AUDNZD has been trading in a channel for a while and the price action is coming to test the last wave of channel (E Wave). It is expected to move lower from channel resistance and break down below the channel. There is minor structure resistance zone around the same area. The idea is to go short with minor targets at FIB 38.2 and 61.8 levels and stops being above...
AUDNZD FULL SCENARIO (LONG TERM )
after broken 1.0935 target now 1.1010 and 1.1040/60 .
if not break trend line and see some bearish this is good opportunity to sell .
first target will be 1.9350 below target 1.0835 .
above trend line target will be 1.1120 and 1.1180
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There is a strong probability for a retest after MACD shows 2x Minor or 1x Major Bullish Divergence.
Im looking forward for reaching the red horizontal resisance lines.
AUDNZD the possibility of a bullish 5-0 pattern
target c now 1.0800 continued to climb C target will be 1.0860
Back then I expect to 1.0720/50 then bullish again to 1.0910
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AUDNZD trading nicely within a very defined rising channel. This is a long time frame rising channel, which started its moves since Dec 2013.
Will AUDNZD bounce up from point 3?? Enter long position around the 78.6% FIB retracement level.
Long AUDNZD 1.0630-40
SL 1.0580
TP1 1.0800
TP 1.1000
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AUDNZD Still gets support
if able to break 1.0870 target will be 1.0915 and 1.0950
level we will focus on is 1.0990 if we find resistance and began to weak the possibility that start Gartley pattern
and target will be 1.0640 .If it continues to bullish target will be 1.1030 and 1.1200
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Friends,
Last Wednesday, June 04th, I released two bearish targets, namely:
1 - TG-1 = 1.08986 - 04 JUN 14
and
2 - TG-2 = 1.08521.
(Source: )
Both of these bearish targets got hit with great precision as of this hour (see M14 timeframe for a closer look of the price action relative to these two bearish targets here: ).
A third target, standing at the...
Here's a well defined trading zone between 2 balance areas. I'm going to look for a tiny pull back to go long next week and will scale in/out at various resistance levels and adding back into longs after taking profits at lower prices. Once i reach the red line, I'll take off all the longs and look to short on any bearish pin bars intra day or traps off High of day.
Friends,
CHANNELS:
I have defined several times before the difference between the standard channel and the momental channel. The most important distinction between the two is the survivability of the latter over the former. In other words, momental lines, when projected in parallel, will remain capable to bracket price action throughout the entire life of the...
After the third touch on a significant resistance level around the 1.9000 level the AUDNZD looks like it might either be ready to break out of its 4 month range and continue south. Beware of minor support lvl of 1.0750 before going short. This can either turn out to be a good range trade or the beginning of a longer term trend continuation.
Entry range - 1.0850 -...
