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New Zealand Dollar/Australian Dollar

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NZDAUD trade ideas

$100k Challenge - AUDNZD Long - E1 T2Hey everyone! After some time off the charts, we're back with the funded account challenge! TL; DR for those new to the series: I started a funded account challenge in 2023, which had a bumpy start with an excellent recovery. We're currently sitting at around -3% and the target is 10%. I noticed my feedback cycle was too slow as I was trading from the daily/H4 timeframes, so, starting season two of the challenge, I'm trading out of the H4/H1 timeframes to increase the feedback loop so I can identify quicker any mistakes, as I've been away from manual trading for quite a while. We started season two with a long trade. The market has found support after a long down-trend; we did have a break of a bearish trendline; however, the market kept pushing to the downside to fail to make new lows finally. This is the opportunity I'm looking for, as we had a recent failed break in the support area, and the price action currently shows a solid bullish presence, leaving a morning star pattern right at the support zone. Regarding targets, I'm aiming for the closest resistance at the 1.0700 area, and as usual, I'm leaving the second half of the trade open since I consider that if the market breaks that resistance, we're in for quite a long bullish ride. Remember to follow me so you can stay updated with the challenge's progress! ;) That's it for today. Until the next trade!
Long
by FernandoBorea
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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
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. Please follow, boost, and comment. Your engagement is valued, and comments are welcome. Thank you for your support!"
Short
by greatbabfx
1