BULLISH ON AUD/NZDTIME FRAMES POINT TO BULLISH SO IM GOING WITH THE TREND.
Im looking to take an aggressive entry when the 30 min candle closes above
1.0920. SL 1.0890 TP 1.10942 for a 1:6 or 1.100 for a 1:3
A more conservative entry will be at 1.09392 with a SL of 1.08935 TP 1.10942 for a 1:3.4
Text Forex to 860-861-7323 for mentorship or signals.
AUDNZD trade ideas
AUD/NZD Daily AnalysisThe AUD/NZD daily chart may possibly be setting up for a next lower high, in line with the current downtrend that has been in play since the end of July this year.
With price still above the counter trend line (CTL), there is no sign of sellers taking control of the market just yet.
If price can close below the CTL, there may be opportunities to short this market if it meets your strategy rules.
Support at 1.07500 could be a final target to consider.
The Shift to Aussie Fundamentals
AUD
- Hawkish rethoric
- Market Internals (Yield diff., Infl.Exp.diff, Impl.Vol)
NZD
- Market Internals
Technical & Other
- Entered with buy limit; 1/2R should be closed according to the price action halfway to the initial SL. The total assumed risk is 1R.
Setup: S(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Sideways
Long-term: Down
Min target: Aug high
Risk: 0.41%
AUD/NZD H4 | Uptrend to resume?AUD/NZD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.0885 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 1.0842 which is a level that sits under a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 1.0944 which is a resistance level that sits under the 61.8% Fibonacci retracement level.
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AUDNZD: Intraday Bullish Confirmation?!🇦🇺🇳🇿
Update for our yesterday's setup on AUDNZD.
The pair leaves clear bullish clues, forming an
inverted head and shoulders pattern on an hourly time frame
and breaking its neckline.
The market has a nice potential to continue growing.
Next resistance - 1.0944
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AUDNZD: Strong Bullish Signal?! 🇦🇺🇳🇿
AUDNZD broke and closed above a resistance of a wide horizontal range on a daily.
With a high probability, the broken structure turns into support now.
The pair will most likely continue growing.
Next resistance - 1.097
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AUDNZD potential Buy setupRecommended trading levels:
Entry Level(Buy Limit): 1.08441
Stop Loss Level: 1.07469
Take Profit Level 1: 1.09413
Take Profit Level 2: 1.10385
Take Profit Level 3: You can ride, by trailing SL to new HLs.
Reasons for bullish bias:
- Bullish harmonic XABCD pattern
- Price broke strong resistance and took its support
- Entry at Fib 0.5 level
- DOW theory, price broke LH
- Bullish divergence
AUD/NZD Buy Trade IdeaBreak of Key Resistance at 1.09:
AUD/NZD has successfully broken through the key resistance level at 1.09, which previously acted as a strong barrier. This breakout indicates potential further upside momentum, turning the 1.09 level into a new support.
Technical Indicators:
RSI is confirming the breakout, moving out of neutral territory, which reinforces the likelihood of a continued upward trend.
Moving Averages:
The 21 EMA has crossed above.
Risk Management:
Since the previous resistance at 1.085 has been broken, consider placing the stop loss just below this level to manage downside risk. If the price continues higher, consider using a trailing stop to capture gains as they accumulate.
AUDNZD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.08900 zone, AUDNZD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.08900 support and resistance zone.
Trade safe, Joe.