AUDNZD Short Trade (Quick Profit)AUDNZD Predicting a downward move with this pair. Targeting 1.085 levels SL: 1.095 levels. Le Goo!!!
Audnzdstrategy
AUDNZD Daily EntryHi traders,
Spotted a very beautiful setup on the daily AUDNZD chart. Here's the deal:
The price trended up nicely with gorgeous swings, respected the 20-period moving average (20 SMA), made a double top (showing trend weakness) and broke with a strong bearish momentum the 20 SMA and the flipzone (= Support and Resistance area).
The Friday close allows me to enter on Monday market open as long there is no huge gap or anything similar.
2nd green rectangle shows the first trouble area where price might reverse again - it is up to you if you take your profits there or let it run. I am aiming for the bottom rectangle which, in my eyes, represents a stronger trouble area.
As always, stay patient and keep a strong money and risk management as even the best setups tend to fail.
Happy next week :)
AUD/NZD 1H Chart: Channel UpAUD/NZD 1H Chart: Channel Up
The Australian Dollar is gaining value against the New Zealand Dollar in a few days long ascending channel, which started to form in result of an extensive jump of the exchange rate from the monthly R1 at 1.0868.
Given the narrow structure of the pattern, it is not expected to guide movement of the pair for long. Most probably, the 55-hour SMA, which moves along the channel’s southern boundary, will help the rate to surge to the weekly R1 at 1.1017. Afterwards, the breakout most likely is going to happen.
On the other hand, the pattern might cease to exist even earlier because of some fundamental events, such as publication of information on the Australian Private Capital Expenditure on Thursday.
A pair not ideal to trade, but in a channel nonethelessAs what the Idea title states, this pair is actually not an ideal pair to enter a trade. As you can see the current level this pair is at, the market is messy thus making it risky to enter.
AUDNZD 4H TECHNICAL ANALYSISThe chart is self explanatory - The pair is in corrective trend. We see minimum 100 PIPS fall from 1.0640 level
AUDNZD - Long Positon for Atleast 600 Pips!Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential long position for at-least 600 Pips, It has a potential for 1100 or more pips, the minimum expectation is 600 Pips from this trade !
This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points.
.TP & SL are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point or 1.03530, you can still catch 350+ pips till TP1 is reached, however It may still go down keeping the current situation in mind , It is recommended to enter with a smaller lot size if you want to take a long position right away & manage your stop loss accordingly.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity .
Don't forget to like, If you like my analysis :)
AUDNZD Bulish Forecast 320 PipsAUDNZD bullish Forecast 320 Pips
Target: Daily 1.618 Fib Extension
@ 1.0530 - Support in April 2016 and Resistance in Nov 2015
Bullish Kings Crown Reversal on 2H chart
StochRSI Going UP
