Audnzdlong
seek for long potentialsAUDNZD is at the near bottom of weekly trend line, and has been having some decent buyer power recovery signs on lower time RSI.
I'm expecting a break out today/tomorrow, if not I'll revisit later.
SL: slightly below the weekly trend line
TP: fib based, can be very high, but I will be trailing as soon as it break out above 1.049....
Will close trade regardless by end of Friday.
GL
AUDNZD - LONGAUDNZD is setting up for a long.
The double bottom is at 1.043 area.
The 1.272 reversal of the last swing higher is in the same area.
As of now the market is just above the double bottom and having reached an area of reversal with three confluences.
1. A 1.618 reversal taken from the low on 27/05 to the high 21/06 (red)
2. Market has reached a measured move lower (blue)
3. Market has hit a 1272 reversal of last swing (white)
A long trade now would mean a SL below the double bottom 02/12.
AUDNZD Possible Areas of OpportunityAUDNZD is at an extreme key weekly level and also forming a bullish price action pattern on the weeklychart. The same weekly pattern that was seen in almost all the cryptocurrencies before they did the major reversal that has been seen during the past weeks. Keep an eye on this pair for and wait on the 1hr or 4hr timeframe for rejections for a major opportunity to the upside. Enter at your own discretion using your confluence/ entry techniques.
AUDNZD TO CONTINUE TO THE DOWNSIDEAs the downtrend continues, we could expect more sells from this pair.
We just closed below this key level of support.
We need to see clear rejections to kick us in for sells.
We'll step in on the lower timeframes to look for short opportunities.
Targets would be a new low along the trend.
AUD/NZD:DOWNTREND|REVERSAL IMPULSE CHANNEL|LONG SETUP 🔔After our previous idea with Take Profit , now the price is ready to have corrective reversal impulse to the centre of gravity channel...
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AUD/NZD New Long Setup To Catch 150 Pips For Free !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
audnzd sellaudnzd sell :
Reasons :
1)my ema lines crossed each other indicating an upward trend
2)nice breakouts at support levels which are marked as blue rectangles
3)breakouts are the same pattern indicated by orange rectangles
4)pattern trading
take profit : green line
stop loss : red line
risk/reward ratio : 8.55
the stop loss if very less as there is confirmation for us so only 5pips below the previous candle
AUDNZD IN A CORRECTIVE CHANNELJust like our last analysis stated, we saw price fall after testing the last area of resistance.
We can now see price move in a corrective manner to the downside.
Since price is still below the resistance, we can play the channel, taking sells when price reaches and rejects the top of it.
Sells remain in position until the area of resistance is broken.
AUDNZDTHIS ANALYSIS FOR "AUDNZDF " ON TIME FRAME 4 HOUR.
YOU CAN ENTRY SELL AT SELL ZONE
- PRICE ALREADY BREAKOUT THE KEY LEVEL
- WAIT FOR PRICE RETEST
- SELL WHEN PRICE AT SUPPLY ZONE
- FOLLOW TP ON THE CHARTS
- SET YOUR SL 15 - 30 PIPS WITH YOUR OWN RISK!
- IF PRICE BREAKOUT RBS ZONE POTENTIAL TO TP2
GOODLUCK !!!
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AUDNZD LONG OPPORTUNITYHey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for AUDNZD for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
AUDNZD LONG - possible bear trapDo we have a bear trap on AUDNZD?
The market is at a double bottom and just about at a 1.272 reversal.
Market found a bottom started moving up and failed. Has this just created a bear trap and is it now finally about to go up...
Coincidentally it is at the bottom of a range as well.
We have a few confluences - we could go LONG with a small stop
AUD/NZD SELL OPPORTUNITY NOW.......
When market breakout 1.06621 support zone, then it can be goes down up to 1.07532 level.
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
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Traders, if you like this idea or have your own opinion about it,
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AUD/NZD New Long Setup To Catch 100 Pips For Free !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions