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Audnzdlongsetup

#AUDNZD 1DAYAUDNZD Daily Trade Overview Trade Setup: Buy AUDNZD Entry Point: 1.08100 Target Levels: -Target 1: 1.10200 -Target 2: 1.11200 Description: The AUDNZD pair presents a favorable buying opportunity on the daily chart. A buy entry is suggested at 1.08100, where the current technical analysis indicates potential for upward movement. This entry level is supported by recent price trends and a generally bullish outlook for the Australian Dollar relative to the New Zealand Dollar. Target Levels: 1.Primary Target (1.10200): This level serves as an initial profit-taking point. It reflects previous resistance and is a logical point for partial exit or to secure gains if the price moves in our favor. 2.Secondary Target (1.11200): This is a higher target for those looking to capitalize on a more extended uptrend. It aligns with longer-term resistance levels and broader market trends. Strategy: Entry:Pl ace a buy order at 1.08100, observing price action around this level. Stop-Loss: Implement a stop-loss order to manage risk and protect against unexpected price reversals. Position it below recent support to allow for normal market fluctuations. Monitoring: Continuously monitor market conditions, economic news, and price action for any signs that might affect the trade's performance. Adjust targets and stop-loss orders as necessary based on evolving market dynamics. Summary: This trade setup offers a potential opportunity to capitalize on an anticipated rise in AUDNZD. The outlined targets provide strategic exit points for profit-taking, while appropriate risk management will help mitigate potential losses..
Long
by PIPSFIGHTER
AUDNZD Trading Plan - 3/Apr/2023Hello Traders, Hope you all are doing good!! I expect AUDNZD to go Up after finishing 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
AUDNZD/UgakingDAILY and WEEKLY MARKET ANALYSIS 1. Trend Brearsh A. Month- Down *Fibo rec level 38.2- Touch* next target Lower Low 0.685$ B. Weekly- Up trend/Mounty by retracement *repair movement/ out- The underlying movement is always bearish /0.685$/ C. Daily analysis increase in price up trend/2-7 days/ HL / market update is brearish warning guys RISK to reward * * * Oil jumps 4% to 5-week high lifted by OPEC+ output cut 2.Support ZONE -Break in? But we are all market /BUY/ Next LH+HH * Trend change - Time out 2022.11.16/
by Uga2022
AUDNZD - LONGAUDNZD is setting up for a long. The double bottom is at 1.043 area. The 1.272 reversal of the last swing higher is in the same area. As of now the market is just above the double bottom and having reached an area of reversal with three confluences. 1. A 1.618 reversal taken from the low on 27/05 to the high 21/06 (red) 2. Market has reached a measured move lower (blue) 3. Market has hit a 1272 reversal of last swing (white) A long trade now would mean a SL below the double bottom 02/12.
Long
by enzenator
AUDNZD Super Bullish Trade SetupAUDNZD made a bullish reversal after the completion of an ending diagonal pattern. The impulsive rally has made a two swing high, the i-ii, (1)-(2) wave structure. The completion of wave (2) correction which unfolded as a double zigzag, terminated at 61.8 Fib, and enclosed within a parallel channel indicated that the price action might have found a bottom in the short term. According to Elliot Wave theory, once a correction is completed the market resumes in the direction of the impulse. In AUDNZD's case, we should anticipate a strong rally in the third of a third wave. Trade Plan 1. Entry at green levels 2. Stop loss at the red level Do you want to learn how to uncover such setups by yourself? Shoot me a DM. Regards, Veejahbee.
Long
by Veejahbee
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
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
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