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Gbp-nzd

GBPNZD: Key Levels That You MUST Consider hey guys, GBPNZD is currently approaching a strong weekly structure. because the pair is very volatile and can boom and bust very quickly, here are the key levels that you must consider trading this market: Support 1 - 1.905 - 1.915 this structure is based on the current year's low and price action of 2019th. the market is currently testing that area, so look for long opportunities on lower time frames. Support 2 - 1.84 - 1.854 this structure is based on 2018's and 2019's structure lows. though the market dived deeper testing theses levels, weekly candles have perfectly closed within the above-mentioned zone. Resistance 1 - 1.945 - 1.955 this structure is based on 2019's price action. in case if support 1 is respected, it can be the first goal for swing traders Resistance 2 - 2.0 - 2.02 this structure is based on current year's high and 2019's price action major reversals always happen on key levels. so always pay attention to the reaction of the market to these zones.
Long
by VasilyTrader
17
GBPNZD: Long Trade Explained GBPNZD is trading within a key weekly/daily zone of demand. this zone is based on a strong horizontal structure + confluence with 618 retracement of the last major leg and a support line of a falling parallel channel on 4h. on hourly time frame the price stopped falling after a massive selloff and set a higher low forming a double bottom pattern. now I wait for a bullish breakout 1.949 minor resistance to initiate a long position. target levels: 1.956 1.96 in case of a new lower low, lower close, setup will be invalid.
Long
by VasilyTrader
14
GBPNZD - SWING - 01. SEPT. 2020Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Bullish market open and pressure. 4 HOUR Price closed above main sr level. DAILY Expecting another push to the upside following midterm trend. - FOREX SWING BUY GBPNZD ENTRY LEVEL @ 1.98920 SL @ 1.97650 TP @ 2.00870 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
Long
by DACapitalTrading
16