NZDAUD 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.
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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.
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
AUDNZDAUDNZD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
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:
AUD/CAD Long and AUD/NZD ShortAUD/CAD Long
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
AUD/NZD Short
Minimum entry requirements:
• 1H impulse down.
• If 2 touch 15 min continuation, 5 min risk entry within it.
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.
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.
BUY AUDNZD 💲💀 №343 FX:AUDNZD
Trading Forex and other financial products with leverage is highly risky and can result in substantial losses. Trading in the market may not be suitable for everyone. You need to be aware of all the risks and seek the help of independent financial advisors if you have any questions or doubt
BUY AUDNZD 💲💀💲 №325FX:AUDNZD
Trading Forex and other financial products with leverage is highly risky and can result in substantial losses. Trading in the market may not be suitable for everyone. You need to be aware of all the risks and seek the help of independent financial advisors if you have any questions or doubt