AUDNZD Sell Setup – Fibonacci Retracement Strategy
🕒 Timeframe:
4H or Daily (adjust based on your trading style)
📍 Key Levels:
Swing High: Recent high (e.g., 1.0940 area)
Swing Low: Recent low (e.g., 1.0700 area)
Use the Fibonacci retracement tool on TradingView:
Draw from the Swing High to the Swing Low.
Mark the key Fibonacci levels:
0.382 (~1.0795)
0.5 (~1.0820)
0.618 (~1.0845)
🔍 Entry Idea:
Sell Zone: Between 0.5 and 0.618 retracement (1.0820–1.0845)
Look for a bearish candlestick pattern or rejection wicks at these levels.
🎯 Targets:
TP1: Previous swing low (~1.0700)
TP2: Extension to 1.618 level (~1.0620)
🛑 Stop Loss:
Above the swing high or above 0.786 retracement level (~1.0880)
✅ Confluence:
Bearish trend or break in structure
RSI divergence or overbought on H4
Bearish price action at Fib level
🕒 Timeframe:
4H or Daily (adjust based on your trading style)
📍 Key Levels:
Swing High: Recent high (e.g., 1.0940 area)
Swing Low: Recent low (e.g., 1.0700 area)
Use the Fibonacci retracement tool on TradingView:
Draw from the Swing High to the Swing Low.
Mark the key Fibonacci levels:
0.382 (~1.0795)
0.5 (~1.0820)
0.618 (~1.0845)
🔍 Entry Idea:
Sell Zone: Between 0.5 and 0.618 retracement (1.0820–1.0845)
Look for a bearish candlestick pattern or rejection wicks at these levels.
🎯 Targets:
TP1: Previous swing low (~1.0700)
TP2: Extension to 1.618 level (~1.0620)
🛑 Stop Loss:
Above the swing high or above 0.786 retracement level (~1.0880)
✅ Confluence:
Bearish trend or break in structure
RSI divergence or overbought on H4
Bearish price action at Fib level
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.