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Audnzdsetup

AUDNZD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price faced rejection at monthly resistance level and dropped to complete W formation. Price should move upward now. W > Price dropped beyond neck of W formation with and next week showed reversal with bullish candle. D > We can see formation of inverse H & S and expect price to rise after we see completion of neck. As per COT AUD saw closure of major Long and addition of few Short positions, reducing net positions, N-R saw closure of both Long and Short positions and Commercials saw addition of Long and closure of Short. AXY was weak for the said week however it improved its position last week. NZD saw addition of few Long and more Short reducing net positions, confirming weakness of NZD for the said week. ZXY fell improved its position last week. 4H > We can see price making LL, if price makes a LH we will get bullish confirmation. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Long
by AP17FX
AUDNZD Inverted Head & Shoulder Pattern Favor BullsThe AUDNZD 4hr chart above shows a classic inverted H&S pattern. Price also broke out of the long-term parallel channel and support & resistance level. Price has the potential to retest the broken neckline as support and resumes a strong impulse move in wave (3) of iii. Entry Criteria: Buy from or below the current market price and put stop loss at the red level. Wait for the breakout of the green line for conservative entry! Regards, Veejahbee.
Long
by Veejahbee
2
AUDNZD short Trend is your Friend! 1. One Touch, Two Touch and Third Touch usually completes a Trend. 2. EMA acting as Dynamic Resistance, 3. Markets has Bounce off our Golden Fib Zone, Trend line an Psychological level @ 1.08400 where big institutions place orders and take profit. 4. Waiting for 3 Eight hour candles to show signs of rejection to place Sell order 5. I will be Selling at current Price Level @ 1.08400 Safe SL @ 1.08600 80% Partial TP @ 1.07100 10% Partial TP @ 1.07000 Remaining Trade TP @ 1.06800 Only 5% risk will be take for this trade
Short
by Mafora
AUDNZD loves downward channel​​AUDNZD-H1 Key points ⚡️ After the impulse moves from 1.05500 level it has reached around 1.1000 level which is a key psychological level and started falling ⚡️We can clearly see the LL LH LL patterns and trading in a downward channel ⚡️The first major rejection comes around 23.6% Fibo at this level we have selled before but unfortunately it's retraced back towards entry point and felled almost +70 pips from 1.09300 level ⚡️Currently the price felled below the 50% fibo and will continue to fell towards 1.06000 level Like and share our ideas with your friends..Icu have any questions related to this idea comment below
Short
by forexorbit
2
AUDNZD | PERSPECTIVE FOR THE NEW WEEKAUD/NZD is aiming higher within the broad range despite the announcement from Reserve Bank of New Zealand's governor Orr at the beginning of the month (September 2020) that the central bank is ready to deliver more stimulus. Presently, the pair is trading above the Breakout of the Bearish Trendline hereby closing the last week above the Demand zone @ 1.09200 Tendency: Uptrend ( Bullish ) Structure: Trendline | Supply & Demand | Breakout Observation: i. The line drawn under pivot lows on the Daily chart emphasizes the prevailing direction of price as price comes back to touch Trendline once again! ii. Breakout of Rejection Trendline is another confirmation that points at an Uptrend bias. Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward: 1:3 Potential Duration: 8 to 15 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Long
by darcsherry
AUDNZD shortMonthly 1 touch 2 touch makes a trend line 3rd touch usually completes the trend Weekly 1 touch 2 touch makes a trend line. 3rd touch to complete the trend. 1. Market has reached psychological level between 1.09100 and 1.10000. 2. Looking for 1 more weekly rejection candle to support bearish momentum to the down side. 3. Looking for confirmation in the lower time frame to take a sell. 4H 1. Waiting for price to retest 1.09500 or break up and even get to 1.09600 and create a zone to break out off heading down 2. If price respects 1.09500 and rejections candles are created will be looking to take a sell down to 1.08200
Short
by Mafora
AUD/NZD BUY SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! AUD/NZD: Daytrade-preparation Market-Buy-Order: 1,09580 Stop-Loss: 1,09260 Target 1: 1,09875 Target 2: 1,10010 Target 3: 1,10190 Stop-Loss: 32 pips Risk: 0,5 % - 1% Risk-Reward:2,0 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
8