Nice long opportunity here for AUDNZD. Keep it simple :) CHEERS !!
In an ideal world, the AUDNZD would continue another wave of the uptrend and close above 1.10198. Excuse my purple arrows lol they are for my reference of some S+R that I want to keep an eye on... On the Weekly, we've been making lower lows since the 6th of April 2015. More recently on the Daily chart, we've been making Higher Highs and Lower Lows since the...
Technically, i think this is a good area to consider going long this pair as its minimum Fractal formation has been met.
SELL after break and pullback to the blue area or trend line
Buy above 1.0491. Stop loss at 1.0430. Take profit at 1.0606. Reason for the trading strategy (technically): We look to buy above major support at 1.0491 (Fibonacci retracement, Fibonacci extension, long term horizontal support, bullish divergence) for a push up to at least 1.0606 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic...
As what the Idea title states, this pair is actually not an ideal pair to enter a trade. As you can see the current level this pair is at, the market is messy thus making it risky to enter.
I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be continuation or reversal. It requires attention...
AUDNZD short. This is my view on the market not a signal for you. Do your own analysis before entry.
AudNzd on the daily time frame has broken the lower range. This can confirm that a new sell of is possible. I have also pointed out the next 3 support levels which can be used as take profits. Sell now and Sell the spikes. Stop loss at 1.0960. Which is a bit above last weeks high.
Over the weekend I mentioned the 1.0765 handle on the AUDNZD. Before the March 3rd close above the area, it had served as resistance on several occasions since May of last year. Although buyers haven’t shown much urgency, they have managed to hold price above the 1.0765 area this week. Furthermore, if we drill down to the 4-hour chart, we have what appears to be...
Two scenerio conform our view on Audnzd ,,,, First ,,he made elliotwave pattern and now in elliotwave corrective move B to C,,,C corrective move complete at 1.0700 ,,,, 2ND ,,,he maade ABCD Pattern ,,,From top 1.1000 to 1.800 and then according to bc retracement ,pair going to 1.0700 level........nzdusd also bullish ,,,,sell from 1.0950 and tp 1 is 1.0800 and...
The AUDNZD came alive in February and continued its bull move through the first half of March. It was the first significant higher high since March of last year when the cross was trading at 1.1280. Since last month’s high at 1.1018, the pair has pulled back and consolidated. But the way in which buyers have held price above 1.0765 suggests a healthy form of...
This is not a investment advice. Take care.
s3.amazonaws.com When the retrace was broken last time it cleared straight to 78.6 and beyond. This idea is a bit late unfortunately and is working on the weekly time frame. If you plan your entry well, you could still have a decent long position.
The chart is self explanatory - The pair is in corrective trend. We see minimum 100 PIPS fall from 1.0640 level
Long set up Bullish above 1.0925 with profit target at 1.11 There is a possible pullback to broken trendline around 1.087 - 1.083 before moving higher Alternatively bearish below 1.075
regardless of the cycle in control, we should get a minor pullback coming soon (maybe 1.07200), followed by a decline into the 4th wave before we make a play into 10855