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
Audnzdforecast
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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Keep this pair on your watch-list.
Conditions -
1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change )
2.Use Risk Management (Risk 1% of your capital)
3.Do your Own analysis!
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5.Always Be reactive & Not Predictive !
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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