AUDNZD Know when to buy and sell. Strong pattern ahead.The AUDNZD pair is currently consolidating exactly on the 1D MA200 (orange trend-line) following the May 07 rejection near Resistance 1, which resulted in a strong sell-off. We expect this sell-off to extend at least as low as the 0.618 Fibonacci retracement level (blue) and then rebound towards the Symmetrical Resistance Zone, approximately on the upward 0.618 Fib (black).
Our long-term Target is eventually 1.06600 (near Support 1). Our projection is based on the similar price action of June- July 2023.
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AUDNZD
Trade Like A Sniper - Episode 13 - AUDNZD - (3rd June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing AUDNZD, starting from the 12-Month chart.
- R2F
AUDNZD Bearish Trading IdeaDisclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice.
At the monthly timeframe, the pair was doing what I believe was a wyckoff accumulation. In which it left an unmitigated past point of demand (LPD).
Going down the weekly timeframe, the pair did a quasimodo pattern (QM), with the head touching a supply zone. Additionally, I was able to reduce the LPD.
If you don't know what is quasimodo, I'd recommend you to watch the following video www.youtube.com . This YouTuber explains clearly supply and demand concepts, go watch his videos if you want to learn more.
At the daily timeframe, the fakeouts become more apparent (marked with $$$). Additionally, the LPD was further reduced.
Furthermore, at the 4H timeframe, the picture becomes more clearly. At the top of the head of the QM pattern, you can see an unmitigated supply zone. The zone is just above a fakeout level marked with $$$.
Also, it is possible to notice an unmitigated LPD just below a fakeout marked with $$$.
I believe price will complete the QM pattern to mitigate the 4H unmitigated demand zone, then it will drop until the LPD. After mitigating the LPD it will took off for a long term uptrend completing the monthly wyckoff accumulation pattern.
For now I'll be focusing first on the sell and then once near the LPD area, I'll start looking for long-term buys.
AUDNZD Set To Grow! BUY!
My dear subscribers,
AUDNZD looks like it will make a good move, and here are the details:
The market is trading on 1.0812 pivot level.
Bias - Bullish
My Stop Loss - 1.0778
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0871
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
Strifor || NZDUSD-28/05/2024Preferred direction: BUY
Comment: For the NZDUSD currency pair, we have come close to the resistance level of 0.61670 , thereby fixing the previous long target. At this stage, short-term purchases continue to be relevant, and strengthening towards the level of 0.62175 is expected. Of course, overcoming the resistance at the level of 0.61670 will not be the easiest task for the buyer, but most likely, after a short accumulation, the instrument will begin to rise (scenario №1) . Also, as an alternative scenario, a preliminary rollback from this level and, after a small correction, another attempt to break up are considered (scenario №2).
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || AUDUSD-28/05/2024Preferred direction: BUY
Comment: Last week, we considered this currency pair for sale in the more medium term. This trading idea is relevant, and at a distance of 2 weeks, one can consider this scenario short. However, in the short term, there will most likely be strengthening, which is exactly what we talked about earlier. Therefore, it makes sense to take a closer look at small purchases.
At the moment, we highlight two scenarios, both on the chart, with a common target at the level of 0.67141 . This resistance level is a local maximum, the maximum of which is expected to be updated in the near future.
Additional comments on this trade will be provided as situation changes. Follow us!
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AUDNZDhello everyone, in my last analysis the price broke the resistance level (mainly due to bullish AUD & bearish NZD news), overall the NZD is performing poorly... price is predicted based on AUD fundamental and technical analysis... upcoming AUD CPI (today) and retail news (tomorrow) couldn't make this pair bearish or bullish... if news is bad then technically price need to correct the price to support level as shown on the chart... Main targets are TP 1 only..
good luck
AUDNZDOn the monthly charts I see a bearish trend that has settled int a major consolidation/ranging market. Within the weekly leg, we have another bearish move and a consolidation. On the daily chart we have a break of structure confirming a bearish trend. Presently, I am waiting for a bearish correction to activate the sell limit orders.
Strifor || AUDUSD-21/05/2024Preferred direction: BUY
Comment: The currency pair continues to trade above the level of 0.66460 , and at the beginning of this week, we maintain our buy priority for this instrument, as well as the scenario.
Today, both scenarios are relevant, and until the support level of 0.66460 is broken down by sellers, the bullish mood will persist. It should be noted that the goal should not be set too high. The area 0.67500-0.68000 is the growth ceiling.
