AUDNZD trade ideas
AUD NZD(Elliott waves)Hello friends
In the AUD NZD currency pair, we are witnessing the formation of a complete Elliott pattern, with all the waves completed in fine detail.
Due to the breakdown of the downtrend line, we are waiting for a pullback to it and a price drop.
You can enter a sell position within these limits.
The first target is 1.0864 and the second target is 10.833.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
AUDNZD Long Uptrend Trend Continuation TradeAUDNZD Stable Uptrend Trend Continuation Trade
1. Weekly Uptrend
2. Strong bullish momentum candles
3. Important news coming on Thursday (Balance of Trade for AUD)
4. Price above 200 MA
5. Price above 2 MA's
6. Structure HH-HL-HH-HL
7. 2% Risk - 4 x 0,5% with different stop loss placements, same take profit.
8. R:R min. 1,8:1, max. 3,75:1
9. Exit on structure break/strong reverse momentum candle
10. EMA (34) Trailing Stop Loss if candle closes below
11. BUY/SELL Indicator Confirmation
12. Trend Following Indicator Confirmation
Important levels ahead: 1.11500 and 1.12000
I will scale out on levels if there is reaction, if not then Hold as long as my guts let me.
AUDNZD Long - Stable Uptrend Trend Continuation TradeAUDNZD Stable Uptrend Trend Continuation Trade
1. Weekly Uptrend
2. Strong bullish momentum candles
3. Important news coming on Thursday (Balance of Trade for AUD)
4. Price above 200 MA
5. Price above 2 MA's
6. Structure HH-HL-HH-HL
7. 2% Risk - 4 x 0,5% with different stop loss placements, same take profit.
8. R:R min. 2,55:1, max. 10,4:1
9. Exit on structure break/strong reverse momentum candle
10. EMA (34) Trailing Stop Loss if candle closes below
11. BUY/SELL Indicator Confirmation
12. Trend Following Indicator Confirmation
Important levels ahead: 1.10500 and 1.11000
I will scale out on levels if there is reaction, if not then Hold as long as my guts let me.