this is a trading idea for audnzd trade with proper risk management
#AUDNZD market is moving in the bullish channel and unable to break resistance. So will sell.
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUDNZD can return from daily resistance level, If commodities can drop means Australian Dollar will remain under pressure
Awaiting for level 1.07500 to break before entering short position.
Nice Short Opportunity Presenting Itself With AUDNZD ... I Am Little Hesitant Though Because of The Gap With This Pair (Not Sure Why Its Not Visible On TV), The Market Might Decide To Fill It Up Giving It Some Momentum To Push slightly Further UP. Anywho, Trend-wise, This A Perfect Sell Trade Today With The Probability of A Nice Steep Drop. SL $ TP Indicated on Chart...
It looks like this pair is finishing out it's corrective ABC structure. Price has broken through an uptrendline and looks to be testing the backside of it. Using the fib tool, for the short term, I'd be looking for price to travel to the beginning of the uptrend. Long term, the matching extension is 1.0300. Entering a market order for a sell.
Once we get a break we should have a nice short here. I think our break will continue the previous double top before 1.07500 we shall see. I am short from this point S/L 1.07500 with a smaller lot like .10 or .20 until fully confirmed.
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUDNZD may not be my fav pair to trade, but the break and retest setup it has formed is! Check it out and give me a vote of yay or nay! Share your analysis with me, as I would like to hear from you on this one!
AUDNZD has broken the Support line and at the Pullback area it's retesting the Support which is the Resistance. There are couple of rejections at this area which is the sign of going lower SL @ 1.0742 TP1 @ 1.0658 TP2 @ 1.0622 TP3 @ 1.0531
Hey traders, here is the analysis for the AUDNZD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
AUDNZD may be setting up a short for us. Just need confirmation, and then we enter for a possible 150 pips!