Audnzdforecast
AUD/NZD Now At Key HTF Level Time to Start SELLING???Today I have got a fantastic R/R SELL trade on the AUD/NZD for both short term and for holding long term.
We are now approaching again the top of a long term Monthly and Weekly range on the AUDNZD going back nearly 7 years. Also looking at the Monthly chart price has been rallying straight up to this area for 12 straight months/candles without much of a breather..
Looking at the Daily chart we can clearly see resistance building up here around the 1.12 area with the sideways movement and the MACD trending lower creating divergences even though price is popping up and down between 1.10 - 1.12.
From what I see here all evidence is pointing to a strong break down coming very soon. As we are clearly we are at an important Monthly and Weekly resistance level and have entered a Distribution period on the Daily charts after a long rally in price.
Long term idea is to start positioning myself into a Selling position to hold long term as can easily go all the way back down to the bottom of the range. Stop will be well above 1.13 and a clean break and close above the weekly/monthly range will invalidate the trade.
Short term Daytrading idea is simply to enter the market now @ 1.116 with stop loss above 1.12 and take profit @ 1.10.
Both the short term and long term idea have great R/R.
Hope you enjoyed today's analysis
AUDNZD is preparing for drop to monthly support!AUDNZD has formed a head & shoulder on the resistance after breakout and retest. In the big picture, AUDNZD is likely to drop to at least to monthly 38.1% fib level as the market is over-extended to the upside. Upon price action confirmation, a sell trade is highly probable.
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AUDNZD is in possible sell zone!!AUDNZD (4H) has opened with a gap in MT4 with strong rejection to the downside. In bigger picture, AUDNZD is likely to come for a deeper retracement to the downside to monthly 31.8% fib level. As the price tested this previous support as resistance on the lower timefrme, it is highly likely that AUDNZD will continue to drop
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AUDNZD is in sell zone!!AUDNZD has formed a double top on the resistance of the local down trend. The price has already been tested the neckline of the double top, support as resistance, and has formed double Doji on the 4H. High probability that the price will drop based on 4H candle close confirmation.
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AUD Pairs top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDNZD is in possible sell zone!!AUDNZD(4H) has formed a head and shoulder on the 4h and has changed uptrend to downtrend and has broken down. At this point, the price is likely to test the support ( Neckline of the head & shoulder ) as resistance and possible rejection are expected. A sell opportunity may arises on the restest of this support as resistance.
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AUDNZD: A down wave will be coming soon...Hey Traders, FX:AUDNZD is almost ready for a down wave. Wait for market to give you reaction and look for sell setups, it's a medium term trade.
We can see a 100 pips move minimum and if we get a correction, another drop will be coming to break previous lows as well.
P.S. Do not think that market cannot go higher, wait for your sell setups before you jump in.
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What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
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AUDNZD possible reversal, updatedHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDNZD possible short for 1.09901.1170 resistance area of June 2022. 27th July price retested the high of last month. 28th daily key reversal bar formed dictation for weakness ahead. supply zone 1.1140-45. may short cmp with half risk while use remaining half by supply zone. stop loss 1.1190. target 1.0990 while 1.1035 preliminary support before take profit level.
AUDNZD Where to sell?AUDNZD ( 4H) has formed a head shoulder on this important level of resistance that has broken down. Based on monthly, AUDNZD is over-extended to the upside and it is a very high probability that it will come for a deeper retracement on the higher time frame means, trend change in the lower timeframe. A selling opportunity on the retest of the neckline of the head & shoulder.
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Audnzd sell setup.This setup on the break and retest of the ascending trend line has a 50/50 chance of playing out right or being an absorption of liquidity before up move.
I either lose 1R or make 3.2R which might be 4.3R if scale-in goes well on a 50/50 probability..... Worth the risk.
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AUDNZD, bearish price action.Hi Traders,
Looking at the HTF, we can see that the price is completing an the right shoulder of a H&S pattern along with a Double Top to give us bearish confluence. On the LTF price is correctively moving towards the top of the channel for a sell opportunity.
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Trade Safe!
⁉️ EURCAD - Market AnalysisHello traders!
⁉️This is my analysis on AUDNZD.
Here we can see how price took out buy side liquidity and rejected from institutional figure 1.11000. Now I expect the continuation of the retracement and I am looking for a long if the price fills the imbalances and rejects from bullish orderblock + institutional figure 1.10000.
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