Spotted incoming short from an obvious channel. Trade at your own risk.
The price has been following both an ascending channel and a falling trendline. It has previously respected the trendline for four times and has come to test it for the fifth time. If it bounces off then it will be a good sell opportunity. Breaking of the trendline will invalidate this idea. You may share your opinions in the comment section. If you agree with...
You can open a sell limit at 1.07000. its a long term sell position.
BIG BUY MOVES COMING AUDNZD BREAKOUT OF DOWNTREND LINE ELLIOT WAVE IN MY SIMPLE SETUP
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...
With 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...
-->> strong downward momentum -->> next daily support as target -->> long term trade
As you can see, AUDNZD Has shown Bearish momentum and currently price is in a small retracement as i would see it to a critical point of resistance that i have marked with the grey horizontal line. From this point, price may continue a potential bearish move to our take profit point that i have marked with the green horizontal line. Green line- Take profit Grey...
I'm not going to enter this trade until i see breakout of the support line. After breakout, i will wait for the pullback and will go short after i see the price-action. This is a 1:3 risk-reward setup which means a bit risky one. I'm going to risk 2% of my account balance for this trade. There are some strong supports. I may close and re-enter but not sure...
Dear traders, So as you can see we expect AUDNZD to go short. We think it will go short because the markt is now in a strong weekly supply zone. If you zoom in on the daily chart you can see we are now also in a strong institutional sell order zone that’s been filled right now. It will be much clear on the 4h chart, you can see the 4h trendline is been broken en...
Hi Traders, The AUDNZD set to make a bullish impulsive move in wave (C) of a weekly zigzag pattern. . The weekly chart () of AUDNZD shows that the decline from March 2011 - April 2015 was a textbook five-wave impulse which supposed to followed by a three-wave correction according to Elliot Wave theory. . Since April 2015 low, prices had completed a five-wave...
AUDNZD has strong support area potential to go up!
Wait for confirmation to long this pair, AUDNZD is on a daily support...
AUDNZD broke a key support level AND a key resistance level. Looks to be continuing the downtrend. The pair is up on the day. Waiting until the pair hits the previous resistance level to determine if it will be rejected or break through. If rejected, SL will be above resistance and slightly above trend line, and a move to the support level will be in...
WELCOME TO DACAPITAL TRADING!! VIP SWING SETUP 4 HOUR Strong bearish movement and pressure, expecting further drops! DAILY Very bearish with a small bullish pullback WEEKLY 140 Pips drop two weeks ago with a bullish pullback last week LEVELS SELL AUDNZD @ 1.07980 SL @ 1.08480 (40 Pips) TP @ 1.07100 (95 Pips) RR: 2.35 Be patient about our Swing...