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Audnzdlong

AUDNZD Bullish Channel AUDNZD is moving up nicely so far with in its new created channel, I believe this is still going higher and there is still money to be made here if you play it right. Buying low at the bottom of the channel can be a good idea if it holds, I have taking profits at the top of the channel and Im looking to reenter at the bottom, if it shows me a buy signal, one of the things I will look for is a increase in buying Volume at the bottom of the channel where it currently is. If it break down I'm still bullish but in the short term it might make a deeper retracement, AUDNZD if you look back at the past you will see that its very aggressive when going up so im expecting this to be no different. I hope you found this post valuable. Best of Luck With Your Trading.
Long
by ElyaStein
AUDNZD BUY OPPORTUNITYAUDNZD has a great chance to pop up much higher after confirmation of this 3 simple steps that the market is showing us right now. 1) Breakout of the Daily Channel 2) Bullish Candlestick formation 3) Strong Volume Bar (indicates more buying interest) with that said the market is communicating with us telling us that he is getting ready to break up higher, Why? from seeing the breakout the Bulls are telling us, look I had the strength to breakout with a strong full body candle pushing through the whole channel, and not only that but also see the volume of buyers that are coming in as well to support this move, basically we also see what other people are doing. with just this 3 simple confirmations we can get a pretty good idea what the market is doing next. if you still don't understand don't hesitate to comment or PM in private Happy & Easy Trading! P.S nothing what i said here is certain that its going to happen, this is only my projection based of my knowledge and experience in the market
Long
by ElyaStein
AUDNZD Long Swing Trade IdeaAUDNZD - Long ------------------------------------------------------------------------------------------------------- Posted this setup in May for a sell and TP got smashed without a doubt. Now we are looking for a buy after seeing compression into demand. We also see down trendline broken by that strong bullish impulse move last week. Buyer now have regained control. Looking to buy at 1.04129 SL : 30 pips TP: 1.07257 R:R Ratio of 1:5 Til we meet again beloved! ---------------------------------------------------------------------------------------------------------
Long
by ricky1270
1
AUD/NZD Broke Out of Channel With A Bullish Candle And Volume We have a interesting setup here on AUDNZD, what we have here is the daily came down to a previous support with a Double bottom, so now we know that we have to be looking only now for bullish reasons to buy unless its breaking down the support, if you take a look you can see that the market provided us with a nice bullish candlestick formation breaking out of the previous down channel with a increase in volume as you can see, besides all that we are at a pretty weekly low as well. So in conclusion what we have, 1) Full Body Bullish Candlestick Formation 2) Break Out Of The Channel 3) Increase In Volume 4) Double Bottom Support Now you have to make the decision if this gives you enough confidence to buy, don't just jump in out of FOMO, take a few minutes off to assess it for yourself and create a plan, be mindful when you enter the trade. Happy Trading!!
Long
by ElyaStein
AUDNZD LONG TRADE SETUP WITH KEY ENTRY & STOP LEVELWith regards to my previous post on AUDNZD, the price seems to has completed the flag pattern and a bullish rally should resume. There is also a weekly doji price action signal on the weekly chart which is suggesting indecision. However, since our bias is bullish it can serve as a buy signal. The trading plan here is very conservative as we're putting our stop loss at the major low that will invalidate the bullish scenario with a 1:3 Risk Reward. Safe Trading!
Long
by Veejahbee