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.
We would like to show you one intraday trade on #AUDNZD.
1.04577 is a key level: From that price, a big impulse started on the 23rd of December. The same level is point 1 of Fibo Retracements
Sell limit at 1.04577
Risk: Reward 1:1
As the price reaches TP we usually move SL to the entry point and leave until a Price Action signal suggests to...
Price will move down until the next area. Look Left! See how many times price has rejected this area? See the Green Arrows?
Can price move straight down through this area? Yes It Can!!!! But If you short, The Best Area to Take Profit Is the Structure Level you see in this chart!
welcome to another free signal!
Target 1: 1,05
Target 2: 1,04842
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
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I'm not going to enter this trade until i see breakout of the support line. After breakout, i will wait for the pullback and will go short after i see the price-action.
This is a 1:3 risk-reward setup which means a bit risky one. I'm going to risk 2% of my account balance for this trade. There are some strong supports. I may close and re-enter but not sure...
Here you can see a clean divergence. We can also see that price could not reach top of the trend. Here's my setup:
I will wait for the break-out and a re-test. After i see a high fractal, i'm going to enter short. There are 3 profit points for me and I'm not planning to trail my stop.
PS: This is not financial advice.
Continues to ride this pair's bearish trend considering the recent trade war between US and China affecting AUD, and with it still losing its yield advantage vs USD because no plans of rate hike in the future and follow ECB and the Fed. Shorting this pair with TP near 1.04345 (support based on weekly chart) and a tight SL near...
Price rebounded of the Daily/Weekly channel resistance trendline, made an impulse and now its correcting forming an Irregular flat. I think the move to the downside is about to start any second.
I would place the stops above the previous high because i dont think twe are going higher than that.
I just took this AUDNZD Short on 1H chart based on the 4H and Daily after a large engulfing candle.
It looks like the price is going back to retest the "Day Buyer" green line and I hope the TP1 should be reached.
If the price arrives TP1, I will see how it goes and decide the next step.