Hello
This is my perspective on AUDNZD ANALYSIS
Based on Simple Technical Analysis (Trendline + Support & Resistance)
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk.
Looking for a sell setup in 2hrs. Found some nice channel. Need to see some retracement from the white zone and need to see some nice structure to take a sell.
AUDNZD 4 Hour Analysis (3 July 2023)
1. Price is in pattern, we can see that price is near the bottom of the pattern
2. Also, the stochastic will play an important role for confirmation
3. If the price breaks 0.236 level, we can confirm bullish trend but we can take confirmation from Stochastic
4. also, if the price breaks the pattern bottom line we can check...
Hello Traders,
Hope you all are doing good!!
I expect AN to go Down.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do...
AUDNZD can witness an upmove from area of support towards next resistance then price action may see a pullback or consolidation before further strech towards a rally.
AUDNZD is trying to catch a bull run. It had took support 4 times over Trendline T1 and making a triangular pattern while respecting the trendline T3 & T4. If a successful bullish breakout occurs then we may initiate a buy position above 1.08100 with a stop loss below 1.07375 and a target of 1.10150.
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We can see an Ascending Channel Pattern being formed on AUDNZD Chart, Seems to be a possible breakout , Only trade after a Breakout of support and take profits of around 500 pips easily
A Flag pattern has been formed in a daily time frame chart of AUDNZD pair and an entry point for a long position is sensible at this point with 1.06916 as a stop loss. The first target for this trade is 1.08017, and 1.08466 is a second target.
