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Audnzdforecast

AUDNZD: A down wave will be coming soon...Hey Traders, FX:AUDNZD is almost ready for a down wave. Wait for market to give you reaction and look for sell setups, it's a medium term trade. We can see a 100 pips move minimum and if we get a correction, another drop will be coming to break previous lows as well. P.S. Do not think that market cannot go higher, wait for your sell setups before you jump in. If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment. What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals... DO NOT FORGET OUR 4 GOLDEN RULES: 1) Do not over-risk 2) Do not over-trade 3) Do not trade without stop loss 4) Never ever add to losing position Trade with care We Trade Waves Team
Short
by WeTradeWAVES
5
AUDNZD Where to sell?AUDNZD ( 4H) has formed a head shoulder on this important level of resistance that has broken down. Based on monthly, AUDNZD is over-extended to the upside and it is a very high probability that it will come for a deeper retracement on the higher time frame means, trend change in the lower timeframe. A selling opportunity on the retest of the neckline of the head & shoulder. Press the like button if you find value in this analysis. Thank you :)
Short
by ForexWizard01
AUDNZD: Bearish outlook & supply setup Hey traders, FX:AUDNZD recently tested demand above the recent pivot high and failed. But in the process, stop orders in that zone were triggered, which qualifies as manipulation in my book. We then got a strong drop, formed a short base and continued down breaking structure to confirm downtrend. The base is a nice supply zone in itself, where I expect resting orders to be placed and traders waiting to get in. Last week we pulled back, but didn't quite reach the supply area. We also didn't fill the imbalance (yellow zone on chart) and the lower high here means liquidity is building above. Lots of confluence here and logic dictates, that if we move up to fill the imbalance and tap into the lower high liquidity, the supply zone is a high probability are for price to reverse. As a target, I'm simply looking at last week's low. But I believe we can go further than that. 1.092 is a logical area looking at daily chart. Feel free to use it for TP2. This is also my scratch level. If we move here before getting a retracement to the supply zone, I'm discarding the trade. Summary: AUDNZD 4H SELL SETUP Supply & Demand Trade Entry: 1.10605 SL: 1.1095 TP: 1.09525 Scratch level: 1.092
Short
by RonnyNilsson