AUDNZD H1 SHORT PRICE ACTION FORECAST The price broke the bullish trend after failing to form a fresh HH. The price is under a strong bearish sentiment with the potential to experience a technical correction towards the FIB level from the extension tool. The current price structure allows the setup of a short entry with the following characteristics.
The order:
Type: sell-stop
S/L: 22 pips - R:R | 1:2 -
T/P: Fib level
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Audnzdforecast
AUD/NZD at key resistance💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
AUD/NZD has approached key resistance on daily chart. There is a uptrend in play for this pair and price might look for new highs.
Let us know what you think about this idea.
Trade safe !
AUD/NZD could go down!Hey tradomaniacs,
after a massive pump bulls seems to save profits at the current key-resistance area where more bearish confluence could take place.
Good chance to short this pair.
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Peace and good trades
Irasor
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AUDNZD, daily chart, double top pattern in playBased on the daily chart we could clearly see AUDNZD has a double top pattern and price already broken through the support.
Price broke through the support since June 10th and then consolidating around it for 3 weeks. The last 2 day candle indicates selling pressure by the form of candles which looks like bearish pinbar / shooting star candle.
Also keep in mind AUD now in pressure because they gonna start with another lockdown which will give pressure to their currency.
Sell AUDNZD 1.0620
Stop loss 1.0680
Take profit 1 @1.0560
Take profit 2 @1.0500
good luck
AUD/NZD approaching key support line💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really apricate any likes and follows, that would help grow this channel.
We made some nice pips with this pair last week. Now price again is at the same support line and if rejected we are going to look for Long positions.
Let us know what you think about this idea.
Trade safe !
AUDNZD H1 SHORT PRICE ACTION FORECAST Price action is finding a rejection after the expected re-test from the ascending trendline allows the setup of a short entry. Although the price has been trading into a consolidation pattern from a higher time frame at H1, it has formed HL & LL
The order:
Type: sell-stop
S/L: 21 pips - R:R | 1:2 -
T/P: aiming towards the previous support level
AUDNZD H1 SHORT PRICE ACTION FORECAST A bearish continuation is expected with the pair trading within a flag formation and bouncing from the resistance trend line. A short entry to capture the coming downtrend momentum could be taken
The order:
Type: sell-stop
S/L: 18 pips - R:R | 1:2 -
T/P: aiming at the key support trendline
We might see AUD/NZD going higher.💡Hello traders,
I will really apricate any likes and follows, that would help grow this channel.
AUD/NZD has been trading above this horizontal support line for quite some time now and we expect price to bounce higher once again.
Let us know what you think about this idea.
Trade safe !
AUDNZD - SELLThis pair is a bit of a mess.. we can see that price broke support and was pushed back up a little by the buyers.. the sellers forced price to break support so its safe to say we are setting up for a sell
I am waiting for confirmation before jumping in as price could float about before dropping
AUDNZD - SELL
SL - 1.07165
TP - 1.04209
AUDNZD LONGBased on my analysis, I anticipate price to bounce off the trendline to trade within the ascending channel and head upwards.
I've already entered the trade at 1.06400 right after completion of the retest on the 1H chart.
Risk reward ratio: 1:7.9 (Swing trade)
SL: 1.06147 (-36.2 pip ris)
TP1: 1.07467
TP2: 1.08210
TP3: 1.08816
TP4: 1.09368
Let me know what your thoughts or analysis are on this pair.
AUDNZD, SELL on Daily- 1.0885-1.0850 is a strong resistance zone. price already showed rejection from the resistance zone. "Bearish pinbar" on weekly chart is our confirmation for sell.
- If it breaks below 1.0645 level which is recent support then, our sell target would be 1.0350
- Price may again retest the resistance before falling.
AUDNZD NEW ANALYSIS!Hi Traders, here is the full Update Analysis / Breakdown for AUDNZD.
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AUDNZD short term bearish;can retest 1.0540 level AUDNZD has reached to the top of the channel and needs a retest of 1.0540
I am short term bearish as it is under negative divergence with a bounce lower from the critical resistance.
The first level to the downside is 1.06650 followed by 1.0540
Please note that it is a short term bearish idea which will be invalidated if the price breaks above the resistance at the top of the channel
around 1.0880 - 1.0900