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Audnzdsell

AUDNZD...SELL (119 PIPS)With a RR of 1:4, i'm looking for a perfect short on AUDNZD. technically, AUDNZD is currently in a bearish market. Looking at previous high from 16th Jan's Asian session, AN fell from the top and bounced back getting to the end of the week. On the Day TF, you could see AUDNZD retraced from thursday's low and retested the 61.8% fibo mark. You could clearly state that, AUDNZD is currently trading in my region zone ( REd Box region)...... NB: I SEE A POTENTIAL 500 PIP SELL, but going out on its first short!!!!
Short
by DAdepa
SELL Trade Triggerd Moving As Expected :)As per my previous post I explained to you that we would likely see a move above 1.09 area where we had a newly formed Weekly SUPPLY/SELL zone from the current move down. This area has got respected and as per my previous post I would take a position if my TRFX indicator give a higher time frame signal we got that on the 8hr chart around 1.092 and the position is moving nicely. How I will manage this position will be once price reaches 1.08 I will cut 50% of my position and move my STOP LOSS down towards the entry price maybe a little above it. And contine to trail the position down towards the 1.04 area bottom of the MONTHLY range lets see how we go :) Check the related post to understand the reasons behind the position
Short
by TheFxAce
3
Time To SELL ? Nearly time to SELL this pair it has passed my 1.08 target from my previous BUY trade hitting the target now I will look to SELL as we approach 1.09 and above. You can see on the Weekly charts there is a nice SUPPY/SELL zone located here also at a nice resisatnce area before so this will be a really good level for shorting the market on the correct signal. I will wait for my TRFX indicator to give me a SELL signal on the HTF charts then enter a sell trade stop loss will depend on where the signal occured target will be down towards the bottom of the Monthlly range below 1.04.
Short
by TheFxAce
3
20 Reasons for sell AUDNZD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: an extreme multiyear bear trend has been established since 1983 2 📆Monthly: multi years consolidation phase or range bond market but nor structure id broke within range 3 📅Weekly: a bullish pattern formatted with a monthly range 4 🕛Daily: a strong bullish change of character now a retracement excepted 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart: change in guard kicker narrow range candle at bottom break upside with a big candle 7: 3 Volume: good buy volumes 8: 4 Momentum UNCONVENTIONAL Rsi: super bullish zone range shifted a retracement or range shift support also needed at 40 level/prices made a bullish divergence at the bottom also a bullish sign 9: 5 Volatility measure Bollinger bands: middle band support /up volatile side zone /daily and weekly also supports on it zone 10: 6 Strength ADX: over a; on sideways but bullish DMis gaining strength right now 11: 7 Sentiment ROC: Aud rate is stronger then Nzd ✔️ Entry Time Frame: H4 12: Entry TF Structure: bearish 13: entry move: corrective 14: Support resistance base: upper side resistance weekly discount area 15: FIB: trigger event occurred ☑️ final comments: sell for the retracement 16: 💡decision: sell 17: 🚀Entry: 1.08250 18: ✋Stop losel: 1.08810 19: 🎯Take profit: 1.6560 20: 😊Risk to reward Ratio: 1:3 🕛 Excepted Duration : 3 days
Short
by Optimum369
[TRADE CLOSED] Nearly 800pips Banked On This One...!!We have been in this position since September after going short at the top of a long term MONTLY range above 1.135 was when the entry signal occured and was the are explained we would like to see an enttry signal occur. This happened and as explained in the intial trade post the potential for this position to fall back down into the HUGE MONTHLY range turning into a monster setup was easily on the cards this is what has happened. We are fast approaching the end of the year so have closed the position just above 1.06 nearly 800 pips banked on this position read the related post to uunderstand how
by TheFxAce
7
20 Reason for sell AUDNZD 🤑TOP DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: since 1983 to till date AudNad always bear, and same as the current situation is also bearish even though the 12-month candle is still in the bear phase after tapping multiyear FVG Monthly: Between 1.1490 to 9990, a strong multi years consolidation zone and price took a rejection at an upper level last month, and prices went down Weekly: Price going down perpendicular to a record session count also occurred, so there is a high chance to make a correction or retracement move now 1 Structure analysis time frame: D1 a clear downtrend completed last Impulse Move and filled target correction is excepted toward last daily FVG or Extreme Ob A reversal candle also appeared at the bottom 2 target time frame: Daily Correction Move Or counter trend target is about 1.0853 3 Current Move: Corrective 4 Entry Time Frame: H4 4.1 Entry TF Structure: bullish 4.2 entry move: Impulse 5 Support resistance base: H4 Orderblock 6 FIB: trigger event Occurs 7-candle Pattern: Liquidity Sweep 8 Chart Pattern: lower high, Higher high, Bullish 9 Volume: Execution volume at the bottom 10 Momentum UNCONVENTIONAL Rsi: bearish super bearish 11 Volatility measure Bollinger bands: Bearish 12-strength ADX: Bearish 13 Sentiment ROC: AUD is stronger than NzD based on the Rate of change 14 final comments: Wait for retracement 1.0850 area round figure 15: Decision: Once the correction is done, we will short somewhere 1.0853 or 1.0885 areas 16 Entry: 1.0855 17 Stop losel: 1.0870 18 Take profit: 1.0690 19 Risk to reward Ratio: 1:9 Excepted Duration : 4 days
Short
by Optimum369
2