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
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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...
We can see ABCD pattern in H4. The D point was completed near to the daily support zone. The other confluence is the false break of the support zone (look at the long wick bullish candle which completes point D). Entry, stop loss and target are on the chart.
Note that there is also a potential bearish cypher pattern with potential completion around 1.1238. I did...
Looking to enter long if AUDNZD retraces to the breakout zone of 1.1030-50. This is also the 50% FIB retracement level.
Long AUDNZD 1.1040-50
SL 60pips
TP 1.1200
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Market has broke and closed above the key resistance zone. The obvious thing for me to do now is to wait for a pullback to the now support zone (previously resistance zone). Then wait for price action buy signal to trade in line with recent bullish momentum.
AUDNZD bullish trend not end yet.
I still expect a further upward trend and for me wave 5 not end yet .
target now 1.1125 break target will be 1.1240 above will be 1.1345.
weakness of these levels target will be 1.0920 below target will be 1.0835
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AUDNZD has been in a range forming a potential triangle. The price action is now heading towards the top of the triangle trendline where it is also forming a bearish Gartley Pattern. R1 daily Pivot is also around the same area. Its a good candidate for short entry.
Happy Trading!!
AUDNZD now side away waiting more market clarify.
break 1.1050 target will be 1.1125 then expect the weakness to 1.0935 .
hold below 1.1050 and break trend line target will be 1.0845.
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With dairy prices plummeting, AUDNZD seems to be under bullish momentum especially after hitting over 8 year low in Jan 2014. It also finished it's 5 month long massive divergence in January. Next target price could be at the resistance level @ 1.1159 handle. After that if it breaks It might go as high as 1.16519 level by mid of 2015.
Idea is based on median line analysis and Fibonacci ratio's. The rationale behind this technical setup is shown on the chart along with specific target and stop loss. Good luck
AUDNZD
Bull flag setup, this may eventuate but I'm leaning more to a counter trend trade
On break of flag pattern / rising wedge
Looking to sell the retracement down into the 109.00 area.
Missed pivots below.
AUDNZD is forming a bearish Head & Shoulders Pattern. One can go short for a short term trade with Risk Reward defined. However, going by the bigger picture, one can go short here and looking for a potential target of Channel Lower limits as targets discussed earlier in AUDNZD Structure Resistance chart.
Happy Trading!!
AUDNZD has been trading in a channel for a while and the price action is coming to test the last wave of channel (E Wave). It is expected to move lower from channel resistance and break down below the channel. There is minor structure resistance zone around the same area. The idea is to go short with minor targets at FIB 38.2 and 61.8 levels and stops being above...
