DeGRAM | AUDNZD pullback from resistanceAUDNZD is moving in an ascending channel between the trend lines.
The chart is under the resistance level.
The price has already reached the resistance, after which it quickly reacted with a decline and formed a bearish takeover after the second touch.
We expect a pullback from the resistance.
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Audnzdsignal
AUDNZD:🔴Sell opportunity🔴The price hit the HTF supply zone and had a bearish reaction, creating the buy-side liquidity alongside the bearish FVG in the premium, so we can expect the price to hit the bearish FVG and collect all the buy-side liquidity and then come down for sell-side liquidity.
In this scenario, I like to see speed when the price sweeps the liquidity above the old high.
As always, we need LTF confirmation to enter a sell position.
💡Wait for the update!
🗓️13/05/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
DeGRAM | AUDNZD post-flagging growthAUDNZD is moving within the ascending channel after retesting the upper boundary.
The chart formed a bullish flag pattern after reaching the support level.
The price broke through the dynamic resistance, which now acts as support.
We expect the growth to continue, but the price may retest the lower boundary of the channel first.
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AUDNZD - Harmonic Pattern - Bearish Momentum ExpectedAUDNZD is currently forming a Harmonic Pattern (XABCD) on the chart. The pattern indicates a potential reversal of the current trend, with Point D marking the completion of the pattern. Based on this formation, we anticipate a Bearish trend momentum to follow from Point D.
Entry and Stop Loss:
Entry: 1.09480
Stop Loss: 1.09850
Take Profit Targets:
TP-1: 1.09100
TP-2: 1.08745
TP-3: 1.08370
Rationale:
The entry point of 1.09480 aligns with the anticipated reversal from Point D of the Harmonic Pattern. The stop loss at 1.09850 is set to mitigate potential losses in case the market moves against the expected bearish momentum.
For take-profit targets, TP-1 at 1.09100, TP-2 at 1.08745, and TP-3 at 1.08370 are strategically placed to capture potential downward movements in the market, considering key support levels and Fibonacci retracement levels.
Risk Management:
It is crucial to adhere to proper risk management principles while trading this setup. Position sizing should be adjusted to ensure that potential losses are within acceptable limits relative to the trading account size.
Conclusion:
Based on the analysis of the Harmonic Pattern and associated entry and exit points, we anticipate a Bearish trend momentum in AUDNZD from Point D. Traders should monitor the price action closely and execute the trade according to their risk tolerance and trading strategy.
DeGRAM | AUDNZD pullback from the trend lineAUDNZD is moving within the descending channel between the trend lines.
The chart instantly bounced lower after reaching the dynamic resistance level.
The price formed a bearish takeover.
We think that the price will correct from the resistance before continuing the momentum.
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DeGRAM | AUDNZD breakout of the ascending channelAUDNZD went down from the ascending channel.
The chart reached the 50% retracement level of the last bullish impulse.
The price formed a candle with a long upper tail.
We think that after the support retest the price will go down.
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Capturing Opportunity: Short Trade Setup on AUDNZDOverview:
AUDNZD has exhibited a notable rejection at a significant resistance zone, confluently aligning with the 4-hour trendline. This presents a compelling opportunity for a potential short-trade setup.
Entry Point:
Considering the observed rejection and alignment with the 4-hour trendline, an entry point at 1.09150 is recommended. This level reflects a strategic position to capitalize on the anticipated downward movement.
Stop Loss:
To manage risk effectively, a stop loss should be placed at 1.09490. This level provides a buffer against potential adverse price movements while allowing for sufficient room for market fluctuations.
Take Profit Targets:
Two take profit targets are identified:
- TP-1: Set at 1.08797, representing the initial profit-taking level. This level aligns with the anticipated downward momentum and serves as a conservative exit point.
- TP-2: Positioned at 1.08450, reflecting a deeper target for maximizing profit potential. This level accounts for further downside potential based on the prevailing market dynamics.
