Audnzdforecast
AUD/NZD Time for a reversal?Hi Traders
AUD/NZD Signal (H1 Timeframe)
A medium to high probability, entry to go SHORT is forming @ 1.07632 after the market found resistance @ 1.07949. Only the upward break of 1.07949 would cancel this bearish scenario.
Trade details:
Entry: 1.07632
Stop loss: 1.07949
Take profit 1: 1.07445
Take profit 2: 1.07128
Take profit 3: 1.06611
Score: 6
Strategy: Bearish Trend Reversal
AUD/NZD Rejecting From TrendlineThis is rejecting from the upper trendline. I want to see this continue to retrace to the support zone before rising and breaking above the trendline and onto the more significant downward trendline just above.
For best entry need to monitor this on 4HR timeframe using MACD and EMA's to find the moment this turns back higher from support. Another entry method would be to wait for this to turn higher and break the trendline and then enter a long on the retest of the trendline as a support.
Target is the major trendline above (marked in blue). Around 1.09500
AUD/NZD Possible Short FormingHi Traders
AUD/NZD (30M Timeframe suggesting a possible SHORT)
A medium to high probability, entry to go SHORT is forming @ 1.06435 after the market found resistance @ 1.06647. Only the upward break of 1.06647 would cancel this bearish scenario.
Trade details:
Entry: 1.06435
Stop loss: 1.06647
Take profit 1: 1.06327
Take profit 2: 106131
Take profit 3: 1.05812
Score: 6
Strategy: Bearish Trend Reversal
AUDNZD - Buy Entry - D1 Daily ChartAUDNZD - Buy Entry - D1 Daily Chart
Buy @ Current Market Price or on pull back into Buy Zone
Stop Loss @ 0.5% to 1% of your Account Balance
Take Profit @ mR1-Y1 - Possible TP @ 1.0875
Take Profit @ I will update when to close - Follow me to receive updates ✅
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||AUDNZD SELLERS HELD HOSTAGE ! ABOVE 1.080XBuyers of the aussie are holding bids @ 1.079x area and sellers are having to compensate their loses real quick as price tries to hold water at 1.0808x highs being tested multiple times ,over night trading in the asian markets will give push in price above 1.0808x zone and am expecting market reaction in london session above 1.082x area .
With no economic data until thurday on either currencies we should have strong technical bias on this trade from start of the week until we get both unemployment and interest rate figures towards the end of the week
Expecting an entry point in 1.084x area with it holding most sell side liqudity for a push lower to around 1.0793x
Ps-dabag