AUDNZD Is Ready for next Move.AUDNZD is in Down channel pattern were in the lower time frame we bet Rising wedge pattern we need to wait for break down the pattern so that we can take them as per the market move everything was mention on the chart.
Note one think the market can go further more upside till Down channel pattern resistance line there is really Big Stop loss but if market break downside then it will continue the trend.
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan
Audnzdsell
AUDNZD approaching resistance, look out for potential reversal!
AUDNZD is approaching its resistance at 1.04939 where it is could reverse down to its support at 1.04577.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
SELL SIGNAL ON AUDNZD As you can see, AUDNZD Has shown Bearish momentum and currently price is in a small retracement as i would see it to a critical point of resistance that i have marked with the grey horizontal line. From this point, price may continue a potential bearish move to our take profit point that i have marked with the green horizontal line.
Green line- Take profit
Grey line - Entry
Red line - Stop loss
Risk exposure - 1%
Risk to reward - 1:2
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AUDNZD - SWING - 08. MAY. 2019WELCOME TO DACAPITAL-TRADING!
AUDNZD FOREX BREAKDOWN 08 MAY 2019
1 HOUR
Strong H4 Candle Takeout and sellers stopout expecting some strong downside movement!
4 HOUR
Bullish market turning into bearish waves now, following the next move.
DAILY
Good short entrys with a good risk reward ratio.
SWING SETUP
SELL AUDNZD
ENTRY @ 1.06520
SL @ 1.07340
TP @ 1.04620
RR: 2.30
(Use normal Risk!)
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AUDNZD 170 pips short setup - 1:3 risk to rewardI'm not going to enter this trade until i see breakout of the support line. After breakout, i will wait for the pullback and will go short after i see the price-action.
This is a 1:3 risk-reward setup which means a bit risky one. I'm going to risk 2% of my account balance for this trade. There are some strong supports. I may close and re-enter but not sure yet.
Enter: 1.06785
SL: 1.07325 / 54 pips
TP1: 1.06160 / 62 pips
TP2: 1.05890 / 89 pips
TP3: 1.05095 / 169 pips
Note that this is not financial advice.
Trade safe,
Atilla
SELL AUDNZD ON 30MAnticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
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