Audnzdtrade
AUDNZD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDNZD Long The price is moving in an uptrend, where the price managed to break and close above daily resistance level which is also a last week high, turning it to support level.
My bias is bullish so i will wait for the price to retest support level which is also a 50% fibonacci retracement level, if i can get confirmation i will take a long position.
AUDNZD Trading Plan - 3/Apr/2023Hello Traders,
Hope you all are doing good!!
I expect AUDNZD to go Up after finishing this correction .
Look for your BUY setups.
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Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
AUDNZD Next Possible MovePair : AUDNZD ( Australian Dollar / New Zealand Dollar )
Description :
Bearish Channel in Long and Short Time Frame as an Corrective Pattern in Long Time Frame and Breakout the Upper Trend Line
Break of Structure
Impulse Correction Impulse
Rejecting from the Fibonacci Level - 61.80%
Divergence
Completed " ABC " Corrective Wave
Double Bottom
AUDNZD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUD/USD: Short at 1.0570-1.0580 Range
Following the remarks of the Chairman of the Federal Reserve, the market has returned to a state of volatility after two trading days of digestion. This volatility is unlikely to be broken before the release of US non-farm payroll data in February, and the market needs such adjustments to repair the impact of the previous sharp drop. Therefore, today's market trend will be relatively simple.
In the face of this volatility, the most suitable operation for AUD/USD is naturally to short on rallies. Based on the market situation, the following recommendations are given:
Short at the range of 0.6630-0.6640, with targets at 0.6610, 0.6590, and 0.6570, and stop loss to be determined based on individual circumstances.
FX:AUDUSD
Time To SELL ? Nearly time to SELL this pair it has passed my 1.08 target from my previous BUY trade hitting the target now I will look to SELL as we approach 1.09 and above.
You can see on the Weekly charts there is a nice SUPPY/SELL zone located here also at a nice resisatnce area before so this will be a really good level for shorting the market on the correct signal.
I will wait for my TRFX indicator to give me a SELL signal on the HTF charts then enter a sell trade stop loss will depend on where the signal occured target will be down towards the bottom of the Monthlly range below 1.04.
[TRADE CLOSED] Nearly 800pips Banked On This One...!!We have been in this position since September after going short at the top of a long term MONTLY range above 1.135 was when the entry signal occured and was the are explained we would like to see an enttry signal occur.
This happened and as explained in the intial trade post the potential for this position to fall back down into the HUGE MONTHLY range turning into a monster setup was easily on the cards this is what has happened.
We are fast approaching the end of the year so have closed the position just above 1.06 nearly 800 pips banked on this position read the related post to uunderstand how
AUDNZD may breakdown!!AUDNZD 4H, After the monthly close AUDNZD has been over-extended to the upside and the price started to drop as there is a probability of a deeper retracement. It is highly likely that AUDNZD will continue to drop and on the rejection of the previous support as resistance, A sell trade is highly probable.
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