Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.925). 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. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.925). 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. ....
See Signposts for key price action details.
GBPNZD is lining up for a nice drop. Confluence: - Descending trendline - Smaller timeframe wedge - Fibonacci - Fibonnaci target lines up with Wedge Look for smaller timeframe patterns
GBPNZD is lining up for a nice drop. Confluence: - Descending trendline - Smaller timeframe wedge - Fibonacci - Fibonnaci target lines up with Wedge Look for smaller timeframe patterns
2 potential ideas for GBP/NZD currently in an ascending triangle. 1. BUY Price may reject at support (white trend line) and then break through the resistance of the ascending triangle (1.9180). 2. SELL Price could fail to reject at support and we could see price revert back to previous support at the 1.8630 level. Before taking either trade I will look for...
GBPNZD after a double bottom over a monthly trendline tested the resistance area at 1.91800 and retraced inside a bull flag. The market bounces exactly over a weekly support and created a new impulse. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure...
Very peculiar bullish pressure this morning on GBPNZD. On a daily, the price is currently trading within an ascending triangle with two consequent higher lows. For now, 1.92 is a strong horizontal resistance where the price sets equal highs. In case of its bullish breakout (daily candle close above), a strong swing move can be initiated. In case of a...
GBPNZD after a double bottom over a monthly trendline tested the resistance area at 1.91500 and retraced inside a bull flag . The market bounces exactly over a weekly support and created a strong impulse on the last trading day of the week. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. –––– Follow the Shrimp...
GBPNZD on the daily chart after a double bottom over a monthly trendline tested the resistance area at 1.91500 and retraced inside a bull flag. The market bounces exactly over a weekly support and created a strong impulse on the last trading day of the week. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long...
Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Bearish closure at the end of previous week. 4 HOUR Expecting more downside this week. DAILY Overall sideways moving structure with good short entries! - FOREX SWING SELL GBPNZD ENTRY LEVEL @ 1.90560 SL @ 1.91600 TP @ 1.88970 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different...
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/NZD ⚪ Technical Analysis : Since the beginning of January 2021, the price has been following a strong uptrend, reaching...
GBPNZD after breaking above the weekly resistance reached the previous high at 1.92 level. From there the market started a retracement move into a bull flag and recently touch the 0.5 fib level. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure ->...
Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Very bearish price action and pressure. 4 HOUR Market forming a d-top, expecting more downside. DAILY Overall sideways moving structure.. - FOREX SWING SELL GBPNZD ENTRY LEVEL @ 1.90870 SL @ 1.91840 TP @ 1.89540 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave...
Possible short opportunity on GBPNZD. We have seen rejection at resistance for the 4th time and so we can expect some bearish momentum. A break of the 200 day EMA and the trend line at the 1.8975 level would call for a short opportunity where we could see price return to support at the 1.8610 level. Confirmation of breakout: - Closed bearish 4Hcandles - Price...
Entry price : 1.91990-1.91980 SL : 1.92200 TP : 1.89850 Use 1% risk