7 Dimension Sell Idea For AUDNZD Core Analysis Method: Smart Money Concepts
😇7 Dimension Analysis
Market: At monthly rejection or supply zone
Time Frame: H4
1: Swing Structure: From the monthly zone, the market formed a CHOCH with inducement, giving a corrective swing move as the 1st pullback mitigated the extreme wick OB and swept liquidity at the Premier zone.
🟢 Entry Model: ABCD
2: Pattern
🟢 CHART PATTERNS:
Reversal: Consolidation rectangle at supply level. Shakeout reversal Wyckoff method.
🟢 CANDLE PATTERNS:
Long wick: Hammer or hanging man but at the wrong place indicates a reversal. Momentum: Strict engulfing at the highest candle.
3: Volume:
Observed a very large selling volume on July 11th while the price was making new highs. This volume can be considered selling volume or profit-taking volume. Based on this volume, there is a very high chance that the price will go down.
4: Momentum RSI
🟢 Bullish to sideways zone with a proper range shift and multiple bearish divergences at the top indicate a sudden loss of momentum. Based on this, there is a high chance the price will go down.
5: Volatility Bollinger Bands
🟢 Contraction has started; the price might range for some sessions. After this, expect a lower band squeeze breakout and continuation to lower "walking on the band" condition. Here, a BB M pattern is also forming and a band puncher at the highest candle.
6: Strength: Everything is neutral yet.
7: Sentiment: Sell
✔️ Entry Time Frame: 15m
✅ Entry TF Structure: Bearish
✔ Entry Time POI: Mitigated
☑️ Trend line breakout: Yes
💡 Decision: Sell Limit
🚀 Entry: 1.1111
✋ Stop Loss: 1.1133
🎯 Take Profit: 1.1020
😊 Risk to Reward Ratio: 4 RR
🕛 Expected Duration: 10 days
SUMMARY: Analysis supports a strong sell position based on the Smart Money Concepts methodology, with expected bearish momentum and high potential reward.
Audnzdshort
AUDUSD two scenarios trading**Monthly Chart**
AUDUSD monthly chart shows that it is moving within a range from June 2023 high of 0.68996 and Oct 2023 low of 0.62700 levels. The previous month's candle closed as bullish indecision after testing the Imbalance Price Action candle (or FVG) of Jan 2024. This month's candle (still active), moved higher to test the range of IPA once more and sold off at around 0.68000 which has provided a high probability trading setup with low risk to move lower on lower time frames (ie. Daily and 4H).
I am interested to see how this month (July 2024) will close which provides an indicative direction on AUDUSD next movements from a technical view point.
**Weekly Chart**
Last week's candle closed as a bearish IPA suggesting the next trajectory to be lower at least to reach the lower target at around 0.646600 level. However, there is also an upside bias for AUDUSD to move higher to sweep liquidity at 0.68000 and then move towards a monthly high at around 0.69000 levels. As the price ranges on the weekly chart, it has two opposite scenarios (ie. Buy and Sell) at certain levels on lower time frames.
**Daily Chart**
Last week AUDUSD continued it’s move to the downside after it bounced from the key level at 0.68000 (round number). The move was aggressively bearish which indicates a continuation of the downward momentum at least to reach the 0.63500 level
I have marked the two expected scenarios in the chart for reference.
AUDNZD - Opportunity for a long trade !!Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I expect price to make a retracement to fill that huge imbalance lower and then to reject from bullish order block + institutional big figure 1.10000.
Fundamental news: Upcoming week on Wednesday (GMT+3) we have news on NZD, we will see results of CPI and on Thursday (GMT+3) we have Unemployment Rate on AUD, news with high impact on currency.
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AUNZD I Impulse correction phase Welcome back! Let me know your thoughts in the comments!
** AUDNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDNZD - Downside move !! Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here can see that price filled the imbalance and rejected from bearish order block, as well we have hidden divergence on daily and regular divergence on H4, so I expect to see bearish price action.
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AudNzd shortA short trade signal for AUD/NZD suggests that the Australian dollar is expected to weaken against the New Zealand dollar.
From a fundamental perspective, weaker economic data from Australia compared to New Zealand, a more dovish stance by the Reserve Bank of Australia compared to the Reserve Bank of New Zealand, and lower commodity prices impacting Australia's economy can all contribute to the bearish outlook. These combined factors indicate a higher likelihood of the AUD depreciating against the NZD, supporting the short trade signal.
AUDNZD …. ready to continue short? … the week of 24 June, 2024As you can see on my D1 chart, this pair was in a bearish trend until 05 June but then it starting retracing. The recent 2 days we have seen a doji followed by what could be a shooting star. These indecision candles are printing at the 50% retracement level that is also a significant s/r area around 1.08740. All these provide confluence to this bearish setup.
We could possibly see a small retracement on Monday either to 1.086 or the s/r area. As long as the high of the next candle is below the high of Fri candle and closes below its low there is a high probability of a bearish continuation. Possible targets are indicated on my chart. Aggressive traders can take action sooner than conservative traders who may want to wait for Monday candle to close.
