in a long-term bear cycle. It is currently in its second leg of wave B. Further, it resembles a flag formation and is coming down after hitting the upper parallel. Hence, we expect the pair to be bearish and move to the lower parallel from here.
Based on the daily chart we could clearly see AUDNZD has a double top pattern and price already broken through the support. Price broke through the support since June 10th and then consolidating around it for 3 weeks. The last 2 day candle indicates selling pressure by the form of candles which looks like bearish pinbar / shooting star candle. Also keep in mind...
Sell limit 1.06540 SL at 1.06690 TP1 at 1.06410 TP2 at 1.06250 TP3 at 1.06000 Note! Cancel/pending plan few minutes before news!
AUD/NZD, weekly timeframe: 2,5 years old resistance line + Hidden divergence + Shooting Star + Inside Bar
Welcome to our weekly trade setup ( AUDNZD )! - 1 HOUR Prices about to turn bearish. 4 HOUR Range high got hit, expecting a push to previous lows. DAILY Overall waving market structure, good short entries! - FOREX SWING SELL AUDNZD ENTRY LEVEL @ 1.07050 SL @ 1.07480 TP @ 1.06440 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...
This pair is a bit of a mess.. we can see that price broke support and was pushed back up a little by the buyers.. the sellers forced price to break support so its safe to say we are setting up for a sell I am waiting for confirmation before jumping in as price could float about before dropping AUDNZD - SELL SL - 1.07165 TP - 1.04209
Once support has been broken and there is confirmation then we will sell to the green area As we can see from this chart price broken through once but quickly shot back up past support.. I am waiting for a clear signal before entry
Put a sell stop @ 1.06270( below lowest low ) Tp: 1.01700 ( support area on weekly chart) SL: 1.09100 ( resistance zone on weekly chart)
AUDNZD. We may focus on sell because if we see from D1, the pair just completed their elliot wave and on the corrective phase. Price maybe will break the minor h4 demand zone and continue to meet the next demand zone for support. However, if that doesnt happen, we may see impulsive move until it meet the h4 supply zone and start the bearish movement from that...