Chart: Daily AUDNZD
Setup: Supply-zone rejection into established downtrend
🔍 Analysis
Trend Context:
― Since mid-February price has been making lower highs & lower lows, confirming a bearish bias.
Supply Zone:
― 1.0980–1.1035 area (highlighted) has flipped from support to resistance, printed clear bearish wicks on multiple daily closes.
Fibonacci Confluence:
― Entry at 1.1000 lines up with the 61.8% retracement of the March–April leg down.
Structural Support:
― Next major demand cluster sits at 1.0650–1.0680 (your TP zone), then psychological 1.0500.
📈 Trade Details
Entry (Sell): 1.10000
Stop-Loss: 1.10346 (just above the supply zone)
Take-Profit: 1.06568 (below April swing low)
Risk: 34.6 pips
Reward: 343.2 pips
R : R: ~9.9 : 1
🛠️ Execution & Management
Entry Trigger: Wait for a bearish daily close (engulfing or pin-bar) back inside 1.0980–1.1035.
Stop Adjustment: After +50 pips, move SL to breakeven to neutralize risk.
Scaling: Consider taking 50% off at 1.0850 (swing-to-swing) and letting the remainder run to 1.0657.
Catalyst Watch: Be mindful of RBA/NZ CPI events and AUD or NZD-related commodity data.
Setup: Supply-zone rejection into established downtrend
🔍 Analysis
Trend Context:
― Since mid-February price has been making lower highs & lower lows, confirming a bearish bias.
Supply Zone:
― 1.0980–1.1035 area (highlighted) has flipped from support to resistance, printed clear bearish wicks on multiple daily closes.
Fibonacci Confluence:
― Entry at 1.1000 lines up with the 61.8% retracement of the March–April leg down.
Structural Support:
― Next major demand cluster sits at 1.0650–1.0680 (your TP zone), then psychological 1.0500.
📈 Trade Details
Entry (Sell): 1.10000
Stop-Loss: 1.10346 (just above the supply zone)
Take-Profit: 1.06568 (below April swing low)
Risk: 34.6 pips
Reward: 343.2 pips
R : R: ~9.9 : 1
🛠️ Execution & Management
Entry Trigger: Wait for a bearish daily close (engulfing or pin-bar) back inside 1.0980–1.1035.
Stop Adjustment: After +50 pips, move SL to breakeven to neutralize risk.
Scaling: Consider taking 50% off at 1.0850 (swing-to-swing) and letting the remainder run to 1.0657.
Catalyst Watch: Be mindful of RBA/NZ CPI events and AUD or NZD-related commodity data.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.