Additional comments on this trade will be provided as situation changes. Follow us!
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AUDNZD | Short H4 | Market Exe | Trade-Related TradeTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H1 & H4 time-frame
- Price action is close to a Supply Zone (Blue Area) & has Resistance Trendlines around
- Aiming for the 38.2% Fibo retracement to TP
Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.
Suggested Trade:
Entry @ Area of Interest 1.0970 - 1.1010
SL @ 1.1060
TP 1 @ 1.0920 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.0838
Risk-to-Reward @ Approx. 2.04 (Depending on Entry Level)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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AUDNZD: Long Trade with Entry/SL/TP
AUDNZD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long AUDNZD
Entry Point - 1.0870
Stop Loss - 1.0839
Take Profit - 1.0927
Our Risk - 1%
Start protection of your profits from lower levels
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AUD/NZD: Double Trouble - Resistance & Fibonacci Signal BearishAUD/NZD has been confined within a well-defined bearish channel for a considerable period. This indicates a downtrend with a series of lower highs and lower lows. The price has recently reached a key resistance level that coincides with a significant Fibonacci retracement zone between 0.5 and 0.618. This confluence of technical factors suggests a high probability of a bearish breakout.
Key Observations:
Bearish Channel: Price action is clearly trapped within a descending channel, highlighting the ongoing downtrend.
Resistance & Fibonacci Convergence: The current price zone near 1.095450 aligns with both a key resistance level and a critical Fibonacci retracement area (0.5 to 0.618). This confluence strengthens the bearish bias.
Strong Bearish Momentum: Price action at this resistance level exhibits strong bearish momentum, suggesting a potential rejection and continuation of the downtrend.
Trading Recommendation:
Based on the technical observations, a short position on AUD/NZD appears favorable. However, proper risk management is crucial.
Entry: A short position can be initiated on a confirmed break below the channel's lower trendline or a strong bearish candlestick reversal pattern at the current resistance level.
Stop Loss (SL): A stop loss can be placed above the recent swing high or the upper trendline of the bearish channel, depending on your risk tolerance.
Take Profit (TP): Potential take-profit targets can be identified based on Fibonacci extension levels or the measured move of the preceding bearish leg within the channel.
Risk Management:
Remember, always adhere to proper risk management principles. Ensure your stop loss is strategically placed to limit potential losses, and take profit targets should be established based on your risk-reward ratio.
Disclaimer:
This analysis is for informational purposes only and should not be considered as investment advice. Always conduct your own research and due diligence before making any trading decisions.
AUDNZD Breakout and Potential retraceHey Traders, in the coming week we are monitoring AUDNZD for a selling opportunity around 1.09400 zone, AUDNZD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.09400 support and resistance area.
Trade safe, Joe.
AUDNZD:Bearish now, will NZD bounce back? OANDA:AUDNZD
In coming weeks, we can see NZD bouncing back strong, AUDNZD remained bullish, however after looking at the behaviour of how price moved, we expect bears to engulf the trend. Please use accurate risk management to be successful in the market.
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Team Setupsfx_
AN to more downside...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Last week's PA show as that likely pullback on Audnzd should be for shorts. Let's watch and be mindful of next week's Nzd rate news
Do check out my recorded video (in trading ideas) 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 out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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AUDNZD Set To Grow! BUY!
My dear followers,
I analysed this chart on AUDNZD and concluded the following:
The market is trading on 1.0909 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0946
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Strifor || AUDUSD-16/05/2024Preferred direction: BUY
Comment: AUDUSD is also on the buy list. This currency pair is also one of the most promising for short-term buyers. Most likely, growth will begin as much as possible at current prices (scenario №1).
Here we have a good local upward trend, towards which we are considering trades. One can also consider going long from the level of 0.66460 , or rather near this level (scenario №2).
We fix the growth target at the round level of 0.67500 .
Additional comments on this trade will be provided as situation changes. Follow us!
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AUDNZD The Target Is UP! BUY!
My dear subscribers,
This is my opinion on the AUDNZD next move:
The instrument tests an important psychological level 1.0959
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0996
My Stop Loss - 1.0936
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
AUDNZD: Will Start Growing! Here is Why:
Balance of buyers and sellers on the AUDNZD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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AUDNZD Buy Side Money Heist PlanMy Dear Robbers / Traders,
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