audnzd Approaching Support, Prepare For A Bounce
audnzd is approaching its support at 1.052 (100% Fibonacci extension,61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.057 (23.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
Aud-nzd
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!!
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.
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!
AUDNZD Continues Downward to Test the .382 RetracementOn the Ausisie Kiwi we have a nice opportunity to sell the market targeting the .382 fib retracement of the recent bullish leg. This .382 fibonacci level displays significant confluence with the market structure looking left.
Price reversed off of the .5 fib retracement of the larger leg (zoom out), and with clear bearish RSI divergence, the market has begun a deeper correction to fresh lows.
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)
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.
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.
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!
AUDNZD Bullish Wedge, Part 3, Target Reached!Time to take profit and not wait for the exact end of it. Always okay to leave a small part, like 20/30% with a tight trail stop (something i usually do), with a target around that yellow circle. Now its time for the second part of this long term play. I will probably not touch if for a few weeks now and want to see it follow that blue line on the left. There i will most likely start to build up a long position again. Only if i see a perfect pattern, i might short it to the low of that blue line.
Just look at how perfectly that bull flag from the previous analysis played out :).
Previous analysis:
AUDNZD [Daily] Long below 1,04 ( if seen )From the daily chart perspective bulls got the chance to try to move back at least towards 1,0550
RBNZ dovish, so upcoming RBA if neutral stance should be enough
Risk events:
US China trade war
AUD Annual Budget Release
Buying dips towards 1,0380/50 with stops below 0340. First target around 1,0550.
AUDNZD - Market OverviewThe 1st downtrend line was broken, and the price could reach the main resistance zone. It is formed by another downtrend line, 1.04500 resistance level, and SMA50. The market must have solid reasons for breaking this strong resistance. But if it can be done, there will be SMA100 which also act as a strong resistance line.
It looks like the downward movement will be more simple. If there are signals from indicators confirming the price reversal, it will be possible to open short trades with stop orders above the local swing high and profit targets at the lower support levels. Short trades can be opened based on the daily and hourly timeframes.
RSI is going to confirm the price reversal, but this signal will be out of the overbought zone. As a result, it won't be so strong as it could be. MACD still support the bullish movement. DMI is bullish, but ADX line falls telling us that buyers become weaker. IF the price tries to move upward, it will be possible to get a false breakout.