I am in love with the bullish pin bar which was formed at the bottom of the channel. I think price will push to the upper boundary of the channel in the following 2-3 weeks'
Once the price action traded above 1.1008, enter on the intra day, and the the pair long to the defined targets. The period between two minimums takes between 36-48 days. we are in 38th days now and I expect resumption of the bullish trend any time from now, unless the price trades below 1.09098 support level (shown with yellow arrows). The RSI is approaching...
Reasons to enter this trade i) Negative bullish divergence RSI ii) Price at lower trend-line iii) Confluence of the trend-line with Support at 1.105 A buy stop order at few pips above 1.1087, with a stop loss below 1.10963, targeting a profit at 1.15.
English : Bearish ai AUDNZD will tested at uptrendline and minor support. If this level break down, bearish target this week at 1.0870 Pay more attention on bullish movement, if bullish from uptrendline success break up bearish trendline, target at 1.1150 with maximum target at 1.1300 Indonesian : bearish pada AUDNZD akan teruji di uptrendline dan minor support....
English : Rejection of downtrend happening on minor support with bullish target at resistance area 1.220. If this resistance level also break up, the real target at 1.1350 for this week Pay more attention on minor support, if this level break down and success perform new low, then bearish target at uptrendline or at 1.1020 area Indonesian : Saat ini harga...
I can see higher high , higher low being created. I am just expecting to continue with the mommentum. Encapsulated within this upmove will be my usual channel divergence setup. I do see a support confluence of channels together with d1 line chart levels, so I can clearly identify my SL risk.
Just realised there was also a completed bearish cypher pattern after my earlier posting on this pair (see link below). Few confluence factors: a) Bearish cypher b) 2618 c) Re-test of the double pin bars in weekly Based on the above, this may worth a punt. Limit order, SL and TP in chart.
AUDNZD is aproaching into 50% retracement at 1.1097 of the previous up move from 1.0915 to 1.1279. 1..1110 is also the 100% extension equal legs. The confluence of this important fibs should produce a bounce and give me the chance to create a risk free position.
We have a potential Bat or Gartley setup on the technical side. I believe employment is on the Aussie agenda with unemployment set to increase slightly. There is no good news out of the land of Oz. That coupled with technicals, it is South I am afraid...
AUDNZD has stayed in a non-volatile consolidation for a really long time. The long tails at the top and bottom of the candles indicate the low volatility of the pair. Observing the price action, the pair has been consistent in its behavior giving us a lot of clues of its intention along the way. These clues may be hinting towards a classic Cup and Handle formation...
Price hitting prior trend line now resistance; price closing on triple top; MACD 240 min rolling over; favorable risk/reward.
I expected a long consolidation period for the Wave of Wave but it fell short on both time and price and time and a sudden rally reached wave target. Now we need a deep wave to 33.3% or 38.2% levels. From here a long set up with a good Risk Reward ratio is good bet.
AUDNZD still bearish below trend line with With the possibility of double zigzag break green trend line target will be 1.0875 and if we see some support good to buy . from top break trend line first target will be 1.1090 ------------- www.facebook.com freefx1.blogspot.com www.targetforexsignals.com
but as there is no defined C for the Cypher yet this will only be the case if the Bat is a successful trade. So the Bat is probably next, I hope we don`t reverse few ticks about the entry. A Gap down below the Bat entry after the weekend would make both patterns invalid for me, as > 70% of patterns with a Gap past the entry fail...
I've got an order to go long AUDNZD, and I see another opportunity to speculate on a bullish AUD against EUR (which is also showing some weakness). Here we see a downward sloping 50 SMA and 200 EMA, with the 50 below the 200, thus confirming a strong downtrend. Price has pulled back to resistance at 4373, but dropped quickly after doing so; I'm looking for another...
AUDNZD started this week off with a novice gap -- meaning price gapped in the direction of the prevailing trend -- which is often a sign of an imminent reversal. Adding to this is that price has hit a support level, and today's candle is a strong bullish one; it may end up resutling in a bullish engulfing pattern if it can rally a bit more. One factor I'd normally...