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Audnzdshort

AUDNZD Is Ready for next Move.AUDNZD is in Down channel pattern were in the lower time frame we bet Rising wedge pattern we need to wait for break down the pattern so that we can take them as per the market move everything was mention on the chart. Note one think the market can go further more upside till Down channel pattern resistance line there is really Big Stop loss but if market break downside then it will continue the trend. Note: This is only for Educational Purpose this is not Investment advice. Please support the setup with your likes, comments and by following on Trading View. Share Our Chart on All Social Media. Thanks Adil Khan
Education
by Make_Money_Guru_Bitcoin
7
Elliot Wave Setup Put AUDNZD Bears under PressureAUDNZD bears have been stuck in a consolidation structure for the past three months after a sharp bullish rally that peaked at 1.07301 level on April 17, 2019. The sideways bearish move indicates that the market is in a corrective phase and sooner or later, the bulls will take over and break out the bearish barriers. Fortunately, a very notable corrective price pattern is in play that is preparing us for the anticipated rally. The pattern is called a triple zigzag or flag pattern; it has a place in both Elliott Wave analysis and conventional technical analysis. The Elliot Wave chart below shows what the market has in store for AUDNZD. As visible from the chart above, AUDNZD’s advance from March 25 to April 17 took the shape of five-wave Elliot wave impulse pattern. It is labeled (i)-(ii)-(iii)-(iv)-(v). Elliott Wave Setup AUDNZD for a Notable Reversal According to the Wave Principle, a three-wave correction in the opposite direction follows every impulse. This is true for AUDNZD, as the bearish move that follows the rally has been unfolding as an Elliot wave triple zigzag pattern, which is almost complete. It’s labeled (w)-(x)-(y)-(x)-(z). The theory states that once the 5-3 wave cycle is complete, the price heads in the direction of the five-wave sequence. That’s once the wave (z) complete the corrective pattern in play within the blue box on the chart, a bullish rally is expected to resume in wave ((c)). Wave ((c))’s targets lie above the end of wave ((a)) which makes an advance up to 1.07277 plausible. Did you like this analysis? Let me know in the comment. Thanks Veejahbee.
Long
by Veejahbee
2
AUDNZD / H1 / Daily Forex Technical Analysis / 7.18.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is July 18th, 2019 and we will be taking a look at the Australian Dollar against the New Zealand Dollar. We are currently looking at the 1 hour time frame and are looking for price action to lose momentum as it retested it's prior lows and failed to break above. If price action cannot regain control above the 1.04 resistance area we will be looking for an entry short! Entry for a Short position near the 1.04427 area, with a Stop Loss near the 1.04543, and a profit level area of 1.04153 for what can be a profitable trade with a 2.52 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Short
by FuturesForexClasses