Audnzdshort
||AUDNZD SELLERS HELD HOSTAGE ! ABOVE 1.080XBuyers of the aussie are holding bids @ 1.079x area and sellers are having to compensate their loses real quick as price tries to hold water at 1.0808x highs being tested multiple times ,over night trading in the asian markets will give push in price above 1.0808x zone and am expecting market reaction in london session above 1.082x area .
With no economic data until thurday on either currencies we should have strong technical bias on this trade from start of the week until we get both unemployment and interest rate figures towards the end of the week
Expecting an entry point in 1.084x area with it holding most sell side liqudity for a push lower to around 1.0793x
Ps-dabag
AUDNZD: an UPCOMING market REVERSALHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/NZD
⚪ Technical Analysis :
In the weekly time frame, since March 2020, the price has been following an uptrend, bouncing for the first time on its dynamic support in November 2020.
It's currently in a bullish trend and reached an important support zone.
In the daily time frame, the price is still moving in a clear uptrend since it got a strong impulse on the main trendline.
In the h4 time frame, the price is moving with a strong uptrend, breaking through a daily resistance zone at about 1.07279 and it's currently trying to reach the next main resistance at about 1.08500
🔴 Conclusion :
I think this pair is going to get an upcoming interesting situation, less than 40 pips to reach an important resistance zone and a high possibility to see a market reversal.
I'm confident to see the price collapsing as soon as it will reach the resistance zone, planning my short trade once I'll get a proper rejection.
My target would be the support zone at about 1.07276, matching with the .50% of Fibonacci retracement.
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
AUD/NZD SELL SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
AUD/NZD: Swingtrade-Execution
Market-Sell-Order: 1,06735
Stop-Loss: 1,07270
Point Of Risk-Reduction: 1,06300
Take-Profit: 1,05650
Stop-Loss: 55 pips
Risk: 0,5% -1%
Risk-Reward: 2,0
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Peace and good trades
Irasor
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AUDNZD - two scenarios 1: correction
2: grown
I think we're in for a correction.
After such a growth, to continue we need a correction.
From the long position went out completely.
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