Audnzdlong
AUDNZD - FOREX - 20. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Strong bearish breakout and price action.
4 HOUR
Bearish waving market structure with several lh / ll.
DAILY
50% Pullback of previous bullish x-a wave, expecting some bullish pressure now!
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FOREX SETUP
BUY AUDNZD
ENTRY @ 1.04880
SL @ 1.04560 (30 Pips)
TP @ 1.05440 (55 Pips)
RR: 1.70
Use normal Risk (1% per Position)
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
AUDNZD POTENTIAL LONG AFTER PULLBACK From a daily view, this pair appears bullish. We can see price respect support and move bullish on the 4hr , at the moment price is what i would see as a pullback and there is potential for price to go long again at the marked grey line.
entry - grey line
stop loss - red line
take profit - green line
risk exposure - 1%
risk to reward 1:2
I will be doing a 1 month free mentor ship - view my previous post for more information.
AUDNZD LONG Swing 1.0450 LVL On the AUDNZD there is a potential LONG position approaching around the 1.0500, 1.0450 & 1.0400 level which are Daily and Monthly Support level. Looking to place a LONG position around these positions when the Stoch RSI is in the BUY zone and a CTL has been broken for a safe position. Looking to Target Daily Resistance at 1.0750 Area. Risk to Reward 1:3.
Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
AUDNZD approaching reistance, potential drop! Price is approaching our first resistance (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% fibonacci extension) where a strong drop to our support (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.