NZDAUD trade ideas
AUDNZD 4 Hour Analysis (3 July 2023)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 for bearish entries.
Long AUD/NZD from a support The pair has started a new uptrend and has stayed above the ichimoku cloud for a decent amount of time. It is now at a support level both from the point of view of the ichimoku clouds and also the standard pivot level. It also seems to be forming a flag pattern on the hourly timeframe which further adds conviction to the long idea. The target will easily be a new high in the this wave of the rally.
AUDNZD 4 Hour Analysis (26 June 2023)AUDNZD 4 Hour Analysis (26 June 2023)
1. Price is in with all the important fib
levels
2. also we can see price is in RSI oversold
region, so we can expect some bullish move
3. Also, if price breaks 0.382 level, we can expect
some bullish move
4. If price breaks 0.5, we can expect some
bearish move
5. This can be confirmed by ADX or DMI also,
means, with +DI and -DI line we can
confirm the trade direction during breakout
AUDNZDthis chart show neutral dissection because market move up or down, both are possible. so if you use your won price action and find entry , after entry follow proper money management rules and trading rules. don't forget your trading plan. before entry find stop loss and target AUDNZD 3 hours chart analysis, double top pattern. trading strategy, forex trading