Audnzdsell
AUDNZD - SWING - 30. JUNE. 2020Welcome to our weekly trade setup ( AUDNZD )!
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1 HOUR
Prices about to turn bearish.
4 HOUR
Range high got hit, expecting a push to previous lows.
DAILY
Overall waving market structure, good short entries!
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FOREX SWING
SELL AUDNZD
ENTRY LEVEL @ 1.07050
SL @ 1.07480
TP @ 1.06440
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
AUDNZD - SELLThis pair is a bit of a mess.. we can see that price broke support and was pushed back up a little by the buyers.. the sellers forced price to break support so its safe to say we are setting up for a sell
I am waiting for confirmation before jumping in as price could float about before dropping
AUDNZD - SELL
SL - 1.07165
TP - 1.04209
AUDNZD SHORTAUDNZD. We may focus on sell because if we see from D1, the pair just completed their elliot wave and on the corrective phase. Price maybe will break the minor h4 demand zone and continue to meet the next demand zone for support. However, if that doesnt happen, we may see impulsive move until it meet the h4 supply zone and start the bearish movement from that point. I will update the analysis from time to time.
AUDNZD short term bearish;can retest 1.0540 level AUDNZD has reached to the top of the channel and needs a retest of 1.0540
I am short term bearish as it is under negative divergence with a bounce lower from the critical resistance.
The first level to the downside is 1.06650 followed by 1.0540
Please note that it is a short term bearish idea which will be invalidated if the price breaks above the resistance at the top of the channel
around 1.0880 - 1.0900
AUDNZD bearish momentum picking upMultiple time frame analysis is involved here. Over on the daily timeframe, you'll see that price is testing the 1.0842 level. This is a high that formed back in November of 2019. Given the sharp move up, I didn't take the initial short, but now I did after this leg down.
Over on the hourly, you can see the strong leg down as prices tested the 1.083 level and then broke through the 1.08305 floor. This entry is timed as price is retesting the 1.08305 level. This level is significant because there was buying volume that originated here, but that's no longer the case.
One concern is the 1.078 level as this is where selling pressure temporarily ceased. However, you'll also notice that buying volume isn't as strong. It took five bars for the price to inch up and this doesn't even cover the entire bearish bar.
Buying pressure currently still remains weak and we can expect further downside potential.
AUDNZD neckline break reversal tradeFew things going on here:
1. Price reached the highs of 1.078 and then it found weakness. You can tell by the fact that price ranged, but consistently failed to break above the 1.078 level. At the same time, price has been holding supported at the 1.75 level.
2. What I'm currently seeing is that price is breaking below the 1.75 level and slightly retracing. This break occurred because we're not seeing any bids holding the price up.
3. I'm expecting to see price trickle lower as the profit taking occurs after this spike.