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Aud-nzd

"Trade Idea Fully Explained" AUD/NZD by ThinkingAntsOkTRADE IDEA ON AUDNZD Before explaining the trade we will see the context of this instrument on the Weekly chart: On the Weekly chart, the main items we can see are: a)Price broke out from an ABCDE Triangle formation ( Triangles are continuation patterns in this context) b)After the breakout price tried several times to re-enter to the triangle area without success, we can consider this as a weakness of the demand over the supply. c) If we consider the Possible targets after a triangle structure of this size is broken, the downside move is huge, so we are going to try taking advantage of this situation on the 4hs chart. On the 4hs chart, the main items are: a)Currently, price is on an ascending movement, we don't know exactly where is gonna be the reversal zone but we have 2 different possibilities explained on the chart b)If the reversal happens, consider to look an entry below the support zone and look for the ascending trendline of the corrective structure as a Take profit zone c)Remember is really important to set your stop loss correctly and maintain a good risk-reward Ratio, we will update the post if the price goes as expected *Please note that the above perspective is our view on the market, We do not give signals and take no responsibility for your trades.
Short
by ThinkingAntsOk
AUDNZD - SWING - 08. MAY. 2019WELCOME TO DACAPITAL-TRADING! AUDNZD FOREX BREAKDOWN 08 MAY 2019 1 HOUR Strong H4 Candle Takeout and sellers stopout expecting some strong downside movement! 4 HOUR Bullish market turning into bearish waves now, following the next move. DAILY Good short entrys with a good risk reward ratio. SWING SETUP SELL AUDNZD ENTRY @ 1.06520 SL @ 1.07340 TP @ 1.04620 RR: 2.30 (Use normal Risk!) IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
Short
by DACapitalTrading
AUDNZD FORMING BAT HARMONIC PATTERN! BUY AND SELLIN THE FIRST FIB LEVEL WE HAVE USED HIT THE 50% MARK AND SHOWN REJECTION OF THIS AREA. I WOULD LIKE TO SEE THE BEARISH MOMENTUM COMEDOWN LOWER TO THE 1.04840 MARK WHICH WILL HIT OUR SECOND TARGET TO COMPLETE THIS BAT PATTERN WHICH IS ETWEEN 38.2-50% FROM HERE I WOULD LIKE TO SEE A STRONG BULLISH MOVEMENT TO THE 88.6 LEVEL. IF WE DO SEE THIS, THIS WILL COMPLETE OUT BAT PATTERN. FURTHERMORE IF WE DO N0T, THIS SET WILL NO LONGER BE VALID. WE HAVE ALSO BROKE A BULLISH TRENDLINE AND RETEST IT, THEREFORE THE TREND COULD CONTINUE BEARISH, WHICH WOULD MEAN OUR SET UP IS NO LONGER IN PLAY.
by asg1
AUDNZD Head & Shoulders, Strong Structure+Fib Confluence LevelsAUDNZD is presenting us with a great opportunity to sell the market. Price recently reversed off of the . 382 retracement of the most recent bearish impulse leg and began its move back downward. This price action has established a nearly completed Head and Shoulders pattern, which provides us with additional opportunities to sell the retest of the broken neckline. If the Head and Shoulders pattern is completed, and price breaks the neckline, I expect price to reach my first target at the 1.272 extension of the most recent bearish impulse leg--a level that has strong confluence with: 1. The .5 retracement of the large bullish impulse leg. 2. A historical level of support established on April 11, 2018 IF price touches this level, I expect a bounce upward to retest the neckline of the Head and Shoulders pattern followed by movement downward once again. IF price reverses downward after retesting the neckline, my final target will be the projection of the Head range (shown in blue). This level has strong confluence with: 1. Recent resistance between the 18th and 19th of March 2019 2. A strong historical level of support established on June 22, 2017 Goodluck!
Short
by AidanMDang
AUDNZD WEEKLY SHORT SETUP 300-700PIP SWING TRADE IDEALooking at AUD/NZD just need a Daily/Weekly reversal pattern to form before going short. If a Counter-trend line does form on the 4hr or Daily I will use that to help with more precise entries. -We had a Weekly Uptrend break. It has been retested the back end of the uptrend previously for a 365 pip drop. It has reached our point of interest once again in which we can look to go short again (If confirmations are met). -Initial Targets (Previous Weekly Lows). 2nd Target (100 fib) 3rd and final target (-27. Extension)
Short
by Lm7ee
AUDNZD - Wait for rejectionGood night everyone, Audnzd is being on a strong buying rally from 1.03 level As we can see on weekly chart (left) AUDNZD broke the uptrend tested multiple times and now it re-testing it, it may work as resistance. On the daily chart (right) we can see price is now struggling on our 200 sma , should the price close under 200sma then we might have a good opportunity to short aiming 1.059 and 1.045 levels, RSI is already overbought. Watch out since this wednesday we have variation in employment numbers (sorry if this is not the proper translation) and this number reveal the strenght (or weakness) from australian market. Good trades everyone . This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Short
by MarcelMartins
Aussie Kiwi Pullback!In the 4 hour chart we can see it has reached to the recent high located at 1.06250, now it should go back to complete the pullback forming the first set of higher highs/ higher lows. The center line where the arrow points is a good level of past resistance where this time it could covert to a support. Also a 50% Fibonacci level, placed at 1.04500. It is clear that the pair is searching to form a new bullish trend, this pullback can be taken with a couple trades and go back to trend following.
Short
by ryangreider
AUDNZD - Perfect Cypher PatternThe blue box criteria: - An orange support line which now becomes resistance - Round number 1.06000 - A perfect Cypher pattern - Lower timeframes RSI Divergence There is also a possible breakout trade opportunity, wait for a counter trendline break, at least 1H candle close, perfect would be 4H candle close below the counter trendline: Please, take a second and support my idea post by hitting the "LIKE", it is my only fee from You! Have a nice day, Best regards! *This information is not a recommendation to buy or sell, it is used for educational purposes only!
Short
by VaidoVeek
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