AUDNZD Prints Large Bearish Rejection Day

AUDNZD has made a very obvious statement, that the day closes with extreme weakness – which I believe was off the back of NZD economic data, which was very bullish for the NZD.

My Battle Station plugin for Metatrader picked up the rejection signal, which is the alert shown on the chart above. If you want to try out the Battle Station, and my other tools, use the widget below to download your trial pack.

The large wicked candle on the daily chart shows intense selling from failed highs, one of the most common price action signals used by the community.

Because the signal is so large, it sends a clear message that AUDNZD is highly likely to continue weakening.

The real challenge of this one is getting and entry price / stop loss combo that gives you decent risk reward outcome for the trade.

Trade a break of the rejection day low / stop above the high is a giant spread for your stop loss, and you will be waiting for weeks to get decent ROI.

So watching this one for any pull back / retracement style entrys. Looking on the intraday swing trading charts for further weakness to develop of lower highs to help build a trade around.

Best of luck on the charts!

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Howdy traders,

By popular request, I've release trial versions of all my custom MT4/5 tools myself and the War Room traders are using in our day to day trading.

Follow the download button below if you would like to try them out :).

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6 Comments...


  1. ali comment display photo
    ali
    thank you for share signals dale
    1. Azad comment display photo
      Azad
      thank you for share signals dale

  2. Joel vinculado comment display photo
    Joel vinculado
    I'm very much interested to learn Technicals of Stocks etc.

  3. VICKY comment display photo
    VICKY
    thanks dale

  4. wasfi cheaito comment display photo
    wasfi cheaito
    thank you Dale for the opportunity to test the your trading tools.

  5. Owen comment display photo
    Owen
    Powerful info Dale keep up the good work!!!
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