Audnzdforecast
AUD/NZD BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
AUD/NZD: Day-Swingtrade-Execution
Market-Buy-Order: 1,06780
Stop-Loss: 1,06200
Target 1: 1,07325
Target 2: 1,07725
Target 3: 1,08345
Stop-Loss: 58 pips
Risk: 0,5%
Risk-Reward: 2,77
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Peace and good trades
Irasor
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AUDNZD is shifting from Bearish to BullishAUDNZD has been making strong bearish movement for 3 weeks. But recently the market is shifting from bearish to bullish. We can see on 4H that the market is consolidating. And today the market broke the consolidation but we have to see close above the consolidation level on 4H. So, if the market closes above the consolidation level then on the retest of that impulse we can look for a long.
AUDNZD LONG in the short termAUDNZD is position at price @ 1.0748 for a bull run. This is a short term analysis.
Overall, we should expect a pullback of price around @ 1.0741 and 1.0734 and if the price closes below @ 1.0734 then our move will be short to the downside with target price @ 1.0616 and @ 1.0623
I am bullish until the price reaches @ 1.0741
Good Luck Traders.
AUDNZD Inverted Head & Shoulder Pattern Favor BullsThe AUDNZD 4hr chart above shows a classic inverted H&S pattern. Price also broke out of the long-term parallel channel and support & resistance level.
Price has the potential to retest the broken neckline as support and resumes a strong impulse move in wave (3) of iii.
Entry Criteria:
Buy from or below the current market price and put stop loss at the red level.
Wait for the breakout of the green line for conservative entry!
Regards,
Veejahbee.