GBP/NZD - possible Breakout downside HERES my analysis on GBP/NZD in regards to the News events for GBP tomorrow at 7am IM LOOKING FOR entry closer to the event
Gbp-nzd
GBPNZD Short Setting up a short stop order for this pair to server as a hedge to my GBPJPY trade, with TP @1.92248 and SL @1.93088.
Daily:
Weekly:
Confidence: B (less risky than my GBPJPY buy because this doesn't go against the overall sentiment in COT as well as bearish trend in GBP, but still risky because of USD news later)
GBP/NZD SELL 3H CHART Here MACD has overlapped, and Parabolic SAR has suggested a new trend also support been broken so GBP/NZD will go down so,therefore, sell now
GBPNZD Possible Sell SetupGBPNZD Possible Sell Setup
Waiting for a close below the support zone.
Details on the chart.
Happy Trading!
GBP/NZD: Conditional buy order (34 pips) check it out!Hey guys,
I hope you had a wonderful weekend!
Back this Monday with a new idea: GBP/NZD. Please check the trading plan and leave a comment and/or a like.
Do not hesitate to check my previous ideas!
Have a good day.
Trade with care.
Long term Rectangle on 1W. Sell on short term.GBPNZD is trading within a 1W Rectangle (RSI = 50.962, CCI = 5.9779, Highs/Lows = 0). As seen on the chart, even if it makes a run towards 1.96245, there are more bias towards the 1.89307 profit taking line. Our short's TP = 1.89600.
GBP NZD potential SHort Market has reversed from a nice resistance level and made a cypher pattern
now we can enter in this trade with risk reward of 1:1
GBPNZD Bullish BatBullish Bat Formation on Higher TF.
Looking to go Long upon completion of this Bat pattern.
Bat Pattern = 50.0 B Point
XA: 50.0 Fib (B)
AB: 38.2 - 88.6 Fib (C)
XA: 88.6 (D)
ABA:161.8
88.6 Fib completion confluence with 1.775 Quarter Point.
SL & TP Given on the chart.
Goodluck
GBPNZD IS A BIG SELLGBPNZD is a BIG sell due to news on the MPC Official Bank Rate Votes, Monetary Policy Summary, and Official Bank Rate today at 7AM EST.
Price and Lagging Line will soon pass beneath the cloud.
TP1: 1.9100
TP2: <1.9100
GBP/NZD short opportunity Technical Analysis: Bias Bearish
- The pair remains capped below 200-DMA, recovery failed to break above
- Momentum indicators bearish
- RSI below 50 levels, biased lower
- MACD well below zero levels and -ve DMI dominance
Fundamental Factors:
Sterling stumbles on lower inflation. UK inflation came out at 2.4%, below 2.5% that had been expected.
GBP undermined by speculation about a tougher Brexit coming after Tuesday's outcome of the Commons' vote over the Brexit bill.
Support levels - 1.8883 (38.2% Fib), 1.8785 (Nov 9 low), 1.8615 (Jan 12 low)
Resistance levels - 1.90, 1.9043 (5-DMA), 1.9095 (200-DMA)
Good to go short around 1.8950/60, SL: 0.91, TP: 1.8885/ 1.8785/ 1.8615
Short GBP/NZDAnother nice set up , Again DYOR and don't use money you cant afford to lose. Open a demo account and blow it all on this one trade.
GBPNZD Neutral Bias SetupsGBPNZD 0.08% Price tried to break out of the bearish major TL but failed, looking for another 4 hour close below the TL & 61.8% fib ideally with a bearish engulfing or bearish spinning top to go short.
To go long I need a 4 hour break of this candle with continued bullish momentum or a clean retest and rejection of the broken downward TL sending it back up to re-test the weekly PRZ and possibly 38.2% fib at 1.93200 level with the double bottom formation
Where GBPNZD may find support.GBPNZD may find support around 1.80 as well as 1.90. I will be looking for bull candles on the daily time frame. If I get a bull candle, then I will move to the 1H and place buy limit orders at previous market levels.
Where I plan on shorting GBPNZDIf price moves up to 2.03 area, then I will be looking for bear candles on the daily time frame. If I get bear candles, then I will move to the 1H and place sell limit orders at previous market levels.
