AUDNZD significant reversal.. AUDNZD, downtrendline breaking, RSI bullside divergence, may retest 0.78 fibo and goes up...
AUDNZD trade ideas
AUDNZDmarket is in a current consolidation with multiple rejections on level of resistance. price movement suggest it will keep moving down towards 1.05730
AUD-NZD Will Keep Falling! Sell!
Hello,Traders!
AUD-NZD is trading in a
Downtrend and the pair
Made a retest of the
Horizontal resistance
Level of 1.0601 and went
Down again which reinforces
Our bearish bias and
We will be expecting
A further bearish continuation
Sell!
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AUDNZD Will Move Lower! Sell!
Here is our detailed technical review for AUDNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.059.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.055 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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AUDNZD - Bullish Harmonic PatternAUDNZD is showing a bullish harmonic pattern. These patterns play out well for reversals. A PRZ area forms after which a playout can be seen. It is complimented by Bullish Divergence and has a good chance to go up from here.
With tight SL's
Let's ride this
AUDNZD in bearish Trend AUDNZD is currently forming lower highs (LH) and lower lows (LL), indicating a bearish trend. The recent break below support suggests increasing selling pressure, potentially leading to further downward movement in the pair.
"Additionally, it's advisable to manage risk by allocating 0.5% to 1% of your capital per trade."
SELL AUDNZDSell
The support zone drawn on the chart becomes resistance. Stop Loss placed at the last swing. Risk-reward ratio 1:2, it is recommended to secure the trade at 1:1.
AUDNZD Bullish Divergence, Trend Line Break, Head & ShoulderNote:
1- Berish Divergence
2- Head and Shoulder
3-Sell Sentiment 95%
Trade:
SL= 1.05873
EP= 1.06068
TP1= 1.06257
TP2= 1.06466
AUDNZD looks bullish in 15 mins time frameAUDNZD looks bullish in 15 mins time frame we can bullish divergence and making new higher high and high low on bases of these confluences i am taking long entry. what do you think?
AUD-NZD Will Go Down! Sell!
Hello,Traders!
AUD-NZD is trading in a
Downtrend and the pair
Broke the key horizontal
Level of 1.0590 and the
Breakout is confirmed
So I think that we will
See a bearish continuation
Sell!
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AUDNZD Potential Sell Strategy!Following a bearish surge, there are indications that a bearish flag may be in the process of forming, although it has not yet been completed. A test of the selling zone, as highlighted on the chart, seems likely, presenting an opportunity to initiate a sell position. To mitigate risk, our strategy involves adjusting the stop-loss after observing initial downward movement. The objective is to target the take-profit levels, specifically tp1 and tp2, with the confirmation to enter the trade centered around the identified selling zone.
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Potential SELL IDEA on AUDNZDWe have waited patiently for price to break and retest the Resistance. We are currently getting ready for a possible drop on AUDNZD. Look alive and drop down to the lower time frame for entry. Break of structure happening now...
AUDNZDapproached major buying zone
bullish harmonic approaching PRZ
bullish divergence
stop buy at break of lh 1.06077
SL 1.05795 TP1 1.06326
TP2 1.06585
AUDNZD Double Bottom Bullish Divergence - Buy Above LHBullish Divergence on Hourly and 4 hour charts
Double bottom on Hourly Chart
Looking to buy above the consolidation area
TPs calculated based on risk taken
1:1.5 RR
AUDNZD LongWanted to wait for price to hit a recent support zone and it looks like history shows that a pullback on the recent downtrend may be due at some point. Price could test the recent low again but we will see what happens. The targets for this trade is where the globes are (purple globes)
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*
✅AUD_NZD LONG FROM SUPPORT🚀
✅AUD_NZ D is set to retest a
Strong support level below at 1.0590
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 1.0615
LONG🚀
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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 - Bearish Double TOP Hello Traders !
On Tuesday 13 Feb, The AUDNZD Reached a Resistance Level (1.06912 - 1.07016).
The Price Formed a Double TOP Pattern.
Currently, The Neckline is Broken !
So, I Expect a Bearish Move📉
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TARGET: 1.06075🎯
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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