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Audnzdlong

More Momentum Ahead in NZD Forex Pairs?After scanning the FX crosses, I'm interested in pursuing trade setups on a few NZD crosses. The NZD crosses have had strong momentum. Until the weekly charts tell me this momentum is fading, I'm going to look to trade this strength. Essentially I'm looking for trade setups to trade into the PWL/PWH (depending on the cross). I need to see H4 levels respected to then confirm looking for a strong M15 displacement shift to base an entry from.
by Tradius_Trades
AUDNZD - Potential buy from trendline ✅Hello traders! ‼️ This is my perspective on AUDNZD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I wait price to continue the retracement and my point of interest for a long is if price rejects from trendline + S/R level. Fundamental news: Next week on Wednesday we have news on AUD, will be released yearly CPI, which has high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
AUDNZD - Opportunity for a long ✅Hello traders! ‼️ This is my perspective on AUDNZD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to continue the retracement to fill the imbalance and then to reject from bullish order block + trendline. Fundamental news: Upcoming week we have news with high impact on AUD, we will see results of Interest Rate on Tuesday. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
AUDNZD Long TradeMARKET PHASE OANDA:AUDNZD is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has now started it’s initial move up but due to the velocity of the upward move, it's gapped orders around 1.07524. Price is now retracing back to this level to meet the demand as we expected. Once price reaches this level, we can expect a strong push upwards in the direction of the larger trend. TRADE I will be entering long on OANDA:AUDNZD with the following parameters: Buy Limit: 1.07524 Stop Loss: 1.07344 Take Profit: 1.07884
Long
by Mankz
1
AUDNZD Sells still Active but struggling (Considering closing)As per my last analysis on AUDNZD - (www.tradingview.com) I am still actively holding this trade NOW, given the fact that audnzd just struggled to breach this most recent low (purple zone) and decided to pull back upward - made me consider closing but patience If however, it struggles again to breach this low I'd close in profit Why? it is simple really, price pushed up off of the (purple zone) and rejected the top side, if it rejected the top side it stands to reason that it went for liquidity from sellers higher - IF this was the case, shouldn't it have no problems going lower? If price struggles to breach this low (purple zone) this time around I'd be closing this trade Downvote\Don't boost if you didn't read this entire post and didn't try to understand OR Upvote\Boost if you did read this entire post and did try to understand
Short
by Brandon_evo4
AUDNZD Sells ActiveGood Morning guys, have this buy open on AUDNZD - it isn't the best trade and I don't really like trading this pair but there was a set up and I decided to give it a try Let me explain These are my confirmations\questions > Question 1 - Was AUDJNZD in momentum (bullish or bearish)? Yes, AUDNZD is in bearish Momentum currently Question 2 - Who is interested (at this time)? Sellers are interested at this time Question 3 - Where are their stop losses? Stop losses would have been right Above the highlighted levels (orange circles) & below the orange horizontal line (break out sellers) Question 4 - Have those stop losses been taken out? Yes I believe Stop losses have been taken out already on AUDJPY (Red X) Question 5 - Does the set up make sense for me to pursue? Yes I believe it makes sense for me to pursue this trade given the information I have As I am typing this the trade remains open at a 1:0.7 Risk Reward Ratio and I am noticing price is stumbling about this area currently (wondering if I should close it) That being said however you will realize over to the left (green circles, green lines) that there would be some buyers below this area and based on the momentum it makes sense to me for price to driven to below this area so I think I should hold it, let's see I have many more confirmations I look for, this is just to simplify it so that I can quickly explain to you the reader Downvote\Don't boost if you didn't read this post and didn't try to understand OR Upvote\Boost if you did read this post and did try to understand *Why don't I show my lot size?* *How much money I make is no where near as important as HOW I took the trade*
Short
by Brandon_evo4
AUDNZD Trading Plan - 18/Feb/2024Hello Traders, Hope you all are doing good!! I expect AUDNZD to go Up after completing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
3
