Lingrid | AUDNZD long from the SUPPORT levelFX:AUDNZD has broken through the range zone and has created new extensions. It is currently hovering around the key level of 1.1000. The market appears to be in an accumulation phase, suggesting a potential upside move that could result in new highs. As the price consolidates, I anticipate a pullback to a support level followed by an upward move to retest the recent highs. It is likely that the market will reach the resistance on the daily timeframe. My objective is to reach the resistance zone at 1.10070.
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NZDAUD trade ideas
AUDNZD Will Go Higher From Support! Long!
Please, check our technical outlook for AUDNZD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.095.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.097 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUD/NZD Giving An Amazing Bearish P.A , Time To Sell It ?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 PULLBACK TRADEI am expecting a pullback trade from the current daily support level where the market is now.
If we analyze the 1-hour chart, a head and shoulders pattern has formed, and the pattern neckline has been broken upwards. We will take the trade on the retest.
Buy limit 1.0962
Sl 1.0945
Tp 1.0982 and 1.1002
AUDNZD Reversal: Key Fib Level Could Signal Further Bearish MoveAUD/NZD 1-hour chart shows a clear example of a trend reversal by breaking the lower high. Now, I'm watching the 0.5 Fibonacci level. If the price breaks this level at 1.09650, I anticipate a further bearish move. Let's wait and see what happens next.
SELL AUDNZD for trend reversal SELL AUDNZD for trend reversal
update
STOP LOSS : 1.1038
From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too...
there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here