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Audnzdsell

Double Top in a Trend Continuation TradeHi guys, here on AUDNZD price has recently created new structure low. Besides, there's no structure looking left until 1,0750. That's why i want to get involved in this trend continuation trade. As you can see, price is now coming back to retest previous support, which once broken could become resistance, and it's having some troubles getting beyond that. Actually, the second failed test tells us we may see some continuation on the downside. However, i'm going to wait for the close of the candle and then decide whether to enter or not. There's also a nice flag pattern that could be used as a reason for entry (if you're more conservative) I'll keep you updated. If you want to share your thoughts or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Bunch of different clues on AUDNZD!Hi guys, i want to explain to you why i'm going to short this pair if price pulls back a little bit more. As you may know audnzd -0.12% has been moving upward without interruption: both in the daily and 4hr chart Rsi is in overbought condition, and this tells us that market is overextended and there's maybe some room to retrace and let the trend breath. Obviously i don't trade based off of only RSI , but it gives me a good indication of what the market could do. In this case we have different clues pointing in the same direction. First, we have structure at the black line level, together with a psychological threshold (1,0900): at this level you can see price has created a shooting star and then a nice engulfing candle. Also, there's a 618 retracement of the bigger daily leg that happens to be right at this level. With all those clues together i think there's no doubt. I'm going to short at the 1,09 level, with stops above the highs, and target1 at a 1,25:1 RR. Target2 to be determined more accurately. Good trading! Feel free to comment below for any kind of questions or if you want to share your view. Otherwise, see you in the next chart!
Short
by Roker1
Short term Gartley formation!Hi guys, for those of you who day-trade advanced pattern formations there's a Gartley pattern completing at 1,0904s on 15m AUDNZD chart. I'm already involved with this pair (see attachment) so i'm not taking this one, but i wanted to share with you anyway, Stops above X, targets as usual for pattern (better risk/reward ratio with such a deep Gartley). If you want to ask questions feel free to type them in below. Otherwise, see you in the next chart!
Short
by Roker1
AUDNZD look at this scenario!Hi guys, i want to explain to you why i'm going to short this pair if price pulls back a little bit more. As you may know audnzd has been moving upward without interruption: both in the daily and 4hr chart Rsi is in overbought condition, and this tells us that market is overextended and there's maybe some room to retrace and let the trend breath. Obviously i don't trade based off of only RSI, but it gives me a good indication of what the market could do. In this case we have different clues pointing in the same direction. First, we have structure at the black line level, together with a psychological threshold (1,0900): at this level you can see price has created a shooting star and then a nice engulfing candle. Also, there's a 618 retracement of the bigger daily leg that happens to be right at this level. With all those clues together i think there's no doubt. I'm going to short at the 1,09 level, with stops above the highs, and target1 at a 1,25:1 RR. Target2 to be determined more accurately. Good trading! Feel free to comment below for any kind of questions or if you want to share your view. Otherwise, see you in the next chart!
Short
by Roker1
2
Ready to sell on AUDNZDHey guys, this morning i want to share with you this setup i've noticed on this pair. Price has approached a resistance structure zone on Wednesday, and since then it's failed to create new highs and so it gave me reason to believe this is a good zone to short the market. In the daily chart we've recently exited an overbought condition and here on the 4hr chart you can see a nice divergence on the RSI. These are two clues that make me more confident on any particular trade. In addition price has created a double top with an engulfing kicker at the end of it. And pay attention also at the psychological round number that's sitting right there. I was waiting to see the marke open and for my rules it gapped too much, therefore i'm waiting for an additional confirmation of the sell. And there it is, another candle has closed engulfing right now. I'm selling this; stops above highs, target1 at 1:1 RR, target2 for extended target. If you have any question, feel free to ask below. Otherwise, see you in the next chart! Have a good week!
Short
by Roker1
7
Confluence on AUDNZDHey traders, another analysis i really enjoyed today. This is one of my favorite style, for youhave to support your view by adding more and more clues (of value) to your side. Here on AUDNZD we are at a bigger Gartley completion, and we can see a nice AB=CD pattern and a Fibonacci cluster all right there. In addition to that, we also are in an OVERBOUGHT condition on RSI. Obviously if you scroll the chart you can see there's also a structure level on the left. The confirmation signal is given by the current engulfing candle. Entry at market, stops and targets as in the chart above. Let's see. If you have any question, please ask beneath. Otherwise, see you in the next chart!
Short
by Roker1
2
$AUDNZD SHORT AT MARKET @ 1.0460Bearish trendline resistance zone. Multipe tests of 1.0400 key support zone with no significant >0.707 fib retracements. Perfect bearish 0.786 fib retracement indicating a possible move down to 1.0300 before a correction to the upside at the bullish butterfly (Scott Carney harmonic pattern) completion zone @ 1.0290. Most recently, a bearish gartley (harmonic pattern) pullback structure indicating key resistance at 1.0485. I think we are going to see an aggressive move through the 1.0400 key structure zone going into 2017.
Short
by BluFX
Flag pattern on AUDNZDHi traders, this time i want to show you a flag pattern that is forming up in 1hr chart on AUDNZD. Here we recently broke and closed below an important structure level (black line), so we expect price to continue lower. It is very usual to see consolidation patterns after impulse legs like this, and the likelihood is that market continues on the impulse leg's direction, even more so in this scenario where price action is free falling. Given the conditions above, flag pattern can be traded two ways: you can sell the market as soon as price close below the flag's bottom line, or you can wait for a retracement and then sell with a better risk to reward. I would personally choose the second option. I would also leave a part of the position for further target. If you have any question, fill the section below. Otherwise, see you in the next chart!
Short
by Roker1
AUD/NZD, DAY CHART, SHORT (27-NOV-2016)AUD/NZD is trading in a range between the resistance and support zone indicated. In recent time, it is trading within the downward channel. The price rally up near to the upper side of the downward trend line. Wait for bearish signals to short this pair. You can earn little convenience interest by holding this pair for longer time. If the bullish trend continues, don't bother to entry as the risk/reward ratio is not so nice. Trade safely with proper risk management skill.
Short
by YongLiang