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Audnzdsetup

AUDNZD - Harmonic Pattern - Bearish Momentum ExpectedAUDNZD is currently forming a Harmonic Pattern (XABCD) on the chart. The pattern indicates a potential reversal of the current trend, with Point D marking the completion of the pattern. Based on this formation, we anticipate a Bearish trend momentum to follow from Point D. Entry and Stop Loss: Entry: 1.09480 Stop Loss: 1.09850 Take Profit Targets: TP-1: 1.09100 TP-2: 1.08745 TP-3: 1.08370 Rationale: The entry point of 1.09480 aligns with the anticipated reversal from Point D of the Harmonic Pattern. The stop loss at 1.09850 is set to mitigate potential losses in case the market moves against the expected bearish momentum. For take-profit targets, TP-1 at 1.09100, TP-2 at 1.08745, and TP-3 at 1.08370 are strategically placed to capture potential downward movements in the market, considering key support levels and Fibonacci retracement levels. Risk Management: It is crucial to adhere to proper risk management principles while trading this setup. Position sizing should be adjusted to ensure that potential losses are within acceptable limits relative to the trading account size. Conclusion: Based on the analysis of the Harmonic Pattern and associated entry and exit points, we anticipate a Bearish trend momentum in AUDNZD from Point D. Traders should monitor the price action closely and execute the trade according to their risk tolerance and trading strategy.
Short
by trading_jupiter
2
Capturing Opportunity: Short Trade Setup on AUDNZDOverview: AUDNZD has exhibited a notable rejection at a significant resistance zone, confluently aligning with the 4-hour trendline. This presents a compelling opportunity for a potential short-trade setup. Entry Point: Considering the observed rejection and alignment with the 4-hour trendline, an entry point at 1.09150 is recommended. This level reflects a strategic position to capitalize on the anticipated downward movement. Stop Loss: To manage risk effectively, a stop loss should be placed at 1.09490. This level provides a buffer against potential adverse price movements while allowing for sufficient room for market fluctuations. Take Profit Targets: Two take profit targets are identified: - TP-1: Set at 1.08797, representing the initial profit-taking level. This level aligns with the anticipated downward momentum and serves as a conservative exit point. - TP-2: Positioned at 1.08450, reflecting a deeper target for maximizing profit potential. This level accounts for further downside potential based on the prevailing market dynamics. Conclusion: In conclusion, the technical analysis suggests a favorable short trade opportunity for AUDNZD, with an entry point at 1.09150, stop loss at 1.09490, and profit targets set at 1.08797 and 1.08450 respectively. Traders should monitor price action closely and adhere to risk management principles throughout the trade execution process.
Short
by trading_jupiter
AUDNZD:🔴Is it Bearish...?!🔴 Well, as you can see, the price took the liquidity and hit the important higher time frame resistant, so we expect a bearish move. Also, we can see the price generated a lot of sell-side liquidity that can be defined as targets. Now, the price has created a bearish FVG, we can enter a sell position in this zone, but as always we need LTF confirmation. 💡Wait for the update! 🗓️28/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
3
AUDNZD Will Fall✅ AUDNZD started falling well from the 🔴 Resistance zone(1.0712 NZD-1.0686 NZD) 🔴 and the Resistance line and was able to break the Uptrend line . 🌊Regarding Elliott wave theory , it seems that AUDNZD finished wave 4 at the🔴 Resistance zone(1.0712 NZD-1.0686 NZD) 🔴 and is completing wave 5 . 💡The important point is that AUDNZD has lost the Support line and Ascending Channel , which can be a sign of further decline . 🔔I expect the AUDNZD to continue falling and at least break to the 🟢 Support zone(1.055 NZD-1.046 NZD) 🟢. Australian Dollar/New Zealand Dollar ( AUDNZD ), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
9
AUDNZD Trading Plan - 18/Feb/2024Hello Traders, Hope you all are doing good!! I expect AUDNZD to go Up after completing 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
3
7 Dimension Analysis For AUDNZD 🕛 TOPDOWN - Navigating a Bullish Market with Long-Term Potential Overview: This pair has been consolidating for about a decade, showcasing substantial volume in the yearly chart. Despite the extended consolidation, heavy volume indicates significant player involvement, suggesting an expected upside move. The monthly trend is establishing itself for a prolonged bullish trajectory, currently forming a base accumulation zone. The weekly chart shows a triangle formation, and a breakout will be pivotal for determining the broader trend. All signs currently point towards a bullish bias, making this pair attractive for both short and long-term positions. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bullish to sideways with Bull-side potential 🟢 Structure Behavior: ChOch and Point of Interest (POI) already mitigated with liquidity sweep. 🟢 Swing Move: Initial Impulsive 🟢 Inducement: Completed for the bull side, establishing a valid low. 🟢 1st Pull Back: Made a 50% correction with an Inside Bar candle, validating the pullback. Internal structure appears bullish to sideways with mitigated oversold conditions. 🟢 Demand/Accumulation Areas: Respected by the price. Trendlines are marked, awaiting a breakout. 2️⃣ Pattern 🟢 CHART PATTERNS No specific chart patterns identified in the current leg. 