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Aussie

AUDNZD: A Sharp Price Rejection from the Key Resistance LevelAUDNZD has reached a key resistance level of 1.1000, followed by an immediate sharp price rejection (a doji star plus a large bearish engulfing candle). Since 2020, all two long-term bearish reversals have occurred from this level. However, we know that the trend of AUDNZD is persistent. Therefore, we want to make sure that a reversal has actually occured before throwing in sell positions. It is good to enter the market late but right rather than early but wrong. Entry Criteria: After a rejection from the 1.1000 level, the price has reached a support level of 1.8000-1.8200. From here, we expect the price to bounce up again to retest the high, or if not, the 1.0900 level. If a reversal has really taken a place, then the price should break the support area of 1.0800, plus a daily candle closing below that support level. Only then, we can prepare our sell entries at the neckline area to capture the retest and ride the wave down to the first target of 1.0600 level.
Short
by NicoBeau_Capital
Pound vs. Aussie - The Next 3 Days Expectations - 19 April 2022FX:GBPAUD ranging in past two days without indication of power for continuation of uptrend. In the next couple of hours my expectations are for engulfing price-action with 50-60pips red candle. What is the supported thesis for the expected downfall and future uptrend on GBPAUD: - By Elliot waves price correcting at this moment with a target minimum of 50% - Range in swing high area and a hit of big resistance from higher time frames - MACD goes into negative territory and once dig for dipper correction will start attack in green teritory If you have any questions related to this trading idea I will be happy to provide you with answers.
Short
by TradingTie