AUD/NZD Technical Analysis
The counter has been on a selling spree for the last 3 months.
Now, it has broken down a critical support level of 1.05620 and retested it, validating the breakdown.
Hence, we expect the pair to weaken further from here.
Audnzdshort
AUD/NZD short. Trend continuationFX:AUDNZD trend continuation trade. The FX:AUDNZD has been making lower lows and in a downtrend for the past 3 months. The most recent breakout to the downside and now retest makes for a good entry. After 1R is hit (candle closes below line), move stop loss to break even. If 2R is hit, move SL to 1R and so on. If the first stop loss line is broken by a candle then close trade. Risking 2% of the account per each trade.
Make it happen, never quit.
MR
Short on Pullback-Respectable descending TL in confluence to the MA50 momentum
-0.618 fib retracement
-Previous support area now acting as resistance
AUDNZD is approaching resistance | 10 Nov 2020Price is approaching our key resistance in line with our descending trend line where we could see a reversal below this level.
AUDNZD - SWING - 09. NOVE. 2020Welcome to our weekly trade setup ( AUDNZD )!
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1 HOUR
Market about to turn bearish again..
4 HOUR
Break and closure below main sr level.
DAILY
Overall bearish market in a pullback, good short entries!
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FOREX SWING
SELL AUDNZD
ENTRY LEVEL @ 1.07130
SL @ 1.07520
TP @ 1.06200
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
📢AUD/NZD Short opportunityLiving In Australia myself I can see the Aud falling further due to many reason. Currently Chinese Ban on products. A good short opportunity has come. Lets jump in 💪👍💯
short short...long longwe might get a little movement to the downside before we move to the upside for a long period, i will be waiting for a clear reversal move on the horizontal line (support).....
have a great week guys....PINK
AUDNZD SWING SHORT [MULTIPLE TIME-FRAME] (HEADS UP!!!)HEADS UP ON AUDNZD... READ FULL CONFLUENCE 👇
HIT THE LIKE BUTTON BUTTON IF THIS WAS USEFUL TO YOU..
I EXPECT A BULLISH MOVE FIRST BEFORE THE OVERALL BEARISH MOVEMENT.
** REASONS ARE, THE MARKET HAS BROKEN A STRONG TRENDLINE, SHIFTING FROM AN OVERALL BUYING MARKET TO A SELLING ONE.
** WE CAN CLEARLY SEE FROM A WEEKLY PERSPECTIVE THAT THE MARKET IS STUCK IN A RANGE
** IF IT GOES UP TO MY 78.6 FIB LEVEL TO RETEST THE SUPPLY ZONE, IT'LL BE CREATING WHAT SEEMS TO BE A DOUBLE TOP FORMATION, GIVING ME AN EXTRA CONFLUENCE FOR A BEARISH MOVE
** AS A SWING TRADER, I ALWAYS ADVICE MY STUDENTS TO USE PROPER RISK MANAGEMENT, TO WITHSTAND MARKET DRAWDOWNS, GOODLUCK.
AudNzd short ideaAudNzd formes an inverted head and shoulders, then rejected the neckline...
Price now appears to have formed a bearish triangle and could possibly break out on the 4h time Frame..
I am considering a short position if price breaks out
📢Day trade setup AUD/NZD shortAUD/NZD has cleared a major area of resistance, we'll jump in on a retrace
