Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Watch out Audnzd for a turn. :) Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way...
Hey everyone! Great news: we have our first winner for the second season of the challenge series! While monitoring the trade a few days ago, I decided to close half of the trade early and move the SL into profits. This was because I noticed several bearish patterns as we approached the resistance, which led me to believe a resistance break would take more...
AUDNZD has hit a band of historical resistance that stretches back some distance and is carving out an M-Top pattern with a double top. If the pattern completes we will have a SHORT trade on the break of the neckline at around 1.0662. Both RSI and MACD are declining and the Andean Oscillator is suggesting that the BEARS are taking control as the BULLS position...
There is a possibility of further declines after the five-wave pattern close.
It's going down? In February, the index decreased by 1.4% compared to January, which had seen a 1.9% increase (the January figure has been revised). All sub-indices (non-rural, rural, and base metals) experienced a decline during February. When measured in Australian dollars, the index dropped by 0.1% in February. Over the past year, the index has fallen by...
AUDNZD is trading in the descending channel, indicating a bearish trend. The market is testing the resistance at 1.06900, which is the psychological level. The market created a kill zone: the major trend is bearish, resistane, the upper border of the descending channel, and a harmonic pattern. We expect a trend continuation trade from the kill...
After a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply...
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
bearish shark pattern + Breakout of rising wedge + RSI divergence PS never risk more than 2 % of your capital per trade
I think There is strong support zone,if chart retest it can be Long
We'll be shorting on audnzd 4 hrs cus of the Smc strategy criteria have been met hoping to play out right
AUDNZD has formed double bottom with strong bullish divergence and bulls have shown the bullish reaction as well and has given the breakout of 1.0620 level with massive buying. Currently the price is facing strong resistance around 1.0695 region but seems like bulls will break through it. if this breakout happens the next optimum target will be 1.0810.
New supply zone is created with AUDNZD and it's time to sell AUDNZD . Do not risk more than 2% per a trade from your account and always use risk management.
Sell at the current price level for profit-taking and cut losses according to the chart with the currency pair AUD/NZD. Good luck guys
Here is why we are selling. Trend: W1: Down D1: Down H4: Up but it is overbought Moving Average: Within Daily MA H4 pointing upwards Pattern: Bat on M30 Strong resistance at 1.0705 35 pip stop loss. 100 pip target Lot of divergence on M15
You can see Good Retest Resistance level On Audnzd Chart Now Here you can Sell it with Tight stop 60 70 Pips and for the target you can hold this trade for 120-150 Pips after Weekly and Daily breakout now 80% sure our this trade will go for the short direction and our target will be met soon
We got a buy signal coupled with bullish divergence on the 4hr timeframe. We are targeting 1.06200 and have a stop loss of 1.0561. Should get some sort of relief before the trend continues.