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AUDNZD trade ideas

AUDNZD SHORT Monthly: - Selling zone tapped Weekly: + LCC + ZONE *Weekly reversal trade after a big bullish push. Bearish engulfing candle shows us that bears are present at that region Daily: - Natural W + H&S (Pattern in Pattern) - IC as S&D zone - H&S already played out, first continuation after reversal has formed (most powerful) *Price is reacting on D 61.80 level right now *We can see that bears have kicked in and that big bulls are out of the market 4H: - Daily limit - Bearish Market structure - 3 leg -68 FC aligns in daily zone
Short
by SimonVerlinde
1
AUDNZD entered a period of consolidation as prices fell slightlyAUDNZD entered into a period of consolidation as prices eased in the form of a bull flag pattern. After yesterday’s close, a bullish continuation appears on the cards for the pair despite today’s intraday pullback from the daily high. A move below 1.0885 suggests a failure of the bullish continuation but as long as prices hold above this marker, the longer-term bullish bias and the prospect of a bullish continuation remains constructive. One thing to keep in mind is the risk of a shorter-term pullback as the RSI approaches overbought once more. Upside target appears at 1.1052 (June 2023 high) and 1.0885 to the downside.
by Xayah_trading
AUDNZD - Harmonic Pattern - Bearish Momentum ExpectedAUDNZD is currently forming a Harmonic Pattern (XABCD) on the chart. The pattern indicates a potential reversal of the current trend, with Point D marking the completion of the pattern. Based on this formation, we anticipate a Bearish trend momentum to follow from Point D. Entry and Stop Loss: Entry: 1.09480 Stop Loss: 1.09850 Take Profit Targets: TP-1: 1.09100 TP-2: 1.08745 TP-3: 1.08370 Rationale: The entry point of 1.09480 aligns with the anticipated reversal from Point D of the Harmonic Pattern. The stop loss at 1.09850 is set to mitigate potential losses in case the market moves against the expected bearish momentum. For take-profit targets, TP-1 at 1.09100, TP-2 at 1.08745, and TP-3 at 1.08370 are strategically placed to capture potential downward movements in the market, considering key support levels and Fibonacci retracement levels. Risk Management: It is crucial to adhere to proper risk management principles while trading this setup. Position sizing should be adjusted to ensure that potential losses are within acceptable limits relative to the trading account size. Conclusion: Based on the analysis of the Harmonic Pattern and associated entry and exit points, we anticipate a Bearish trend momentum in AUDNZD from Point D. Traders should monitor the price action closely and execute the trade according to their risk tolerance and trading strategy.
Short
by trading_jupiter
2
Will We SELL Off Again @ 1.105 ??This pair has been stuck in a range between 1.105 & 1.055 for nearly 2 years and has just broke out of the short term resistance @1.095 The next logical move now is for the pair to test the top of the 2 year range above 1.10 and as it does this is where I will be looking for SELL setups. The daily chart below gives you a clearer picture of the 2 year range and also shows you (red arrows) the 2 attempts made last year to break above 1.105 both ended up in a heavy reaction and price dropping back down to the bottom of the range. If you zoom out the Monthly charts (image below) you can see the AUDNZD has been stuck in a longer term range between 1.14 -1.02. This could indicate that buyers may look to push up through the 1.105 level though the Monthly chart above shows that this level has always been a hard nut to crack and there always seems to be a reaction here. This is what I fully expect to occur I will look for short term SELL setups first looking to target the previous resistance @ 1.085 for profit taking. This is a very basic range trading setup and would be invalidated if we get a weekly or monthly close above 1.105 as if this occurs a move up to 1.14 is highly likely. Let me know what you think in the comment section below
Short
by TheFxAce
9
AUDNZD: Channel Down top rejection.AUDNZD is marginally bullish on its 1D technical outlook (RSI = 58.715, MACD = 0.003, ADX = 36.182) as it started pulling back after the price got rejected at the top of the June-initiated Channel Down. All same RSI based pullbacks hit at least the 0.618 Fibonacci level and declined by at least -2.62%. Under those conditions, we are short on AUDNZD, targeting the closest of the two levels, the 0.618 Fib (TP = 1.07200). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
BUY AUDNZD for uptrend continuation BUY AUDNZD for uptrend continuation STOP LOSS : 1.0865 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Long
by BALE_FX
$100k Challenge - AUDNZD Short - E4 T2Hey everyone! We have a new trade for the challenge!:D In today's trading session, I noticed that AUDNZD is showing strong signs of a reversal, specially considering that we just rejected a few days ago a quite old resistance that comes way back from October 2023. After which the market is making a retracement that sent the Stochastic in H4to the overbought area, which grabbed a lot my attention. Then, in the H1 chart, we can see that the market has formed a resistance area that was rejected with a quite strong bearish momentum, so I checked a smaller time-frame to zoom-in to the recent price action, which revealed that the recent retracement started to show significant bearish price action, leaving a Doji bar right at the resistance, followed by a candle with a close below the Doji's low, which gave me the green light to execute the trade. Since we're quite close to the resistance, I see this trade as a bit of a risky move, so I left the SL 1 ATR above the last H1 high (main Idea's chart), and the plan is to consider taking the entry again around the H4 resistance in case we get stopped out in case we do see a valid entry pattern. Regarding profit targets, I'm taking a slight deviation from the usual plan, as I'll leave both TP open, since if we take a look at the zoomed out H4 chart, there is a massive potential for the trade in case the market indeed goes through a bearish shift. Anyways, I hope you enjoyed today's trade! Remember to follow so you can stay up to date with the trade ideas! Until the next trade:D
Short
by FernandoBorea
3