Audnzdlong
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
AUDNZD - Double BottomFX:AUDNZD has already broke the trend line and now consolidating at the neckline-zone of previous head and shoulders pattern.
It is a long trade with a good risk to reward ratio.
Trade Details:
Entry at or Below: 1.6172
Stop Loss 1.05
Target: 1.08
pls share your view in comments.
Happy trading :)
AUD/NZD 1DAY SET UP POSSIBLE BREAK OUT????Hi TRADERS this is my trade set up for the AUD/NZD for the new week ahead
Looking at the daily chart we can see it combusting moving sideways, I am looking for a breakout either way and possible retest of the break out before placing a trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
AUD/NZD Ready to Long!Hello Traders
AUD/NZD aiming for a long rally.
Here is why:
-Price bounced twice from big support structure and retraced(fib:0.236) last weave.
-Bullish Bat Pattern has been completed.
-RSI downward Trendline is broken.
-We can see same Bullish engulfing patterns.
-Broken downward Trendlines.
Thanks for Reading
Team Fortuna
-RC
LONG: AUDNZDfrom what i can see AUDNZD is currently on accumulation phase this trade maybe ready from october as buying pressure may emerge at the beginning of new month , we will have a clear view at end of the month which we will allow us to have clear understading if selling pressure is exhausted or not.