Audnzdlong
AUDNZD BUY OPPORTUNITYAUDNZD has a great chance to pop up much higher after confirmation of this 3 simple steps that the market is showing us right now.
1) Breakout of the Daily Channel
2) Bullish Candlestick formation
3) Strong Volume Bar (indicates more buying interest)
with that said the market is communicating with us telling us that he is getting ready to break up higher, Why?
from seeing the breakout the Bulls are telling us, look I had the strength to breakout with a strong full body candle pushing through the whole channel, and not only that but also see the volume of buyers that are coming in as well to support this move, basically we also see what other people are doing.
with just this 3 simple confirmations we can get a pretty good idea what the market is doing next.
if you still don't understand don't hesitate to comment or PM in private
Happy & Easy Trading!
P.S nothing what i said here is certain that its going to happen, this is only my projection based of my knowledge and experience in the market
AUDNZD Long Swing Trade IdeaAUDNZD - Long
-------------------------------------------------------------------------------------------------------
Posted this setup in May for a sell and TP got smashed without a doubt. Now we are looking for a buy after seeing compression into demand.
We also see down trendline broken by that strong bullish impulse move last week. Buyer now have regained control.
Looking to buy at 1.04129
SL : 30 pips
TP: 1.07257
R:R Ratio of 1:5
Til we meet again beloved!
---------------------------------------------------------------------------------------------------------
AUD/NZD Broke Out of Channel With A Bullish Candle And Volume We have a interesting setup here on AUDNZD, what we have here is the daily came down to a previous support with a Double bottom, so now we know that we have to be looking only now for bullish reasons to buy unless its breaking down the support,
if you take a look you can see that the market provided us with a nice bullish candlestick formation breaking out of the previous down channel with a increase in volume as you can see, besides all that we are at a pretty weekly low as well.
So in conclusion what we have,
1) Full Body Bullish Candlestick Formation
2) Break Out Of The Channel
3) Increase In Volume
4) Double Bottom Support
Now you have to make the decision if this gives you enough confidence to buy,
don't just jump in out of FOMO, take a few minutes off to assess it for yourself and create a plan, be mindful when you enter the trade.
Happy Trading!!
AUDNZD LONG TRADE SETUP WITH KEY ENTRY & STOP LEVELWith regards to my previous post on AUDNZD, the price seems to has completed the flag pattern and a bullish rally should resume.
There is also a weekly doji price action signal on the weekly chart which is suggesting indecision. However, since our bias is bullish it can serve as a buy signal.
The trading plan here is very conservative as we're putting our stop loss at the major low that will invalidate the bullish scenario with a 1:3 Risk Reward.
Safe Trading!
AUDNZD approaching resistance, look out for potential reversal!
AUDNZD is approaching its resistance at 1.04651 where it is could reverse down to its support at 1.04039.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDNZD - FOREX - 22. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
-
1 HOUR
Bearish market open and price action.
4 HOUR
Very bearish market scenario with several breaks to the downside.
DAILY
Bearish waving market at its support now, expecting some bullish pressure now!
-
FOREX SETUP
BUY AUDNZD
ENTRY @ 1.03880
SL @ 1.03540 (35 Pips)
TP @ 1.04460 (60 Pips)
RR: 1.70
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN