I noticed a bear flag pattern on the GBP/NZD currency pair, coupled with a head and shoulders pattern. Both scenarios should be reason enough to look for potential shorting opportunities on this currency pair
check my chart trend continuation. broken support and retested, Going down to hit the trendline on daily.
GBP/NZD has broken manged to spike 300 pips off of a 3rd touch on the uptrend. It has spiked right into a down trend which we could look for shorts. It will more than likely pull back to the Downtrend that was once broken and retest on the back end of it. If it fails to do so we could target our uptrend. In which we could look for longs if price does show signs of...
Our GBPNZD trade is doing well +400 pips and we are staying short for another +400 pips Brexit uncertainties Strong NZD Figures out recently , and all indicating factors are pointing south here
GBPNZD is approaching our first resistance at 1.9272 (horizontal pullback resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.9087 (horizontal pullback support, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a...
Our GBPNZD short call is doing well as you see in this chart the GBPNZD is still trading inline within our trend lines and FIB levels we will stay short for another 200 pip min and using our FIB levels as SL and TPs have a great Trading Week
Trade not entered yet! but if this candlestick stays like this then I will be entering! yes on the NZD side it is risky but worth it in the end still so many more lessons to learning on candlesticks and wicks
GBP - Brexit delay released some uncertainty for a deal in the UK and to organize the legal structure of companies - FOMC meetings in the US showed they are not going to raise rates causing investors to choose alternative securities to get better returns on investment - Daily/ 4HR support in sight, signs of buying already at hand. - STRONG fundamental scores in...
GBP NZD , is fast moving pair , get it right and you win big , get it wrong and you will be stopped before you finish your coffee As long as the strong trendline around 19400 holds we may see a drop of +300 pips it dropped +120 today and has retraced 50% or so Stay short
caught this one from a fake out and entered short, price seems to be respecting the downward trendline, TP set at channel support & previous area of interest.
Personally I think you can see where it tried to sell but the buyers pushed back and now I think this could be something of a uptrend
GBPNZD is approaching its resistance at 1.6608 (61.8%Fibonacci extension, horizontal pullback resistance, 61.8% Fibonacci retracement ) where it is expected to reverse down to its support at 1.6552 ( 23.6% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance where a corresponding reversal is expected. Trading CFDs on margin carries high...
4H- TL retested/ 38.20% fib 30m- entry after the consolidation broken/ retested
This is a much longer term outlook on GBPNZD. As you can see on a DAILY time frame, price has been respecting the channel but in the past few weeks has been trying to breakout to the downside. Looking at things from a technical perspective, I see the downside pressure winning this tug of war and taking price to the 1.7500 region. Although, when you factor in...
WELCOME TO DACAPITAL-TRADING! GBPNZD FOREX BREAKDOWN 12 MAR 2019 1 HOUR Strong pullback towards our range resistance 4 HOUR Price could hold below our resistance and sl level DAILY Bearish market with pullbacks, good entrys now! LEVELS SELL GBPNZD ENTRY @ 1.93060 SL @ 1.94500 (145 Pips) TP @ 1.91400 (165 Pips) RR: 1.15, use half of normal risk! IF...
GBPNZD is approaching our first resistance at 1.9421 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.1332 (61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a drop in price....
The pair is trading within a 1D Channel Up (RSI = 52.233, MACD = 0.004, Highs/Lows = 0.0000). The candle sequence is repetitive inside the pattern and that allows us to make the estimate that the price will rebound on that (inner) Higher Low (maybe a near double bottom) towards a new Higher High. TP1 = 1.9600, TP2 = 1.9800. ** If you like our free content...