📍 RBNZ formula So what are we trading here? In this position it would be an obvious mistake to not acknowledge risk sentiment worsening over the weekend as cases continue to escalate, clearly the market is exposed to the storm (that is to say the series of localised lockdowns are a done-deal, the only question remains whether it becomes more widespread). On...
Bullish break out of the H1 bearish trend line which is a retracement of bigger daily bullish movement. the retracement was deep - until 0.786 of fibonacci. Target - 1.272 by fibonacci of the retracement.
hey guys, AUDNZD is approaching a key daily/4h structure resistance. the horizontal structure matches perfectly with a completion point of the harmonic cypher pattern. for confirmation, wait for a breakout of a rising channel on 1H and then sell aggressively or on retest. target levels: 1.065 1.063 safest stop is above the last higher/lower high within the...
Hello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see that the price started falling after hitting its Resistance. One can take a sell trade. Let us know your views on this in the comment section. Thank you all. There is good...
Hello traders, this is the update on the AUDCAD trade that I forecast on Jul 8. Check the previous forecast below. Let me know if you guys have any questions. If you like my analysis please hit like and follow. Thanks.
Hi there. Price is forming a reversal pattern to change its formation. Watch strong price action at the current levels for sell.
Reasons I will look to take this trade - Pair is ranging between shown price points with no clear bullish/bearish direction as of yet. - Price has reacted violently to these price areas in the past, quickly reversing. - Pair is overbought on 30 min / 1 hour / 4 hour timeframes. - Tight stop loss / Good R:R (Risk:Reward Ratio) (1:3) Entry : 0.69900 Stop Loss:...
Welcome to this analysis on AUD/CAD. I took a trade on AUD/CAD on 6/16/2020 which got stopped out. This trade idea is a continuation of the last setup, you can refer to that link if you wanna read more about it. Since the last trade, the market went sideways and consolidated more in a range between 0.942 and 0.927. It appears like the price has just broken above...
I am looking for short if price rejections zone i have marked. I am looking for scalp trade on this. Take profit will be at 25 pips. Stop loss should be 12 to 15 pips.
AUDNZD has finished rising after its breakout of the falling wedge and a reversal is about to happen. By watching price action we can see a reversal is likely to follow soon and to support that the rsi shows that we are in an overbought zone and the macd is about to have a cross. On top of that NZD is stronger than AUD today making it even more clear that the pair...
FX:AUDNZD has broken out of the falling wedge it was in, retested, and is now going long. We will set our entry above the local resistance. Entry @ 1.06314 SL @ 1.06002 TP @ 1.06626
AUDUSD is currently in a rectangle pattern. Using that information we can tell that once the pair reaches the local resistance it is likely that it will go back in the opposite direction. Entry @ 0.69300 SL @ 0.69099 TP @ 0.69069
Head and shoulders pattern observed on GBPAUD 1 hr. I am anticipating a retest of the broken neckline before a continuation to the yearly low. We are only 170 pips away! Monitoring this one closely
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.06300). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.06300). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Price is reaching resistance where we could see a reversal below this level. RSI is facing bearish pressure from our resistance as well.
Hey, I am back with second idea for today, looking at AUD/CAD. Strong daily uptrend, price broke above resistance area, now we want to long on this support area. Entry Above 0.94200 Take profit Below 0.94480 (28 pips) Make sure to follow me in order to not miss out on my future regular setups. If you found this setup useful, please don't forget to leave a...