Audnzdshort
AUDNZDThis pair has some potential for a short, but AUD has been very strong this week. It is over extended though and needs to make a retracement. Look for price action on top now and enter from there. My analysis is clear on this one. But, it might not go as low as indicated. If taken correctly a 1:3 RR might develop
This not trading advice and should not be taken as such
AUDNZD short trade ideaPlan : support level breakout --> 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.
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GWBFX
AUDNZD potential reversal! AUDNZD expected to rise up to 1st resistance at 1.03601 where it could potentially react off and drop down to 1st support at 1.011357.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Short AUDNZDPrice made a lower high and might look to retest the 1.03 level before trending towards the low of 1.00.
Clear rejection of resistance multiple times. For a conservative short, look for a retest of support at 1.03 and a bearish pinbar/engulfing pattern.
Trade wisely & hustle hard!
AudNzd- another test of parity?1.03 is strong resistance for AudNzd and, with the support of a flag formation broken and retested, the pair is ready to resume its downtrend.
A sell for a retest of parity has a great R:R of 1:3
Shorting AUDNZD On the H4 chart of AUDNZD, it seems that the price has completed a correction phase (ABC zigzag). I expect the price to continue the main trend if breaks the laters bearish fractal. My entry levels are marked on the chart.
AUDNZD - SHORTTA: price closed below MA200, RSI<50, MACD<0. Hamonic is being formed
we will short
target 1: 1.015
target 2: 1.006
AUDNZD SHORT 12RONLY entering on 4hr price action confirmation.
Use appropriate risk & trade management
AUDNZD- ShortSteady stair step patteren
Price broke through support channel
Signal 1- Heavey seller momentum at (1 Apr '20 08:00)
Signal 2- Followed by several red candles closing bearish on 4H chart
Tp1- 1.01182
Tp2- 1.00228
AUDNZD-Short (UPDATE/FORCAST!!)Steady stair step ascending wedge patteren
Price broke through support channel
Signal 1- Heavey seller momentum at (1 Apr '20 08:00)
Signal 2- Followed by several red candles closing bearish on 4H chart
Tp1- 1.01182
Tp2- 1.00228
UPDATE!!
Retracement reacting to support>>> New resistance
Excpecting one or two small retracements before bearish move.
Holding position over the weekend
AUDNZD Short - DailyFollowing on from my previous trade on this pair, we can now see on the daily we are coming into an area of high interest. We have the 50 ema and 61.8% fib to take into account. Therefore when this current daily candle closes, we can look for confirmation to sell.
AUD/NZD : Watch Breakout and Selli am expecting downside Movement after broken the Flag in downside.
ThankYou
