Audnzdshort
SELL AUDNZD @ 1.135 ???We are approaching a HUGE monthly resistance @ 1.135 where price has dropped sharply from before and given the fact that the uptrend on this pair is extremely over extended and very over bought given the 12 month straight rally from the bottom of the range. I am expecting a pull back on this pair very soon at least to the previouus high that was taken out.
The pair can very easily fall back into the huge long term Monthly range so the potential for a huge long term trade is on the cards here I will look to SELL this pair on the first daily signal my indicator gives and target atleast 1.10 area and lower.
For this trade to be invalidated you would want a clean break and monthly close above 1.135 until that occurs I am only looking to short this pair as going long around this price level is risky.
AUDNZD | 4Hr | Elliott WaveAUDNZD is ready for correction. It is indicated by 3 factors:
(1) Elliott wave tool by tv - it shows us the 5th wave is completed on 4hr tf, and wave A (correction) has started.
(2) 4hr BOS - Break Of Structure on 4hr shows potential change in character of the current trend.
(3) Divergence in MACD + RSI on top of that RSI is below 50 which shows bearishness and MACD below 0 too.
im short!
Note: Analysis is only for education purpose.
ALL THE BEST!
AUD/NZD Giving A Good Bearish Price Action , Time To Sell ?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 multiple timeframe analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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AUDNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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AUDNZD is in possible sell zone!!AUDNZD (4H) has over-extended to the upside for a long period of time. Price currently had a bounce from the monthly resistance. On the 4H timeframe price created a strong bearish price action with bearish Doji which has tested the neckline of the reversal pattern as resistance. As daily has formed Middle Man, It is highly likely that AUDNZD will have another wave of drop to the daily 20EMA zone
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AUD/NZD Now At Key HTF Level Time to Start SELLING???Today I have got a fantastic R/R SELL trade on the AUD/NZD for both short term and for holding long term.
We are now approaching again the top of a long term Monthly and Weekly range on the AUDNZD going back nearly 7 years. Also looking at the Monthly chart price has been rallying straight up to this area for 12 straight months/candles without much of a breather..
Looking at the Daily chart we can clearly see resistance building up here around the 1.12 area with the sideways movement and the MACD trending lower creating divergences even though price is popping up and down between 1.10 - 1.12.
From what I see here all evidence is pointing to a strong break down coming very soon. As we are clearly we are at an important Monthly and Weekly resistance level and have entered a Distribution period on the Daily charts after a long rally in price.
Long term idea is to start positioning myself into a Selling position to hold long term as can easily go all the way back down to the bottom of the range. Stop will be well above 1.13 and a clean break and close above the weekly/monthly range will invalidate the trade.
Short term Daytrading idea is simply to enter the market now @ 1.116 with stop loss above 1.12 and take profit @ 1.10.
Both the short term and long term idea have great R/R.
Hope you enjoyed today's analysis
AUDNZD forecast we have a lot happen after the CPI news last week
one of the effect of the CPI is the liquidity grab on AUDNZD
I was actually thinking my selling opportunity on Auzie NZD has been destroyed, until I checked it today.
I noticed that we've just created a new liquidity for my supply zone which I was looking to sell before the news.
my expectation is to see price grab the liquidity and mitigate our supply for us to go short on Auzie NZD.
AUDNZD is preparing for drop to monthly support!AUDNZD has formed a head & shoulder on the resistance after breakout and retest. In the big picture, AUDNZD is likely to drop to at least to monthly 38.1% fib level as the market is over-extended to the upside. Upon price action confirmation, a sell trade is highly probable.
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AUDNZD is in possible sell zone!!AUDNZD (4H) has opened with a gap in MT4 with strong rejection to the downside. In bigger picture, AUDNZD is likely to come for a deeper retracement to the downside to monthly 31.8% fib level. As the price tested this previous support as resistance on the lower timefrme, it is highly likely that AUDNZD will continue to drop
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AUDNZD short trade potential presents 📉My second alert of the afternoon comes on AUDNZD.
Reversal trade identified and entered.
Working 30M timeframe.
Trade details can be found on the chart in red label.
Trade box is tracking the trade.
Fancy knowing how I identified this trade you know what to do.
Thanks for looking
Darren🙌
AUDNZD is in sell zone!!AUDNZD has formed a double top on the resistance of the local down trend. The price has already been tested the neckline of the double top, support as resistance, and has formed double Doji on the 4H. High probability that the price will drop based on 4H candle close confirmation.
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AUDNZD is in possible sell zone!!AUDNZD(4H) has formed a head and shoulder on the 4h and has changed uptrend to downtrend and has broken down. At this point, the price is likely to test the support ( Neckline of the head & shoulder ) as resistance and possible rejection are expected. A sell opportunity may arises on the restest of this support as resistance.
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SHORT AUDNZD on Daily ChartEntered a short position on AUDNZD after eyeballing test, retest, and rejection of price around the 1.11750 area. Price is currently trading below the weekly pivot, however it has been ranging into this asymmetrical triangle pattern. The system I traditionally follow did not print an EWT (Entry-with-trigger), but I am getting some divergence along with CCI overbought action, though normally I would not trade off of either without confirmation.