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.
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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.
Audnzdsetup
20 Reasons for Buy AUDNZD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1.✨Eagle Eye: From 2013 to 2023, this market has been in a range-bound state with no clear direction. However, a closer look at the last four candles reveals a pattern of higher highs and higher low, indicating the presence of bullish corrective strength in the market.
2.📆Monthly: A bullish change of character has occurred, and this marks the fourth low in the current range. Based on historical data, there is a 68% chance that the market will move up.
3.📅Weekly: The picture in this time frame is much clearer now that the monthly time frame has been analyzed.
4.🕛Daily: After a deep inducement and a range-bound period, buyers have entered the market.
😇7 Dimension Analysis
🟢 Analysis Time Frame: D1
1 Price Structure: Bullish reversal after inducement.
2 Pattern Candle Chart: A big momentum candle is present.
3 Volume: There is massive volume at this range, but the price has not gone further down, indicating bullish sentiment. A big bullish candle also confirms this.
4 Momentum UNCONVENTIONAL Rsi: The RSI is sideways, but it made a massive support move at the last candle, indicating that bulls have entered the market.
5 Volatility measure Bollinger bands: The bands are squeezed, and we need to see a close outside of the band to confirm the bullish move.
6 Strength ADX: Currently sideways.
7 Sentiment ROC: No sentiment confirmation, both are equal.
✔️ Entry Time Frame: D1
12. Entry TF Structure: Bullish.
13 Entry Move: Impulsive.
14 Support Resistance Base: Daily FVG.
15 FIB: Trendline also broke, triggering a buying event.
☑️ Final Comments: Buy if today's high is broken.
16. 💡Decision: Long.
17 🚀Entry: 1.0820.
18 ✋Stop Loss: 1.0660.
19 🎯Take Profit: 1.2000.
20 😊Risk to Reward Ratio: 1:7.
🕛 Expected Duration: 60 days.
AUDNZD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDNZD Next Possible MovePair : AUDNZD ( Australian Dollar / New Zealand Dollar )
Description :
Bearish Channel in Long and Short Time Frame as an Corrective Pattern in Long Time Frame and Breakout the Upper Trend Line
Break of Structure
Impulse Correction Impulse
Rejecting from the Fibonacci Level - 61.80%
Divergence
Completed " ABC " Corrective Wave
Double Bottom
AUDNZD 1hr long entryHello guys,
Today we are going to take a long entry in this currency pair. This one is for retracement. If you look at this currency pair, the 1-hour chart has given a break down in the ascending triangular pattern. So, from here, there is a chance for this currency pair to go up. After that, there is a chance to start a downward direction. So take this trade carefully.
Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
AUDNZD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDNZD Next MovePair : AUDNZD ( Australian Dollar / New Zealand Dollar )
Description :
It is Following Elliot Waves Completed the " 12345 " Impulsive Wave and " A " Corrective Wave and will Complete its " B " Corrective Wave at Fibonacci Level - 61.80%
Break of Structure and Completed the Retracement
We have Impulse Correction Impulse
Divergence
Fibonacci
The Support can now React as the Resistance in Short
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
AUD/NZD Running In 230 Pips 0 Drawdown , New Entry Available NowThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUD/NZD Running In 120 Pips 0Drawdown From Last Analysis ,UpdateThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUD/NZD Finally Closed Below Broken Daily Up Trendline , Short ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDNZD - New expansion expected ✅Hello traders!
⁉️This is my analysis on AUDNZD .
Here we are in a bullish market structure, so I am looking only for longs. I have 2 points of interest here, first one price could reject from here (bullish orderblock) after filling the imbalance, or could go a little bit lower to fill another imbalance and reject from that bullish orderblock.
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AUDNZD may breakdown!!AUDNZD 4H, After the monthly close AUDNZD has been over-extended to the upside and the price started to drop as there is a probability of a deeper retracement. It is highly likely that AUDNZD will continue to drop and on the rejection of the previous support as resistance, A sell trade is highly probable.
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