4H CHART EXPLANATION: At this moment price is facing the Confluence Zone between the Resistance Zone and the top of the Ascending Channel. Due to this, we expect a corrective movement here towards the Bottom of the Channel. DAILY CHART:
Price is above 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 = 1.9845 Stop = 1.9825 Risk = 20 pips Profit target = 2.0044 ( The projected daily high ) Reward = +199 Pips RRR = 10 - 1 2nd Entry = 1.9977 Stop = 1.9947 Risk = 30 pips Profit...
Short GBPNZD @ 1.98820; TP @ 1.94843. SL your choice
Price is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. BO Entry = 1.9643 Stop = 1.9618 Risk = 25 pips Profit target = 1.9741 (The projected daily High) Reward = + 98 Pips RRR = 3.92 - 1 I would appreciate if you leave a comment or like as a thank you! Have a great week ! Allen Thank you for...
Keeping an eye on GBPNZD for a long term short trade. Interactions with trendline and resistance level. Keep it simple.
GBP has been on a tear lately. I'm going to assume bulls stepped up to the plate after all time low was tested a couple weeks ago. Whatever the reason, doesn't really matter.... Typically, any currency that runs on a really strong trend ends up reversing and finds itself on the opposite side of the spectrum. That being said, no one can say how long the trend...
The price moves in the borders of the triangle. The breakout from this pattern will give a trading opportunity. If we look at the daily timeframe, the market looks more bearish. Also, the breakout below the uptrend line tells us about a possible trend reversal. Based on these signals, I would like to expect a downward movement. For an additional confirmation...
After analysis i can say we will haveve much more bigger DOWN trend. NZD is gain power from last trade deal talk this weak, nd from AUD rate cut, NZD is today the strongest currency and i believe we will see much more biger down trend here. GBP is keep self high all this week but today is start to lose power. TP1: 1.89910 ENTRY: 1.91160+- SL: 1.91530 Chart time...
Pattern: 1M Triangle. Signal: Bearish once the Lower High is made. Target: 1.86000.
Timeframe: Day Resistance at 1.9380 area and strong resistance at 1.9490-1.9500 area. Trust the art in the chart
Mirror image on the GBPNZD waiting for pull-back then looking for an entry reason to go long... lets see how this ones plays out.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
While NZD has been on a decline for couple of weeks, GBP on the other hand is strengthening. However, in the last couple of days, the GBP has been struggling to the momentum - creating lower-high. From H4, a break below 1.91958 could possibly indicate the pair will test the rising trendline or the next support at 1.90264. PLAN YOUR TRADES AND TRADE YOUR PLANS
4H CHART EXPLANATION: Price has now reached the Resistance Zone, showing some MACD Bearish Divergence between the last two impulsive waves. So, we expect a downside move towards the Support Zone, and the a possible retest of the Top. You can check on Related Ideas how we predicted all the upside move. DAILY CHART:
60% of position closed at +60 pips stop loss trailed to entry on the remaining 40% trade now risk free with 60% secured