Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.0515). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.0515). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
AUDNZD after the attempt to break the 1.05500 started a minor retracement move. The price touches the support area at 1.05150 over the 0.382 fib level and bounces over it. IF the market will break above the upper trendline we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly...
There was apparently no motivation for sellers to continue the advance lower and neither does it seem pragmatic. AUD buyers are showing up once more and this looks like the prelude to an exciting momentum gambit. The trigger comes from a leap above the latent highs, it will move us forward full of energy as shorts start covering and the youthful arrogance of...
Hello traders, TECHNICALS: The pair reached multi-month lows and continued to trade in a healthy downtrend, although the current fall looks somewhat overextended. Selling volume is rising, but institutional players haven't had the opportunity to square up their books just yet, which is why I expect a pullback to the liquidity zone. POSITIONING: Short...
AUDNZD is inside a daily descending channel. The price after hitting the 0.618 of the weekly fibonacci retracement bounce over it. Now the market is testing a daily resistance area and if the price will break above the 1.05900 area we can set a nice long order according to Plancton'sa strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure ->...
AUDNZD dropped to important 0.5 Fib. level. The importance of this level is identified by strong wick and rejection of resistance trend line. We expect bulls to move the market. GOAL: 1.06244
After a quite long accumulation, bears managed to break and close below a major 3 days/daily structure on AUDNZD. now the broken structure turned to resistance, and bears will push much lower. I am now bearish biased and will wait for a retest of the broken level to look for short opportunities. the next major support area is 1.026 - 1.036. it is the next...
As a part of my trading strategy a martingale with calculated risk. Steeper trend lines give the best results on correlated pairs. Trade at your own risk.
AUDNZD is sitting on a demand zone+ reversal patterns. Same trading tactics
Here we go: My veiw on AUDNZD: Take profit: 1.11400 Stop Loss: 1.03500 Considering the current situation, I think the price will go a bit down before it goes all the way up. So my prediction for FX:AUDNZD still is a bullish move. Tell me whatcha think about it :) Make a huge profit out there. Love y'All 💛
AUDNZD reached support level, going long after breakout,
Double top pattern potentially coming thru on this pair at a resistance zone, would await formation of second top before capturing the last leg of the "M" down to the support below / start of pattern.
AUDNZD on the daily chart is moving inside a descending channel . The price bounce at the lower trendline of the channel and went for the retest of the weekly resistance structure at 1.07100. IF the price will break and close below the minor support area we will set a nice short orde according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣...
Price is approaching our key resistance in line with our descending trend line where we could see a reversal below this level.