Gbp-nzd
GBPNZD SS Short + 148 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.8855
Stop = 1.8875
Risk = 20 pips
Profit target = 1.8707 ( The projected daily low )
Reward = 148 Pips
RRR =7.4 -1
2nd Entry = 1.8782
Stop = 1.8907
Risk = 25 pips
Profit target = 1.8707 ( The projected daily low )
Reward = 75 Pips
RRR = 3-1
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Allen
GBPNZD SS Short + 75 Pip PotentialPrice is below the Daily and 15 KS as well as the cloud. This is a Type 2 trade with a High probability and good RRR.
Entry = close below 1.8858
Stop = ??
Risk = 25 pips
Profit target = 1.8780
Reward = 75 Pips
RRR = 3-1
If you like the idea, please push like and follow me, it motivates me to post ideas more often.
And if you have your own ideas about the market at the moment, share them in the comments, I will be glad to see it.
Have a great week!
Allen
GBPNZD - FOREX - 03. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Bearish market movement below previous lows.
4 HOUR
Price action increasing and probably taking out long holders.
DAILY
Daily structure very bearish at its support now, expecting a bullish rallie or pullback now!
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FOREX SETUP
BUY GBPNZD
ENTRY @ 1.88200
SL @ 1.86490 (170 Pips)
TP @ 1.91100 (290 Pips)
RR: 1.70
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPNZD SS MA trade + 84 Pip PotentialWe have a nice down move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR.
Entry = 1.9305
Stop = 1.9325
Risk = 20 pips
Profit target = 1.9221
Reward = + 84 Pips
RRR = 4-1
**Once this trade is up + 25 pips, move your stop to breakeven and let it run
RETESTING AREA OF SENSITIVITY TO GO SHORT- Price has been supported for a trendline since last December
-Broke out to the down side
- Now retesting
- Pin bar in the H4 rejecting area of resistance (there's also a candle in the daily chart rejecting this area)
- Waiting for confirmation (e.g. bearish engulfing candle)
- Posible target to previous area of buyers
What do you think?
GBPNZD approaching support, potential bounce!Price is approaching our first support (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce to our major resistance (38.2% Fibonacci retracement) might occur. Stochastic is also approaching support as well.
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Losses can exceed the initial investment so please ensure you fully understand the risks.