Audnzdlong
AUDNZD | HARMONICS IN PLAYAUDNZD has given a breakout from the horizontal resistance of 1.08800 which will act as a good support in the future.
When we plot AB=CD Harmonic on the chart we the the upside is limited to 1.09500 where selling pressure once again take place.
Alternatively, breaking above will call for more bullish pressure than ever.
Trade your levels accordingly.
AUDNZD | CONSOLIDATION ON SUPPORTAUDNZD has made the top of 1.08800. Since then we observe the price remains in bearish pressure and broke the rising support on 29 March, end of bullish point.
Recently price is consolidating in a box and we think it will be broken and price will drop to 1.07000.
Alternatively, breaking above the box will call for bulls from here.
Trade your levels accordingly.
Fri 18th Mar 2022 AUD/NZD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/NZD Buy. Still 2x previous trades in play on this pair Enjoy the day all. Cheers. Jim
AUDNZD | BEARISH SIGNAUDNZD has made the double top on 4th March 2021. Since then the pair shows bearish sign by making lower highs and lower lows. The current price is test the support zone which is the only hope for the bulls.
We are expecting price will come down once the support zone is taken out and the pair will be in bearish trend.
Trade your levels accordingly.
Wed 2nd Mar 2022 AUD/NZD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/NZD Buy. You will notice that there are also two previous trades on, so this may get interesting. Enjoy the day all. Cheers. Jim
AUDNZD | Uptrend Continue ?AUDNZD is in a great bullish trend. Price have appreciated massively. Current price is approaching to important support zone (rising trendline). Two possible senarios are into play;
a) A good bullish sign on trendline from candlestick is enough to take long position from the said zone. The price will likely to break recent high.
b) Breaking of trendline will play senario 2. A clear break is needed to open short position and stoploss on recent high to enjoy the complete bearish rally.
Trade your levels accordingly.