Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
Stop loss and targets are mentioned on graph.
Volatility looks good. Volume looks good. Wave/Triangle counts seem legit. Candlestick patterns have bullish sentiment. Good spot for a long position? I think so. ~300 pips to my forecasted 'Wave 5' target, which lands right on a low volume node. Stop loss around 1.92838. Take profit area shown on chart.
IM WAITING FOR THE ENDING OF BULLISH CYCLE TO PUT A BIG SELL IN THE MARKED SPOT
GBPNZD bounced off its support at 1.9291(100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support) where price is expected to bounce up to its resistance at 1.9527 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55, 5, 3) is testing its support where a corresponding bounce is expected. Trading CFDs on margin...
GBPNZD is approaching our first support at 1.9289 (horizontal pullback support, 61.8%, fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.9486 (horizontal swing high resistance, 76.4% Fibonacci retracement). Stochastic (89,5,3) is also approaching our support where we might see...
GBPNZD is approaching our first support at 1.9333 (horizontal swing low support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 1.9568 (100% Fibonacci extension). Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs...
GBP/NZD has shown a breakout at 200-DMA, raising scope for further upside. The pair has broken major trendline resistance at 1.9125, bias bullish. Technical studies support upside. Next major bull target lies at 1.9426 (Jan 25 high) ahead of 61.8% Fib at 1.9574. We see weakness on retrace and close below 200-DMA. Support levels - 1.9250 (200-DMA), 1.9167...
GBPNZD is approaching our first resistance at 1.9511(100%Fibonacci extension, 61.8 Fibonacci retracement% , horizontal swing high resistance) where we might see a drop in price to our first support at 1.9297 (horizontal pullback support, 61.8% Fibonacci extension , 23.6% & 38.2%Fibonacci retracement ). Stochastic (55,5,3) is also approaching resistance and we...
GBP Uncertainty - Money flows to out the UK - Brexit deadline approaching, and Labour party looking for a second referendum - Investors see the GBP ask a risk currency in uncertain times. Smart money investors look to sell the GBP at the overpriced exchange rate. - GBP Quant scores showing a reading of -14, shifting from the previous -4. NZD Strength - IMF's...
GBP WEAKNESS & UNCERTAINTY? - With Brexit deadline approaching, and socialist Labour party calling for a 2nd referendum - Investors will be wary of their GBP holdings. Descaling positions on the pound will be a likely event in coming future, so an earlier shorting opportunity may be present here. - GBP Quant scores showing a reading of -14, shifting from the...
This tremendously shows a strong side towards a long for GBPNZD. I massive buy to profit from.
A big wick and enough resistance on the Fibonacci Retracement, are inductions for a sell.
It's moving against the resistance of the channel now and on the lower time frame it is moving in what looks te become a wedge. Also below that resistance on the left as well, so a good R/R play here. The rest of the things you can see on the right, was an educational post i showed in my channel, where i showed what a likely start of a trend change on that time...
Apply SL and TP accordingly, pay attention to fundamentals...
I think the abcd pattern is already start to work. also we can see a double bottom (maybe we can call eve&adam) I will enter the position after the closing on the neck; and will try to get both double bottom and abcd targets.
WELCOME TO DACAPITAL-TRADING! GBPNZD FOREX BREAKDOWN 19 FEBRUARY 2019 1 HOUR Bullish movement and pullback towards our entry 4 HOUR Bearish waving market with a strong pullbacks now! DAILY Bearish Market with good short entrys now! LEVELS SELL GBPNZD ENTRY @ 1.89480 SL @ 1.91310 (190 Pips) TP @ 1.87300 (220 Pips) RR: 1.15, use 1/2 risk! IF YOU HAVE...