Audnzdshort
AUD/NZD: DAytrade-OPPORTUNITYHey tradomaniacs,
welcome to another free signal of WEEK #40 Nr.2!
Important: Wait for the market to break below the neckline.
After that we want to see a retest and rejection before we sell.
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Type: Daytrade
Sell here: 1,07643
Stop-Loss: 1,07838
Target 1: 1,07443
Target 2: 1,07372
Target 3: 1,07222
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Peace and good trades
Irasor
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AUDNZD ShortPlenty of activity in the markets to start the week! AUDNZD moved nicely.
There was an opportunity for a short on the second touch of the outer trend line (reversal high test followed by bearish engulfing candle on the 4HR chart)
D - Still a couple of hours away from the close but price is in an overall valuable area as it is just after the third touch within a big ascending channel.
4hr - breaking down nicely but remaining patient for a corrective structure in a possible continuation. a go to entry is a hover/ascending channel near the double bottom/ascneding trend line
1hr - similar to the 4hr, it is in an area of a double bottom and can possible head back up for a third touch within a bigger corrective pattern, however its more probable it will continue down if there is a nice correction.
currently still in the USDJPY position- was taken out on the first trade from spreads and gapping but was reentered last night over, yen pairs looking nice for shorting!
AUD NZD | DUEL OF THE TWO WEAKEST CURRENCIES Will we finally see a correction of the bull run since August?
AUD and NZD the two weakest currencies at the moment, in a bull run without any correction for over 1.5 months!
1.0830-1.0860 is a strong resistance for this level. If we continue up we could see a move up to the daily trendline and resistance around 1.10000
Expecting a correction this week to our 1.07000 support level,before we continue up.