Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0371). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
expecting price to tap into resistance, or top of channel before looking for sells, prefer to wait for buy positions
Use this chart as a guide to develop your view or to confirm your setup. Main items we can see on the chart: a) The price is inside an ascending channel (primary structure) b) Currently, the price is above a resistance zone (now working as support) c) On the Support Zone, we can see a Flag pattern (continuation structure) d) Now the price has broken the...
First trade of the week, take profit hit. This was only a quick hourly trade for me, took after seeing a fakeout on this consolidation zone, failing to create a higher high and then waited until we found resistance at the top before playing it back down to the previous support level which it tapped perfect, as expected. Overall for GBPNZD, I do think we will...
As we can see we have hit the upper part of the triangle and we also have small divergence on 4h to weekly charts, so we are expecting a drop. We also need correction from the 200pips gain, which is unreasonable!
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0485). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0485). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Hello, we are looking for buy setup because of multiple reasons. Buy territory Up trend Weekly support Correction Trend strong bullish on all timeframes M,W,D Risk Management!
7 hour stoch rsi momentum at 70 bearish cross going down ichimoku signal semi bearish signals already
Based on the Rectangle drawn days ago, the GBPNZD is still expected to the respecting the Resistance that has been tested over and over again. High chances of a sell, as a rejection candle has also formed at the Resistance level. Price is expected to bounce back down.
Hi there. Price is forming a reversal pattern to change its formation. Watch strong price action at the current price for sell.
POTENTIAL TRADE: GBP/NZD Short positions look appealing in this currency pair. As we have observed in the past, price appears to be rejecting the 2.050 level. This currency pair appears to be stuck within this range. Stops should be placed above the green region. Buyers don't have enough strength to push price above the zone of resistance. There have been three...
Hey guys, as we can see we have a divergence on the chart, paired with big drop from the top, so all of those things signal a drop.
bullish pressure is accumulating and buyers are now in an attempt to break above the current market high. in case of a bullish continuation, next level of resistance to consider will be: 2.10 2.15 adjust you trading plan accordingly! have a great weekend!
GBPNZD is forming cup and handle pattern on H1 frame Price rejected from Moving Average 100 and 61.8% Fibonacci level of preceding bullish wave at 2.0259 Pair is supported above key level at 2.0291 Above HVN at level 2.0056 which indicates that pair is in accumulation phase RSI is making higher lows It's expected to target first key level at 2.0432 then continue...