Hi all, I believe that GBPNZD will fall in price as we have a great setup and we have been pretty bearish for this pair! Have fun all!
SUPPORT BREAKOUT + TRENDLINES BREAKOUT = HIGH FAIL PROBABILITY TO THE NEXT SUPPORT
ENTER TRADE WITH PROPER CONFIRMATIONS TRADE IDEA ONLY
4H CHART EXPLANATION: Price is on a clear downtrend making a corrective structure. We expect this movement to reach the Support Zone. MULTI TIMEFRAME ANALYSIS: Daily: Weekly:
We have a nice down move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR. Entry = 1.9305 Stop = 1.9325 Risk = 20 pips Profit target = 1.9221 Reward = + 84 Pips RRR = 4-1 **Once this trade is up + 25 pips, move your stop to breakeven and let it run
Hi All , Opened a sell on this pair . SL , TP1 and Entry marked on chart . As this is a high risk trade due to the news data later on tonight from NZD . SL to entry MANDATORY !!. Many Thanks.
You can see price hit a 4H high and has dropped so we are expecting 70 pips of bearish movement before the next support area. We are placing SL just above these highs. GBP has been eating steroids today and needs a break or a pullback so Jump on it quickly. Your welcome.
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.
Check my chart> check my status, Kindly follow back and comment. thanks
SUPPORT BREAKOUT + PRICE STRUGGLING UNDER TREND LINE + MOST TRADER ARE BUYING GBP = GREAT SELL OPPORTUNITY
- Price has been supported for a trendline since last December -Broke out to the down side - Now retesting - Pin bar in the H4 rejecting area of resistance (there's also a candle in the daily chart rejecting this area) - Waiting for confirmation (e.g. bearish engulfing candle) - Posible target to previous area of buyers What do you think?
Price is approaching our first support (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce to our major resistance (38.2% Fibonacci retracement) might occur. Stochastic is also approaching support as well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure...
Using three EMAs 400, 1200, 1600, price has crossed through and back over both 1200 and 1600 EMAs. Could wait for price to go below the 400EMA for added confirmation. To trail SL