AUD/NZD bullish outlook Daily1.05 - key resistance level
Bullish outcome:
1. Daily close above level 1.05 - targeting levels 1.056, 1.063 and 1.078 above it.
2. Close above 1.05 - go to 1.056, then bounce back off 1.05 and up again to 1.063 and possible above it.
3. Bounce of around 1.045 and then close above 1.05
Alternatively bearish daily candle closing below 1.045 and open the way to 1.036 (78.6% Fibs)
Audnzdforecast
AUDNZD W OR M ?! WE HAVE TO LOOK HOW THE PRICE WILL MOVE INSIDE THE ZONE THAT IT IS NOW AND WILL LOOK FOR BREAK OUT !
MOST % HAS TO GO DOWN BECAUSE IN 1D CHART HAS FORMED A BIG DOUBLE TOP AND THE RESISTANCE @ 1.07300 IS TOO STRONG TO BREAK RIGHT NOW SO I PUTTED 1 SELL ORDER @1.05600 AND TP@1.03600 AND ONE BUY LIMIT @1.07700 AND TP@1.09200
TRADE WITH A PLAN GUYS AND WITH CARE !
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 .
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