Here we have an opportunity to sell GBPNZD after it reversed off the .382 fib retracement and formed a head and shoulders pattern, which has been confirmed with a bearish break of the neckline. At the current moment, you should wait for a better opportunity for entry as price is sitting on both a horizontal support (highlighted in green) and a ascending support...
SUPPORT BO + TRENDLINE BO + BEARISH POPGUN PATTERN
I will be looking to go long on this pair on Monday/Tuesday if the 1hr CTL is broken. The long will be invalidated if the previous daily lows are taken out Target 1: previous daily high Target 2: 0.27 fib extension
DACAPITALTRADING V2.0: WELCOME TO DACAPITAL TRADING, WE PROVIDE ANY KIND OF TECHNICAL AND FUNDAMENTAL ANALYSIS FOR FOREX AND CRYPTO-CURRENCY MARKETS EVERY DAY! - 1 HOUR Bearish break below previous support level. 4 HOUR Bullish waving market structure with several pullbacks. DAILY Strong bearish market last couple of days need a pullback to the...
Trading suggestion: . There is a possibility of temporary retracement to resistance line (1.9635). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. . Price is below WEMA21, if price rises more, this line can act as dynamic...
Trading suggestion: . There is a possibility of temporary retracement to resistance line (1.9635). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. . Price is below WEMA21, if price rises more, this line can act as dynamic...
Hi Traders, The GBPNZD daily chart above revealed that the sell-off from the high at 2.0476 to the low at 1.8132 was an Elliot wave impulse structure, labelled 1-2-3-4-5. According to the theory, a three-wave correction in the opposite direction follows every impulse. . The retracement after the impulse unfolded as a W-X-Y double three corrective structure with a...
Hello all Following the NZD news last night, my position was taken out at 50% of retrace as I moved my stop forwards to reduce my risk. I then shorted GBP against NZD overnight and am now looking to do this again. Once I get a bearish engulfing on the 1 hour chart I will look to enter. Price could go higher to the dynamic resistance line (heading north east...
we have more than reason for short this pair form short levels targets are clear on chart . stop lose = first target or less than it . we must be careful about risk management because we are on daily chart > This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior ,...
GBPNZD has formed a head and shoulders reversal pattern with a broken neckline to confirm the counter trend trade. I expect the pair to continue down to at least the .382 retracement level, if not further to the .5 retracement level.
Price is above the Daily, 60 and 15 KS as well as the cloud. This is a Post News trade with a High probability and good RRR. 2 Potential entries 1st Entry = 1.9592 Stop = 1.9572 Risk = 20 pips Profit target = 1.9672 Reward = 80 Pips RRR = 4-1 2nd Entry = 1.9630 Stop = 1.9610 Risk = 20 pips Profit target = 1.9710 Reward = 80 Pips RRR = 4-1
read the charts we may go long since the pound is getting weaker watch for a breakout to go long
this pair should have a good position for a Big Sell ,plz wait for break trend line...
Expect a buy for GBPNZD for a buy. There is good support for it now to go long. TP: 1.941+
For Long on GBPNZD I would like to see a 4hr reversal pattern to form on the Trendline and 1.93200, Targets for me will be around 1.95150. If that doesn't play out I will look for a break and retest on the trend line & 1.93200. Targets on this one will be 1.9060
If we can Get a large candle to break the green highlighted zone with a retest we can expect it to fill the wick in which buyers have been trapped in. Confirmations for trade: Large candle breaking zone Retest with candlestick confirmation(rejection/reversal pattern)
Potential Up move in GBPNZD. Trade with care