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Audnzdforecast

AUDNZD...SELL (119 PIPS)With a RR of 1:4, i'm looking for a perfect short on AUDNZD. technically, AUDNZD is currently in a bearish market. Looking at previous high from 16th Jan's Asian session, AN fell from the top and bounced back getting to the end of the week. On the Day TF, you could see AUDNZD retraced from thursday's low and retested the 61.8% fibo mark. You could clearly state that, AUDNZD is currently trading in my region zone ( REd Box region)...... NB: I SEE A POTENTIAL 500 PIP SELL, but going out on its first short!!!!
Short
by DAdepa
20 Reasons for sell AUDNZD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: an extreme multiyear bear trend has been established since 1983 2 📆Monthly: multi years consolidation phase or range bond market but nor structure id broke within range 3 📅Weekly: a bullish pattern formatted with a monthly range 4 🕛Daily: a strong bullish change of character now a retracement excepted 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart: change in guard kicker narrow range candle at bottom break upside with a big candle 7: 3 Volume: good buy volumes 8: 4 Momentum UNCONVENTIONAL Rsi: super bullish zone range shifted a retracement or range shift support also needed at 40 level/prices made a bullish divergence at the bottom also a bullish sign 9: 5 Volatility measure Bollinger bands: middle band support /up volatile side zone /daily and weekly also supports on it zone 10: 6 Strength ADX: over a; on sideways but bullish DMis gaining strength right now 11: 7 Sentiment ROC: Aud rate is stronger then Nzd ✔️ Entry Time Frame: H4 12: Entry TF Structure: bearish 13: entry move: corrective 14: Support resistance base: upper side resistance weekly discount area 15: FIB: trigger event occurred ☑️ final comments: sell for the retracement 16: 💡decision: sell 17: 🚀Entry: 1.08250 18: ✋Stop losel: 1.08810 19: 🎯Take profit: 1.6560 20: 😊Risk to reward Ratio: 1:3 🕛 Excepted Duration : 3 days
Short
by Optimum369