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Audnzdshort

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
AUD/NZD Possible short-term bearish price movementGood morning traders, hope you all had awesome trading Monday with dozen of pip profit. If you did not then you might consider following us here because yesterday we gained +426.3 pips, all from ideas from this channel absolutely free. Now let's take a look at short term trade opportunity for AUD/NZD, we can see that price has been struggling to break through middle line of ascending channel. We expect price to move lower to test support line of this channel, however be aware that overall trend is bullish and bears might not have enough strength to get price to support. Use small risk management un this trade putting Stop Loss right above the middle line of ascending channel. We predict slow market today and we have to take advantage of every option market give us. Let us know what you think about this idea in comments, and please do as a favor and smash that like and follow button and help spreading ideas all over the place :) Good luck !
Short
by UnknownUnicorn3249870
AUDNZD bearish momentum picking upMultiple time frame analysis is involved here. Over on the daily timeframe, you'll see that price is testing the 1.0842 level. This is a high that formed back in November of 2019. Given the sharp move up, I didn't take the initial short, but now I did after this leg down. Over on the hourly, you can see the strong leg down as prices tested the 1.083 level and then broke through the 1.08305 floor. This entry is timed as price is retesting the 1.08305 level. This level is significant because there was buying volume that originated here, but that's no longer the case. One concern is the 1.078 level as this is where selling pressure temporarily ceased. However, you'll also notice that buying volume isn't as strong. It took five bars for the price to inch up and this doesn't even cover the entire bearish bar. Buying pressure currently still remains weak and we can expect further downside potential.
Short
by FinancialGamblR
4