Audnzdshort
Fri 15th Oct 2021 Daily Forex Charts : 3x New Trade SetupsLooking at the Daily Forex charts and using the High Probability & Divergence methods from my books, there were 3x new trade setups identified today. Just be careful of correlation though as the NZD is involved in all 3x trades. Enjoy the weekend all. Cheers.
AUDNZDBullish Indicators:
1) HH HL
2) Support zone at 1.05491 Fib level 50.00%
3) Uptrend/Ascending channel
Bearish Indicators:
1) Resistance zone at 1.06132 Fib level 61.80%
2) Breaking of lower trendline
Plan A: One can take a long position on the bounce from the support level 1.05491 Fib level 50.00%.
Plan B: One can take a short position on the breaking of lower trendline for the target of 1.04854.
AUDNZD Symmetry Swing Set UpAUDNZD has seen an impressive bounce from our 1.0330 reversal zone. Focus now shifts to descending trend line resistance, the current equality objective and monthly projected range resistance. Look for bearish reversal patterns at 1.0640/1.07 to set Shortt positions initially targeting a retest of 1.05 and then 1.04 in extension
AUD/NZD: PRICE ACTION | SELL LIMIT SETUP..Welcome back Traders, Investors, and Community!
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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.
Looking for Short TradeHi Everyone,
After the rotation in the channel we arrive to the resistence level & Top of the Bearish Channel with the indicator in the area of overbuy.
1) First I look a Breakout of the bullish Channel.
2) I want to see any signal, in the indicators to get in.
Then I trade as usual 1% Risk. 0.5% for the entry and another 0.5% with a Stoploss ATR Daily.
Goodbye & Good Trading!!!
AUDNZD MORE BLOOD INCOMING4 factors of taking a short trade:
1. Price is on a downward trend
2. pull back correction which creates a channel (bearish flag)
3. Price is at the top of the channel which has a 90% rule of going to the bottom of structure after breaking out
4. Price is at an area of resistance on the 4hr charts