This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management if/when you trade.
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AUDNZD - Long from bullish order block !!Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental news: Upcoming week on Wednesday we will see result of CPI on AUD, news with high impact on currency.
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AUDNZD Technical Analysis and Trade Idea👉 In our analysis, we direct our attention to the higher time frame charts for the AUDNZD. Presently, these charts signal a bullish outlook. However, we note that the price has entered a significant resistance zone. Furthermore, the market appears to be overextended. In the accompanying video, we delve into a potential retracement and a trade concept based on the Fibonacci retracement levels (specifically, the 50% to 61.8% range). It’s crucial to understand that this assessment remains speculative and does not constitute a definitive prediction. To validate a genuine reversal, diligent monitoring of specific price movements is imperative. The video provides an in-depth analysis of the trend, market structure, and price action. Always keep in mind that trading carries substantial risk, so prioritize robust risk management strategies in your decision-making process. 📊✅
AUD/NZD +230 Pips 0 Drawdown , Did You Enter With Me ?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 | Short H4 | Market Exe | Trade-Related TradeTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H1 & H4 time-frame
- Price action is close to a Supply Zone (Blue Area) & has Resistance Trendlines around
- Aiming for the 38.2% Fibo retracement to TP
Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.
Suggested Trade:
Entry @ Area of Interest 1.0970 - 1.1010
SL @ 1.1060
TP 1 @ 1.0920 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.0838
Risk-to-Reward @ Approx. 2.04 (Depending on Entry Level)
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AUD/NZD: Double Trouble - Resistance & Fibonacci Signal BearishAUD/NZD has been confined within a well-defined bearish channel for a considerable period. This indicates a downtrend with a series of lower highs and lower lows. The price has recently reached a key resistance level that coincides with a significant Fibonacci retracement zone between 0.5 and 0.618. This confluence of technical factors suggests a high probability of a bearish breakout.
Key Observations:
Bearish Channel: Price action is clearly trapped within a descending channel, highlighting the ongoing downtrend.
Resistance & Fibonacci Convergence: The current price zone near 1.095450 aligns with both a key resistance level and a critical Fibonacci retracement area (0.5 to 0.618). This confluence strengthens the bearish bias.
Strong Bearish Momentum: Price action at this resistance level exhibits strong bearish momentum, suggesting a potential rejection and continuation of the downtrend.
Trading Recommendation:
Based on the technical observations, a short position on AUD/NZD appears favorable. However, proper risk management is crucial.
Entry: A short position can be initiated on a confirmed break below the channel's lower trendline or a strong bearish candlestick reversal pattern at the current resistance level.
Stop Loss (SL): A stop loss can be placed above the recent swing high or the upper trendline of the bearish channel, depending on your risk tolerance.
Take Profit (TP): Potential take-profit targets can be identified based on Fibonacci extension levels or the measured move of the preceding bearish leg within the channel.
Risk Management:
Remember, always adhere to proper risk management principles. Ensure your stop loss is strategically placed to limit potential losses, and take profit targets should be established based on your risk-reward ratio.
Disclaimer:
This analysis is for informational purposes only and should not be considered as investment advice. Always conduct your own research and due diligence before making any trading decisions.
AUDNZD:Bearish now, will NZD bounce back? OANDA:AUDNZD
In coming weeks, we can see NZD bouncing back strong, AUDNZD remained bullish, however after looking at the behaviour of how price moved, we expect bears to engulf the trend. Please use accurate risk management to be successful in the market.
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AUD/NZD +50 Pips , New Entry Valid To Who Missed First One !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.
AUD/NZD Giving An Amazing Bearish P.A , Time To Sell It ?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 - Buy opportunity ✅Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect price to go a little bit lower to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.10000.
Fundamental news: Tomorrow (GMT+3) we will see result of Cash Rate on AUD, news with high impact on currency.
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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.
Will We SELL Off Again @ 1.105 ??This pair has been stuck in a range between 1.105 & 1.055 for nearly 2 years and has just broke out of the short term resistance @1.095
The next logical move now is for the pair to test the top of the 2 year range above 1.10 and as it does this is where I will be looking for SELL setups.
The daily chart below gives you a clearer picture of the 2 year range and also shows you (red arrows) the 2 attempts made last year to break above 1.105 both ended up in a heavy reaction and price dropping back down to the bottom of the range.
If you zoom out the Monthly charts (image below) you can see the AUDNZD has been stuck in a longer term range between 1.14 -1.02.
This could indicate that buyers may look to push up through the 1.105 level though the Monthly chart above shows that this level has always been a hard nut to crack and there always seems to be a reaction here.
This is what I fully expect to occur I will look for short term SELL setups first looking to target the previous resistance @ 1.085 for profit taking.
This is a very basic range trading setup and would be invalidated if we get a weekly or monthly close above 1.105 as if this occurs a move up to 1.14 is highly likely.
Let me know what you think in the comment section below