The pair broke through support level at 1.98237 then acted as a resistance level once the price retested. Resistance held price below and we may see a retest of support level 1.96408
📍__**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 ...
Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
GBPNZD WEEKLY OUTLOOK AUG 23 - 28
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...
Main 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...
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
Yellow 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...
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!
You make sure to take a look at this long wick of resistance of GBPNZD, as NZD Office Rate has occurred for this pair. This is a trade to sell now for a continuation of a downtrend to form soon. TP: 1.9855 OR BELOW
Trading 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. ....
Trading 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. ....