Price at resistance zone
Vol declining
Waiting for bearish PA to shows up.
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Execution:
Sell Limit @ 1.0690
Protective Stop Loss @ 1.0720
Take Profit @ 1.0600
Rationale:
Sell Un-Filled Orders (Red UFO) available in the 2h time-frame
Buy Un-Filled Orders (Green UFO) further below allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry...
AUDNZD is one to keep an eye on during todays session. We personally expect the price to move to the downside following the sideways movement that is currently ongoing.
Execution:
Sell Limit @ 1.0690
Protective Stop Loss @ 1.0720
Take Profit @ 1.0600
Rationale:
Sell Un-Filled Orders (Red UFO ) available in the 2h time-frame
Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with...
Just noticed this while i was playing with the charts
AUDNZD has formed a consolidation range, and on the lower side we have some tweezer bottoms, text book like.
If it goes as the literature would say, the stop just on the other side of the candles, and a TP on the next significant zone, and i think it would be the one marked
Whats going on ?
Last week I had a sell of a lot size of .04 total. So I have a floating negative.
Looking at this week, I hit the next key level. Lot size .04 @ 1.07200
I expect a new TP @1.05750. placing both trades back in profit with a 38 % drawdown that it still hasn't made. So I continue to believe it will reverse soon.
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
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Dear traders,
So as you can see we expect AUDNZD to go short. We think it will go short because the markt is now in a strong weekly supply zone. If you zoom in on the daily chart you can see we are now also in a strong institutional sell order zone that’s been filled right now.
It will be much clear on the 4h chart, you can see the 4h trendline is been broken en...
Hello..
AUD after apreciating in past many sessions has started showing some weakness .. pair has already broken ascending trendline , but moved up again due to fundamental reasons, anyhow now price again wants to go for correction , which gives us good possibility of short..
Please folllow us for more ideas n updates...
The two Australasian currencies are represented in the Australian Dollar vs. the New Zealand Dollar pair. High Rollover rates and like geographical locations cause them to often trade alike against other currencies. Because of this the pair is not extremely affected by global factors or trends but instead reacts more to changes in the local economies.
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