if a strong Bullish candle happen in the shown price we're gonna open a buy position with the shown stop loss and take profits good luck :))))
We notice in the chart that the pair continued to decline in the previous period But it appears in some indications that the pair has lost the selling power The price is now in a strong support area, and there are signals to start buying, and this area is a consolidation area The price after the reversal showed slight buying power I expect to buy in the short and...
GBPNZD rebounded from key level at 1.9120 with strong bullish movement Price is based above HVN at level 1.9196 which indicates that pair is in accumulation phase RSI is in uptrend It's expected for coming bullish momentum to retest major downtrendline near level 1.9400
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...
GBPNZD rolled back and is now ready to rise again. I expect growth from the value area to the resistance line
The trend is your friend until the end when it bends.
If could close under 1.9410 in H4 ( 261 level of fibonacci) it can reach easilly to 423 level of this fibo at 1.9155. you can set sell position with SL=1.9625 and tp=1.9155
As published by my self on September 4th this pair had retraced to our 61.8 fib with a clear rejection of this level. Price then continued to push down taking out previous lows to eventually reach our target zones at the -27 and -61.8 fib extension levels. Those that are part of our private educational group capitalised massively on this particular set up.
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...
As the price reached the support line, we can see from the chart that the price will go up
On GBPNZD we have seen a retracement to the 61.8 fib in this overall bearish trend. We can also see that the we are retesting the August open which sits nicely with our 61.8 fib. If we see a strong close below the August open we will most certainly be looking to open a short position down to our -27/61.8 fib extension levels that correlate nicely with previous swing lows.
Seeing an impulsion on GBPNZD, let's see what happens guys ;)
GbpNzd BUY ENTRY : 0.96480 Tp 1 : 0.97520 ( +100 pips) Final Tp : 2,02515 (+600 pips)
GBPNZD completed bearish elliot wave (5) MACD shows weakness in bearish momentum RSI shows positive divergence we r waiting price to close above key level at 1.9760 to open long trade It's expected for coming bullish movement to target HVN at level 2.0055
Welcome 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...
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!