NZDAUD trade ideas
AUDNZD: The bullish trend has not over yetAUDNZD: The bullish trend has not over yet
AUDNZD broke out from a very interesting bullish pattern.
The price managed to hold the breakout above the pattern and during this week it was also supported by the RBA Interst rate decision.
Today the price is not moving because the US has a bank holiday but after a moment of pause
AUDNZD may resume the bullish trend again.
I am looking at the price to stop near the structure areas.
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❤️
SELL AUDNZD for downtrend continuation STOP LOSS : 1.0860SELL AUDNZD for downtrend continuation
STOP LOSS : 1.0860
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
SELL AUDNZD for downtrend continuation STOP LOSS : 1.0859SELL AUDNZD for downtrend continuation
STOP LOSS : 1.0859
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
AUDNZD Is Going Down! Short!
Take a look at our analysis for AUDNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.083.
Considering the today's price action, probabilities will be high to see a movement to 1.081.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
AUDNZD Trade Plans TodayHawkish tones have delivered gains for AUD VS NZD over night.
Persistent sentiment bias will take us to the upper boundary for shorts.
1. Tech bias now engages light short/wait for highs.
2. Sentiment bias supports the same.
Longer term areas both noted (Long much lower, Short much higher).
Significant Bullish Trend in AUD/NZD After BreakoutOn the 1-hour chart of AUD/NZD, there is a significant bullish trend that starts after breaking out of an ascending triangle and surpassing the 1.07830 level. The next resistance level is marked at 1.07986; if the price breaks this level, it will confirm a stronger bullish movement. For the trend to reverse, the price would need to break below the 1.07473 level.
AUDNZD - A Breakout TradeAUDNZD is currently trading within a range, exhibiting a pattern of continuous higher lows, indicating a potential buildup for bullish momentum. However, a significant downward move below this range could signal a continuation of the previous downtrend, which might be mitigated by a major daily support level. It is advisable to wait and observe the price action, trading the retest of the breakout level to confirm its validity and avoid potential fakeouts.
AUDNZD My Opinion! SELL!
My dear followers,
I analysed this chart on AUDNZD and concluded the following:
The market is trading on 1.0785 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0776
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
reflecting on 2 year milestoneWell, its been two years now,not profitable but the bleeding has definately been stopped. hovering around the break even zone for what feels like eternity,started in futures with the minis right out of the gate and got handled,never tracked anything,never journaled,what I did do right was stick to my strategy.with the exception of two or three really bad "revenge trade" episodes that ended in big losses i stuck to the plan. in an effort to minimize risk i switched to forex, $1 risk sounded alot better than $10 to me.and it was. i'm still trading forex. i stick to eur/usd and aud/nzd because the two have little effect on each other.the amount of technical analysis i've absorbed over the last 2 years is extensive but hands down, the most improvement has come in the emotional side of things,the psychology. i do track my trades now and i do have some technical rules for entry but other than that my strat is still pretty much the same as it was. what i dont do is force a trade every day.i dont go on diatribes when i lose about how "rigged"this whole game is,and it is rigged. but its winnable. i no longer watch youtube videos and call it studying, i study candles now.i look at last weeks price action,i review every trade,i used to trade on a 1 min chart. these days the 1hr feels to fast for me.I still enjoy trading but in a very different way than in the beginning..the thrill of rolling the dice is gone and has been replaced with a cold determination to see this through,properly, to the end. if theres an idea in here i guess its this. Dont give up,Get better
AUDNZD:RBNZ is outhawking RBAHello Traders,
In the upcoming week, we are closely monitoring AUD/NZD for a potential selling opportunity around the 1.08200 zone. AUD/NZD is currently trading in a downtrend and is undergoing a correction phase, approaching the key support and resistance area at 1.08200. This level has historically acted as a significant pivot point for price action, making it a strategic entry point for potential short positions.
From a fundamental perspective, the Reserve Bank of New Zealand (RBNZ) is maintaining a more hawkish stance compared to the Reserve Bank of Australia (RBA). The RBNZ has shown no intention of cutting rates in the near future, which contrasts with the RBA's more dovish outlook. This divergence in monetary policy is likely to exert downward pressure on AUD/NZD, reinforcing the bearish trend.
Trade safely,
Joe
AUDNZD Has bias for some more down side...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
I find the long tailing candles of the last 2 weeks disturbing....but still bearish on this cross..watching for short opportunities!
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************