AUDNZD 4 Hour Analysis (13 June 2023)
1. Price is in Supply area
2. We can see divergence in AO and MACD
3. As we can see MA is bullish
but, there might be a retracement before
next bull move (due to the divergence)
AUDNZD Trading Ideas
1. Price is respecting the strong supply area
2. We have imp Key Levels
3. Depending on the breaking of KeyLevel we can
take entry
4. As its in supply area, bearish entry preferred,
but KL1 for backup
AUDNZD Trading Ideas
1. Price already passed the supply zone,
2. Previous AO divergence done,
3. QM formation suggests that
we can wait for a entry but after confirmation
from the zone levels only
AUDNZD 4 Hour
1. In a previous strong supply area
2. Divergence with RSI
3. If the supply breaks, we will go to bullish TP,
if supply intact, we can wait till bearish TP1.
FX:AUDNZD
AUDNZD ( 1HR Time frame ) has created a double bottom and it has given Neckline breakout and it retesting the neckline level, Now we can plan for buying side. plan your trade accordingly....
AUDNZD 30 min short time setup (Neutral)
1. Chart pattern formed
2. Divergence found
3. we need to wait for breakout
and we can enter according to the market
condition
AUDNZD Sell Trade opportunity
Recently, the support level was broken and now we are waiting for the market to retest the resistance level that I have marked. If the market does retest the resistance level, it would present a good opportunity to sell.
FX:AUDNZD
As we can see that AUDNZD has created a Down trend channel pattern and breakout also happened at buy side, if it gives pull back entry we can plan our trade for buy side. plan your trade accordingly....
some confirmation for upside move
1. double bottom - Bullish reversal pattern
2. bullish divergence
Entry - buy stop on neckline
stop loss - below the low of double bottom
Risk reward ratio 1:1 for ist trade and 1:2 for second trade
risk - 1 percent of total portfolio
Hi All,
Looking at chart for the pair, I previously expected the pair to form an inverted H&S, but instead of that, the pair is trying to form a DB to move ahead.
The plan is to look for a short sell in this pair.
Entry , Sl and TP marked.
Thank you
Hi All,
Looking at chart for the pair, we can anticipate the sell trend is coming to an end. The month support holds good, Bullish candle in 4hr with good volume. We can see the price is now forming an inverse H&S(trend reversal pattern), where we are buying the head.
The plan is to look for only buy in this pair.
Entry , Sl and TP marked.
Thank you
A rising wedge breakout is a technical analysis pattern in which prices of an asset break out of a rising wedge pattern, typically indicating bearish sentiment and a potential for prices to fall. This pattern is formed by two converging trend lines that slope upward, creating a triangle pattern. When prices break out of the triangle, it is often seen as a sign...
