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Audnzdshort

AUDNZD SHORTNow hear me out. Ill be monitoring price action on the 4h timeframe for entry. This is a swing trade as you can understand. The break of the uptrend has started and its forming LH and LL so we cant look for buys as of yesterday. You can see the wick rejections on the top levels indicating double tops. RSI is overbought and we have divergence at those DT levels. Now all we need to do is to allow the market to give us and opportunity to enter with small range on the SL of course. How we are going to do that? Well we will look at wick rejections on the most recent levels that are to be created on the 4h Timeframe (I use 4h to be sure of the movements) and then we will take the trade. I aim for 1:3 RRR always on my trades. Once they reach 1:1 R ill close half of the position and place SL at BE and let the rest run for dear life. I hope you see value in my analysis thanks for taking the time to read :D :muscle::moneybag:
Short
by dimitrisbetfx
1
AUDNZD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **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. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
AUDNZD Reversal Outlook Pattern!!! Rejection off Resistance....Today, AUDNZD managed to reject off the resistance level @1.0825 and we can see a strong bearish movement starting to take place. What I would like to see for AUDNZD will be a downward movement to the support level @1.0612 which I believe we will see a nice breakthrough heading for 2 important fib level mainly 50.0 and potentially 61.8 where a bullish movement could take over. If price level reaches 61.8 fib level, also a strong support level area, we could see a nice rejection for a bullish movement. However, as of now I will say AUDNZD will be a sell opportunity. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Short
by YGForex
2