- Respecting 0.786 fib level at a KEY level. - Bullish engulfing formed over night. - Bullish pressure breaking out of this consolidation zone. - Next key area is 1.08140, so there's a lot of potential for a move to the upside without much resistance.
- In a demand zone - waiting for price action signal on Daily
Hello Traders, Here is the Top-Down Analysis of AUDNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price faced rejection at monthly resistance level and dropped to complete W formation. Price should move upward now. W > Price dropped beyond neck of W formation with and next week showed reversal with bullish candle. D >...
Don't Forget to Like and Subscribe our Youtube Channel .................................. Forex Trade AudNzd Analysis Number 3 12 October 2020 Bullish setups possible at the marked zones, price might make another move to the upside.
The AUDNZD 4hr chart above shows a classic inverted H&S pattern. Price also broke out of the long-term parallel channel and support & resistance level. Price has the potential to retest the broken neckline as support and resumes a strong impulse move in wave (3) of iii. Entry Criteria: Buy from or below the current market price and put stop loss at the...
Trend is your Friend! 1. One Touch, Two Touch and Third Touch usually completes a Trend. 2. EMA acting as Dynamic Resistance, 3. Markets has Bounce off our Golden Fib Zone, Trend line an Psychological level @ 1.08400 where big institutions place orders and take profit. 4. Waiting for 3 Eight hour candles to show signs of...
AUD/NZD Sell Resistance Levels: 0.07831, 1.08000, 1.08508 Support Levels: 1.07674, 1.07476, 1.07159, 1.6754 Possible Instant Sell: Entry price: 1.07785 Stop: 0.08350 TP 1: 1.07159 TP 2: 0.06754 Good luck #JustTradeFxOnline Thanks for your love and support. Don’t forget to like and comment for more.
Price failed to respect the 4hr trendline after hitter a major resistance level at 1.10000. Price is continuing downward in the counter-trendline. We see that price broke the 1.08250 level and is now in the process of retesting it. We are waiting for a pattern or candlestick formation to form to place our trade. Tp set at 1.07500 because there are a lot of buy...
AUDNZD-H1 Key points ⚡️ After the impulse moves from 1.05500 level it has reached around 1.1000 level which is a key psychological level and started falling ⚡️We can clearly see the LL LH LL patterns and trading in a downward channel ⚡️The first major rejection comes around 23.6% Fibo at this level we have selled before but unfortunately it's retraced back...
AUD/NZD is aiming higher within the broad range despite the announcement from Reserve Bank of New Zealand's governor Orr at the beginning of the month (September 2020) that the central bank is ready to deliver more stimulus. Presently, the pair is trading above the Breakout of the Bearish Trendline hereby closing the last week above the Demand zone @ 1.09200 ...
As you can see AUD/NZD has shown bearish movement after hitting the key resistance level at around 1.1042 Now it has retraced a little after reaching the KEY SUPPORT Level at around 1.0840 Now we need to see if it will reverse back to the same RESISTANCE Level at around 1.1042 or continue down to next major support level at around 1.0660. If it comes back to...
Monthly 1 touch 2 touch makes a trend line 3rd touch usually completes the trend Weekly 1 touch 2 touch makes a trend line. 3rd touch to complete the trend. 1. Market has reached psychological level between 1.09100 and 1.10000. 2. Looking for 1 more weekly rejection candle to support bearish momentum to the down side. 3. Looking for confirmation in...
Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! AUD/NZD: Daytrade-preparation Market-Buy-Order: 1,09580 Stop-Loss: 1,09260 Target 1: 1,09875 Target 2: 1,10010 Target 3: 1,10190 Stop-Loss: 32 pips Risk: 0,5 % - 1% Risk-Reward:2,0 LEAVE...
DISCLAIMER: My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Good Luck!
Short opportunity coming, just waiting for a break in structure
Entry at market 1.0866 Stop at 1.09 Profit towards 1.071 and 1.06 DISCLAIMER: My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Good Luck!