Longaudnzd
NR4+NR7 AUDNZDWe're seeing that the last candlestick is sqeeuzing is the smallest of the last 3 and 4, that means we have a reverse
take your stoploss under the the last candlestick
Because we're seeing a fundamental news on NZD in an hour, i am negative to that.
Share your opinion and like thanks
Good luck
AUDNZD - FOREX - 22. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Bearish market open and price action.
4 HOUR
Very bearish market scenario with several breaks to the downside.
DAILY
Bearish waving market at its support now, expecting some bullish pressure now!
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FOREX SETUP
BUY AUDNZD
ENTRY @ 1.03880
SL @ 1.03540 (35 Pips)
TP @ 1.04460 (60 Pips)
RR: 1.70
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
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ALAN
SHORT AUDNZD - STRAT TRADE: 99.5% PROBABILITY OF REVERSALSHORT AUDNZD:
1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) AUDNZD has a cumulative probability of a =>7th day lower at 0.5%, hence there is a implied 99.5% chance of reversal on the daily.
2. Technically there is also some nice structure about the 1.045 level.
Trading Strategy:
1. Sell AUDNZD at market in 1xlot, and add 2x on each daily close lower from here. Start in VERY small lots to reduce risk and ensure you can add on adverse moves lower (it could be several days). TP is the next/ First daily close higher.
Any questions please ask - also see performance attached of recent trades using the same stats
SHORT AUDNZD - STRAT TRADE: 99.5% PROBABILITY OF REVERSALSHORT AUDNZD:
1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) AUDNZD has a cumulative probability of a =>7th day lower at 0.5%, hence there is a implied 99.5% chance of reversal on the daily.
2. Technically there is also some nice structure about the 1.045 level.
Trading Strategy:
1. Sell AUDNZD at market in 1xlot, and add 2x on each daily close lower from here. Start in VERY small lots to reduce risk and ensure you can add on adverse moves lower (it could be several days). TP is the next/ First daily close higher.
Any questions please ask - also see performance attached of recent trades using the same stats