GBPNZD-4hr's Seem we Have Landing Soon📍__**Hello all traders
🎗 GBP/NZD Setup / Analysis
🕐 4HR'S Chart
📋 Educational
—————**-
🗒 Just browsing through my analysis means a lot to me.
➡️ Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied
Always enter into deals when there are more than 5 reasons
combined
Key Technical / Reason's Short Position's
🔰Entry Reversal
---- 1.99700 Area
Value Area Break Out
Head & Shoulder Break Out
Day low Break Out
Up Channel Break Out + 3 Drive
Down Counter Trend
Target Reversal
----- 1.95000
High Volume Poc
Major Turn level
Head & Shoulder Target Reversal
Ultra High Volume Area
GBP/NZD
Short Down " 1.99650 - 1.99750
Take Profit " 75 PIP / 150 PIP / 225 PIP / 300 PIP
Stop loss " 75 PIP
📍Risk 2.5 % : 5 %
➕Account Growth Expecting " 5 % : 20 %
❗️Risk : Reward 1 : 4
Gbp-nzd
GBPNZD breaking 4h resistance 🦐GBPNZD on the daily chart (left) is moving inside a uptrending channel.
On the 4 chart (right) market after consolidating between a support and resitance has broke the 4h structure to start again a bullish move.
According to our strategy we can set a nice long order
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
GBPNZD Possible paths for the priceMain items we can see on the chart:
a) The price is currently on a resistance zone
b) Based on past behavior if the price is not able to break the level we should see a bearish movement towards the next support zone
c) If the price is able to break the resistance zone, we should expect a bullish movement towards the next one
d) However, if you are interested in trading this situation we would wait first for a clear correction either for the bullish or bearish scenario
GBPNZD Long Setup & AnalysisYellow zone - critical supply/demand area based on the weekly timeframe
Red zone - critical/supply demand area based on the daily timeframe
According to the latest GBP COT Report we can see that the Sterling is starting to show a strong momentum in favour for the long contract sizes. If this continues, we can see a possible attempt for the GBP/NZD to reach the 2.20000. The New Zealand Dollar on the other hand doesn’t show us dominance for either long or short contract sizes based on the COT Reports from the beginning of June.
For me there is one possible scenario:
1.From a monthly perspective we are far away from the equilibrium zone and the first step in getting close to it is a possible close over the monthly dotted trendline near 2.20000.
Price will be drawn to that level due to the fact that it is a major supply area. It is a quadruple confirmation point which aligns perfectly with the monthly dotted trendline, a monthly critical supply zone, the weekly upper trendline and with the golden 0.618 Fibonacci level.
Before that, we will see a few corrections that can be used as entry points for our trades.
Happy trading!
GBPNZD Retesting the trendline and now is dropping This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
Don't miss the great buy opportunity in GBPNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.929). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 1.9380
TP2= @ 1.9510
TP3= @ 1.9635
TP4= @ 1.9745
TP5= @ 1.9885
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in GBPNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.929). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 1.9380
TP2= @ 1.9510
TP3= @ 1.9635
TP4= @ 1.9745
TP5= @ 1.9885
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in GBPNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.9115). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 1.9300
TP2= @ 0.6957
TP3= @ 0.6937
TP4= @ 0.6905
TP5= @ 0.6875
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in GBPNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.9115). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 1.9300
TP2= @ 0.6957
TP3= @ 0.6937
TP4= @ 0.6905
TP5= @ 0.6875
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPNZD ANALYSISGBPNZD rebounded with bullish movement from demand zone at level 1.9020 after forming false breakout
RSI reached oversold region
It's expected for coming strong bullish wave to first target key level at 1.9290
then rebounded to retest HVN at level 1.9188
then finally target supply zone at level 1.9425