GBPNZD Ascending channel. Possible ABCD pattern, trading with monthly trend. At trend line support. More analysis on this soon.
2 target for you guys. if still move up can reach 3'rd target. no other than wait and see.
I expect price to close above the moving average for he month of September. I'll be looking for bull signals on the daily time frame. Entries will have a stop loss but no take profit targets. Trades will be closed when monthly candle finishes painting.
Price is testing the top one more time. Watch the top for bearish price action to sell. Good potential is there.
gbpnzd selll tp 130 pips sl maxx 30 pips bo 2 trendline retest trendline become downtrend
Great looking zone. Entering a short position and will add/reduce to it as price action dictates> However a bullish breakout is certainly possible so i'll hedge my position my buy stops about 70 pips above the zone for protection. Lets go
simple and effective!
I have just entered short on the GBP/NZD pair, as price seems to be consolidating inside of a pennant. Price is bouncing off of the 200 MA on both the 4 four and daily chart where the 200 MA's meet. Daily stochastic indicates bearish movement and despite positive retail numbers, the GBP continues to go down.
The price bounces from Tenkan line of Ichimoku indicator. DMI confirms strong downward movement. It’s a sell opportunity. Pending orders should be placed below the local swing low - it’s 1.75850 level. Stop orders must be placed above the local swing high - it’s 1.77030 level. Profit target is at 1.74330 support level.
Short from key level on both Daily and H4 chart. Double Top formation - possibly another entry upon break and close below neckline. Goodluck
The GBPNZD has been trading in a well defined range and has once again found resistance at the range top. This clears the way for potential short positions down to the range bottom and target highlighted on the chart.
GBPNZD has formed a bearish engulfing candle on the daily time-frame. RSI divergence shows the price is ready to move down quickly. Slight Bollinger Band outbreak. Price appears to still be in consolidation on the daily time-frame, however, after looking at the weekly time-frame this trade setup is further confirmed. A significant bearish engulfing candle formed...
Looking for a better price on touch on the rising trend line, however would be willing to go long if we see a break up above congestion without a retest of the trend line. Hoping to see gap from Brexit filled.
Would prefer a better price - ideally on touch of the raising trend line, however this may take off before we get a retest. I would go long if we get a long break above recent congestion. Looking to fill the Brexit gap.
This is another perfect opportunity. My TP on this pair was hit right before it came crashing down. Going to look for another long right here.
Potential "Ugly Double Bottom" setup i will be watching for on GBPNZD. Trend has developed on the daily chart, respecting the year long trend support line at the bottom. Rules to the pattern suggest waiting to enter long once price has broken the middle structure and then retested. Price could continue past the previous structure high, however i will look to take...