⚠️ A countertrend CTT) trade is a trade that is made against the prevailing trend. This means that the trader is betting that the trend will reverse and that the price will move in the opposite direction of the BIG PICTURE Curve Analysis. Countertrend trading can be a very profitable strategy, but it is also more risky than trend following. -SL @ 2.1800 🚫 SLO2 @...
After price broke structure to the upside on higher timeframe, it retraced and formed liquidity above a demand zone that was left behind during the reversal. Price could now utilize the liquidity to fuel its move to the upside to target the weak high that's filled with liquidity
GBPNZD closed a strong 1D green candle yesterday, the first of this magnitude after almost one month. The 1D timeframe remains bearish technically (RSI = 39.063, MACD = -0.018, ADX = 72.262) so the trend is still bearish but as the 1D MACD is close to a Bullish Cross, and the 1D MA200 is holding, we can take a counter trend buy and target the R1 level (TP =...
As we can see GBPNZD has rejected support having broken through the long term ascending channel. According to my chart we've not retested the channel yet (obvs this isn't always the case, but I would have expected it as it was a long term bullish trend), so I'm thinking it will. As this is a retracement trade i'll be looking to TP before my resistance block just...
Still on the downside for shorts...watching on the h1. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift...
A reversal in GBPNZD is expected as a Butterfly Harmonic pattern is expected to play out at a resistance Level.
The GBPNZD pair is on a massive 6-week sell-off that has broken below June's and July's Low. The 1W RSI turned bearish below 45.00 and the next line of Support is the 1D MA50 (blue trend-line). In the past 5 years, every sharp sell-off on GBPNZD has been at least -9%. A potential new such decline gives us a target estimate just below Support 1 (1.97550). That is...
GBPNZD experienced a substantial drop, recently reaching levels below the previous lows. There's a possibility it could recover, aiming for at least the last high.
The price is approaching the rising channel line, and at the same time, the Fibonacci 23.6% level intersects with the channel line. On the H1 and H4 charts, the 21-period RSI is in the overbought zone. There is a high probability of the price encountering resistance to the upside from the intersection of the channel bottom and the Fibonacci 23.6%. This is...
Buy GBPNZD wedge Breakout in H1 Chart Price breaks the wedge Pattern Now, its Good chance to Buy now Thank you..
GN super simple and easy make up here, we are looking for the SWL to be taken out from our open moves, i think we will see this low taken within our Monday session now if we don't take this out it wouldn't be a surprised to run our highs above, now i say this because of the size of the range and the lower level of momentum, but still we have a clear lower range...
Probability of the next move of the pound to the New Zealand dollar
In the next few years, we will see the pound grow against the New Zealand dollar
Another move giving us a bias due to news, now of course we are already looking at this with a sell side in mind now we have a range we are looking to get a tap in to follow said direction. We have a refined 3 min POI for this swing so as we said about USDJPY we are going to follow but with a more refined and less exposed entry method. high levels of liquid...
The GBPNZD pair has been trading within a Channel Up pattern since the start of the year and 10 days ago started its technical correction after the new Higher High. The price hit the middle of the pattern and as the 1D RSI touched its Higher Lows trend-line, the conditions for the new buy emerge again. We are placing the first buy of this sequence now and if the...
Good day, traders. Today, we're going to examine the GBPNZD. I'm waiting for a pullback to the 2.1505 zone to activate my sell order. First TP in zone 2.1400, second TP in zone 2.1244. Bearish confirmation is required at the entry point; else, do not enter.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPNZD has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline. Moreover, the zone 2.16 is a strong resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is...
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