AUDNZD after the last impulse is testing the trendline below a minor resistance. According to Plancton's strategy if the price will break above we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h...
AUDNZD is approaching buy entry, in line with 61.8% Fibonacci retracement , 127.2% Fibonacci extension , ascending trendline support and horizontal swing low support. We could see a bounce from here and further rise up to reach take profit level, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Price is also holding above moving average...
Rationale: *Last week the RBNZ made a material shift in their policy stance by providing forward guidance that they project a hike in the OCR to occur by September 2022. This was despite the fact that the bank still acknowledged that there is a long way to go for things like growth, inflation and the labour market and showed that the bank’s decision was not only...
See Signposts for key price action details.
AUDNZD after the test of the weekly trendline moved above to the resistance zone at the 1.07200 area. The price is now testing it and according to Plancton's strategy if the market will break above we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure ->...
See Signposts for key price action details.
I am planning to sell AUD/NZD, Looks like its approaching resistance level.
I belive the correction is now finished. We wait for 3 waves down then we take long.
im waiting for AUDNZD to enter the sell Zone for selling AUDNZD Sell AUDNZD when it enters the Zone. Entry: 1.07097 - 1.07185 SL: 1.07357 TP1: 1.06700 TP2: 1.06200 Please leave a like and comment what you think!! Thank you.
This is not a traditional type of trade we would normally take, swing trade that is, but with the much better than expected data out of Australia in Q1 of 2021, ofcourse the trade is supported with technical indications which we're about to list below. - 10 DAY EMA Price has moved above the 10 day ema, and is supported by higher lows leading to a rejection level,...
As you can see that price has reached a key support level, i have entered a long position and i will be holding this for a long time. I am very bullish on the aussie and bearish on the nzd.
AUD, NZD & CAD: No surprise for the CAD to see the biggest net long positioning change once again among the majors after the BOC’s recent hawkish tilt. The recent comments from the BOC about the CAD’s strength are a reason for us to pay attention to current levels in USDCAD. Arguably a lot of the positives for the CAD is already reflected in the price, and the...
funny i used long short, you know I mean a swing short position would be nice to watch out for, more ideas pls, rsi on line 50, weekly close will give us more confirmation, but I see rejections on that resistance already
AUDNZD is moving in a descending channel. The price after a range move between 2 structures is approaching the upper descending channel. According to Plamcton's strategy if the price will break above we will set a nice long order, --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure...
The pair is currently ranging and the price is located at the lower boundary of the range. We are expecting the price to grow and hit the upside boundary🔮