Audnzdshort
AUDNZD forecast we have a lot happen after the CPI news last week
one of the effect of the CPI is the liquidity grab on AUDNZD
I was actually thinking my selling opportunity on Auzie NZD has been destroyed, until I checked it today.
I noticed that we've just created a new liquidity for my supply zone which I was looking to sell before the news.
my expectation is to see price grab the liquidity and mitigate our supply for us to go short on Auzie NZD.
AUDNZD is preparing for drop to monthly support!AUDNZD has formed a head & shoulder on the resistance after breakout and retest. In the big picture, AUDNZD is likely to drop to at least to monthly 38.1% fib level as the market is over-extended to the upside. Upon price action confirmation, a sell trade is highly probable.
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AUDNZD is in possible sell zone!!AUDNZD (4H) has opened with a gap in MT4 with strong rejection to the downside. In bigger picture, AUDNZD is likely to come for a deeper retracement to the downside to monthly 31.8% fib level. As the price tested this previous support as resistance on the lower timefrme, it is highly likely that AUDNZD will continue to drop
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AUDNZD short trade potential presents 📉My second alert of the afternoon comes on AUDNZD.
Reversal trade identified and entered.
Working 30M timeframe.
Trade details can be found on the chart in red label.
Trade box is tracking the trade.
Fancy knowing how I identified this trade you know what to do.
Thanks for looking
Darren🙌
AUDNZD is in sell zone!!AUDNZD has formed a double top on the resistance of the local down trend. The price has already been tested the neckline of the double top, support as resistance, and has formed double Doji on the 4H. High probability that the price will drop based on 4H candle close confirmation.
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AUDNZD is in possible sell zone!!AUDNZD(4H) has formed a head and shoulder on the 4h and has changed uptrend to downtrend and has broken down. At this point, the price is likely to test the support ( Neckline of the head & shoulder ) as resistance and possible rejection are expected. A sell opportunity may arises on the restest of this support as resistance.
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SHORT AUDNZD on Daily ChartEntered a short position on AUDNZD after eyeballing test, retest, and rejection of price around the 1.11750 area. Price is currently trading below the weekly pivot, however it has been ranging into this asymmetrical triangle pattern. The system I traditionally follow did not print an EWT (Entry-with-trigger), but I am getting some divergence along with CCI overbought action, though normally I would not trade off of either without confirmation.
AUDNZD short scalp trade is live 🙌AUDNZD alert has presented.
Reversal trade identified and entered.
This scalp trade is live and running.
Working 15M timeframe.
Trade details can be found on the chart in red label.
Trade box is tracking the trade.
Fancy knowing how I identified this trade you know what to do.
Thanks for looking
Darren🙌
AUDNZD Where to sell?AUDNZD ( 4H) has formed a head shoulder on this important level of resistance that has broken down. Based on monthly, AUDNZD is over-extended to the upside and it is a very high probability that it will come for a deeper retracement on the higher time frame means, trend change in the lower timeframe. A selling opportunity on the retest of the neckline of the head & shoulder.
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Audnzd sell setup.This setup on the break and retest of the ascending trend line has a 50/50 chance of playing out right or being an absorption of liquidity before up move.
I either lose 1R or make 3.2R which might be 4.3R if scale-in goes well on a 50/50 probability..... Worth the risk.
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AUDNZD, bearish price action.Hi Traders,
Looking at the HTF, we can see that the price is completing an the right shoulder of a H&S pattern along with a Double Top to give us bearish confluence. On the LTF price is correctively moving towards the top of the channel for a sell opportunity.
Thanks
Trade Safe!
AUD/NZD in profit trade idea updateAUD/NZD Fundamental, Technical, and Signal ( NZD fundamentals and events, click link )
*AUD events will be the drivers during trade.
AUD Previous Important Economic Events:
- Consumer Confidence and Confidence Change ( Both actuals below forecast and previous supporting consumers low enthusiasm to spend in the future. )
- Business Confidence ( Below forecast and previous supporting businesses expectations of higher earnings )
- Unemployment Rate ( Lower than forecast and previous. Employment increase due to higher cost of living outweighing income, credit and savings accounts )
AUD Upcoming Important Economic Events:
- S&P Global Manufacturing and Services PMI Flash ( Manufacturing Forecast 56—.2 lower than previous — Services Forecast 52.3—.3 lower than previous. )
- Year over Year Inflation Rate ( Forecast 6.2%, 1.1% higher than previous. )
- Quarter over Quarter inflation rate ( 1.8%, .3% lower than previous. Short term inflation is cooling )
- Month over Month Retail Sales ( .9% previous )
- Quarter over Quarter PPI ( 1.6% previous )
Sentiment: Neutral
- Consumers and businesses are losing faith in spending and growth ( both result from higher prices for goods and services. Depleting credit, checking, savings accounts and income resources causing consumers to apply for jobs to earn additional income increasing AUD employment numbers. The RBA addressing inflation with hawkish interest rate hikes, lowering short term QoQ Inflation rates.
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Technical Analysis ( Click link for more signals )