AUDNZD short on 2h - Daily breakout or fakeout of trendline?AUDNZD short trade on the 2h with a breakout setup.
This one is a quite late one as the trigger bar closed during the night.
Entry was executed based on the 30m pullback back into the 2h breakout level, using stop placement as it would have been used on the 2h.
Target 2:1.
The future will tell us if the daily trendline break is just a fakeout. But that's part of the game, we cannot win them all.
Audnzdshort
AUD/ND New Short Setup To Catch 160 Pips !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 - SWING - 31. MAR. 2021Welcome to our weekly trade setup ( AUDNZD )!
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1 HOUR
Strong bearish reaction.
4 HOUR
Bullish market structure turning right now..
DAILY
Expecting more downside pressure and price action.
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FOREX SWING
SELL AUDNZD
ENTRY LEVEL @ 1.08800
SL @ 1.09300
TP @ 1.07990
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
AUDNZD looking bearish
The Aussie dollar registered a triple top from the daily candle domain, opening the Asian market under bears dominance after the RBA reported high unemployment levels and the economy operating below its capacity.
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RBA Royal Bank of Australia response Bearish - positive for RBNZRoyal Bank of New Zealand (Bullish)
The RBNZ, which predicts prices will rise 22% in the year through June,
is reinstating mortgage lending restrictions.
Royal Bank of Australia (Bearish)
- Australia's interest rates will stay low until 'at least 2024', RBA says
- Philip Lowe used a speech to a summit convened by the Australian Financial Review on Wednesday
to signal that the official cash rate will remain at
historic lows until “at least 2024” because there is
no prospect of wages growth hitting more than 3% before that time.
Royal Bank of Australia (RBA) is struggling to raise
interest rates and not seeing wage gains until 2024 for most employers.
No reason AUD/NZD should be so high correction to 1.03
AUDNZD SHORT4HR chart has presented a double top, moving through to the 1hr we have a triple test of the double top with price currently testing the 150EMA, also there the RSI is showing divergence. We could potentially see a move all the way down to 1.06500 over the next week if this analysis plays out.
AUDNZD DOUBLE TOP SETUP - TO SHORT TO 1.05430Right here is the M pattern, double top pattern in play. I expect price to short to 1.05430.
So if price break the support at 1.05430, I expect it to continue to short to 1.04300.
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