NZDAUD trade ideas
AUDNZD (Elliott Wave)Hello friends
In the AUDNZD currency pair, we see the completion of 5 full bearish waves.
These 5 waves are in a descending channel. Therefore, we can consider it as a corrective wave A.
Now the first thing that comes to mind is the beginning of wave B.
But what is the condition for the formation of wave B?
The first case is the formation of a higher high (HH)and the second case is the breaking of the downward trend line formed on the roof of the channel.
So, to start a buy trade, you can wait for the break of the downtrend line of the channel and pullback to it.
The first target is 1.08500 and the second target is 1.09500.
If the price fails to break the channel and make a lower bottom, our theory will be invalidated.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.
AUDNZDAUDNZD in bearish trend, right now price in retracement, most probably chance that last support will act like a resistance and also the fib level is 0.5%.
AUD/NZD For Pull-Back and Correction Wavewait for creating lower high at red arrow between fibo levels (50:61) and go short
- General Trend is Down
- if price break support level at green arrow then you can enter another short trade and take target 2
have fun :)
AUD/NZD ShortContext:
• Monthly neutral / sideways
• Weekly bearish FVGs, ignored bullish order block
• Clearly bearish
Idea:
• Short at daily FVG
Entry:
• Entry Range: 1.0774 to 1.0787
• Entry Signal: Reversal Setup on 30min - 1h
Scenario:
• Liquidity sweep above 1.0774 (dashed line)
• Avoid building a FVG on 4h
Stop:
• Above your Reversal Setup / Entry Setup
Scenario invalidet
• 4h Close above 1.0771
→ Next location would then be 1.0806
Please leave a comment if you have any suggestion or question.
AUD/NZDThe inverse head and shoulders pattern is a popular chart formation in technical analysis that is often used to predict a reversal in a downtrend. Here’s a breakdown of the pattern:
Structure of the Inverse Head and Shoulders Pattern
Left Shoulder: The price declines to a trough and then rises.
Head: The price declines again, forming a lower trough.
Right Shoulder: The price rises once more, declines but forms a higher trough than the head.
Neckline: A resistance level formed by connecting the highs after the left shoulder and the head.
How to Identify the Pattern
Downtrend: There should be a preceding downtrend to reverse.
Left Shoulder Formation: The price drops to a low (left shoulder), then rises.
Head Formation: The price drops again to an even lower point (head), then rises.
Right Shoulder Formation: The price drops but stays above the previous low (right shoulder), then rises.
Neckline Break: The pattern is confirmed when the price rises above the resistance level (neckline).
Trading the Inverse Head and Shoulders Pattern
Entry Point: Traders typically enter a long position when the price breaks above the neckline.
Stop Loss: A common place to set a stop loss is just below the right shoulder or the head, depending on your risk tolerance.
Price Target: The price target is often determined by measuring the distance from the head to the neckline and projecting this distance upwards from the neckline breakout point.
Time to buy AUDNZD Price is now at a fresh demand area and next target is the 4H supply area. When the trade is up with 1:1 locked your profit and Manuel take profit can be done when the trade is up with 1:2. good luck with the trade.
AUDNZD longAUDNZD was bearish formed LHs and LLs and then there is Bullish divergence on RSI and it failed to break its previous LL and due to that we can assume the market turned its position to upward side.
AUDNZD - Look for Continuation Long (SWING) 1:4!The price is currently forming a symmetrical triangle chart pattern on the Daily Time Frame (DTF) for AUDNZD. The strategy involves waiting for the price to convincingly break the descending trendline (TL) and exercising patience within the demand zone before initiating a trade. This analysis is particularly relevant on higher timeframes such as H4 and D.
Additional support for this setup comes from a Double Bottom Chart Pattern on the Daily (D) timeframe and the presence of a weekly (W) trendline. This is considered a promising setup, contingent on certain conditions. It's essential for swing traders to implement proper risk management, setting a Stop Loss (SL) around 40 pips. However, it's important to note that a breakout may not occur immediately, especially considering that AUDNZD is classified as a minor currency pair.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
AUD/NZD +230 Pips 0 Drawdown , Did You Enter With Me ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
#AUDNZD
Accurately, according to the analysis, the first sales target was recorded, the next steps of descent
AUDNZD -RANGE 1.05500-1.10500Dear Traders,
it seems AUDNZD playing in Range 1.05500-1.10500
i expect price will start downward movement to 1.07500 -1.05500 (1-2 Weeks)
what you think about my idea?
dont forget like&Comment please !
Regards,
Alireza!
AUDNZD RBNZ is outhawking RBAHey Traders, in today's trading session we are monitoring AUDNZD for a selling opportunity around 1.08700 zone, AUDNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08700 support and resistance area.
Trade safe, Joe.
AUDNZD Know when to buy and sell. Strong pattern ahead.The AUDNZD pair is currently consolidating exactly on the 1D MA200 (orange trend-line) following the May 07 rejection near Resistance 1, which resulted in a strong sell-off. We expect this sell-off to extend at least as low as the 0.618 Fibonacci retracement level (blue) and then rebound towards the Symmetrical Resistance Zone, approximately on the upward 0.618 Fib (black).
Our long-term Target is eventually 1.06600 (near Support 1). Our projection is based on the similar price action of June- July 2023.
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Trade Like A Sniper - Episode 13 - AUDNZD - (3rd June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing AUDNZD, starting from the 12-Month chart.
- R2F
GBP/CAD Long, AUD/NZD Short, USD/CHF Short and GBP/AUD LongGBP/CAD Long
Minimum entry requirements:
• Break below area of value.
• 1H impulse up above area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• If 2 touch 15 min continuation, 5 min risk entry within it.
USD/CHF Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/AUD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
AUDNZD - Bullish ReversalAUDNZD on 4 Hrs chart shows the divergence with confirmation of double bottom. Entry at previous HH (trend break).
AUDNZD Bearish Trading IdeaDisclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice.
At the monthly timeframe, the pair was doing what I believe was a wyckoff accumulation. In which it left an unmitigated past point of demand (LPD).
Going down the weekly timeframe, the pair did a quasimodo pattern (QM), with the head touching a supply zone. Additionally, I was able to reduce the LPD.
If you don't know what is quasimodo, I'd recommend you to watch the following video www.youtube.com . This YouTuber explains clearly supply and demand concepts, go watch his videos if you want to learn more.
At the daily timeframe, the fakeouts become more apparent (marked with $$$). Additionally, the LPD was further reduced.
Furthermore, at the 4H timeframe, the picture becomes more clearly. At the top of the head of the QM pattern, you can see an unmitigated supply zone. The zone is just above a fakeout level marked with $$$.
Also, it is possible to notice an unmitigated LPD just below a fakeout marked with $$$.
I believe price will complete the QM pattern to mitigate the 4H unmitigated demand zone, then it will drop until the LPD. After mitigating the LPD it will took off for a long term uptrend completing the monthly wyckoff accumulation pattern.
For now I'll be focusing first on the sell and then once near the LPD area, I'll start looking for long-term buys.
DeGRAM | AUDNZD returning to the channelAUDNZD returned to the descending channel and fixed above the lower boundary.
The price rebounded from the support level, which was a consolidation zone for a long time.
We expect the rebound to continue after fixing above the trend line and overcoming the resistance level.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
AUDNZD long movePrice is rising towards our resistance level, if there should be a break then we will be expecting more upside movement in price.
AUDNZD Set To Grow! BUY!
My dear subscribers,
AUDNZD looks like it will make a good move, and here are the details:
The market is trading on 1.0812 pivot level.
Bias - Bullish
My Stop Loss - 1.0778
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0871
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
