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Audnzdlong

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.. __________________________________________________________________________________________________________________________________________________________________ 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. __________________________________________________________________________________________________________________________________________________________________
Long
by moa_trading_journal
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.
Long
by 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
Long
by Yuriy_Bishko
8
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
Long
by HayatoDragonFX