AUDNZD: Reversal Watch – Short Setup Ready
Today, I want to share a short position setup on AUDNZD(
AUDNZD) with you—stay with me!
AUDNZD started rising today after economic data—especially from New Zealand.
From a technical analysis perspective on the 4-hour timeframe, AUDNZD is moving near the upper area of a heavy resistance zone(1.1852 NZD-1.1660 NZD) and close to the resistance lines.
From an Elliott Wave perspective, AUDNZD seems to be completing the microwave 5 of the main wave 5.
Also, we can see a negative Regular Divergence(RD-) between two consecutive peaks.
I expect, given the solid technical position on both the 4-hour and daily timeframes, we could see a downward correction, potentially dropping to around 1.1733 NZD, with the next target possibly being the support zone(1.1693 NZD-1.1636 NZD).
First Target: 1.1733 NZD
Second Target: Support zone(1.1693 NZD-1.1636 NZD)
Stop Loss(SL): 1.1882 NZD
Points may shift as the market evolves
What do you think—will AUDNZD break the heavy resistance zone(1.1852 NZD-1.1660 NZD) or start correcting again? Let me know your thoughts!
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Australian Dollar/New Zealand Dollar Analysis (AUDNZD), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
AUDNZD) with you—stay with me!AUDNZD started rising today after economic data—especially from New Zealand.
From a technical analysis perspective on the 4-hour timeframe, AUDNZD is moving near the upper area of a heavy resistance zone(1.1852 NZD-1.1660 NZD) and close to the resistance lines.
From an Elliott Wave perspective, AUDNZD seems to be completing the microwave 5 of the main wave 5.
Also, we can see a negative Regular Divergence(RD-) between two consecutive peaks.
I expect, given the solid technical position on both the 4-hour and daily timeframes, we could see a downward correction, potentially dropping to around 1.1733 NZD, with the next target possibly being the support zone(1.1693 NZD-1.1636 NZD).
First Target: 1.1733 NZD
Second Target: Support zone(1.1693 NZD-1.1636 NZD)
Stop Loss(SL): 1.1882 NZD
Points may shift as the market evolves
What do you think—will AUDNZD break the heavy resistance zone(1.1852 NZD-1.1660 NZD) or start correcting again? Let me know your thoughts!
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Australian Dollar/New Zealand Dollar Analysis (AUDNZD), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
Trade attivo
Trade was activated Nota
The AUDNZD SHORT position is still active and valid
Until the heavy resistance zone(1.1852 NZD-1.1660 NZD) is broken, there is a chance of AUDNZD falling
If you have not opened a short position on AUDNZD yet, it is a good position considering the Risk-To-Reward you can have from this analysis, be sure to observe money management.
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
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🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.