We see price below 200 ema and 50 ema. We see 4HR bearish engulfing candle off key retracement zone headed for our -61.8% Extension level. The extension level is also where we will see possible support.
Initially price began making higher highs and higher lows.
Price then met resistance at the monthly/weekly supply zone .
Price attempted a breakout below this zone found some form of support.
I am expecting price to attempt another minor bullish movement, which will potentially create a double top then make it's bearish push to the downside.
Like if you agree,...
Hi Traders
AUD/NZD Signal (H1 Timeframe)
A medium to high probability, entry to go SHORT is forming @ 1.07632 after the market found resistance @ 1.07949. Only the upward break of 1.07949 would cancel this bearish scenario.
Trade details:
Entry: 1.07632
Stop loss: 1.07949
Take profit 1: 1.07445
Take profit 2: 1.07128
Take profit 3: 1.06611
Score: 6
Strategy:...
Like the title says.
The Weekly;
Incidentally, this chart does not bode well for either one in this pair (or, for equities - Risk On - as a whole) but it is especially detrimental for the Aussie;
Hello traders
aud nzd completed its left shoulder and head now its time for making right shoulder .
we can get some pips from right shoulder . small channel is broken with bearish engulfing candle
our next target is up to bottom of shoulder.
Hi Traders
AUD/NZD (30M Timeframe suggesting a possible SHORT)
A medium to high probability, entry to go SHORT is forming @ 1.06435 after the market found resistance @ 1.06647. Only the upward break of 1.06647 would cancel this bearish scenario.
Trade details:
Entry: 1.06435
Stop loss: 1.06647
Take profit 1: 1.06327
Take profit 2: 106131
Take profit 3:...
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.
AudNzd formes an inverted head and shoulders, then rejected the neckline...
Price now appears to have formed a bearish triangle and could possibly break out on the 4h time Frame..
I am considering a short position if price breaks out
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
SL 1.04702
TP 1.4445
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...
