Audnzdsignal
AUDNZD Inverted Head & Shoulder Pattern Favor BullsThe AUDNZD 4hr chart above shows a classic inverted H&S pattern. Price also broke out of the long-term parallel channel and support & resistance level.
Price has the potential to retest the broken neckline as support and resumes a strong impulse move in wave (3) of iii.
Entry Criteria:
Buy from or below the current market price and put stop loss at the red level.
Wait for the breakout of the green line for conservative entry!
Regards,
Veejahbee.
AUDNZD short Trend is your Friend!
1. One Touch, Two Touch and Third Touch usually
completes a Trend.
2. EMA acting as Dynamic Resistance,
3. Markets has Bounce off our Golden Fib Zone,
Trend line an Psychological level @ 1.08400
where big institutions place orders and take
profit.
4. Waiting for 3 Eight hour candles to show signs
of rejection to place Sell order
5. I will be Selling at current Price Level
@ 1.08400
Safe SL @ 1.08600
80% Partial TP @ 1.07100
10% Partial TP @ 1.07000
Remaining Trade TP @ 1.06800
Only 5% risk will be take for this trade
AUD/NZD | Possible ShortAUD/NZD Sell
Resistance Levels: 0.07831, 1.08000, 1.08508
Support Levels: 1.07674, 1.07476, 1.07159, 1.6754
Possible Instant Sell:
Entry price: 1.07785
Stop: 0.08350
TP 1: 1.07159
TP 2: 0.06754
Good luck
#JustTradeFxOnline
Thanks for your love and support.
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WE COULD HAVE A SELL ON AUD/NZD!!Price failed to respect the 4hr trendline after hitter a major resistance level at 1.10000. Price is continuing downward in the counter-trendline. We see that price broke the 1.08250 level and is now in the process of retesting it. We are waiting for a pattern or candlestick formation to form to place our trade. Tp set at 1.07500 because there are a lot of buy orders sitting within that zone due to a 50% Fibonacci line-up.
AUDNZD loves downward channelAUDNZD-H1
Key points
⚡️ After the impulse moves from 1.05500 level it has reached around 1.1000 level which is a key psychological level and started falling
⚡️We can clearly see the LL LH LL patterns and trading in a downward channel
⚡️The first major rejection comes around 23.6% Fibo at this level we have selled before but unfortunately it's retraced back towards entry point and felled almost +70 pips from 1.09300 level
⚡️Currently the price felled below the 50% fibo and will continue to fell towards 1.06000 level
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AUD/NZD - ForecastAs you can see AUD/NZD has shown bearish movement after hitting the key resistance level at around 1.1042
Now it has retraced a little after reaching the KEY SUPPORT Level at around 1.0840
Now we need to see if it will reverse back to the same RESISTANCE Level at around 1.1042 or continue down to next major support level at around 1.0660.
If it comes back to the 1.0840 level and breaks it then SELL is confirmed.
A Like would be appreciated.
AUD/NZD - price returning to weekly resistance now support?AUD/NZD price has today returned to a significant technical zone - the upper boundary of the weekly descending trend channel that has kept price in check for the past six years. Price broke to the upside from this channel in Early-August, which may signify a reversal in overall trend. However, price has performed breaks to the upside previously, only to then return back to the trend channel. Nonetheless as price action has returned to the upper boundary, we will be looking to see whether price action shows strong rejection on the daily timeframe, in which case we will enter long with an target of 1.095.
If price breaks back into the weekly trend channel, we will then starting looking for potential short entries, to catch the ride back down to the lower boundary.
AUDNZD shortMonthly
1 touch 2 touch makes a trend line
3rd touch usually completes the trend
Weekly
1 touch 2 touch makes a trend line.
3rd touch to complete the trend.
1. Market has reached psychological level
between 1.09100 and 1.10000.
2. Looking for 1 more weekly rejection candle to
support bearish momentum to the down side.
3. Looking for confirmation in the lower time
frame to take a sell.
4H
1. Waiting for price to retest 1.09500 or break up
and even get to 1.09600 and create a zone to
break out off heading down
2. If price respects 1.09500 and rejections candles
are created will be looking to take a sell down
to 1.08200
AUDNZD - SELLThis pair is a bit of a mess.. we can see that price broke support and was pushed back up a little by the buyers.. the sellers forced price to break support so its safe to say we are setting up for a sell
I am waiting for confirmation before jumping in as price could float about before dropping
AUDNZD - SELL
SL - 1.07165
TP - 1.04209