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Audnzdlong

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
Long Position: Australian Dollar is go up in the demand zone!!!In this analysis that was pending, we see a strenghten of Australian Dollar/ New Zealand Dollar. In Daily timeframe we see a clear bulls are go back to the demand zone and this is so positie for bulls, becuase bulls are trying with success that bears don't slump the price. The trend is clear bullish!!! In the H4 timeframe, in the Sunday's yesterday when Forex was open up, there would been a manipulation of the market, and then, this analsyis enfocous in the H4 timeframe show how the short position will been liquidated yesterday if you put any short position, because I was said you in the past week that we need to hope a confirmation, it's very natural to seeing a manipulation of the market, but for that we need to mark my own strategy based of supply/demand. I put a buy order limit at $1.0826 with a SL at 35 pips and my take profti it's 180 pips, we could see a huge potential of this par within on this week. For tomorrow, we have the meeting of the Bank of New Zealand about the interes rate, and today we have the Rate Statement of the New Zealand's Central Bank. I dont have a much data of New Zealand's news, because this par is so move for supply and demand, and do you know, this par there's not present specualte news on Forex, becuase Australain Dollar, New Zealand Dollar, Canadian Dollar and Swiss Franc, these currencies don't represent speculate news as US Dollar, Euro or Sterling Pound, these major currencies on the world it's moved with a lot fundamentals and sometimes based in technical analysis.
Long
by harisonhbn9718