Lining up on the weeklys and monthly closures we see this pair potentially getting ready for downward continuation. 130.000 could still be tested to release selling pressure but overall i am looking at shorts.
Market had a big upswing last week and reached a strong resistance daily level.. market stayed at resistance and already formed double top on H1,,, Whats next? 1-Either you can wait for pattern to break down and give us any entry reason on H1 2-as we already had double top on H1 so we can enter the trade now... Targets : First target is always 1:1 After that you...
gbp nzd is in resistance zone sales area 0.47% where we can do a sales operations 0.47% forming CYPHER pattern
10 month of consolidation, I'm leaning that this ascending triangle will breakout hard in time, euronzd did already. Looking to buy the retrace. Goodluck
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
Hi guys, New idea regarding this pair. Best, Jesse
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 forming patterns BAT signal buy great
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
we have a bullish engulfing (w) + double top (D) + wedge (H4)
GBPNZD Possible Sell Setup Waiting for a close below the support zone. Details on the chart. Happy Trading!
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.
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.
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
Looks like we could be heading back down on GBP/NZD