Audnzdlong
Wed 2nd Mar 2022 AUD/NZD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/NZD Buy. You will notice that there are also two previous trades on, so this may get interesting. Enjoy the day all. Cheers. Jim
AUDNZD | Uptrend Continue ?AUDNZD is in a great bullish trend. Price have appreciated massively. Current price is approaching to important support zone (rising trendline). Two possible senarios are into play;
a) A good bullish sign on trendline from candlestick is enough to take long position from the said zone. The price will likely to break recent high.
b) Breaking of trendline will play senario 2. A clear break is needed to open short position and stoploss on recent high to enjoy the complete bearish rally.
Trade your levels accordingly.
Watch for SELL confirmation.Hi Traders,
AUDNZD is shaping up for a potential drop as we are moving within a LTF channel at the top of the HTF correction. We have a few good indications that a short may be possible, but only with clear bearish price action as our confirmation.
Don't rush entries yet as the price could continue to rise, be patient and ensure your rules are met.
What's your analysis ?
Click the like button if this has helped you, support more of these :)
AUDNZD: Asian Damage 🚨The Asian session wiped out all of the resistance sellers, they will be waking up sad this morning.
Since I waited for the liquidity grab, I can now consider sells if we get a pullback into the imbalance/supply with signs of rejection.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
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Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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AudNzd- 1.08 should provide a good selling opportunityAfter finding strong support at 1.03 at the end of November, AudNzd has started to rise and now is approaching 1.08 strong resistance.
AudNzd is usually a range pair and I expect retracement after reaching this zone
Bears can target 1.06 support for their trades