AUDNZD loves downward channelAUDNZD-H1
Key points
⚡️ After the impulse moves from 1.05500 level it has reached around 1.1000 level which is a key psychological level and started falling
⚡️We can clearly see the LL LH LL patterns and trading in a downward channel
⚡️The first major rejection comes around 23.6% Fibo at this level we have selled before but unfortunately it's retraced back towards entry point and felled almost +70 pips from 1.09300 level
⚡️Currently the price felled below the 50% fibo and will continue to fell towards 1.06000 level
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Audnzdshort
AUDNZD, 2hr tf, sell on retest of resistance with ichimokuHello my friends,
Today i got a nice setup on AUDNZD pairs.
Well this pair is a bit slow to trade but since it come to my screener so i will take it.
Before i start explaining this trade setup, please hit the like button for this post and follow me for my latest updates.
I use the 2hr chart to analyze this pair.
As you can see this pair is below the red colored cloud so we could say this pair is bearish at the moment.
This pair go currently retesting horizontal resistance where it acted as support before.
Parabolic SAR also above the price indicating selling pressure on this pair.
Sell AUDNZD 1.0825
Stop loss 1.0870
Take profit 1 @1.0780
Take profit 2 @1.0735
Take profit 3 @1.0690
RR Ratio is 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : I sold AUDNZD from 1.0825
AUD/NZD SELL SIGNAL Hey tradomaniacs,
welcome to new free trade-setup.
AUD/NZD: Swingtrade-Execution
Market-Sell-Order: 1,08215
Stop-Loss: 1,08715
Target 1: 1,07720
Target 2: 1,07300
Target 3: 1,06890
Target for One-Target-Trader: 1,07300
Stop-Loss: 50 pips
Risk: 0,5% - 1%
Risk-Reward: 2,70
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
AUDNZD, 4hr tf, sell below the kumo cloud updatedHello my friends,
Today i will review my previous positions. I've got 2 positions about to hit TP.
First pair is AUDNZD which i posted at 16th September 2020. I provide the link to previous post so you guys can check it out.
Sell AUDNZD 1.0870
Stop loss 1.0920
Take profit 1 @1.0810
Take profit 2 @1.0745
RR ratio is 1 : 2.5
Use only 1-2% risk
Good luck
This is my trade on 16th September and right now it is floating +100 pips.
I've secured partial profits here and set SL to profit for the remaining position.
This trade took 2 days to move according to my analysis and setup
Congrats to my fellow friends who follow this trade.
Drop a like to this post if you joined me selling AUDNZD
For those who haven't follow me please follow me to get my latest update
Also check my bio
Interesting Data: Australian Dollar/ New Zealand DollarHello, in this little analysis of macro-trend on monthly timeframe, we see the weakness of the Australia Dollar and I estimated that we are in the descendent triangle, that is a bearish chartist and then, we continue bearish from the year 2011, that cause an Australia's economical reccesion.
So, our target and objective that we could to see is the $0.87 NZD
That data could be intersting!!!
AUDNZD, 4hr tf, sell below the kumo cloudHello everyone,
For today i am going to take sell AUDNZD positon as there is a potential for further downside.
Price now moving below the kumo cloud and parabolic SAR above the price indicating sell pressure. Also noticed there is a small shoulders head pattern on this pair and price already brken below the neckline.
I also add 200-EMA and price below this EMA after breakin it twice.
Sell AUDNZD 1.0870
Stop loss 1.0920
Take profit 1 @1.0810
Take profit 2 @1.0745
RR ratio is 1 : 2.5
Use only 1-2% risk
Good luck
AUDNZD Elliott wave analysisFX:AUDNZD
Due to the weaker monetary policy in of reserve Bank of New Zealand the kiwi dollar had lose some strength against all the currency pairs
AUDNZD has managed to gain some strength towards 1.10430. At 1.10320 it has formed a double top formation which triggered selling of kiwi dollar
An it also formed a ABCDE Elliott wave pattern which has further sliding of AUDNZD
Currently this pair was trading in a falling channel.
After reaching 1.0900 which is a major psychological level it bounced back towards 1.09600.
Here is a 50% Fibonacci of previous high and low At this juncture clear bearish engulfing candle has formed and a bearish flag pattern.
Suitable selling positions may opened at current level and the target would be 1.08383 which is a next resistance level and the expected level of Elliott wave 03
Stop lose may place above 1.10120 level
If the price broke at 1.1000 level this Elliott wave pattern will got invalidated
Important levels to watch
August high - 1.10434
August low - 1.07180
July low - 1.05650
July high - 1.07520
AUDNZD - Daily ResistancePrice has pulled back significantly into the previous daily resistance zone, It is likely to see rejections from this region, if we don't see any signs of rejection and the price manages to break below the key level marked we can look for potential selling opportunities from the re-test of structure.
According to COT data source - 57% short
AUD NZD SHORTOn the daily chart I have highlighted an Inside Bar price action signal. Initially I was watching for a break of the mother bar on the up side to go long. However, this is a perfect example of why you should wait for the close of the candle to make your decision. It in fact, broke to the down side, breaking recent support as well as forming a nice bearish pin bar on the 4 hour chart. These confluences gave me a signal to sell this pair.
AUDNZD finally breaks below the 1.09375 levelBeen watching this pair for a while. Actually took a loss near the end of last week when I went long. Now that price is trading below, I am now bearish for a couple of reasons.
1. Price hasn't made a higher high since the morning of August 18th.
2. Price made another push higher, but was followed by indecision. This is the first indication that buying pressure has weakened. The origin of this push higher was at the 1.09375 level, which is why it's key to watch how price trades here.
3. Price broke above this level briefly on August 28th, but price did not sustain above.
AUDNZD shortMonthly
1 touch 2 touch makes a trend line
3rd touch usually completes the trend
Weekly
1 touch 2 touch makes a trend line.
3rd touch to complete the trend.
1. Market has reached psychological level
between 1.09100 and 1.10000.
2. Looking for 1 more weekly rejection candle to
support bearish momentum to the down side.
3. Looking for confirmation in the lower time
frame to take a sell.
4H
1. Waiting for price to retest 1.09500 or break up
and even get to 1.09600 and create a zone to
break out off heading down
2. If price respects 1.09500 and rejections candles
are created will be looking to take a sell down
to 1.08200