AUDNZD trade planWhen we look at the chart we can see that the price broke out of the resistance zone. This could be a good chance for us to go long on this pair.
I am looking to go long on the opening of the London tomorrow if the price is still in the range that it is in now. I won't go long with the Sunday opening because I first want to see how the price reacts.
Please let me know in the comments what you think of the idea and feel free to share your idea for this pair also.
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Audnzdlong
AUDNZD (H4): Great LONG Opportunity on the MAIN RESISTANCE ZONEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
The AUDNZD is giving us a great long opportunity! Before to continue reading the details and description, I highly suggest you to have a quick look on my AUDNZD Daily Technical Analysis to understand the reasons I believe the market is getting an upcoming new uptrend.
You could check it out clicking the link here below:
Let's focus on the area that interests us:
As we can see, the price is in consolidation after the trend correction, it's now bouncing up and down between the two S/R levels.
The EMA 50 is still showing us a possible uptrend and it's actually rejecting the price!
Should you open a trade right now? My answer is NOT YET! I'd wait a better confirmation, you'll get a great opportunity once the price will break the resistance area.
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
AUDNZD (Daily): Retesting the MAIN TRENDLINE SUPPORTHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since the half of August the market has been following a strong descending channel, breaking and retesting an important weekly dynamic trendline support.
At the beginning of December the price got a clear trend correction perfectly matching with the 0.50% of Fibonacci Retracement.
The price reached and is actually retesting the main resistance area, the price action around this zone will be necessary to understand and confirm the next market's movement!
CONCLUSION:
The price bounced on the main dynamic trendline support just few days ago and I believe in a new uptrend after few days of consolidation.
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
AUDNZD Downward Momentum Slowing DownAs we can see, BEARISH momentum have slowed down for now as we start seeing movement at the upper side of the ichimoku cloud. There was great consolidation in the cloud before yesterday's candle close. This give us a BULLISH opportunity to the resistance zone (red zone). That is also where I will expect a price rejection followed by BEARISH movement.
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AUDNZD bounced from first support, potential for further rise!Price is holding above the ascending trendline, and has just bounced from our first support at 1.06277, which is in line with our 161.8% Fibonacci extension and horizontal swing low support. It could potentially rise further to our first resistance at 1.06663, in line with our 61.8% Fibonacci extension, 61.8% Fibonacci retracement and horizontal swing high resistance. It is also worth noting that the RSI has just bounced from the support level at 42.78.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDNZD - Buy opportunity seems almost readyThe market hasn't over so many opportunities at the moment a that is worth to trade in my opinion. Lately, .. the market has just gone very corrective that has last for several weeks startingin early Novermber. Nevertheless, AUDNZD pair is still something to keep our eyes on, in my opinion.
This pair has reach the daily double bottom area (inflection point) while forming a corrective descending structure (Falling Wedge like). The price even pierced through that area..
What interesting is, when the price pierced through it, it quickly gone back up in a impulsive manner. Its usually a signal from the market that the bearish move is just a fake move to catch people on the wrong side of the market.
In addition, after this rejection the market has now forming what appear to like a bullish continuation flag pattern on H4 TF. This is enough sign for me that the market want to continue to the upside if it breaks this bullish flag.
I set a stop order entry on the break of this bullish flag structure, with sl below the flag. 1st target is 1.06800 with the break above that opening the potential of the price go to 1.07500 and even 1.10500.
Lets see how will this pair develop. Good Luck..
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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AUDNZD Super Bullish Trade SetupAUDNZD made a bullish reversal after the completion of an ending diagonal pattern. The impulsive rally has made a two swing high, the i-ii, (1)-(2) wave structure.
The completion of wave (2) correction which unfolded as a double zigzag, terminated at 61.8 Fib, and enclosed within a parallel channel indicated that the price action might have found a bottom in the short term.
According to Elliot Wave theory, once a correction is completed the market resumes in the direction of the impulse. In AUDNZD's case, we should anticipate a strong rally in the third of a third wave.
Trade Plan
1. Entry at green levels
2. Stop loss at the red level
Do you want to learn how to uncover such setups by yourself? Shoot me a DM.
Regards,
Veejahbee.
AUDNZD - Falling wedgeWhen a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, price may breakout above the upper trend line.
When price breaks the upper trend line the security is expected to reverse and trend higher.
Dear traders are looking for an entry point into the long
AUDNZD, 4r tf, buy descending trendline breaoutHello my friends,
Another setup for next week is AUDNZD pairs.
As you can see this pairs was bearish since August until Novemer but last week, it is moving in a sideways direction.
Looks like sellers want to push it down but buyers won't let it happen.
This 1.0500 area has served as a key turning point for this pair.
I think we could see price rotate higher next week because price already broken above the desceding trendline.
Notice also that we got some bullish price action candles at this 1.0500 support.
Buy AUDNZD 1.0510
Stop loss 1.0480
Take profit 1.0585 (2.5R)
RR Ratio 1 : 2.5
Use only 1-2% risk
Good luck
AUD/NZD BUY SIGNALHey tradomaniacs,
welcome to another free setup!
AUD/NZD: Daytrade-Execution
Market-Buy-Order: 1,05420
Stop-Loss: 1,05140
Target 1: 1,05690
Target 2: 1,05900
Target 3: 1,06260
Stop-Loss: 27 pips
Risk: 0,5%
Risk-Reward: 3,13
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Peace and good trades
Irasor
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