Hey Guys, this is my View for GBP/NZD so far. This Pair finished a Harmonic Pattern, reversed from a strong daily Zone and broke a daily descending Trendline. Now this Pair is moving within a 4H ascending Channel. I'll wait for a breakout to the upside to enter my long Position. My TP is the 61,8% Fibonacci Level. Trade safe, Daniel Likes and Comments are...
I bought this Pair after the Breakout earlier this Day. GBP/NZD tested the support zone at 1.798-1.803 and went back up again. After the breakout i entered my long Position and now i placed my stops to entry so this is a risk free Trade right now. My Target is the last pivot high and the other Target is at the upper Trendline. Trade safe, Daniel Likes and comments...
Price action has leveled off and showing signs of bullish direction. Probobly rate cut coming up tonight could skyrocket this pair!@# Also this pair has finished correcting and ready for another leg up!
broken corrective trend line indicates price actions to .618 retracement
1) Double top formed @ Daily resistance @ 109523 zone 2) Downside shifts in MA's 3) Previous/ most recent daily candle closed below resistance level @ 1.84228 zone, if zone holds + next daily candle close below zone will warrant further shorts. 4) Target 1 @ 1.80041 5) Target 2 @ 1.76786 = Daily support zone giving extra confluence
GBP/NZD showing nice Elliot Wave Confluence Price action showing direction to previous resistance/support level Currently short, but watching candles closely break my support zone to ride leg 5. ABC Retracement to follow soon after...
Price action has finished correcting. Seeing the pair hit the 1.272 fibo extension
GBP/NZD just broke a major bearish trend line Price action showing bullish momentum Trend Continuation Trade As of now on the 15 min chart, GBP/NZD is correcting; Looking to enter at 23.60% Fib
So what I see is AB=CD, divergence, reached 61% fibo, 5th wave and top of channel.
Hello Traders, I am a bit late to this one. However, GBPNZD broke across and closed across the 2-4 line. I'd open a short confidently at this stage and look for the 1-4 line as an exit. Best, Chartistry
Break of 23.60% indicates downwards direction Watch 2.1050 psychological level to see if structure holds If it doesn't I have my targets placed at 38.2% 50.0%