On GBPNZD, H1 timeframe, price is forming a trendline as it's hovering around a strong resistance level. The price had 2 rejections forming a non-typical double top as the two red dots aren't 100% parallel. Meanwhile, until the trendline is broken, this one is still bullish.
GBPNZD Failing to make HH on a daily chart. the las time visited this level the price fell from 1.976 to 1.919 in April. Visited again in May and fell from 1.976 to 1.930, Then failing to make a HH on Jun 5 and now in the neighborhood. again.
Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Sideways consolidation.. 4 HOUR Expecting a bearish break this week. DAILY Great price action and presure. - FOREX SETUP SELL GBPNZD ENTRY LEVEL @ 1.96640 SL @ 1.97660 TP @ 1.95060 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep...
Price is holding above both ascending trendline and moving average support, showing possible bullish pressure in line with our analysis. We could see a further rise towards take profit level, in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension . Any opinions, news, research, analyses, prices, other information, or links to third-party sites...
GBPNZD on the 4h chart after the rejection by the monthly resistance retraced at the 1.93650 area. The marker started a new impulse and is now trading inside a bull flag. 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 ->...
See Signposts for key price action details.
See Signposts for key price action details.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.9665). 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 (1.9665). 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...
Price is facing bullish pressure as it continues to hold above the ascending trendline and Ichimoku cloud support, in line with our bullish bias. We could potentially see a bounce at 1st support, which is in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support, and further upside towards 1st resistance, in line with...
4h- massive inverted H&S/ which was retested already. HH's & HL's/ testing previous TL resistance- broken already / currently support. Over all target is 1.98600
GBPNZD after the retracement at the 0.5 Fibonacci level started a new impulse to the upside. The market is approaching the resistance area and 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...
Hi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions
Welcome back! Please support this idea with a LIKE if you find it useful. *** GBP/NZD - Daily correction has been completed and currently rejecting 50% fib, price above 50 MA and strong reversal zone. Potential target around 9550... We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Click "Follow"...
Head and shoulder formation, breakout and retest looks complete, time for a continuation to the next resistance? Can I get comments and Ode ideas pls