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New Zealand Dollar/Australian Dollar

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NZDAUD trade ideas

Possible trade idea for AUD/NZDWhen we look at the chart we can see that the price is closing into a resistance zone. What I want to do now is trade here and go short for a small trade. Looking to only risk about 0.5% as this is a great risk reward trade but we can also see that in the past the price did already break this zone and went up. If that does happen now than we can just wait and see to maybe trade another time when we are moving in to the other resistance zone that we can see above this one. We can see that we have 3 take profit zones. What I would do is just wait and if we have a hit at the first take profit we will move our stop loss level to the entry price. When we have a hit on take profit 2 than I would move my SL into the profit zone and just let it run into take profit zone 3. Entry: 1,09064 SL: 1,095 TP1: 1,08151 TP2: 1.07407 TP3: 1,05737 R/R = 7,58
Short
by MaBaCapital2
1
AUD/NZD Poised to Ride the Bullish Tide- UpdateAUD/NZD Poised to Ride the Bullish Tide- Update I posted AUD/NZD analysis 3 days ago and as you can see the price reached the first target. The price managed to develop above our structure zone thus raising the chances that it can extend more to the other target zones as shown in the chart. The price will face a strong resistance near 1.1000 and if that zone will be invalidated it should rise even more. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Previous analysis:
Long
by KlejdiCuni
1
AUDNZD LongAUDNZD Stable Uptrend Trend Continuation Trade 1. Weekly Uptrend 2. Strong bullish momentum candles 3. No important news in upcoming days 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. 1,5:1, max. 6,4:1 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 Important news for AUD: Thursday (Balance of Trade) I will scale out on levels if there is reaction, if not then Hold as long as my guts let me.
Long
by Marteyfx
7 Dimension Analysis For AUDNZD TOPDOWN Analysis** Week 7 Dimension Analysis Time Frame: H1 1: Swing Structure: Bullish** 🟢 Structure Behavior: BoS 🟢 Swing Move: Corrective move seems to start so that why we'll wait impulsive move ↪️ 🟢 Inducement Awaited (will update once done) ⛔ 🟢 Pull Back: 1st pull back after the BOS so this consider a powerful pullback and deep one ☑️ 🟢 All the discounted zone Obs are unmitigated yet ⬜ 🟢 Support CIP line also there below the Alpha OB 🟦 Traps: False Breakout, right at CIP line make this level more attractive level for buyers 🟢 CHART PATTERNS For now we just need to wait price reaches the high POI level then we will consider Chart patterns from here and also seek bullish patterns here 🟢 CANDLE PATTERNS Record Session count, Shrinking long wick end, Change in guard engulf Not Applicable Yet Long wick Doji: Momentum candle: ♠️ Kicker Sash, Separating line Tweezer: Inside: Narrow Range 4, 7, Harami Tower top / Bottom Climax players, Sideways It's better to wait when price comes to our desired areas at this level we will see only buy candlestick patterns from abpve 3: Volume 🟢 Fixed Range best volume at 1.0937 is 4: Momentum RSI 🟢 Zone is super bullish zone 🟢 Loud moves loud move observed at this level so after correction we see a stronge buy when RSI touch the 40 point ↗️ 🟢 Grandfather father son entries base on weekly perfect position now ‍‍ 5: Volatility Bollinger Bands 🟢 Expansion is full now wait for extraction now ➡️ **6: Strength According to ROC Aud is 2nd strongest for this week ** 7: Sentiment bullish 🟢 ✔️ Entry Time Frame: h1 ✅ Entry TF Structure: bullish ⬆️ ☑️ Current move: corrective ↪️ ☑️ FIB Trigger event Excepted ABC pattern ☑️ Trend line breakout will check once price reached at POI Decision: buy 🟢Entry: 1.0937** ✋ Stop loss: 1.0918 Take profit: 1.1081 Risk to reward Ratio: 5.45 Expected Duration: 5 days Summary: Based on the H1 timeframe analysis, a potential buying opportunity exists with a bullish bias. The current corrective move might lead to a strong buy signal when the RSI reaches 40. However, waiting for confirmation at the Point of Interest (POI) and confirmation from bullish candlestick patterns is recommended before entering a trade. Remember, this analysis should not be considered financial advice.
Long
by Optimum369
AUD/NZD Poised to Ride the Bullish Tide: A Technical PerspectiveAUD/NZD Poised to Ride the Bullish Tide: A Technical Perspective AUD/NZD was developing a large corrective "Wedge Pattern" for about 18 days. The top of the pattern was reached on 01-April-2024 at 1.0955 The bullish breakout indicates further growth during the coming days as shown in the chart. The first and the strongest areas will be found near the top of the pattern and once the price breaks out 1.1000 should be the next target. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
6
DeGRAM | AUDNZD post-flagging growthAUDNZD is moving within the ascending channel after retesting the upper boundary. The chart formed a bullish flag pattern after reaching the support level. The price broke through the dynamic resistance, which now acts as support. We expect the growth to continue, but the price may retest the lower boundary of the channel first. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
1
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