Audnzdshort
AUDNZD SWING SHORT [MULTIPLE TIME-FRAME] (HEADS UP!!!)HEADS UP ON AUDNZD... READ FULL CONFLUENCE 👇
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I EXPECT A BULLISH MOVE FIRST BEFORE THE OVERALL BEARISH MOVEMENT.
** REASONS ARE, THE MARKET HAS BROKEN A STRONG TRENDLINE, SHIFTING FROM AN OVERALL BUYING MARKET TO A SELLING ONE.
** WE CAN CLEARLY SEE FROM A WEEKLY PERSPECTIVE THAT THE MARKET IS STUCK IN A RANGE
** IF IT GOES UP TO MY 78.6 FIB LEVEL TO RETEST THE SUPPLY ZONE, IT'LL BE CREATING WHAT SEEMS TO BE A DOUBLE TOP FORMATION, GIVING ME AN EXTRA CONFLUENCE FOR A BEARISH MOVE
** AS A SWING TRADER, I ALWAYS ADVICE MY STUDENTS TO USE PROPER RISK MANAGEMENT, TO WITHSTAND MARKET DRAWDOWNS, GOODLUCK.
AUDNZD BEARISH ANALYSISHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
AUDNZD short Trend is your Friend!
1. One Touch, Two Touch and Third Touch usually
completes a Trend.
2. EMA acting as Dynamic Resistance,
3. Markets has Bounce off our Golden Fib Zone,
Trend line an Psychological level @ 1.08400
where big institutions place orders and take
profit.
4. Waiting for 3 Eight hour candles to show signs
of rejection to place Sell order
5. I will be Selling at current Price Level
@ 1.08400
Safe SL @ 1.08600
80% Partial TP @ 1.07100
10% Partial TP @ 1.07000
Remaining Trade TP @ 1.06800
Only 5% risk will be take for this trade
AUD/NZD | Possible ShortAUD/NZD Sell
Resistance Levels: 0.07831, 1.08000, 1.08508
Support Levels: 1.07674, 1.07476, 1.07159, 1.6754
Possible Instant Sell:
Entry price: 1.07785
Stop: 0.08350
TP 1: 1.07159
TP 2: 0.06754
Good luck
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AUDNZD - Huge Sell OffI would like to see a small pullback followed by continued rejections before getting involved in a sell position. As you can see, price failed to hold above the daily resistance level and we have now closed below it and have broken the small ascending trendline. This could be signs that price is failing to push higher and that a significant sell-off is pending.
COT Data - 57% Long
WE COULD HAVE A SELL ON AUD/NZD!!Price failed to respect the 4hr trendline after hitter a major resistance level at 1.10000. Price is continuing downward in the counter-trendline. We see that price broke the 1.08250 level and is now in the process of retesting it. We are waiting for a pattern or candlestick formation to form to place our trade. Tp set at 1.07500 because there are a lot of buy orders sitting within that zone due to a 50% Fibonacci line-up.