Possible short trade setup being formed. This analysis is based on trend lines , price action, support/resistance zones and sentimental information. It is a high probable trade with a relatively small risk to high reward ratio. I'm really looking for the SELL. Enjoy!!!!!
Short Day Trade, on the 5, 15 and 30 minute chart we can see bearish divergence occurring. We lost the move that took us to the high on the 5m chart. If we lose the 1hr/30m move to the high we should prepare ourselves for a move lower to 1.04450 area.
When Price Reaches A Threshold Level Predicted By Our AI The Market Shows A Strong Response By Moving The Price In One Direction.We Are Currently Testing Our System But Here Is A Trade That Has A High Percentage Of Completion.To Follow This System We Need A 0 Spread Account As We Need Both The Orders To Execute At The Same Time (Hedging) .It Is A Trend Following...
This should get the larger selloff started..
The 1.054 price has been respected since January, if this price breaks before a retracement expect upside of 1.07. The price is currently in a rectangle consolidation phase, and has been since mid June. Until this breaks, look for scalps.
Current situation: - Price is at the bottom of a range on the daily chart - Price is consolidating on the four-hour chart Looking ahead: - Waiting for the price to break on the four-hour chart with a close above 1.0550 to enter long. - A break and close below 1.04 would mean a failure of the longer term range to hold and continuation of the current downward...
The AUD/NZD pair is finding support along familiar line. An idea hear is to go long with stop loss placed below support line. Also it appears that a bullish Head and shoulders could be forming on the weekly chart.
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maybe aud/nzd will fall after a small expanded triangle up
This trade is going to be data dependant on the RBNZ tonight. Allthough we are not expecting them to cut or raise rates it will be important to hear their tone in the statement if they make one. Last time they where less dovish than the market expected but we have had poor CPI and GDP since which has caused the rally on this pair. I will look for reversal signs at...
A lot of traders have taken interest in the AUDNZD cross since 2014 as prices have reached a level around 1.04/05 that's held firm since 1979. While we may see another bounce off 1.035 in the coming days, recent price action suggests a risk of diving further towards multi-year lows before a true bottom can take shape. Looking at a monthly chart over the past 16...