AUDNZD BuyMy opinion is that the market is in an uptrend and we're currently in a retracement where buyers have another opportunity to enter and exit the market for a TP. I have identified 2 places where you may wish to do a buy either at leg B OR you can decide to wait for market to go lower before buying in again at leg D.
My labelled zones are only a rough idea of where i think the market may touch. Decide on your own Entry & Exit.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Audnzdforecast
Aussie Still Reigning? AUD/NZD Ichimoku Long Trade SetupThis pair has been on a beautiful bullish run and we are looking to get into it if our confirmations hold. So far this pair has been holding above tenken sen so I am looking for a slight drop to buy with a stop less set right below that tenken sen line. This one is tight enough that I am not specifically looking for a support candle, just a small drop to get long. As an alternative we can always place a buy entry above this current candle, just be aware that it would give us a slightly worse risk to reward ratio. If price fails to hold support or break higher, this setup may become invalidated.
AUDNZD BUY OPPORTUNITY !!!! AUD NZD IS ABOUT TO PRESENT US WITH A LONG OPPORTUNITY!
Making the description simple - we have our daily resistance at 1.05355 that have rejected around 5 times from that zone. With that been said, a clean break of 1.05355 and retest would present us with a long opportunity!
Please, be patience and see the resistance turning support in order to place a long position!
Target 1.06215
All the best
Trading protection!!!
AUDNZD Broke key support. Downtrend in motionAUDNZD broke a key support level AND a key resistance level. Looks to be continuing the downtrend. The pair is up on the day. Waiting until the pair hits the previous resistance level to determine if it will be rejected or break through. If rejected, SL will be above resistance and slightly above trend line, and a move to the support level will be in play...
-StampsFX
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AUDNZD multiple trading opportunities with great reward.AUDNZD broke ascending trendline support and bounced off of what it looks like descending channel (pink lines) which means that there is very good chance that the price will try to reach the top of the descending channel. If this is the case then we have multiple opportunities to get involved in the bull run. The more conservative approach would be idea A) if the price comes back to test the low of the channel or B) if the price breaks the ascending trendline (purple line) and bounce off of it. In the short term we could trade short pullback to the descending channel following the A idea.