GBP/NZD LONG FROM SUPPORT
Hello,Friends!
Previous week’s red candle means that for us the GBP/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 2.080.
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GBPNZD
Buy GBPNZD Bullish PennantThe GBP/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish pennant pattern. This pattern often suggests a continuation of an uptrend, potentially leading to further advances in the coming minutes or hours.
Key Point s:
Recent Price Action: The recent price action shows the price holding above the support line of the pennant, indicating continued bullish momentum.
Buy Entry: Consider entering a long position around the current price of 2.0740, positioned near the support line of the pennant. This offers an entry point close to potential buying pressure.
Target Levels: Initial bullish targets lie at the following levels:
2.0900: This represents the height of the pennant, measured from the top to the bottom of the pennant, projected upwards from the breakout point.
2.1000: This is achieved by adding the height of the pennant to the breakout point (which coincides with the support line in this case). These targets act as potential resistance zones that could see buying pressure.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the pennant, ideally around 2.0660. This helps limit potential losses if the price breaks down and invalidates the bullish pattern.
Thank you
GBPNZD - 4hrs ( intraDay Buy Trade Target Range 120 : 360 ) 💵Pair Name GBP/NZD
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🔗 Key Technical / Direction ( Long ) Mid Term
Type : Mid Term Swing
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Bullish Break
1.08200
Reasons
- Liquidity Zone
- Fixed poc break
- Month High
- Channel Break Out
- Fixed De value
Bearish Reversal
2.10000 Area
Bearish Reversal
2.1200 Area
Reasons
- Major Turn level
- visible range Hvn
- Pattern Target
- Major Quarter's High
- Fibo Golden
GBP/NZD Long & Short Scenarios Explained In This Video !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPNZD Will Fall! Sell!
Take a look at our analysis for GBPNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2.070.
The above observations make me that the market will inevitably achieve 2.056 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPNZD: Pullback From Key Level 🇬🇧🇳🇿
GBPNZD formed a cute double top formation after a test of a key horizontal resistance
on a 4H time frame.
Because the pair is quite overbought, we may see a retracement from the underlined blue area.
Goals: 2.068 / 2.061
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GBPNZD I It will decline from channel resistanceWelcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPJPY - GJ 1hrPull back! SELL Now !
80+ pips on GJ
GBPJPY has made a clean red candle below the support. Now that GJ has retested support and rejected it with a nice red candle we can take sell entries. Watch as GJ is near the weekly resistance . This zone has also been confirmed, so we can see a rejection to test previous support areas
tp 1: 4hr and daily support
tp 2: 3.82 fib
tp 3: D1 support, if GJ breaks below this area look to continue selling
*stop loss can be increased. please use proper risk to reward
GBP/NZD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
GBP-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.051 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/NZD pair.
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GBPNZD Expected Growth! BUY!
My dear subscribers,
This is my opinion on the GBPNZD next move:
The instrument tests an important psychological level 2.0435
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.0572
My Stop Loss - 2.0366
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
Sell GBPNZD Bearish ChannelThe GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Bearish Channel: The price has been trading within a descending channel characterized by two falling lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure.
Sell Entry: Consider entering a short position around the current price of 2.0420, positioned close to the channel resistance. This offers an entry point near a potential reversal zone.
Target Levels: Initial bearish targets lie at the support levels of 2.0335 and 2.0285, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 2.0480 This helps limit potential losses if the trend unexpectedly reverses.
GBPNZD - 4hrs ( Sell Trade Target Range 180 PIP ) 💵Pair Name GBP/NZD
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short ) Mid Term
Type : Mid Term Swing
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Bearish / Break
2.05200 Area
Reasons
- major Turn level / M
- Choch Low
- Fixed Poc Area
- Fibo Golden Zone
- M + D low
Bullish
2.03600 Area
reasons
- Major Turn level / D
- Fixed Range Value Area
- Pattern Target
- Fibo Golden Zone
- Quarter's low Area
GBP/NZD: Analyzing Momentum Shifts Amid Central Bank DynamicsThe GBP/NZD pair has lost momentum for a possible rebound, regardless of Bank of England Governor Andrew Bailey's tempered remarks regarding the pace of interest rate hikes, despite presiding over a divided decision. This shift in sentiment has prompted a breakdown in price support around the 2.0500 area, followed by a subsequent retest and further bearish momentum. The price remains firmly below the 50-day moving average, signaling a strong inclination towards further downside movement.
While both the Bank of England (BOE) and the Reserve Bank of New Zealand (RBNZ) have embarked on a tightening path, the impact on the sterling has been somewhat subdued. Expectations from both central banks now appear to be more evenly balanced.
In light of these developments, we anticipate a continuation of bearish sentiment in the GBP/NZD pair, focusing on utilizing price action signals to guide our trading strategy.
GBPNZD Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for GBPNZD below:
The instrument tests an important psychological level 2.0554
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.0599
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPNZD: Long Signal with Entry/SL/TP
GBPNZD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GBPNZD
Entry - 2.0554
Stop - 2.0495
Take - 2.0670
Our Risk - 1%
Start protection of your profits from lower levels
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