AUDNZDHi all,
wait for support & resistance reaction, if support breakout you can open short position,
if resistance breakout you can open long position.
good luck!
Aud-nzd
AUDNZD: Potential Breakout Trade
AUDNZD tests a key structure resistance one more time this week.
once again being rejected, it looks like chances are high that the market will soon return to its long term bearish trend.
for confirmation, I will be waiting for a bearish breakout of a rising trendline on 4H chart
(we need at least 4h candle close below)
then we can short the pair expecting a continuation to 1.016 / 1.004
in case of respect of trendline and new higher high higher close, the setup will be invalid
and bias switches to bullish.
WOL3.1 #78 2ºAUDNZD sell stop 1.02292
SL 1.03127
TP 1.00624
R= 83.5 pips
Si el precio llega a 1.01453, mover SL a 1.02125
WOL3.1 #78 3ºAUDNZD sell stop 1.02469
SL 1.03258
TP 1.00891
R= 78.9 pips
Si el precio llega a 1.0168, mover SL a 1.02309
WOL3.1 #78AUDNZD sell stop 1.02386
SL 1.02843
TP 1.01472
R= 45.7 pips
Si el precio llega a 1.01928, mover SL a 1.02293
WOL3.1 #74AUDNZD sell stop 1.01344
SL 1.02637
TP 0.98764
R= 129.3 pips
Si el precio llega a 1.0005, mover SL a 1.01084
AUDNZD LONGThe AUDNZD will be making its way upwards as the main Support has been reached and price has shown signs of struggle in getting past the level. A trend reversal pattern is about to form and when that does its a good buy to risk 204pips in pursuit of 540pips. Another 540pips for Target Profit 2.
Strictly for swing traders.
Also note that viewing the chart from the Weekly time-frame, you will discover the whole time the price went below the Support Level, it was mainly the Weak.
Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0220). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 1.0124
TP2= @ 1.0075
TP3= @ 1.0020
SL: Break Above R2
Don't miss the great sell opportunity in AUDNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0220). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 1.0124
TP2= @ 1.0075
TP3= @ 1.0020
SL: Break Above R2
aud nzd long on coronavirusnew zealand state of emergency declared with selling pressure on the new zealand dollar
australia may gain strenght as gold gains strength which is a top export of gold - and gold strength to be seen with overall dollar weakening
Short Position taken AUD/NZDFX markets have been extremely volatile and so I haven't been trading as much as usual. In times like this its key to wait on the side lines and preserve capital. You should only take trades that meet your entry criteria!
This is is a great setup, one of the best I have seen in a while. We have a complete head and shoulders on the weekly, with a key level on 1.000 below. I have been entered into a short position after a re test of the weekly trend line, key resistance and 50 /20 ema zone. I will take this pair down to 1.000, making it just under 2.5:1 reward / Risk
Selling AUDNZDSet up: Daily retracement to the 61.8 fib level and a previous S/R zones (dashed line), possible continuation of the downtrend.
Trade: Entry at the psychological 1.3 level, setting the SL a few pips above the 61.8 and the previous S/R level. TP is taken at the relevant fibonacci extension.
AUDNZD LONG 200PIPSAlready in here! Not first time on this position, we managed some pips here a few days ago. we ae near support again, Entering for the long run, small position first, 80pips SL. will try to add more if the analysis turns out to be good
What do you think?? Leave a comment!!
AUD/NZD forming interesting reversal patternThe AUDNZD pair reached an important support on the daily chart and formed powerful reversal patterns near the 1.00 round-number.
The ASX 200 and NZX 50, and AU/NZ yield differentials support higher prices in the coming days.
Interesting pair to watch. If you like the analysis, please hit the "LIKE" button to support our work. Thanks!
AUDNZD ON KEY STRUCTURE
AUDNZD dropped to 2015's structure low.
though my traders have already bought aggressively, I suggest being more patient and let it reach 1.0 level.
there is some magic in these "round" numbers and buying from this level will give us the highest protection and perfect r/r ratio.
for the initial target, I will be aiming at 1.02 level - 2018's structure low.
good luck!
AUD NZD BUY (AUSTRALIAN DOLLAR - NEW ZEALAND DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Buy on AUDNZDHello people.
Here is an analysis on AUDNZD.
The blue lines are strong support and resistance.
The pair is currently in its channel and is going down.
We can also see that it is not breaking its lower high
but is breaking its lower low.
TP=1.03200 SL= 1.02770
$AUDNZDFX:AUDNZD
Making big symmetrical triangle on weekly time frame.
Break bellow will target 0.88/0.9 area.
AUDNZD - Long opportunityPAIR IN FOCUS: AUDNZD
PLAN: LONG
ENTRY: 1.04050
STOP LOSS: 1.03670
TP 1: 1.04530
TP 2: 1.04880
TP 3: 1.05190
REMEMBER TO MANAGE YOUR RISK!
AUDNZD Day Trade (Short)Short Day Trade, on the 5, 15 and 30 minute chart we can see bearish divergence occurring. We lost the move that took us to the high on the 5m chart. If we lose the 1hr/30m move to the high we should prepare ourselves for a move lower to 1.04450 area.
