AUDNZD was in clearly defined down trend till around April this year.
Early in April it made low around 1.00 and from there it bounce to around 1.15 or 38.2% fib level
Currently making pull back towards 1.10 and from there we should see next leg up towards 1.20 or even 1.23 from where it broke last time.
AUDNZD (DAILY) handsome amount of pips roughy 150-200 pips. A very nice setup. Remember to always be patient. Let's catch em all!
PS: This is not a trading signal just a market idea, please use a valid strategy to enter this trade, if you are not educated enough in the forex market do not trade it! wait for clarity and correct signs before entering the trade!...
AUDNZD - Long opportunity forming at confluence of 800 EMA
Bat forming at 50% LVL of previous large swing and 800 EMA
Valid butterfly pattern on the 1 HR may see short term support while RSI oversold in this time frame.
AUDNZD reversal due to fundamental change ( I am technical trader, no much to share about this)
All MAs supporting the price to go up, will try to hold my positions longer if possible.
AUDNZD has just broken out of its flag pattern and is heading up to retest the 200 MA.
If the 200 MA rejects price, we expect AUDNZD to go make a new low
audnzd D1 dz within W dz
2 targets
TP! im closing half position and bringing stop to entry
Take profit: It's on the chart
Pros: D1 dz within W, M and 3 m dz
Cons: Not the bet departure. waiting for D1 Sz to be taken out before considering reentry on what then would be D1 dz
