Hello, Traders!
AUD-NZD was falling steadily for almost 3 weeks
Without any meaningful correction
Now, It has reached a support confluence
And given the need of the bears to take profit
I say we might see a pullback to the falling channel resistance
Buy!
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There was apparently no motivation for sellers to continue the advance lower and neither does it seem pragmatic. AUD buyers are showing up once more and this looks like the prelude to an exciting momentum gambit.
The trigger comes from a leap above the latent highs, it will move us forward full of energy as shorts start covering and the youthful arrogance of...
NZD/USD:
• I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short...
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The Australian has a downward wave in front of it because it was previously an uptrend, then it comes back now to retest this break and with that the final support area that you specified on the chart.
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AUD/NZD 🇦🇺🇳🇿 is about to leave the falling wedge pattern. The deep RSI oversold suggest that the price most probably going to spike.
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When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, price may breakout above the...
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Previously, it broke the rising trend line, however it retested the break. Now it has a very strong downside.
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On AUD/NZD is nice to see strong sell-off from the price 1.0557 , there is nice to see strong volume areas....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Strong sellers + Sell-off + Strong volume...
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This break was positive because it was at a resistance area and was unable to break this strong resistance, so it fell violently than expected. It will continue falling at the support area.
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Welcome to our weekly trade setup ( AUDNZD )!
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1 HOUR
Market about to turn bearish again..
4 HOUR
Break and closure below main sr level.
DAILY
Overall bearish market in a pullback, good short entries!
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FOREX SWING
SELL AUDNZD
ENTRY LEVEL @ 1.07130
SL @ 1.07520
TP @ 1.06200
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different...
Hello traders,
TECHNICALS:
The pair reached multi-month lows and continued to trade in a healthy downtrend, although the current fall looks somewhat overextended. Selling volume is rising, but institutional players haven't had the opportunity to square up their books just yet, which is why I expect a pullback to the liquidity zone.
POSITIONING:
Short...
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Watch strong price action at the current levels for SELL. GOOD LUCK!
