Hi traders, For this pair I have two setups waiting for the upcoming week. Both of them involve a breakout, then a retracement for a good entry. Note: I will not enter on the initial breakout, only on the retracement. For the short trade Entry: 1.1045 Stop: 1.111 Target 1: 1.0974 Target 2: 1.0894 ----------------------------------------------------- For...
I do advanced elliott wave analysis for the biggest banks and hedge funds in 3 different countries. There's a lot of confusion on what a proper elliott wave count is for FX:AUDNZD and I see a lot of people making mistakes here. So here's what the big banks are using and I've written an explanation for each level that I have displayed. Share this chart with...
Expecting AUDNZD to top out soon.. i.imgur.com AUDNZD 8 hr - This likely to top out soon.. The impact would drag the AUD lower considering the scenario stands out..
audnzd weekly broke out and retested 5 year trendline. 4 hour now broke out of a bullish continuation pattern. Looks promising.
See Link idea for original trade set up. Triangle pattern has developed since I originally got into the trade (S@ 1.113 & a larger position @ 1.116). A resistance zone around 1.07 - 1.04 has held thus far. I am still playing this short, however, i am aware of the chance for a potential bull triangle breakout. I've closed a substantial portion of my positions...
FX:AUDNZD Eventual Bat and ABCD pattern at Cluster www.tradingview.com Safe Trades;
Hello Traders, Continuing the theme of this week, here is a Wolfe Wave in AUDNZD, also bullish.
watch for China Core CPI this sunday. sell right away if bad. China Trade Balance expectations number is Bad ; Tuesday -Aud- unemployment expectations ticks UP by .1 ; Wed. -Usd- Great expectations on Wed. Core retail sales , PPI & Retail Sales possibly get out b4 Usd Core CPI if technicals show so ; Thur. China Gdp q/y expectations is expected to go...
AUDNZD support and resistance zones to keep an eye on, with a potential ascending triangle forming as well on the daily chart.
Price is moving in a descending triangle and soon will break out of it. In case that breaks below the lower trendline we should just sell the market, otherwise if it breaks above the upper trendline we should wait for a correction and when it ends we may buy.
Bullish wedge pattern is soon to reach completion. Good opportunity to long with a great R/R. Might try and reach previous yearly high. SL -> BE @ T1 SL -> T1 @ T2 SL -> T2 @ T3 Trade with caution
FX:AUDNZD www.tradingview.com Safe Trades;
Long term head and shoulders pattern forming. Weekly Trend Line broken, Trend reversal confirmed with break of 50 period moving average. Entry below break of upcoming support and 200 period moving average. I don't use TPs. (Excuse poor drawing of head and shoulders tool)
This pair has been in consolidation since 2013. It now could be possibly approaching a break-out. As always with my long term set ups, I wait for confirmation. Price broke above 50 period moving average, showing that the Trend is turning Bullish. I use Bollinger Bands and Bandwidth to indicate volatility and nothing else (No basis line used on my bands). As...
Potential long entry to finish bullish flag. Relatively good R/R. Trade on own risk.
Failed to break out of strong resistance zone. Retested zone and formed hammer (bearish price action). Expect a modest retracement or potential retest of ~1.114 area. Additionally, it is potentially in another brief consolidation zone before dropping further. Bottom line: - I expect a good selling opportunity - The drop could occur rapidly or take days...