Audnzdshort
AUDNZD Showing WeaknessBearish Arguments
1. At EVRT it got rejected many times which is also Previous RFSB ( ND+SB) which is acting strong Resistance.
2. Bull trap + SLKT on a 4H timeframe towards the ND+SB
3. Supply entered and ND signs.
4. SFDB is showing no strength to hold the supply. High chances of SFDB failing. An SLKB might give bullish impulse but how strong we have to wait for it.
Target is marked.
Abbreviations;
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov
Money and risk Management - Dmitriy Lavrov-
AUDNZD ShortA L O H A
- Daily in area of scoop pattern creating a double top and currently in a corrections which mean it can still head up and touch the outer trend line creating even better scoop/double touch pattern.
Multiple ways this can go but the setup are really clean to me, when price moves i think there will be a lot of opportunities here.
Let me know what you guys think!
15 min - correcting/ hover after a small impulse down within a descending channel.few potential that it could reject off the dotted trend line but with strong momentum across the Aussie. it's possible to break down further. maybe this is it.
4hr - letting the market set this up, if there is a bearish close that engulfs the previous bull candle, a type of confirmation of the double top within the descending channel.
1hr - Its not a strong bearish impulse rejecting and could be forming a bigger correction.
Although I do see some bullish opportunities it's possible they will be short term, overall looking to sell this pair.
PS: what does "beyond technical analysis mean?" lol
AUD/NZD: DAytrade-OPPORTUNITYHey tradomaniacs,
welcome to another free signal of WEEK #40 Nr.2!
Important: Wait for the market to break below the neckline.
After that we want to see a retest and rejection before we sell.
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Type: Daytrade
Sell here: 1,07643
Stop-Loss: 1,07838
Target 1: 1,07443
Target 2: 1,07372
Target 3: 1,07222
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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