AUDNZD is looking to complete its Cypher pattern / M formation and we expect more downwards pressure early on this week. Breaking the immediate support level is key. If it holds, we expect a retest of the 200 MA first, before it continues its bearish trend.
audnzd has formed good rejection bar with a sweet inside bar setup on the strong resistance area, so that we can place sell stop now or sell on current price.
AUDNZD is looking to break below its current flag pattern towards the next support level. Entry on break of channel.
AUDNZD will either make a new leg in its 4hr flag pattern, or break below towards next support. If it creates a new leg, we still expect it to then crash through the flag pattern afterwards. On the Daily there is a much larger flag pattern, and price is currently near the bottom. We expect price in the longer-term to bounce back up towards the upper levels of the...
AUDNZD has reached a critical point at the top of my sideways box. If price action can close and reverse and break outside of the wedge I will look for a sell to the bottom of the box.
AUDNZD may have found the top of wave 1 with what looks like a 5 wave move down from the highs. I will be looking for a 3 wave bounce in the 1.0650 area before another leg down in wave 2 .
AUDNZD - EURCAD - EURUSD Center of Gravity (COG) + MarketProfile
AUDNZD developed a rising wedge reversal pattern and i am looking for short trades after breakout.
AUDNZD possible completion of subwave 5 , resulting in bearish divergence. Look for potential Zig Zag correction of Wave 2. Entry now 1.0605 - 1.0610. Stop 1.0650 Target 1 @ 1.0470. The low of subwave 4. 2+ R. Target 2 @ 1.0390. Completion of Zig Zag and .618 retracement of Wave 1. 4+ R.
AUDNZD in a B wave corrective phase. Price may move ( in 3 waves ) up towards 1. 200 period MA @ 1.10. 2. d point @ 1.12.
AUDNZD H1 Bullish Crab Pending Limit @ 1.0471
AUDNZD GOOD LONG OPPORTUNITY IF DOWNTREND STOPS
AUDNZD hits the bottom line and watch for price action to buy..
AUDNZD just hit a STRONG MONTHLY LEVEL, so i'm expecting a huge reversal also completing the double bottom on the DAILY CHARTS! I will have 3 TP's set, the 3rd is around 1000 PIPS higher =) -- Simple trade with around 0 risk. Really worth the trade! -- If you have any QUESTIONS/COMMENTS, leave them below, I will make sure to answer! If you like my analysis make...
AUDNZD is developing a possible double bottom on h1, this could develop later in a channel breakout and a possible inverse h&s . Its too early to know for sure but i figured i should share this idea.
AUDNZD broke the daily support and fall toward 1.0345 the weekly trendline. Will it rebounce there?