AUD/NZDBreak of structure in lower time frame , after BOS confirmation retest.
Pay attention to price action.........
NZDAUD trade ideas
A Bullish TradeOn AUDNZD we got a a falling wedge pattern being made, with the divergence on the 1 and 4 hour timeframe. It is keeping every check in the book, the pattern, the divergence. Placing my entry on the previous lower high. The trade plan would be as below:
Falling Wedge pattern
Entry: 1.08283
Stop Loss: 1.08120
TP1: 1.08607
AUDNZD long movePrice is rising towards our resistance level, if there should be a break then we will be expecting more upside movement in price.
AUD/NZD Daily - Head & Shoulders PatternThe daily chart has produced a high, higher high and lower high on the daily chart. We can also see price breaking and closing below the neckline at 1.0870. This is a text book Head & Shoulders pattern so far.
Potentially, price could retest and reject the neckline for further shorts.
AUDNZDOn the monthly charts I see a bearish trend that has settled int a major consolidation/ranging market. Within the weekly leg, we have another bearish move and a consolidation. On the daily chart we have a break of structure confirming a bearish trend. Presently, I am waiting for a bearish correction to activate the sell limit orders.
AUDNZD getting ready for a reversal to the UPSIDE.AUDNZD extended its correction to 0.5 FIB levels. Based on 4H data it is currently boucing off this 1.08 range with precision.
Expect some significant price growth from the current range.
KEY NOTES:
Unusual Gap Jump on histogram -- hinting of significant net buying / accumulation.
0.5 FIB Level bounce -- buyer's demand area.
Weekly/Monthly price shift -- firm on goal: upside continuation.
Spotted at 1.080
TAYOR
Safeguard capital always.
#AUDNZD
According to the April analysis, the price went down with the formation of the Nenstar pattern from the specified area
AUDNZD OUTLOOK: CONTINUATION The previous posts on AUDNZD shows the ideal entry (although in hindsight).
This is my expectation for price to continue lower.
AUDNZD Set To Grow! BUY!
My dear subscribers,
AUDNZD looks like it will make a good move, and here are the details:
The market is trading on 1.0812 pivot level.
Bias - Bullish
My Stop Loss - 1.0778
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0871
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
DeGRAM | AUDNZD returning to the channelAUDNZD returned to the descending channel and fixed above the lower boundary.
The price rebounded from the support level, which was a consolidation zone for a long time.
We expect the rebound to continue after fixing above the trend line and overcoming the resistance level.
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AUDNZD Bearish Trading IdeaDisclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice.
At the monthly timeframe, the pair was doing what I believe was a wyckoff accumulation. In which it left an unmitigated past point of demand (LPD).
Going down the weekly timeframe, the pair did a quasimodo pattern (QM), with the head touching a supply zone. Additionally, I was able to reduce the LPD.
If you don't know what is quasimodo, I'd recommend you to watch the following video www.youtube.com . This YouTuber explains clearly supply and demand concepts, go watch his videos if you want to learn more.
At the daily timeframe, the fakeouts become more apparent (marked with $$$). Additionally, the LPD was further reduced.
Furthermore, at the 4H timeframe, the picture becomes more clearly. At the top of the head of the QM pattern, you can see an unmitigated supply zone. The zone is just above a fakeout level marked with $$$.
Also, it is possible to notice an unmitigated LPD just below a fakeout marked with $$$.
I believe price will complete the QM pattern to mitigate the 4H unmitigated demand zone, then it will drop until the LPD. After mitigating the LPD it will took off for a long term uptrend completing the monthly wyckoff accumulation pattern.
For now I'll be focusing first on the sell and then once near the LPD area, I'll start looking for long-term buys.
AUD/NZD: Double Trouble - Resistance & Fibonacci Signal BearishAUD/NZD has been confined within a well-defined bearish channel for a considerable period. This indicates a downtrend with a series of lower highs and lower lows. The price has recently reached a key resistance level that coincides with a significant Fibonacci retracement zone between 0.5 and 0.618. This confluence of technical factors suggests a high probability of a bearish breakout.
Key Observations:
Bearish Channel: Price action is clearly trapped within a descending channel, highlighting the ongoing downtrend.
Resistance & Fibonacci Convergence: The current price zone near 1.095450 aligns with both a key resistance level and a critical Fibonacci retracement area (0.5 to 0.618). This confluence strengthens the bearish bias.
Strong Bearish Momentum: Price action at this resistance level exhibits strong bearish momentum, suggesting a potential rejection and continuation of the downtrend.
Trading Recommendation:
Based on the technical observations, a short position on AUD/NZD appears favorable. However, proper risk management is crucial.
Entry: A short position can be initiated on a confirmed break below the channel's lower trendline or a strong bearish candlestick reversal pattern at the current resistance level.
Stop Loss (SL): A stop loss can be placed above the recent swing high or the upper trendline of the bearish channel, depending on your risk tolerance.
Take Profit (TP): Potential take-profit targets can be identified based on Fibonacci extension levels or the measured move of the preceding bearish leg within the channel.
Risk Management:
Remember, always adhere to proper risk management principles. Ensure your stop loss is strategically placed to limit potential losses, and take profit targets should be established based on your risk-reward ratio.
Disclaimer:
This analysis is for informational purposes only and should not be considered as investment advice. Always conduct your own research and due diligence before making any trading decisions.
AUD/NZD for saleWe may see a bearish pattern forming on the AUD/NZD pair
Strong resistance areas appear on the daily frame
Therefore, we start looking for operations to sell at these levels
AUDNZDhello everyone, in my last analysis the price broke the resistance level (mainly due to bullish AUD & bearish NZD news), overall the NZD is performing poorly... price is predicted based on AUD fundamental and technical analysis... upcoming AUD CPI (today) and retail news (tomorrow) couldn't make this pair bearish or bullish... if news is bad then technically price need to correct the price to support level as shown on the chart... Main targets are TP 1 only..
good luck
AUDNZD SidewaysAUDNZD is not making any clear higher highs or lower lows, therefore support and resistance trading strategies are suitable
AUDNZD -RANGE 1.05500-1.10500Dear Traders,
it seems AUDNZD playing in Range 1.05500-1.10500
i expect price will start downward movement to 1.07500 -1.05500 (1-2 Weeks)
what you think about my idea?
dont forget like&Comment please !
Regards,
Alireza!
AUDNZD ShortPrice Action Daytrade.
H4 bias is bearish. Price broken through H4/Daily support level. There is not immediate reversal, it is not a fake breakout
Going to lower TF H1, Setting a short trade with SL 20pips from entry. R:R targeting H4 Swing Low previously R:R 1:5.
Entry at broken support (H4). Price should continue bearish.
AUDNZD Breakout and Potential retraceHey Traders, in the coming week we are monitoring AUDNZD for a selling opportunity around 1.09400 zone, AUDNZD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.09400 support and resistance area.
Trade safe, Joe.
AUDNZD:Bearish now, will NZD bounce back? OANDA:AUDNZD
In coming weeks, we can see NZD bouncing back strong, AUDNZD remained bullish, however after looking at the behaviour of how price moved, we expect bears to engulf the trend. Please use accurate risk management to be successful in the market.
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AUD NZD BUY This idea is a follow up of my Daily short which hit my TP.
I expect a retracement soon on the 4 hour timeframe.
Stop loss :1.081
Take profit: 1.092
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AUDNZD Short Term Sell IdeaH4 - Bearish trend pattern
Lower lows
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
