Audnzdidea
AudNzd- 1.08 should provide a good selling opportunityAfter finding strong support at 1.03 at the end of November, AudNzd has started to rise and now is approaching 1.08 strong resistance.
AudNzd is usually a range pair and I expect retracement after reaching this zone
Bears can target 1.06 support for their trades
AUDNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDNZD (15m) OUTLOOKHi Friends,
Observe and Learn only:
AUDNZD🔥🔥🔥 will be good for shorting between 1.04104 and 1.04189 with SL - 1.04285 and targets;
Target 1 - 1.03903
Target 2 - 1.03792
Target 3 - 1.03706
Target 4 - 1.03597
Target 5 - 1.03415 to 1.03300
Risk only 1%❌
🔤Few Points to Note
✅Exit 50% of your positions at target 1 and let others roll, if they hit SL it's ok you have made rough profits already.
✅Strategy used?
Break of Structure - Price broke out of 1.04118 area (BOS or Shift area) and by default is supposed to incline up to 70.00% to 88.60% Fibo level of that pump that broke market structure.
Ideally entry would be if price get back to our fibo level, we would look out for signs of rejection before executing trades.
✅Risk Management?
It is important that you do not risk more than 2% ( recommended 1%) of your account per spotted trade. Assuming the trade wins with RRR of 1:2, and you have lost your previous trade, automatically you have covered your previous loss with the good one.
AUDNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDNZD top-down analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUD/NZD SELL OPPORTUNITY NOW.......
💹AUD/NZD ⏬BUY @ 1.0447
✅TP-1# 1.0440
✅TP-2# 1.0467
✅TP-3# 1.0521
⛔️SL 1.03432
N.B-IF 1.0440 NICK LINE BREAKOUT THEN MARKET GOES TO TP-3.
OTHER WISE FOCAUS TP1 ONLY.
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AUDNZD may break monthly support!!AUDNZD is currently facing monthly and weekly critical support and may break the support. If it manages to break it, it is likely that this instrument will fall aggressively as there is no significant support on its way.
A selling opportunity may arise after the support is broken and on the retest only.
Also, we see consolidation and manipulation above the weekly and monthly support to gather liquidity to break the support.