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Audnzdlong

AUDNZD - FOREX - 22. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Bearish market open and price action. 4 HOUR Very bearish market scenario with several breaks to the downside. DAILY Bearish waving market at its support now, expecting some bullish pressure now! - FOREX SETUP BUY AUDNZD ENTRY @ 1.03880 SL @ 1.03540 (35 Pips) TP @ 1.04460 (60 Pips) RR: 1.70 Use 1% risk per Position! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
29
Elliot Wave Setup Put AUDNZD Bears under PressureAUDNZD bears have been stuck in a consolidation structure for the past three months after a sharp bullish rally that peaked at 1.07301 level on April 17, 2019. The sideways bearish move indicates that the market is in a corrective phase and sooner or later, the bulls will take over and break out the bearish barriers. Fortunately, a very notable corrective price pattern is in play that is preparing us for the anticipated rally. The pattern is called a triple zigzag or flag pattern; it has a place in both Elliott Wave analysis and conventional technical analysis. The Elliot Wave chart below shows what the market has in store for AUDNZD. As visible from the chart above, AUDNZD’s advance from March 25 to April 17 took the shape of five-wave Elliot wave impulse pattern. It is labeled (i)-(ii)-(iii)-(iv)-(v). Elliott Wave Setup AUDNZD for a Notable Reversal According to the Wave Principle, a three-wave correction in the opposite direction follows every impulse. This is true for AUDNZD, as the bearish move that follows the rally has been unfolding as an Elliot wave triple zigzag pattern, which is almost complete. It’s labeled (w)-(x)-(y)-(x)-(z). The theory states that once the 5-3 wave cycle is complete, the price heads in the direction of the five-wave sequence. That’s once the wave (z) complete the corrective pattern in play within the blue box on the chart, a bullish rally is expected to resume in wave ((c)). Wave ((c))’s targets lie above the end of wave ((a)) which makes an advance up to 1.07277 plausible. Did you like this analysis? Let me know in the comment. Thanks Veejahbee.
Long
by Veejahbee
2
AUDNZD long?Kept my eye closely on this pair since last year since the price was creeping towards it’s LOWEST levels. Managed to catch ALL the moves over the space of 3-6months Flash crash at the start of the year, leading to the divergence with an impulsive move to zone (1.070), which is our TP. Since then, it’s following a descending channel (flag) which is a continuation price action pattern. \u2028A bullish wave is expected from resistance turned support @ mirror level 1.4150, which is where our SL will be set. Trade invalidated if it breaks this zone. SCENARIO: SL: 1.4150 TP1: 1.070 TP2: OPEN TARGET: 130 - 500 pips ESTIMATED TIME: 7-25 days
Education
by Suz_A4002