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...
We look to buy above major support at 1.0491 (ibonacci retracement, Fibonacci extension, long term horizontal support) for a push up to at least 1.0606 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing strong support above 1.9% and has also made a recent bullish exit signalling that a change in momentum is starting...
a bearish channel that price can touch the bottom line again and fill the time pattern there so it's ready to start another uptrend to the top line
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.
Hi Guys, AUDNZD is falling for a while, I'm expecting a up impulse in this pair but its correcting for sometime. By analysis its look like zigzag corrective wave.So look for price level around 1.05322 for buy opp. For more confirmation i would like to this pair to break that down move with small up impulse then correction for buy. So look out for this one.GL
Audnzd Trading around 1.0592 level it can Turn From current price its strong support level is 1.0550 level if hold above a jump expected toward 1.0680-1.0750 Advice to buy current market price 1.0592 with sl 1.0530 and tp 1.07050
AUDNZD LONG term rising wedge pattern (trend rejection)
Looking for AUDNZD to complete the following structure with the Bullish Shark Harmonic Structure having already been completed. It may be completing a 3 wave corrective structure or go on to complete the 5 wave corrective structure. Both are possible.
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...
Was going through this pair when I saw a flag emerging. Price has touches and tested the support line various times (green arrow indicates the testing of the support line) . Hopefully this should be a strong upward trend which should hopefully break through the trendline. Nice risk/reward ratio setup that will make you a lot of profit and won't eat into your...
Bat pattern has completed RSI at oversold level R:R at 1 (TP1) and 1.7 (TP2) Keep a lookout for RSI divergence. Previous idea on USDCAD completed bat pattern showed RSI failure to show any sign of retracement below 70.
My basic Daily chart analysis on the AUD.NZD I currently have an open position on this pair long.
Audnzd Trading around 1.0880 level where strong bottoms Seems on weekly around 1.0750 if its hold above that level we can see soon 1.11 even 1.12 too. Advice to buy in range of 1.0880-1.0810 SL below 1.0740 TP 1.10 tp2 1.1150
potential long now or wait until it breaks the next resistance, retests it, and then go long
Audnzd trading around 1.0820 level holding strong support level 1.0760 if hold above we can see again toward 1.10 leve Advice to buy cmp 1.0820 with sl 1.0740 TP 1.09-1.10