Aud-nzd
AUDNZD Update: Profit=863 SL=120 Reward/Risk > 7.2:1 Trade Setup summary:
Profit targets=863 pip (60 + 110 + 173 + 230 + 290)
Stop Loss =120 pip
Reward/Risk > 7.2 : 1
Current Status:
Total Profit: 649 pip
Closed trade(s): 649 pip Profit
Open trade(s): 0 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 1.0676 based on 'previous Forecast' at 2020.07.27 :
Closed Profit:
TP1 @ 1.0890 touched at 2020.07.27 with 45 pip Profit.
TP2 @ 1.0867 touched at 2020.07.28 with 72 pip Profit.
TP3 @ 1.0813 touched at 2020.08.04 with 137 pip Profit.
TP4 @ 1.0748 touched at 2020.08.10 with 191 pip Profit.
TP5 @ 1.0721 touched at 2020.08.11 with 204 pip Profit.
45 + 72+ 137 + 191 + 204 = 649
Technical analysis:
. AUDNZD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (1.0880) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 1.0940
TP2= @ 1.0990
TP3= @ 1.1053
TP4= @ 1.1110
TP5= @ 1.1170
SL= Break below 1.0856
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AUDNZD Update: Profit=863 SL=120 Reward/Risk > 7.2:1 Trade Setup summary:
Profit targets=863 pip (60 + 110 + 173 + 230 + 290)
Stop Loss =120 pip
Reward/Risk > 7.2 : 1
Current Status:
Total Profit: 649 pip
Closed trade(s): 649 pip Profit
Open trade(s): 0 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 1.0676 based on 'previous Forecast' at 2020.07.27 :
Closed Profit:
TP1 @ 1.0890 touched at 2020.07.27 with 45 pip Profit.
TP2 @ 1.0867 touched at 2020.07.28 with 72 pip Profit.
TP3 @ 1.0813 touched at 2020.08.04 with 137 pip Profit.
TP4 @ 1.0748 touched at 2020.08.10 with 191 pip Profit.
TP5 @ 1.0721 touched at 2020.08.11 with 204 pip Profit.
45 + 72+ 137 + 191 + 204 = 649
Technical analysis:
. AUDNZD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (1.0880) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 1.0940
TP2= @ 1.0990
TP3= @ 1.1053
TP4= @ 1.1110
TP5= @ 1.1170
SL= Break below 1.0856
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUDNZD Price is showing Bearish near R2 on the hourly. This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
AUD/NZD: 5 major reasons for a sell + TechnicalsTECHNICALS:
AUD/NZD is trading at a major daily resistance level and started to form a bearish wedge pattern on the H1 chart, where a fresh lower high is already evident.
The bearish wedge formation signals weakness in the recent uptrend, with projections above previous peaks failing to move significantly to the upside.
A break below the bearish wedge provides a selling opportunity in this case.
POSITIONING:
Latest CoT report shows that both the AUD and NZD positioning is mixed, with some market participants increasing and some decreasing their bullish bets.
CORRELATIONS:
Australian and New Zealand stock market ratio is bearish for the pair. There is a huge gap to close here, which can be seen on the chart.
INTEREST RATES:
Also on the correlations chart above is the interest rate differential between 2y AU and NZ yields. Again bearish for the pair.
UPCOMING ECONOMIC REPORTS:
Wednesday - RBNZ monetary policy meeting. Given the recent strong labour market numbers coming from New Zealand, and their handling of the pandemic (no new cases), the meeting could be more hawkish (or less dovish, if you like) than expected and support the NZD.
== SUMMARY ==
My traders and I will look for selling opportunities in this pair.
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AUDNZD Long - FlashcardAUDNZD - Long
Direction: - There is Bullish Momentum and Orderflow indicating the pair will go long.
- AUDNZD went into the Bullish OB and is approaching the next level of a Bullish Cycle.
- Pair broke YL (Yesterday's Low) indicating possible entry for a buy.
Entry: - W (Double-Bottom) Pattern Formation.
- Today's low was held with pins to the bottom side, indicating low was probably not going to be broken.
- Divergence showing me pair is a buy.
- Volatility band squeeze below the 50 indicates a burst to the upside.
- MBL (Market Base Line) curving upwards below the 50, indicating pair will rise.
- RSI crosses the volatility bands (Shark-fin) indicating a rise in the pair.
- RSI near the 32, indicating pair is exhausted and near oversold.
- 13 EMA Cross indicates pair will continue rising above the 13 EMA.
Exit: - 44 pip TP @ just below YH (Yesterday's High).
- 16 pip SL @ just below today's low.
Waiting for a correction on AUDNZD by ThinkingAntsOkMain items we can see on the chart:
a) The price has reached a major Resistance Zone
b) Before that, we have observed a breakout of a clear corrective Structure
c) The Target of that breakout goes beyond the current resistance
d) However, we expect a correction on the current level before the continuation of the bullish trend
AUD/NZD STRUCTURE SHORT|
The pair is trading near the resistance of an upward channel, while also having reached a strong horizontal level.
Therefore, the expected move direction is down.
The yellow square indicates the resistance confluence zone.
Keep your sell limits in the square area, and short if the price spikes there.
Thank you for reading, like and subscribe and have a nice day!
AUDNZD - SWING - 03. AUGU. 2020Welcome to our weekly trade setup ( AUDNZD )!
-
1 HOUR
Bearish price action right now..
4 HOUR
Overall bullish market formed new highs.
DAILY
Expecting prices to turn bearish now, good short entries!
-
FOREX SWING
SELL AUDNZD
ENTRY LEVEL @ 1.07510
SL @ 1.07940
TP @ 1.06870
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Following the 4hs movement on AUDNZD by ThinkingAntsOkMain items we can see on the chart
a) Last week we observed a clear minor corrective structure, and the target was the next resistance zone
b) The price moves as expected after the breakout of the minor corrective structure, and now we can observe the 2nd one
c) We will use the same logic for this structure if the price breaks it, we will aim for a bullish movement towards the previous target
d) REMEMBER: Waiting for clear corrective patterns is always the best way to trade the market; first you wait for something you feel extremely clear, and after that, you look for a breakout signal that provides you with a good risk-reward ratio towards the next support/resistance zone
AUDNZD on the way to the Target by ThinkingAntsOkMain items we can see on the chart:
a) We observed a clear minor corrective structure after the breakout of a major corrective structure
b) This structure was also supported on a clear horizontal zone (support/resistance)
c) When we find this kind of situations with coherence in multiple aspects, we can say we are in front of a high-quality setup
d) The movement is currently going as expected (from a technical perspective) and we wait for the resistance zone to be hit
AUDNZD: Key Level & How to Trade It
AUDNZD is approaching a strong daily/4h structure support.
the underlined yellow area is based on a horizontal structure and fib.confluence of multiple impulse legs.
Friday's daily candle has been rejected from it with a dodji candle.
to catch a bullish movement from this key level,
pay attention to a bullish flag formation on 4H.
let the market break above that with 4H candle close.
then buy aggressively or on a retest.
initial target will be 1.0727
stop will be below the last higher low within the flag.
in case of bearish continuation and bearish violation of the underlined structure,
setup will be invalid.
