Audnzdshort
AUDNZD Sell IdeaLooks like a sell for AUDNZD
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AUDNZD struggling to gain ground (week of 28 Dec, 2020)For the past 7 trading days, this pair has been stuck between 1.073 - 1.067 region that has been an effective S/R zone in the recent past. Price had also recently broken out of the descending channel to the up side, but the bullish momentum was just not there to follow though.
My bias is thus bearish, and I am targeting the S/R zone located in the 1.05 region in the first instance. If successful, this provides a +3R trade.
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Sell opportunity on AUD/NZD hello every one.
on audnzd we have a good key zone. in that key zone we have a nice confluence. ( Several Fib levels and bearish expanding triangle chart pattern and a weekly horizontal line )
so in next week we can open a position with R:R 1:4
Wish luck for you and happy trading.
Thanks.
AUDNZD downtrend setupprice direction: DOWNTREND
potential target price: 1.0568
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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GWBFX
AUDNZD Set-up Idea SELLHi,
had some time to look at the charts today, strong support and resistance zone coming up looking for some nice reversal candles something that can tell us that a sell off is coming, the analysis i have shown is daily down to 4 hour, overall trend is down so could be a nice break and retest coming here