AUDNZD | Hidden Bullish Divergence | AB=CDAUDNZD chart currently shows the formation of AB=CD patterns , indicating a Potential Reversal Zone (PRZ). Additionally, there is a hidden bullish divergence, confirming a bullish trend. Both indicators collectively suggest that the trend has shifted to an uptrend. In technical analysis, an AB=CD pattern is a harmonic pattern used to identify potential reversal zones where the price might change direction. The completion of this pattern at the PRZ suggests an area where traders might anticipate a shift in the prevailing trend. The hidden bullish divergence further supports the notion of an uptrend. This occurs when the price forms higher lows, while the corresponding indicator (such as the Relative Strength Index or RSI) shows lower lows, indicating underlying strength in the bullish momentum. Taken together, the presence of AB=CD patterns and the hidden bullish divergence provides a stronger indication of a shift to an uptrend in the AUDNZD chart. Nevertheless, traders should conduct a thorough analysis and consider other factors before making trading decisions, as market conditions can change, and relying on multiple indicators enhances decision-making accuracy. On the 1-hour time frame , there is a hidden bullish divergence, and an Inverse Head & Shoulders pattern has formed, both indicating a potential reversal. Additionally, according to Dow Theory, the market is printing new higher highs (HH) and higher lows (HL). A hidden bullish divergence occurs when the price forms higher lows, but the corresponding indicator (such as the Relative Strength Index or RSI) shows lower lows. This signals underlying strength in the upward momentum. The Inverse Head & Shoulders pattern is a bullish reversal pattern characterized by three lows, where the middle low (head) is lower than the two outer lows (shoulders). Its formation suggests a shift from a bearish to a bullish trend. According to Dow Theory, a bullish trend is confirmed when the market prints new higher highs and higher lows. This aligns with the idea that, in an uptrend, each successive high and low should be higher than the previous ones. In summary, the confluence of a hidden bullish divergence, an Inverse Head & Shoulders pattern, and adherence to Dow Theory principles collectively suggest a strong indication of a potential bullish reversal on the 1-hour time frame. However, it's crucial to consider other factors and perform comprehensive analysis before making trading decisions.
Long
by awaisulabdeen
11
AUDNZD I Potential correction and continuation Welcome back! Let me know your thoughts in the comments! ** AUDNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
1
AUDNZD: Bullish Leg continuation?From a technical point of view, the FX:AUDUSD pair is very interesting and attractive, especially on a lower time frame. If we look at 1H chart we see that the pair completed 12345 bearish impulse structure (or part of corrective structure) and subsequently triggered reaction from wave 5. From our point of view, it should be correct to try to take a long position on pullback with Target 1 around to 1,078. Trade with care Like | Share | Comment
Long
by TheAnonymousBanker
2
AUD/NZD BUY📈 Market Analysis: AUDNZD BUY 📊 Technical Analysis: AUDNZD has reached the bottom (higher low) area of the symmetrical triangle in the daily timeframe chart. Additionally, the pair has touched the lower trend line of the descending channel on the 4-hour time frame. 📉 Expectations: We anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. These are long-term positions, so ensure you have sufficient margin to manage market fluctuations. Utilize proper risk management in line with your account size. 🚦 Trading Rules: 1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading. 2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert. 3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity. 📣 Like and Share for More Insights!
Long
by Pro-Trading-Africa
AUD/USD Consolidates Around 0.6600 Ahead of US NFP DataAUD/USD is trading within a narrow range around the 0.6600 level in the Asian trading session on Friday. Concerns about China's economic outlook and the temporary pause in the US Dollar's decline have restrained this currency pair ahead of the highly significant US NFP data. In Australia, October trade data failed to support the Australian Dollar (AUD). The trade surplus decreased to 7.129 million in October from the previous reading of 6.184 million, falling below the market estimate of 7.500 million. Furthermore, China's November import data has raised concerns about an economic slowdown in the world's second-largest economy. Optimistic data and new concerns about China's economy could convince the Reserve Bank of Australia (RBA) to cut interest rates in 2024, potentially pushing the AUD lower. Next, market participants will closely monitor the US Non-Farm Payrolls (NFP) report, scheduled for release later on Friday. Additionally, the Unemployment Rate, Average Hourly Earnings, and the University of Michigan Consumer Sentiment Index will be published. These events could cause market volatility and provide clearer direction for the AUD/USD pair.
by Larissa-Trader