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Audnzdlong

AUDNZD Super Bullish Trade SetupAUDNZD made a bullish reversal after the completion of an ending diagonal pattern. The impulsive rally has made a two swing high, the i-ii, (1)-(2) wave structure. The completion of wave (2) correction which unfolded as a double zigzag, terminated at 61.8 Fib, and enclosed within a parallel channel indicated that the price action might have found a bottom in the short term. According to Elliot Wave theory, once a correction is completed the market resumes in the direction of the impulse. In AUDNZD's case, we should anticipate a strong rally in the third of a third wave. Trade Plan 1. Entry at green levels 2. Stop loss at the red level Do you want to learn how to uncover such setups by yourself? Shoot me a DM. Regards, Veejahbee.
Long
by Veejahbee
AUDNZD - Falling wedgeWhen a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, price may breakout above the upper trend line. When price breaks the upper trend line the security is expected to reverse and trend higher. Dear traders are looking for an entry point into the long
Long
by Yuriy_Bishko
8
AUDNZD, 4r tf, buy descending trendline breaoutHello my friends, Another setup for next week is AUDNZD pairs. As you can see this pairs was bearish since August until Novemer but last week, it is moving in a sideways direction. Looks like sellers want to push it down but buyers won't let it happen. This 1.0500 area has served as a key turning point for this pair. I think we could see price rotate higher next week because price already broken above the desceding trendline. Notice also that we got some bullish price action candles at this 1.0500 support. Buy AUDNZD 1.0510 Stop loss 1.0480 Take profit 1.0585 (2.5R) RR Ratio 1 : 2.5 Use only 1-2% risk Good luck
Long
by HayatoDragonFX