TradewithDann

TradewithDann

hey traders, nzdusd has been in an uptrend since March, it has now broken the uptrend and we've seen a pullback to the daily 20 EMA. I expect this pair to now drop and over the coming week or two price to test the 0.5 fib region

TradewithDann

hey traders, awaiting more confirmation from price action before buying.

TradewithDann

hey guys, this analysis was posted 19th september, since then we have enjoyed the bearish movement and profited! (currently 200+ pips in profit) RRR: 1:13

TradewithDann

hey traders, you can see price has created a inverted head and shoulder patter which is a reversal pattern after a bearish downtrend since March. as you can see price is at the top of the bollingerbands which is also another confluence of a pullback, but i expect a pullback to the weekly support which is also the neckline of the inverted head and shoulders...

TradewithDann

hey traders, usd/jpy has broken through a resistance which has now turned support. I expect price to now retest the resistance turned support. Lets see what hand price action shows us - If it retests the area and rejects, we can expect price to go bullish to next resistance level await confirmation

TradewithDann

hey traders, price has been ranging between 1.19000 and 1.17000 since july as highlighted above. Price has now broken out of the range, I expect a pullback to re-test the 1.17100 region. If price rejects this zone, you can expect price to then go bearish to the 0.382 daily fib region. Price may even go to a significant level which is also the 0.5 fib Await to...

TradewithDann

hey traders price has broke the uptrend that is has been in since March. However, there has not been a pullback yet since breaking the trendline - await a pullback to the daily key area and a rejection to go short. If price does reject the key area highlighted in the daily timeframe, the monthly support would be a nice area to aim for which also is near the 0.5...

TradewithDann

hey traders, Price is currently at monthly support since being in bearish movement since 1st Sep. I expect a pullback now to the 0.618 fib region, which is also the 4H 200 ema as a added confluence lets see what price action does

TradewithDann

hey traders, As you can see on the 4H chart, price has now broken the uptrend and retested and rejected. It has been in an uptrend in 19th March, I know expect this pair after breaking the trend to continue down until the next support region which is 72.850 which will also be heading towards the 200 SMMA as another confluence. If you look on the daily timeframe,...

TradewithDann

hey traders, We can see NZDUSD rejected the 3D downtrend which also corresponds with a nice resistance area marked in (gold) on the 4H. A good indication to a potential sell.. However we got a uptrend on the 4H what needs to be broken and retested before potentially going short. But after the rejection of both the 3D downtrend and resistance area, not to...

TradewithDann

hey traders, As we can see nzdusd has been in a uptrend since 23/24th March - we can see it is now approaching a key resistance zone. It last tested this region is June 2019 in which it dropped. If it fails to break this area again in 2020, retraces then retests the resistance but the buyers fail to push price higher..We could see a nice sell opportunity as this...

TradewithDann

Hi traders, We have seen overall AUDUSD has been in a downtrend since 2013. However, 10th March, shown us a impulsive move to the downside more than normal. But using the fib tool we can see that impulsive downward movement has been corrected an it has retraced to the 1.0 region and reached key resistance levels now. (As shown below on 1D timeframe: Now it...

TradewithDann Updated 

as you can see AUDNZD has formed a left shoulder, a head and has formed part of the right shoulder. This is a reversal pattern if fully formed at the top of the bullish run. AWAIT completion of the head and shoulder formation, followed by a neckline break which will also be a trendline break followed by a retest and rejection. Engulfing candle to go short

TradewithDann

Approaching key resistance zone now in grey AWAIT rejection followed by a breakout of rising wedge, retest and engulfing before going short.

TradewithDann

as you can see it broke out of the rising wedge and retested giving me a great short entry. I expect this to continue to the downside until next support - if it breaks support and becomes resistance, i will await retest and engulfing to scale in another potential position to the 0.618 fib region

TradewithDann

as you can see the price has broken out of the channel and has now pulled back to the 0.5 fib which also corresponds with retesting the channel. if respected, awaiting engulfing candle to go short. TP1 - 0.382 fib TP2: - 0.5 fib

TradewithDann Updated 

As you can see, price has created a channel on the 4H timeframe within a daily/weekly rising wedge. AWAIT BREAKOUT of the channel then a retests followed by an bullish engulfing candle to go long - I expect this to re-test the top of the rising wedge which would test the last high + corresponds with the 0.5 weekly fib region.

TradewithDann Updated 

3H time frame - you can see a falling wedge which is a bullish continuation pattern, we also have a daily uptrend + on the daily we have also pulled back nicely to the 0.618 fib area, i expect a break out of the wedge, re test then a possible long This set up is nearly a mirror image of EURAUD too!