep you updated! If you want to share your view, or just ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
7
AUDNZD Carves Bull Flag Following 690 Pip RallyOver the weekend I mentioned the 1.0765 handle on the AUDNZD. Before the March 3rd close above the area, it had served as resistance on several occasions since May of last year. Although buyers haven’t shown much urgency, they have managed to hold price above the 1.0765 area this week. Furthermore, if we drill down to the 4-hour chart, we have what appears to be a channel within a channel. The price action over the last four weeks has carved out the larger of the two patterns. This formation has the look of a bull flag following the 690 pip run up from the current 2017 low of 1.0325. Within this descending channel, we have a similar yet steeper pattern. Today’s intraday break above resistance at 1.0808 signals that buyers may be ready to have another go at the larger channel resistance near 1.0900/10. From here, there are two ways to play the recent price action. The first is to watch for a buying opportunity on a rotation back to former resistance near 1.0800. A firm bid in this area would likely take the pair back to the 1.0900 region. The second option is to wait for a break of the larger channel before considering an entry. Although you’ll miss a portion of the move, the four-week structure is the more obvious play here in my opinion. I’m going to stand aside for now given the upcoming Australia employment figures at 9:30 pm EST. If we get a proper buy signal following the event, I may consider an entry. Otherwise, I’ll wait for a close above resistance near 1.0900/10.
Long
by Daily-Price-Action
AUDNZD Bullish Pin Bar Hints at a Move HigherThe AUDNZD came alive in February and continued its bull move through the first half of March. It was the first significant higher high since March of last year when the cross was trading at 1.1280. Since last month’s high at 1.1018, the pair has pulled back and consolidated. But the way in which buyers have held price above 1.0765 suggests a healthy form of consolidation that could lead to the next leg up. Furthermore, Friday’s retest of 1.0765 carved out a bullish pin bar. The candlestick pattern suggests that a move higher is on the way, perhaps back to trend line resistance near 1.0900/20. As for a potential entry point, the 1.0790 area looks promising. This is the March 27th low and is also very near the 50% retracement of Friday’s range. Alternatively, a daily close back below 1.0765 would negate the bullish outlook.
Long
by Daily-Price-Action
Flag Pattern on AUDNZDHi guys, here on AUDNZD we have no structure looking left on the higher timeframe. In cases like this i start looking for simple pattern formations, like flags, triangles and wedges in the trend direction. On the chart above you have what could be considered a flag pattern that's been broken to the upside. Price is now retracing back and giving us a better risk to reward ratio. Stops below the previous lows, target1 at the retest of the highs, target2 to be determined (could go very far). If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Flag pattern on AUDNZDHi guys, here on AUDNZD we have no structure looking left on the higher timeframe. In cases like this i start looking for simple pattern formations, like flags, triangles and wedges in the trend direction. On the chart above you have what could be considered a flag pattern that's been broken to the upside. Price is now retracing back and giving us a better risk to reward ratio. Stops below the previous lows, target1 at the retest of the highs, target2 to be determined (could go very far). If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
AUDNZD - Long Positon for Atleast 600 Pips!Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential long position for at-least 600 Pips, It has a potential for 1100 or more pips, the minimum expectation is 600 Pips from this trade ! This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points. .TP & SL are mentioned in the chart. Adjust your Stop Loss according to your lot size, account equity ,strategy & money management. ***If you want to get in this trade from this point or 1.03530, you can still catch 350+ pips till TP1 is reached, however It may still go down keeping the current situation in mind , It is recommended to enter with a smaller lot size if you want to take a long position right away & manage your stop loss accordingly. Good Luck.! * This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity . Don't forget to like, If you like my analysis :)
Long
by Jaffery