ENTRY: 1.97800+- TP: 1.98200 TP2: 1.98500 TP3: 1.98800 SL: 1.96600 Chart time frame - W Follow, Like, Share or Comment Thanks on supporting! All best!
POTENTIAL TRADE : GBP/NZD This currency pair has recently broken key level of support at price 2.0 We are watching this pair to break this ascending triangle to the downside.Poteintal short positions can be considered here with stops placed above previous resistance zone at 2.0.
ENTRY: 1.96600+- TP: 1.96200 TP2: 1.95900 SL: 1.97000 Chart time frame - 4H Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
FX:GBPNZD The breakout of resistance or support could lead this cross to a new trend. What would be done in that case? We put the order to market after the confirmation of the weekly closing of the candle, we define the stop loss on the basis of the parameters of our strategy, we follow the trend in a systematic way without being taken by the fear of closing the...
Strong bearish wave ended at level 1.9405 then correction occurred until level 38.2% Fibonacci level at 1.9774 Price is rejected from this level and break the corrective uptrendline Below Moving Average 100 MACD shows negative divergence RSI broke uptrend Price is based below key level 1.9654 and HVN at level 1.9673 It's expected for coming bearish movement to...
ENTRY: 1.96850 TP: 1.96400 TP2: 1.96000 TP3: 1.95500 SL: 1.97400 Chart time frame - 1D Time for reaching TP - 1-3D Follow, Like, Share or Comment Thanks on supporting! All best!
Here is a trade idea I had on GBPNZD, short. My fundamental analysis is the following: GBP (Great Britain Pound): (N) - Brexit, a problem that will be fixed, but will create another one which is a trade deal with the EU, which currently has a lot of uncertainty. (N)- Markit Manufacturing PMI 47.5 (vs. 47.4 previous), has to be over 50 to be positive. (Jan...
Price appears to be popping out of a massive support zone. Also, bouncing from the 200 day MA suggests upside. Nice R/R on this swing trade
On a daily Chart. As you can see, I made it clear regarding the Entry point, Take Profit and Stop Loss. (For those who are curious!) * The Price is obeying the trendline. (So far) * In terms of the price action, it looks like that the price will continue toward the downtrend and the next Support level. * Looks like the price is trying to break the Support by...
Following up on the weekly analysis I posted earlier, GBPNZD has broken the daily corrective structure channel, and it's retesting it. The break out is an impulsive move followed by a corrective structure that seems to be unfolding as a zigzag. The correction in wave (ii) of C has retraced 61.8 - 78.6% of wave (i), and it's within a deep Fibonacci extension zone...
Price is above the Daily, 60 and 15 KS as well as the cloud. So all 4 horseman are aligned. This is a Type 1 trade with a High probability and good RRR. BO Entry = 2.0319 Stop = 2.0294 Risk = 25 pips Profit target = 2.0399 Reward = 80 Pips RRR = 3.2 - 1 The Strength & weakness analysis shows GBP - 1 and NZD - 4. The other GBP pairs have either moved too far or...
Simple bullish flag formation. 50% fib level acting as support. With the expectation of a Boris Election victory, we should see a nice bullish rally incoming. Buy Order @ 2.03350 Stop Loss: 2.02250 Take profit: 2.19100
Use this as a guide to develop your setup: Main items we can see on the Daily Chart: a)The price is inside an ascending channel since 2017 b)Inside the channel, we can see a clear Support Resistance Zone and how the price respected several times c)Currently, the price is above the support zone with a Pennant formation. d)Pennant Patterns are considered...
ON THE LONG TERM, ALL GBP PAIRS LOOKING BULLISH, BUT COULD WE TAKE SOME SHORTS IN THE SHORT-TERM? RISKY BUT WHY NOT? WAITING FOR CONFIRMATION CANDLES TO SEE IF IT HOLDS ON INSIDE THE CHANNEL. LEAVE YOUR COMMENT!!