Conclusion:
In conclusion, the technical analysis suggests a favorable short trade opportunity for AUDNZD, with an entry point at 1.09150, stop loss at 1.09490, and profit targets set at 1.08797 and 1.08450 respectively. Traders should monitor price action closely and adhere to risk management principles throughout the trade execution process.
DeGRAM | AUDNZD movement volatility narrowingAUDNZD confirmed the boundaries of dynamic levels again.
The chart is moving in an ascending channel within the boundaries of narrowing volatility.
The price is growing for a long period without serious pullbacks, especially if we consider the older timeframes.
We think that the pullback will occur after the next achievement of the dynamic resistance.
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DeGRAM | AUDNZD decreasing volatility in the channelAUDNZD instantly reacted with a decline upon reaching the dynamic resistance.
The volatility of the movement decreased, forming an ascending wedge.
We expect a sell-off from the resistance, a retest of the support level, and a 38% retracement level.
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AUDNZD Technical Analysis and Trade IdeaThe AUDNZD demonstrates persistent bullish momentum with a robust upward trend visible on the daily timeframe. Consider a long entry upon a Fibonacci retracement, aiming for previous swing highs. Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
DeGRAM | AUDNZD divergence at resistanceAUDNZD rebounded from the 1.08900 resistance level.
Price reached significant resistance on the D chart.
The market created divergence following a false breakout of the previous high.
We expect a sell off from the level, a retest of the support level, and a 50% retracement level.
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DeGRAM | AUDNZD structe based tradeAUDNZD is currently testing the structure resistance level by completing the AB=CD pattern.
It's decelerating while approaching resistance. It created a divergence at the resistance level.
The market reached the strong resistance level on the D chart.
We expect a sell-off from the resistance.
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AUDNZD,🔴Sell Opportunity🔴
As you can see, the price took the liquidity that formed as a high in Daily FVG, had a bearish reaction, and shifted the market structure.
Now the price trades inside the bearish order block that we expect to push the price lower.
We need the LTF confirmation for entry.
💡Wait for the update!
🗓️13/03/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
SHORT AUD/NZD from 1.0704This pair appear to have peaked at 1.0746 which is inside a band of historical resistance.
We've seen the price push through the 25, 50 and 100 EMA's on H1 and we're also under the WPP mid pivot which has failed to halt the BEARS.
Key level now is the 200 EMA 1.0693 200 EMA which will most likely offer stern support for AUD/NZD BULLS and though I can envisage some sideways price action when (if) the price makes its way down there, othr indicators suggest this may not bne enough to stop the price ehasding to the WS1 pivot at 1.0667 which is the target price.
Other indications that the BEARS have assumed control of this market are the RSI which has been steadily declining since last Friday afternoon and MACD which has both fast and slow MA periods negative.
The red SELL line of the Andean Oscillator crossed the gree BUY line on Friday and early this morning the red SELL line crossed the signal line - all signs that this is now a BEAR market.
We've aso got a SELL signal on the Pivot Point SuperTrend so everything suggests we should be headed lower and in the absence of any significant or scheduled news we may well see this pair drift south over the next 24 hours.
STOP is at 1.0720 so this is a risk of just 16 pips and the target as mentioned is at 1.0667 which is WS1.
The STOP is HARD meaning it will not be adjusted. The TP is soft and we'd have to see how much BEARISH momentum is left if the price does indeed make its way down to the pivot.
AUD/NZD SELL STOP at 1.0662AUDNZD has hit a band of historical resistance that stretches back some distance and is carving out an M-Top pattern with a double top.
If the pattern completes we will have a SHORT trade on the break of the neckline at around 1.0662.
Both RSI and MACD are declining and the Andean Oscillator is suggesting that the BEARS are taking control as the BULLS position weakens.
All the indicators suggest we should be headed south from these levels and as we are now well above the key WR1 pivot, history tells us that the price will tend to want to come back to the WPP mid pivot and will not be able to stay above WR1 if there is BEARISH momentum.
