GBPNZD is facing bullish pressure | 24 Mar 2021Prices are facing bullish pressure from pivot level which is in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards 1st support which is in line with -27.2% Fibonacci retracement and 127.2% Fibonacci extension. If prices fall through pivot level, prices might take support on 1st support which is in line with 38.2% Fibonacci retracement level. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Gbp-nzd
Multi-Wick Rejection Offf The Weekly Level Can Lead To ShortThis is a very jittery uptrend. And there are a lot of which rejections on my weekly area around 1.94408. I can see this from the daily timeframe. This could mean that we're getting ready for a short and if any reversals are possible, it will happen later part of the week. For now, my targets will be targeting daily levels from both sides. So less he had a market plays out.
BULL TPs:
• 1.94408
• 1.94950
• 1.96092
BEAT TPs:
• 1.93297
• 1.92725
• 1.92020
• 1.91514
• 1.91065
GBPNZD inside an ascending channel 🦐GBPNZD on the 4h chart is now testing a minor support.
IF the price will break below we can set a nice short order for a test of a test of the ascending trendline
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
GBPNZD will break the flag? 🦐GBPNZD after our last analysis reached the recent highs and starts a retracement within a channel till the support level.
According to Plancton's strategy if the conditions will be satisfied we will set a new long order.
-----
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
GBPNZD - SWING - 15. MAR. 2021Welcome to our weekly trade setup ( GBPNZD )!
-
1 HOUR
Bullish reaction and price action,
4 HOUR
Overall bearish market structure!
DAILY
Sideways consolidating market, looking for a downside break.
-
FOREX SWING
SELL GBPNZD
ENTRY LEVEL @ 1.93800
SL @ 1.94540
TP @ 1.92790
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Can The Bull Rally Stop The Possible Short?Have bearish engulfing on the 4hr that has to be retested. But I don't think the retest may last long. We may keep continuing up to test the weekly 1.94408 area, shoot back down as a rejection.
With the large inverted head and shoulders below, we might pass up though to continue the rally.
Otherwise, we may just keep dropping on down until we reach the daily 1.90910 area before another attempt back up.
BULL TPS:
• 1.93496
• 1.93871
• 1.94408
• 1.94950
BEAR TPS:
• 1.92628
• 1.92020
• 1.91065
• 1.90353
GBPNZD - SWING - 11. MAR. 2021Welcome to our weekly trade setup ( GBPNZD )!
-
1 HOUR
Bearish market structure and price action.
4 HOUR
Closure below main sr level.
DAILY
Overall looking like a bearish turning market.
-
FOREX SWING
SELL GBPNZD
ENTRY LEVEL @ 1.93180
SL @ 1.94030
TP @ 1.91310
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPNZD - 1500pip SHORT ApproachingGBPNZD is in the major descending channel with the 618 fib falling exactly on the channel resistance. The inner channels upper resistance also lines up with the 618 fibonacci. Will be looking at shorting this soon - only after confirmation!
Would like to give thanks to @loudon3 for pointing out some of the things you see in this chart!
Trade Safe.
GBPNZD - 1500pip SHORT ApproachingGBPNZD is in the major descending channel with the 618 fib falling exactly on the channel resistance. The inner channels upper resistance also lines up with the 618 fibonacci. Will be looking at shorting this soon - only after confirmation!
Would like to give thanks to @loudon3 for pointing out some of the things you see in this chart!
Trade Safe.
GBPNZD will bounce at the 0.618 🦐GBPNZD after the last impulse started a choppy retracement until the 0.618 Fibonacci level.
According to Plancton'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.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
GBPNZD INTRADAY OPPORTUNITYA classic move back to an area of liquidity. Anticipating a move back down to last weeks low over the next few days. This is a high risk opportunity as it goes against the current retail sentiment however the potential payoff is big.
Disclaimer: this is not a signal or financial adive. Please do your due deligence.