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Audnzdh4

AUDNZD Carves Bull Flag Following 690 Pip RallyOver the weekend I mentioned the 1.0765 handle on the AUDNZD. Before the March 3rd close above the area, it had served as resistance on several occasions since May of last year. Although buyers haven’t shown much urgency, they have managed to hold price above the 1.0765 area this week. Furthermore, if we drill down to the 4-hour chart, we have what appears to be a channel within a channel. The price action over the last four weeks has carved out the larger of the two patterns. This formation has the look of a bull flag following the 690 pip run up from the current 2017 low of 1.0325. Within this descending channel, we have a similar yet steeper pattern. Today’s intraday break above resistance at 1.0808 signals that buyers may be ready to have another go at the larger channel resistance near 1.0900/10. From here, there are two ways to play the recent price action. The first is to watch for a buying opportunity on a rotation back to former resistance near 1.0800. A firm bid in this area would likely take the pair back to the 1.0900 region. The second option is to wait for a break of the larger channel before considering an entry. Although you’ll miss a portion of the move, the four-week structure is the more obvious play here in my opinion. I’m going to stand aside for now given the upcoming Australia employment figures at 9:30 pm EST. If we get a proper buy signal following the event, I may consider an entry. Otherwise, I’ll wait for a close above resistance near 1.0900/10.
Long
by Daily-Price-Action
AUDNZD Perfect Short opprotunity and Analysis Two scenerio conform our view on Audnzd ,,,, First ,,he made elliotwave pattern and now in elliotwave corrective move B to C,,,C corrective move complete at 1.0700 ,,,, 2ND ,,,he maade ABCD Pattern ,,,From top 1.1000 to 1.800 and then according to bc retracement ,pair going to 1.0700 level........nzdusd also bullish ,,,,sell from 1.0950 and tp 1 is 1.0800 and tp 2 1.0700 Also Show shooting star in Daily candle on 78.6 fibo level ,, that also conform the bearish trend in Audnzd ,,, Also audnzd breaking trendline on 30min chart Prefer to sell from 1.0950 and tp1 is 1.0800 and tp2 is 1.0700 Good luck
Short
by KhanBaba786
3
Confluence on AUDNZDHey traders, another analysis i really enjoyed today. This is one of my favorite style, for youhave to support your view by adding more and more clues (of value) to your side. Here on AUDNZD we are at a bigger Gartley completion, and we can see a nice AB=CD pattern and a Fibonacci cluster all right there. In addition to that, we also are in an OVERBOUGHT condition on RSI. Obviously if you scroll the chart you can see there's also a structure level on the left. The confirmation signal is given by the current engulfing candle. Entry at market, stops and targets as in the chart above. Let's see. If you have any question, please ask beneath. Otherwise, see you in the next chart!
Short
by Roker1
2
Aother 2618 on AUDNZDHi traders, this setup is similar to the USDJPY's one. We are testing a resistance level (blue line) and we created a double bottom with rsi divergence and then we broke that to the upside, giving us reason to believe in a change of trend. So we wait for a .618 retracement of the impulse leg that broke the double bottom and then we buy the market. First target at the retest, with roughly a 1:1 RR, and second target for a bigger move to the upside. If you have any comment, please do underneath. Otherwise, see you in the next chart!
Long
by Roker1