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Audnzdlong

AUDNZD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price faced rejection at monthly resistance level and dropped to complete W formation. Price should move upward now. W > Price dropped beyond neck of W formation with and next week showed reversal with bullish candle. D > We can see formation of inverse H & S and expect price to rise after we see completion of neck. As per COT AUD saw closure of major Long and addition of few Short positions, reducing net positions, N-R saw closure of both Long and Short positions and Commercials saw addition of Long and closure of Short. AXY was weak for the said week however it improved its position last week. NZD saw addition of few Long and more Short reducing net positions, confirming weakness of NZD for the said week. ZXY fell improved its position last week. 4H > We can see price making LL, if price makes a LH we will get bullish confirmation. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Long
by AP17FX
AUDNZD- BUY- OCTOBER 11 AUDNZD is looking good for a buy. Hoping we can get a rejection between 1.08300 - 1.08400. Our first target will be 1.09300 which coincides with the -27 fib ratio. PLEASE LIKE THIS IDEA *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice.
Long
by Jhenz
AUDNZD Inverted Head & Shoulder Pattern Favor BullsThe AUDNZD 4hr chart above shows a classic inverted H&S pattern. Price also broke out of the long-term parallel channel and support & resistance level. Price has the potential to retest the broken neckline as support and resumes a strong impulse move in wave (3) of iii. Entry Criteria: Buy from or below the current market price and put stop loss at the red level. Wait for the breakout of the green line for conservative entry! Regards, Veejahbee.
Long
by Veejahbee
2
AUDNZD : Insane Analysis, don't loose 400 pips profit!Chart Description : 1. a major ascending channel which price is in the lower part of it. 2. a very strong resistance which price touched it recently and tried for breakout and failed till now. 3. a minor descending channel which you can have a better view of it in H4 time frame. Price recently reached the upper trend line of this channel. 4. 150 EMA which acts as support for the price base on history of price. We can use 100 MA too but EMA looks better. 5. RSI shows us a Trend line breakout , as you know RSI actually signal this event before it’s happening. 6. Most interesting thing in this chart is a Formed Bullish Flag which recently reached almost to 61.8% Fibbonacci retracement level of the flag pole. I did not include that retracement level in the chart. 7. a Fibonacci extension level of flag pole , flags usually reach 100% extension of the pole. So as you can see situation is not that easy to analyze but most of our insights signaling us a bullish move to upside of the Major ascending channel. This move confirms in one condition: Price breaks the resistance with a strong candle and after a pullback we can be sure its gonna go that high. If price broke the support below it we can consider another moves but it’s not that possible to happen. **Trading Plan** Entry point : long position confirms only if the price break the resistance and minor descending channel and close above them with a strong move , in this case we could wait for a pullback or not and just enter long. You could also enter after the price retests the support one more time , it has a less probability and better R/R ratio. Take Profit : bullish flag’s target is 100% extension of it’s pole but we have three key prices in our way to there. First we have 1.0000 which is a important psychological level, then we have last swing high which i prefer to call it our second tp and third one is a swing high in 2018. TP#1 : 1.0000 TP#2 : 1.1000 TP#3 : 1.11600 TP#4 : 1.12000 Stop Loss : stop level is determined based on your trading strategy and entry point but if everything goes well as I predict our stop should be below strong resistance level. Wait for further updates on this pair. This was Full analysis of AUDNZD , please like if you found this idea interesting and let me know if you have any questions , comments or observations. Let’s go and visit my last ideas, follow me for further ideas like this. Thank you.
Long
by mohsenfx
8
Aud/Nzd (Waiting To Buy)Im waiting for the 8 hour entry on my new mechanical system I told you about weeks ago. 1. Im watching hour 8 on Oanda Charts. If you dont have Hour 8 , try watching the daily chart and using the 5 and 10 WMA instead of EMA. 2. Im using the 5 and 10 EMA on H8 and Heiken Ashi Green Candles. When I see green candles on H8 , im looking for the 5 and 10 EMA crossover. 3. When I get this, im opening the buy. I will open it very small because I know that price could just keep ranging over and over and over again before finally making its move! Im expecting a wave up from here... my stop loss will be 75 to 100 pips and im trading at 0.01.
Long
by RlcTrading
AUDNZD RoadmapAUDNZD potentially to go up by +150 pips if the buyer manages to push the price to the 1.0930 resistance level, unconfirmed inverted H&S was formed and we need for the price to breakout the resistance level 1 before placing any buy order. **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
10
AUDNZD finally to shift out of descending TL?AUDNZD has been a weird pair. Ultimate trend down, but stuck in a range for 7 years already, and no breakout in view. For now, I do see it go long, and potentially trap buyers, but we remain neutral on that for now. Currently, I am eyeing an entry on H1, with the Corrective Pattern broken and potentially getting a retest now. Further confluences are as following: -H1 Structure -50%/61% fib retracement -Breakout of H1 Corrective Pattern -H4 bullish engulfing -Seasonal Prime iextremely Bullish Enter at your own risk and use proper risk management.
Long
by Faizxn_ah