AUD-NZD is trading in a rising narrwing wedge
And the pair will soon retest a horizontal resistance
So IF we see a bearish breakout from the wedge
A bearish move down will follow
However, IF the daily resistance AT 1.09907 is broken to the upside
The setup is invalid
Here is my view for AUDNZD on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
AUD-NZD is trading in a descending channel
The pair recently retested the descending resistance
From the channel at 1.077, we have a harmonic pattern shown on the chart as we are witnessing a bearish reaction
I think the pair will continue to fall towards the support below 1.0320
Overview:
Currently, price is in Caption-zone ( 1.08171 | 1.06901 zone) drafted from Monthly Time-frame.
Selling or Short opportunity is expected at this zone. This opportunity presents multiple Take-profit zones as charted.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Comment,...
Hi Friends,
Observe and Learn only:
AUDNZD🔥🔥🔥 will be good for shorting between 1.04104 and 1.04189 with SL - 1.04285 and targets;
Target 1 - 1.03903
Target 2 - 1.03792
Target 3 - 1.03706
Target 4 - 1.03597
Target 5 - 1.03415 to 1.03300
Risk only 1%❌
🔤Few Points to Note
✅Exit 50% of your positions at target 1 and let others roll, if they hit SL it's ok...
watch price action on the key area (blue box)
price is looking to retest that area (previously resistance, now acts as support)
watch for confirmation and possible long entries on lower time frames.
Hello all...this my personal view for AUDNZD
.
My target is GO DOWN
Red Line = Stop Loss
Blue Line = Target Entry Sell
Green Line = Target Profit
.
Anyway win or loss is your responsibility. I just sharing my trading idea. Thanks :)
Buen día para todos los que lleguen a ver este análisis, les presento mi idea sobre este par de divisas.
El mercado me indica que luego de haber roto el banderín formado anteriormente, dando impulsos fuertes alcistas y respetando zonas importantes delimitadas en el gráfico. Utilizando la herramienta de fibonacci le damos cabida a la idea de tomar una posible zona...
I hope you do read the chart. The picture tells the whole story. By the way, Australia's actual import/export/trade data was published better beyond the forecast and previous on morning. The choice is your's pals think wisely to choose the position in any on highly probability direction.
