Possible formation of a head and shoulders pattern on the AUDNZD on weekly chart. Buying momentum decrease in lower time frames confirming resistance. Wait for proper sell signal on weekly to enter trade.
Ichimoku, SSRC, & heiken ashi all bearish, target 90 level from 45 level on Gann sqr9. Modest target 1.07132. Wait for one more bearish heiken ashi bar before entering.
I see bullish divergence(@macd) on daily chart and falling wedge.
Watch for breakout or buy in when we are on general support of AUD/NZD.
If we see bullish breakout from falling wedge in future days, this can be very profitable trade so please watch AUD/NZD carefully.
Have a nice day
Berk
AUDNZD is at a good selling opportunity.
Sell below 1.0635. Stop loss at 1.0656. Take profit at 1.0562.
Reason for the trading strategy (technically):
Price is now testing major resistance at 1.0635 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices down to major support at...
AUDNZD is now testing a major support level which is a good buying opportunity.
Buy above 1.0551. Stop loss at 1.0474. Take profit at 1.0823.
Reason for the trading strategy (technically):
Price is now testing major support at 1.0551 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish harmonic formation) and a strong bounce could...
AUDNZD is testing major resistance and presents us with a good opportunity to sell.
Sell below 1.0711. Stop loss at 1.0734. Take profit at 1.0656.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.0711 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level...
AUDNZD is testing strong harmonic resistance and looks poised to drop from here.
Sell below 1.0797. Stop loss at 1.0833. Take profit at 1.0706.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.0797 (Fibonacci extension, bearish harmonic formation) and a strong reaction could occur at this level to push price down towards...
Price is forming a wedge on the 4 hour timeframe and I expect price to make another leg down before it breaks to the upside. The reversal is also supported by bullish divergence on the Awesome Oscillator.
Hi traders,
A long wick has been left outside of the Bollinger Band, wonderful spike with the Bollinger Bands having the perfect angle. I entered the trade as soon as the candle closed with my profit target set at the 50% Fibonacci level. If the next candle goes against me, I will be closing the trade, otherwise I will put it to break-even. We have a slight...
