Audnzdshort
AUDNZD, daily chart, double top pattern in playBased on the daily chart we could clearly see AUDNZD has a double top pattern and price already broken through the support.
Price broke through the support since June 10th and then consolidating around it for 3 weeks. The last 2 day candle indicates selling pressure by the form of candles which looks like bearish pinbar / shooting star candle.
Also keep in mind AUD now in pressure because they gonna start with another lockdown which will give pressure to their currency.
Sell AUDNZD 1.0620
Stop loss 1.0680
Take profit 1 @1.0560
Take profit 2 @1.0500
good luck
AudNzd outlookFrom the beginning of May, AudNzd carved a H&S top, with 2 heads above 1.08.
Now the pair is trading in the neckline support and looks ready for a break
The first target is 1.05 support and the measured target for the pattern 1.0350 which is not out of the question considering very strong NzdUsd and a more latent AudUsd
AUDNZD H1 SHORT PRICE ACTION FORECAST Price action is finding a rejection after the expected re-test from the ascending trendline allows the setup of a short entry. Although the price has been trading into a consolidation pattern from a higher time frame at H1, it has formed HL & LL
The order:
Type: sell-stop
S/L: 21 pips - R:R | 1:2 -
T/P: aiming towards the previous support level
AUDNZD - SWING - 30. JUNE. 2020Welcome to our weekly trade setup ( AUDNZD )!
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1 HOUR
Prices about to turn bearish.
4 HOUR
Range high got hit, expecting a push to previous lows.
DAILY
Overall waving market structure, good short entries!
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FOREX SWING
SELL AUDNZD
ENTRY LEVEL @ 1.07050
SL @ 1.07480
TP @ 1.06440
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 H1 SHORT PRICE ACTION FORECAST A bearish continuation is expected with the pair trading within a flag formation and bouncing from the resistance trend line. A short entry to capture the coming downtrend momentum could be taken
The order:
Type: sell-stop
S/L: 18 pips - R:R | 1:2 -
T/P: aiming at the key support trendline