AUDNZD Australian Dollar / New Zealand Dollar Downward TrendThe New Zealand dollar will soon start a downward trend in the 4-hour time frame. which is to complete the D wave piece from a triangle on the edge
NZDAUD trade ideas
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!
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AUDNZD in the first half of 2024A glimpse of the AUDNZD in the first half of 2024
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AUDNZD - BULLISH MOVE 📈
Hi Traders !
Previously, The AUDNZD Formed a Bullish Double Bottom Pattern.
The Price Broke The Resistance Level (1.09557 - 1.09392).
This Key Level Becomes a New Support Level !
So, I Predict a Bullish Move 📈
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TARGET: 1.10000🎯
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.
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AUDNZD - Buy StopAUDNZD - Buy Stop
- Trend is still bullish
- 3 green candle formation
- jumping up from S1 support
- Looking to take entry is R2 is broken
AUDNZD Potential SellPrice Flow Strategy
FLOW (Monthly/Weekly/Daily): Flat
flow(4hr/1hr): up
i-Flow: The intention is balance the sell in my opinion
entry(15min/5min): Always Set Stop Loss
Disclaimer: Follow your plan and risk management. this might or might not work
Tip: Be patient and le the trade show before you act.
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
Wave 4 Has Already CompletedAUD/NZD is forming the last wave (5th). I expect this pair to see higher prices.
✅AUD_NZD WILL KEEP GROWING|LONG🚀
✅AUD_NZD is trading in an
Uptrend and the pair broke
The key horizontal level
Of 1.095 so we are bullish
Biased and we will be
Expecting a further move up
LONG🚀
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AUDNZD LONGH4 Bias Bullish
H1 Bias Bullish
Price retrace back to H4 broken resistance level. at the level, price was rejected.
a new high was formed with a 4 strong bullish candle closing above a M15 resistance level.
Price also broke the bearish channel trendline.
Set long trade targeting swing high.
#AUDNZD
Due to the upward lags, in the near future, it can touch all its targets and move down from that area.
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.
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.
AUDNZDOzzie CPi up same as previous post
Return to Previous Level Pattern
Only 11 pips in it but even that's hard enough to extract
I thought this was an easy game : )
Traders are Short 97%
Coming into area of Low Volume so should slice through
Lets See
AUDNZD - Bullish Internal StructureThe swing structure is bearish
Bullish on the internal structure
we can trade internal structure
Entries SL and TPs mentioned on the chart
