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Auznzd

AUD ENDS NZD BULL RUN AUDNZD UPDATE: finally after taking a losing trade last week i give this pair a second chance we now see on the weekly chart that a big bearish candle breaks the bullish trendline however it is now moving back up to retest the 1.08344 resistance area TYPICALLY I'd wait until it hits the 61.8 retracement to enter but looking on 4h i can see big rejections but that doesnt mean anything until i see a momentum candle etc from the 4h going back to the DAILY : what do we see? a rejection of that resistance zone and trendline plus a retest of the broken bullish trendline on daily we see rejections/bullish exhaustion which means its a very great sign for people who are going bearish on this pair this week 1hr: on one hour i can see a big bearish candle has form but why haven't i entered the trade and to be honest with a big bear like that engulfing but with some what of a rejection shows me that bulls are still in the market so ill stay away from making the same mistake as last week and wait until it hits those key levels and enter if i miss the trade opportunity i rather be safe than sorry Conclusion : still waiting for price to reach key levels btw how do you guys like the new theme? lol too blue?
Short
by MaxSeal
AUD/JPY, EUR/GBP and AUD/NZD on watch for me today.AUD/JPY: • If price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above the upper rayline of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down below both it and the lower ascending trend line of our most recent piece of structure followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. EUR/GBP: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes down impulsively to and ideally just below the lower trend line of our most recent piece of structure, then I'll be waiting for a convincing push back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If price only pushes down to and ideally just below the lower rayline of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back up above it followed by a tight flag and then I'll again be looking to get long with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. AUD/NZD: • If price pushes up to and ideally just above our upper outer structure trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
by StewySongs
4
AUDNZD LONG WE ARE AT A MAJOR MONTHLY LEVEL AS THE TITLE SAYS WE ARE AT A MAJOR LEVEL ON THE MONTHLY( IT IS OKAY TO PAUSE AND GO CHECK YOUR MT4 NOW) AT THIS MONTHLY LEVEL YOU MAY SEE A SERIOUS GAP OR NOT DEPENDING ON YOUR BROKER HOWEVER THIS HAS BEEN SHOWING ME SOME VERY POSITIVE SIGNS OF A BULLISH RUN I HAVE BEEN MAKING SOME POSITIVE SCALPS GOING LONG ON THIS PAIR AND I INTEND ON MAKING MORE WHILE HOLDING LONG TRADES THIS PAIR SHOULD ALSO BE PAYING YOU POSITIVE SWAP AS WELL FOR HOLDING **** (CHECK WITH YOU BROKER NOW) NO SURE TP IN MIND BESIDES SOMETHING I DO SEE AROUND THE 1.23500 AREA LETS HOLD THIS ONE FOR 2020 GET IN WHERE YOU FIT IN AND USE PROPER MM AND RISK LESS IS MORE
Long
by MENINACTIONLLC