Main items we can see on the chart: a) We observed a clear minor corrective structure after the breakout of a major corrective structure b) This structure was also supported on a clear horizontal zone (support/resistance) c) When we find this kind of situations with coherence in multiple aspects, we can say we are in front of a high-quality setup d) ...
Wait for correction to breakout. Target: Previous top -27 -61.8
Wait for correction to breakout. Target: Previous top -27 -61.8
AUDNZD is approaching a strong daily/4h structure support. the underlined yellow area is based on a horizontal structure and fib.confluence of multiple impulse legs. Friday's daily candle has been rejected from it with a dodji candle. to catch a bullish movement from this key level, pay attention to a bullish flag formation on 4H. let the market break above...
Been speculating of this pair for 1-2 weeks and just last week it met our conditions of entry but so happened to show us our ideal entry at market close which is very risky especially without knowing what may happen over the weekend, that can put our trade into complete danger. It was better that we closed at entry and be patient on this one, the next entry would...
Trading suggestion: . There is a possibility of temporary retracement to suggested support lines. if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. ...
Trading suggestion: . There is a possibility of temporary retracement to suggested support lines. if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. ...
AUD/NZD In a beautiful channel going up. If we see the bears get in further control we could head down out of channel to 0.618 area which matches out support areas. If the bulls stay within this channel we will see a re-test of bullish momentum areas and could go towards 161.8 high areas to the next resistance areas. Patience is key! Just a trade idea, not a...
See a bounce off a strong resistance, I’ve shorted from earlier but could be a nice short for yous to look for an entry for. stop above resistance, tp1 at first support, tp2 at second support (will close depending on how the support is treated). Happy trading! Do your own TA!
Hello Traders ! Today we have a nice trading day ! USD is weak and most of the pairs like GBP/USD , AUD/USD are all the way up ! This could be change when US Stock Market will open up . For today I will bring you this trade, a short idea in my opinion and I tell you why AUDNZD entered in this low area in November 2018 and stay there, try several times to...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
AUD NZD - Long Flashcard - Double bottom formation (more pins to a low) created early London session - Lower lows created until a spike, after which the spike wasn't broken and 4 higher lows were created - RSI crossed MBL and MBL curving upwards - Entry @ second close above 13 ema - Stop loss 5...
As we already explained, two channels have broken so far, two short channels forming lower lows give us a confirmation of our previous reversal idea. AUDNZD has reached the resistance zone and trading in sideways with wicks on the chart. We will take sell entry at 1.0717 level or if it breakout support line we can take sell opportunity on the retest at 1.066 with...
Which way will it break? Nice clear chart with great support and resistance. You could even go and add other indicators such as RSI etc. I like this chart on the higher time frames as well. A break out of the bull flag or triangle, bulls are in control. However, if we do break to the down side, take the short down to the next support area, for bulls in control,...
The curve was broken to the upside on July 14, European morning time. As you can see, it has acted successfully multiple times as a resistance and it seems now buyers are ready to push the pair to higher levels. I am buying at market price, my 1st target will be the 50% fib level from last top then If I see a continuous strong upwards movement I will target the...
AUDNZD buy 1.06171 SL 1.05950 TP 1.06614 R= 22.1 pips If price reaches 1.06392, move SL to 1.06216