It is Friday so the markets will be slowing down and we do have US news at 15:00 with ISM Manufacturing and Revised UoM Consumer Sentiment so we would need to be watching this trade if it triggers and adjust STOPS accordingly.
This is a 1:1 trade with a STOP above the high which sets our target to 1.0639 but as ever these STOPS and TP's are not set in stone and will be adjusted depending on momentum.
DeGRAM | AUDNZD trend continuation opportunityAUDNZD is trading in the descending channel, indicating a bearish trend.
The market is testing the resistance at 1.06900, which is the psychological level.
The market created a kill zone: the major trend is bearish, resistane, the upper border of the descending channel, and a harmonic pattern.
We expect a trend continuation trade from the kill zone.
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Audnzd Short Trade Setup SELL TradeYou can see Good Retest Resistance level On Audnzd Chart Now
Here you can Sell it with Tight stop 60 70 Pips
and for the target you can hold this trade for 120-150 Pips
after Weekly and Daily breakout now 80% sure our this trade will go for the short direction and our target will be met soon
AUDNZD Sells still Active but struggling (Considering closing)As per my last analysis on AUDNZD - (www.tradingview.com)
I am still actively holding this trade
NOW, given the fact that audnzd just struggled to breach this most recent low (purple zone) and decided to pull back upward - made me consider closing but patience
If however, it struggles again to breach this low I'd close in profit
Why? it is simple really, price pushed up off of the (purple zone) and rejected the top side, if it rejected the top side it stands to reason that it went for liquidity from sellers higher - IF this was the case, shouldn't it have no problems going lower?
If price struggles to breach this low (purple zone) this time around I'd be closing this trade
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AUDNZD Sells ActiveGood Morning guys, have this buy open on AUDNZD - it isn't the best trade and I don't really like trading this pair but there was a set up and I decided to give it a try
Let me explain
These are my confirmations\questions >
Question 1 - Was AUDJNZD in momentum (bullish or bearish)?
Yes, AUDNZD is in bearish Momentum currently
Question 2 - Who is interested (at this time)?
Sellers are interested at this time
Question 3 - Where are their stop losses?
Stop losses would have been right Above the highlighted levels (orange circles) & below the orange horizontal line (break out sellers)
Question 4 - Have those stop losses been taken out?
Yes I believe Stop losses have been taken out already on AUDJPY (Red X)
Question 5 - Does the set up make sense for me to pursue?
Yes I believe it makes sense for me to pursue this trade given the information I have
As I am typing this the trade remains open at a 1:0.7 Risk Reward Ratio and I am noticing price is stumbling about this area currently (wondering if I should close it)
That being said however you will realize over to the left (green circles, green lines) that there would be some buyers below this area and based on the momentum it makes sense to me for price to driven to below this area so I think I should hold it, let's see
I have many more confirmations I look for, this is just to simplify it so that I can quickly explain to you the reader
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*Why don't I show my lot size?*
*How much money I make is no where near as important as HOW I took the trade*
DeGRAM | AUDNZD broke and closed below the psychological levelAUDNZD is making lower lows on the 4 hourly chart.
It broke and closed below the psychological level at 1.06600.
The market created divergence since the bullish move occurred against the major bearish trend.
We expect a trend-continuation trade and a retest of the support level.
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AUDNZD Will Fall✅ AUDNZD started falling well from the 🔴 Resistance zone(1.0712 NZD-1.0686 NZD) 🔴 and the Resistance line and was able to break the Uptrend line .
🌊Regarding Elliott wave theory , it seems that AUDNZD finished wave 4 at the🔴 Resistance zone(1.0712 NZD-1.0686 NZD) 🔴 and is completing wave 5 .
💡The important point is that AUDNZD has lost the Support line and Ascending Channel , which can be a sign of further decline .
🔔I expect the AUDNZD to continue falling and at least break to the 🟢 Support zone(1.055 NZD-1.046 NZD) 🟢.
Australian Dollar/New Zealand Dollar ( AUDNZD ), 4-hour time frame⏰.
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