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...
AUDNZD FULL SCENARIO (LONG TERM )
after broken 1.0935 target now 1.1010 and 1.1040/60 .
if not break trend line and see some bearish this is good opportunity to sell .
first target will be 1.9350 below target 1.0835 .
above trend line target will be 1.1120 and 1.1180
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There is a strong probability for a retest after MACD shows 2x Minor or 1x Major Bullish Divergence.
Im looking forward for reaching the red horizontal resisance lines.
AUDNZD the possibility of a bullish 5-0 pattern
target c now 1.0800 continued to climb C target will be 1.0860
Back then I expect to 1.0720/50 then bullish again to 1.0910
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AUDNZD trading nicely within a very defined rising channel. This is a long time frame rising channel, which started its moves since Dec 2013.
Will AUDNZD bounce up from point 3?? Enter long position around the 78.6% FIB retracement level.
Long AUDNZD 1.0630-40
SL 1.0580
TP1 1.0800
TP 1.1000
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AUDNZD Still gets support
if able to break 1.0870 target will be 1.0915 and 1.0950
level we will focus on is 1.0990 if we find resistance and began to weak the possibility that start Gartley pattern
and target will be 1.0640 .If it continues to bullish target will be 1.1030 and 1.1200
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Friends,
Last Wednesday, June 04th, I released two bearish targets, namely:
1 - TG-1 = 1.08986 - 04 JUN 14
and
2 - TG-2 = 1.08521.
(Source: )
Both of these bearish targets got hit with great precision as of this hour (see M14 timeframe for a closer look of the price action relative to these two bearish targets here: ).
A third target, standing at the...
Here's a well defined trading zone between 2 balance areas. I'm going to look for a tiny pull back to go long next week and will scale in/out at various resistance levels and adding back into longs after taking profits at lower prices. Once i reach the red line, I'll take off all the longs and look to short on any bearish pin bars intra day or traps off High of day.
Friends,
CHANNELS:
I have defined several times before the difference between the standard channel and the momental channel. The most important distinction between the two is the survivability of the latter over the former. In other words, momental lines, when projected in parallel, will remain capable to bracket price action throughout the entire life of the...
After the third touch on a significant resistance level around the 1.9000 level the AUDNZD looks like it might either be ready to break out of its 4 month range and continue south. Beware of minor support lvl of 1.0750 before going short. This can either turn out to be a good range trade or the beginning of a longer term trend continuation.
Entry range - 1.0850 -...
