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Australian Dollar / New Zealand Dollar

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AUDNZD trade ideas

AUDNZDRBNZ monetary policy statement impact has completed the pattern we have expected earlier. Currently we are anticpating a wave down to complete a 3 wave correction. This wave can happen anytime now. It may be impulsive or corrective in nature. The medium term is short with a TP of about 200 - 250 pips and SL of 100 - 150 pips. Expected duration of the trade is 30 days. Aggresive entry is at the current price now. It carries a higher degree of risk which is not suitable for most of the traders unless you know how to manage it. This idea will be updated daily.
Short
by Lazly_Antony
The same way as last timeIf YPP (P) 1.08720 functions as a support line, think long. The first limit is WePP (R1) 1.09559 The second limit is 1.10000 I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
1
Is YPP (P) still reliable?If it judges that YPP (P) functions as support, it will be long. The first limit is WePP (P) The second limit is near the most high value of 1.09800 I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea