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Audnzdsell

AUDNZD Daily EntryHi traders, Spotted a very beautiful setup on the daily AUDNZD chart. Here's the deal: The price trended up nicely with gorgeous swings, respected the 20-period moving average (20 SMA), made a double top (showing trend weakness) and broke with a strong bearish momentum the 20 SMA and the flipzone (= Support and Resistance area). The Friday close allows me to enter on Monday market open as long there is no huge gap or anything similar. 2nd green rectangle shows the first trouble area where price might reverse again - it is up to you if you take your profits there or let it run. I am aiming for the bottom rectangle which, in my eyes, represents a stronger trouble area. As always, stay patient and keep a strong money and risk management as even the best setups tend to fail. Happy next week :)
Short
by FromForkToFingers
Short Setup on AUDNZD?Hey guys, lately this pair had a huge increase in value, and that's due to AUD strenghtening over the last period. But this doesn't mean we can't look for shorting opportunities if they come. In this case we have an oversold condition on RSI at a structure daily level along with 618 retracement of the bigger daily leg. The conditions for a retracement are there, and i call it a retracement because i think this is definitely continuing in his upward direction overall. So be aware of it and play it safely. I'm waiting for a confirmation on this timeframe or the hourly. I'm going to update you in case of entries. Feel free to comment below, for any questions or ideas to share. Otherwise, see you in the next chart!
Short
by Roker1
AUDNZD Short Analysis - Daily Timeframe AUDNZD has been in a downtrend over the past several days. The initial short trade was triggered by the bearish pin-bar that was unable to close past the highlighted area of support and resistance. Since then, price has gone forcefully down until yesterday where it formed a Bullish candle with long wicks in both directions. This candle formed in a previous area of support/resistance that last occurred in 01/10/17 to 01/23/17. Price has today broken down past this area of support, signalling for me a continuation of the downtrend. My Stop Loss is a few pips above the most recent resistance area at 1.05635 and my targets are throughout the next area of support and resistance, with the final extended target at the horizontal key level I have drawn where price last reversed on 01/31/17. Target 1: 1.04500 T2: 1.04050 T3: 1.03500
Short
by ImreSG
AUDNZD testing major support, remain bullishBuy above 1.0491. Stop loss at 1.0430. Take profit at 1.0606. Reason for the trading strategy (technically): We look to buy above major support at 1.0491 (Fibonacci retracement, Fibonacci extension, long term horizontal support, bullish divergence) for a push up to at least 1.0606 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing strong support above 1.9% and has also made a recent bullish exit signalling that a change in momentum is starting to take shape for our bullish rise in price. We also see recent bullish divergence signalling that a bounce is impending.
Long
by MEX_Exchange
#AUDNZD setting up for long?AUDNZD has been relatively bullish and AUD/NZD has been beaten down Going long here because there are a confluence of 4 factors as follows: Confluence of: 1) Stalling at 78.6 Fib 2) Oversold on 1hr, 4hr and daily time frames 3) Trend Line support (trend line from Sep 2016) 4) Also 1.0470 area has held ad horizontal sup Normally I would like to see a price action confirmation i.e a bullish 1hr or 4hr candle, but risk/reward here is very good. I am long here at 1.0470/1.0475 with stops below low of the day means risking 20/30 pips. If wrong AUDNZD could fall as far as 1.0325 PS; I don't consider AUDNZD bullish at this stage but the set up and RW ratio makes this trade worth taking for me
Long
by sussexforex
AUDNZD Perfect Short opprotunity and Analysis Two scenerio conform our view on Audnzd ,,,, First ,,he made elliotwave pattern and now in elliotwave corrective move B to C,,,C corrective move complete at 1.0700 ,,,, 2ND ,,,he maade ABCD Pattern ,,,From top 1.1000 to 1.800 and then according to bc retracement ,pair going to 1.0700 level........nzdusd also bullish ,,,,sell from 1.0950 and tp 1 is 1.0800 and tp 2 1.0700 Also Show shooting star in Daily candle on 78.6 fibo level ,, that also conform the bearish trend in Audnzd ,,, Also audnzd breaking trendline on 30min chart Prefer to sell from 1.0950 and tp1 is 1.0800 and tp2 is 1.0700 Good luck
Short
by KhanBaba786
3
Double Top in a Trend Continuation TradeHi guys, here on AUDNZD price has recently created new structure low. Besides, there's no structure looking left until 1,0750. That's why i want to get involved in this trend continuation trade. As you can see, price is now coming back to retest previous support, which once broken could become resistance, and it's having some troubles getting beyond that. Actually, the second failed test tells us we may see some continuation on the downside. However, i'm going to wait for the close of the candle and then decide whether to enter or not. There's also a nice flag pattern that could be used as a reason for entry (if you're more conservative) I'll keep you updated. If you want to share your thoughts or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1