aud/nzd short - wait break and retesthi traders,
await break of head and shoulder neckline and retest, followed by engulfing candle for confirmation.
1:2.5 RRR
Audnzdshort
AUDNZD downtrend setupprice direction: DOWNTREND
potential target price: 1.0568
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
AUDNZD Set-up Idea SELLHi,
had some time to look at the charts today, strong support and resistance zone coming up looking for some nice reversal candles something that can tell us that a sell off is coming, the analysis i have shown is daily down to 4 hour, overall trend is down so could be a nice break and retest coming here
sell for test of old resistancesell setting up for aud nzd expect a tes of high then drop for a test at daily old res/bottom of trend line
AUDNZD SellAUDNZD Sell
AB = CD pattern
Trend line analysis+ support and resistance, the price is in an overbought condition
Same trading tactics TP1 and move stop loss to break even.
The price can goes beyond the TP2
Trade at your own risk.
AUDNZD - 30m and 4H bearish bias.-As mentioned in the previous analysis, 4H rejected the 1.05630, Looking for the move from LH to at least a Low or a LowerLow.
-30m is still making it's move from our new LL to LH. will see which scenario will play out and update accordingly.
AUD/NZD: When is the time to sell? ⏱Hello traders,
TECHNICALS:
The pair reached multi-month lows and continued to trade in a healthy downtrend, although the current fall looks somewhat overextended. Selling volume is rising, but institutional players haven't had the opportunity to square up their books just yet, which is why I expect a pullback to the liquidity zone.
POSITIONING:
Short positioning is reaching extreme levels in leveraged money in NZD, increasing the risk of a short-squeeze. Leveraged money remains bullish on AUD, but the net long positioning has been falling with the latest CoT report.
CORRELATIONS:
AU and NZ 2-year yield differentials point at further weakness, as well as AU/NZ stock indices. Chart here.
FUNDAMENTALS:
RBA Governor Lowe doesn't see rate hikes for the next three years. The Aussie dollar fell after the RBA meeting, but tensions with China, a major trading partner of Australia, is also hurting the currency.
UPCOMING ECONOMIC REPORTS:
RBA Gov Lowe speaks on Wednesday, 12:00 am London time. Expect some volatility here, ideally to the liquidity zone for a short position.
== SUMMARY ==
Waiting for a pullback to around 1.0550 before entering short, ideally supported by volume.
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AUD/NZD Technical Analysis
The counter has been on a selling spree for the last 3 months.
Now, it has broken down a critical support level of 1.05620 and retested it, validating the breakdown.
Hence, we expect the pair to weaken further from here.
AUD/NZD short. Trend continuationFX:AUDNZD trend continuation trade. The FX:AUDNZD has been making lower lows and in a downtrend for the past 3 months. The most recent breakout to the downside and now retest makes for a good entry. After 1R is hit (candle closes below line), move stop loss to break even. If 2R is hit, move SL to 1R and so on. If the first stop loss line is broken by a candle then close trade. Risking 2% of the account per each trade.
Make it happen, never quit.
MR
Short on Pullback-Respectable descending TL in confluence to the MA50 momentum
-0.618 fib retracement
-Previous support area now acting as resistance
AUDNZD is approaching resistance | 10 Nov 2020Price is approaching our key resistance in line with our descending trend line where we could see a reversal below this level.
AUDNZD - SWING - 09. NOVE. 2020Welcome to our weekly trade setup ( AUDNZD )!
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1 HOUR
Market about to turn bearish again..
4 HOUR
Break and closure below main sr level.
DAILY
Overall bearish market in a pullback, good short entries!
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FOREX SWING
SELL AUDNZD
ENTRY LEVEL @ 1.07130
SL @ 1.07520
TP @ 1.06200
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
📢AUD/NZD Short opportunityLiving In Australia myself I can see the Aud falling further due to many reason. Currently Chinese Ban on products. A good short opportunity has come. Lets jump in 💪👍💯
short short...long longwe might get a little movement to the downside before we move to the upside for a long period, i will be waiting for a clear reversal move on the horizontal line (support).....
have a great week guys....PINK