🟢 CANDLE PATTERNS Key Observations: Change in guard with an engulfing candle at the demand area, signaling potential sideways movement. Multiple instances of long wicks at the demand area, indicating bullish sentiment. Momentum candles exhibit substantial size, signaling significant bullish momentum. Various bullish candlestick patterns, including kicker sash, inside candles, and open lows, reinforce the bullish sentiment. 3️⃣ Volume: Significant buy volumes at the demand area, suggesting strong bullish control. Positive insights from volume during corrections. 4️⃣ Momentum RSI: 🟢 Momentum State: In a full sideways zone. Momentum shifted rapidly from super bearish to super bullish, indicating a substantial change in momentum. Bullish divergence supports the bullish outlook. 5️⃣ Volatility Bollinger Bands: 🟢 Prices play around the middle band, anticipating a significant move. Squeeze has begun, indicating a potential volatility compression. A breakout outside the upper band is expected. 6️⃣ Strength - ROC Values: Almost equal strength at the current point. ✔️ Entry Time Frame: Daily ✅ Entry TF Structure: Sideways to bullish ☑️ Current Move: Bullish impulsive ✔ Support Base: 20 MA ☑️ Candles Behavior: Major bullish candlestick patterns have formed. ☑️ Trend Line Breakout: Awaiting confirmation. ☑️ Final Comments: Enter for a long position once the price breaks the upper trend line. 💡 Decision: Go for a long position. 🚀 Entry: 1.0900 ✋ Stop Loss: 1.0750 🎯 Take Profit: 1.1426 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:3.5 🕛 Expected Duration: 30 days SUMMARY: The analysis maintains a bullish perspective, emphasizing potential long-term opportunities. The strategy involves entering a long position upon the breakout of the upper trendline, aligning with the broader bullish outlook. Considerations include the diverse bullish candlestick patterns and the anticipation of a significant move as signaled by the Bollinger Bands' squeeze.
Long
by Optimum369
1
AUDNZD Technical Analysis And Trade IdeaIn this video, we perform an exhaustive analysis of the AUDNZD currency pair, delving into the current upward momentum evident in both the daily (1D) and weekly (1W) timeframes. Notably, AUDNZD has encountered a significant resistance level, hinting at the potential for an upcoming retracement. Throughout our discussion, we will explore the intricacies of technical analysis, offering valuable insights into effective forex trading strategies. It is of paramount importance to underscore that the information presented in this content is strictly intended for educational purposes and should not be regarded as financial advice. Engaging in the currency market involves inherent risks, underscoring the necessity of implementing robust risk management techniques within your trading plan.
Short
by tradingwithanthony
AUDNZD Technical Analysis And Trade IdeaIn this video, we provide an extensive analysis of the AUDNZD currency pair, with a primary focus on the dominant bullish price swing observed on the daily (1D) timeframe. Notably, AUDNZD has reached a critical resistance level at the upper boundary of the current price range. Within the video discussion, we delve deep into various facets of technical analysis, encompassing aspects such as the prevailing trend, price movement dynamics, market structure, and other fundamental elements crucial to technical analysis. As we progress further into the video, we explore a potential trading opportunity in greater detail. It's essential to emphasize that the information presented in this video is intended solely for educational purposes and should not be misconstrued as financial advice. It is imperative to recognize that engaging in forex trading involves a significant level of risk. Therefore, it is absolutely vital to prudently integrate risk management strategies into your trading plan.
Short
by tradingwithanthony
2
AUDUSD Technical Analysis and Trade Idea Asian SessionIn this video, we offer an extensive analysis of AUDNZD, focusing primarily on the prevalent bullish price swing observed on the 1D timeframe. Notably, AUDNZD has reached into a critical resistance level at the hiugh of the current range. Our discussion in the video delves into key aspects of technical analysis, encompassing, but not restricted to, the present trend, the dynamics of price movement, market structure, and various other fundamental components of technical analysis. As we progress through the latter part of the video, we delve deeper into a potential trade opportunity. It's crucial to underscore that the information presented here serves exclusively for educational purposes and should not be misconstrued as financial counsel. It's imperative to acknowledge that participating in currency market trading carries a significant level of risk. Consequently, it is absolutely essential to prudently incorporate risk management strategies into your trading plan.
Short
by tradingwithanthony
5
AUDNZD Technical analysis and Trade Idea Asian OpenIn this comprehensive analysis, we delve into the AUDNZD currency pair's recent price action as it approaches a critical daily and weekly resistance level into the Asian open. Our analysis is meticulous, spanning various timeframes, starting from the weekly down to the 5m five-minute chart. Within the video, we provide an in-depth explanation of our trading strategy and meticulously examine a prospective trading opportunity. It is paramount to emphasize that the content within this video is intended strictly for educational purposes. It should not, under any circumstances, be interpreted as financial advice or counsel.
Short
by tradingwithanthony