GBPNZD broke downtrendline Price is trading in uptrend Above SMA 100 Pair is based above key level at 1.9795 It's expected forming bullish Elliot wave 5 to target resistance level 2.0000
GBPNZD on the weekly chart is testing the resistance area near to the upper trendline of the channel. The market closes the week with a nice bullish candle and according to Plancton's strategy if the price will flip the resistance during next week we will be ready to set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly...
GBPNZD on the daily chart after the weekly trendline rejection is moving to the support area at the 1.96300. The price has recently break the ascending counter trendline and according to Plancton's strategy if a break below will occur we can set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure ->...
Price broke the ascending channel with a bearish candle, showing bearish momentum. Price then reversed to retest the channel, zone area and descending trend line, which forms a solid confluence. Multiple wick rejections form before the formation of a large bearish candle, showing the strength of the confluence and bearish momentum taking over. This gives rise to a...
GBPNZD rebounded from uptrendline Pair is based above key level at 1.9600 MACD shows weakness in bearish momentum we r waiting price to break corrective downtrendline and HVN at level 1.9755 to open long trade It's expected to target level 2.0000
Hi guys i breakdown my idea... on this pair, should be around same idea.... for the market...
GBPNZD Broke below ascending trendline support, now resistance. A further drop below 50% Fibonacci retracement at 1.97756 towards graphical swing low and -27.20% Fibonacci retracement level at 1.96714 could be possible. Stochastic is testing resistance as well where price dropped lower in the past. Any opinions, news, research, analyses, prices, other...
Retest of zone area after channel breakout for possible entry. Price shall continue to fall as is failed to create new higher highs but formed new higher lows, which indicates price is in a down trend on the overall
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.9797). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPNZD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.9797). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPNZD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts...
GBP NZD is short for me as we have broken the daily trendline and rejected the resistance zone and trendline with bearish pinbar.
GBPNZD facing bullish pressure from ascending trendline support, horizontal pullback support, 50% Fibonacci retracement, and 78.6% Fibonacci extension. Prices might push up towards horizontal pullback resistance in line with 78.6% Fibonacci retracement and 100% Fibonacci extension. If prices push down further, prices might take support on horizontal overlap in...
Welcome back! Please support this idea with a LIKE if you find it useful. *** GBP/NZD - Price is currently rejecting a very strong structure of support and we could see another push to the upside. We'd like to see a move back down to support for a clean long entry and will look to take profit right before the highlighted resistance zone. Do you agree with this...
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As GBPNZD is seem to be forming a sign of resistance of wicks, we could see a downtrend is forming for price made levels to the 62 percent of the fib retracement. The fib expansion helps on setting levels of where our take profit would most likely be due to the retracement, where I have take profit one: 1.983, and take profit two: 1.978, based on price action.
GBPNZD break and retest the resistance at the 1.98 area. The market is moving inside an ascending channel and is now trading below a minor structure. According to Plancgton's strategy if the price will break above we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵...