aud/nzd need to go back to his resistance around 1.1000
We see an out side bar monthly(orange bar, that means it goes higher to his colour green)
In a 4 hour chart I see a dragon fly, so it's definetly a buy oppurtunity.
Welcome to our weekly trade setup ( AUDNZD )!
Bullish market and price action.
Bullish market need to find an end now, prices way to high.
Bullish run without pullbacks at strong resistance zone now.
ENTRY @ 1.08160
SL @ 1.08760 (60 Pips)
TP @ 1.07140 (100 Pips)
Use 1%-2% risk per Position!
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Bearish price action and pressure.
bearish waving market with several pullbacks and spikes.
Very bearish market strucuture found its support and need a pullback now!
Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade
Bear flag on the daily GBPNZD. Possible short to recent swing lows. Rejected by 30 sma. Closing below the 200 sma
First target is breaking the 1.90452
Selling pressure .
I'm still holding my long position SL in profit . But this is an opportunity not to miss .
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Price rejection and more downtrend momentum , 0.039023 is holding . So i have open a buy position with the previous high as my first target .
As you can see bullish trend is building .
Please note , if price is rejected at 1.04200 , Then we are back down to 1.037000 .
Hi All ,
My Buy Limit for the week . Aud/nzd.
As you know last week we sold this pair hard . Trend is still bearish . So we wait to psychological point of entry as shown on the chart . We will have to monitor the buy limit and check candle stick pattterns and other formation to see if i needed to amend entry or cancel the order.
We keep you posted .
The sentiment of AUDNZD currency pair is DOWN SWING. Recent swing is moving DOWN from upper band to middle band. The previous swing of AUDNZD currency pair was UP and had no volatility movement, so demand is decreasing. As market direction the sentiment has turned to negative while the selling pressure overcomes the buying pressure.
The execution of selling price...
AUDJPY is testing its resistance at 78.59 (38.2% & 61.8% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 75.60 (38.2% Fibonacci retracement ).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a potential reversal could occur.
We were very successful with our recent EURNZD trade which shares many similarities with this trade.
Head and Shoulders pattern is nearly completed
Look left and you will notice an upward channel that has broken to the downside
On a larger scale we are also in a downtrend. These patterns indicate a strong move to the downside.
Here is how the similar EURNZD...