AUD/NZD SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
AUD/NZD: Swingtrade-Execution
Sell-Limit: 1,06860
Stop-Loss: 1,07750
Target 1: 1,05900
Target 2: 1,05260
Target 3: 1,03930
Stop-Loss: 89 pips
Risk: 1-2%
Risk-Reward: 3,33
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Peace and good trades
Irasor
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Audnzdshort
AUDNZD upside momentums weakensThis is currently a very preliminary trade idea based off of the current momentum on this pair. I outlined this trade idea in three major points.
1. The run-up from March 19th ceased at the 1.0613 level. Price proceeded to pull back to my #2 label at 1.0477 level.
2. Nothing out of the ordinary so far as price would retrace after such a rally. What's interesting is that this next wave didn't make as significant of a move. Specifically, we can see it hitting the #1 label highs and then stalling.
3. I'm currently observing the price action signal at this level. It broke back below the 1.06 level and then made an uptick. If price fails to make a surge higher, we could potentially see this pair reverse.
Again, largely preliminary at the moment. Currently just keeping an eye on this pair for a potential opportunity.
AUDNZD May come downtrend til 1.0530I think all of the indicators are showing WRONG DATA for this chart now.
here are some reasons why I say it may go down !!!!
1-as you see, there is a very nice resistance area at top.
2- Double top pattern shows that the price is not strong enough to go high.
3- last high is not higher than previous high
4-its also a shoulder pattern
5-the Fibonacci retracement exactly shows the range
I'm almost sure about falling down.
BUT DON'T RISK MUCH, Its the market !
Have Fun :-)
Mohammad Someaneshin
AUDNZD. Price has broken through the resistance level.Hello dear friends.
The price has broken through the resistance level.
This is due to the fact that the price was in the upward channel,
pushing away from the key level.
It's time for the price to go down to the level of 1.05000.
Good luck to you.
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This idea does not provide the financial advice.