hello every one.
on audnzd we have a good key zone. in that key zone we have a nice confluence. ( Several Fib levels and bearish expanding triangle chart pattern and a weekly horizontal line )
so in next week we can open a position with R:R 1:4
Wish luck for you and happy trading.
Thanks.
price direction: DOWNTREND
potential target price: 1.0568
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can...
Hi,
had some time to look at the charts today, strong support and resistance zone coming up looking for some nice reversal candles something that can tell us that a sell off is coming, the analysis i have shown is daily down to 4 hour, overall trend is down so could be a nice break and retest coming here
AUDNZD Sell
AB = CD pattern
Trend line analysis+ support and resistance, the price is in an overbought condition
Same trading tactics TP1 and move stop loss to break even.
The price can goes beyond the TP2
Trade at your own risk.
-As mentioned in the previous analysis, 4H rejected the 1.05630, Looking for the move from LH to at least a Low or a LowerLow.
-30m is still making it's move from our new LL to LH. will see which scenario will play out and update accordingly.
Hello traders,
TECHNICALS:
The pair reached multi-month lows and continued to trade in a healthy downtrend, although the current fall looks somewhat overextended. Selling volume is rising, but institutional players haven't had the opportunity to square up their books just yet, which is why I expect a pullback to the liquidity zone.
POSITIONING:
Short...
The counter has been on a selling spree for the last 3 months.
Now, it has broken down a critical support level of 1.05620 and retested it, validating the breakdown.
Hence, we expect the pair to weaken further from here.
FX:AUDNZD trend continuation trade. The FX:AUDNZD has been making lower lows and in a downtrend for the past 3 months. The most recent breakout to the downside and now retest makes for a good entry. After 1R is hit (candle closes below line), move stop loss to break even. If 2R is hit, move SL to 1R and so on. If the first stop loss line is broken by a candle...
