GBPNZD H4 | Rising into overhead resistance?GBP/NZD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 2.05730 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 2.07000 which is a level that sits above a pullback resistance level.
Take profit is at 2.02931 which is a pullback support level.
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GBPNZD
GBPNZD Long Term Selling Trading IdeaHello Traders
In This Chart GBPNZD HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes_ (GBPNZD market update)
🟢What is The Next Opportunity on CHFJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
GBPNZD: Curve Analysis (8D) — CTT⚠️ A countertrend CTT) trade is a trade that is made against the prevailing trend. This means that the trader is betting that the trend will reverse and that the price will move in the opposite direction of the BIG PICTURE Curve Analysis. Countertrend trading can be a very profitable strategy, but it is also more risky than trend following.
-SL @ 2.1800 🚫
SLO2 @ 2.1550 ⏳
SLO1 @ 2.1050 ⏳
TP1 @ 2.0100 (shaving 25%)
TP2 @ 1.9300 (shaving 25%)
TP3 @ 1.8715 (shaving 25%)
TP4 @ 1.7800 (closing ALL Sell Orders)
BLO @ 1.7585 ⏳
Let's try this AGAIN, now that momentum is indicating price action is in overbought territory. That's great news for shorting this pair.
GBPNZD H4 | Potential bearish reversalGBP/NZD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 2.05730 which is a pullback resistance level.
Stop loss is at 2.07500 which is a level that sits above the 38.2% Fibonacci retracement level.
Take profit is at 2.02737 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money..
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBPNZD 9/10/23British pound to the New Zealand dollar showing us a consistent swing move to the downside which has played out around 4 to five times already before we got to the point we're at now we now have another clean push to the downside with a clear POI and a swing high to match we're now waiting for the formation of our swing low once this is formed we will have a valid range to look for short moves but as we stated at the beginning we have played out swing lows around five times now which means that we are building a significant amount of liquidity to the upside meaning the more we play lower the more likely an expansion to the upside could occur for either a short term or an overall longer term shift.
GBPNZD Long Term Buying Trading IdeaHello Traders
In This Chart GBPNZD HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes_ (GBPNZD market update)
🟢What is The Next Opportunity on CHFJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
GBPNZD Trade will Bullish or bearish ?GBPNZD Trade
#Forex #GBPNZD #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve #NASDAQ #USTECH
Hey traders! 👋 Let's dive into a potential trading opportunity on the GBPNZD pair using technical analysis. 📊
GBPNZD was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 2.04 region.
Will the bulls take charge again continue for leg higher?
📉 Previously Bearish Trend:
Firstly, on the 1H- timeframe, we've been witnessing a Bearish trend in the GBPNZD pair. 🐻
🔄 Divergence on LL(Lower Low’s):
However, it's crucial to note that recently, we have started to observe a no divergence pattern on the LL (Lower Low’s). This is an important signal that the Bearish momentum might be weakening. 📉🔄
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bullish bias.
📈 Entry Price: 2.04643
🎯 Stop Loss Level: 2.04000
🚀TP1: 2.05373
🚀TP2: 2.06041
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
GBPNZDGBPNZD was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 2.04 region.
Will the bulls take charge again continue for leg higher?
GBPNZD: Counter trend buy. Only short term.GBPNZD closed a strong 1D green candle yesterday, the first of this magnitude after almost one month. The 1D timeframe remains bearish technically (RSI = 39.063, MACD = -0.018, ADX = 72.262) so the trend is still bearish but as the 1D MACD is close to a Bullish Cross, and the 1D MA200 is holding, we can take a counter trend buy and target the R1 level (TP = 2.092225), and the 1D MA50, even though if it follows the stardard format of previous rises, it can go as high as 2.13000.
Prior idea:
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GBPNZD: Retest of the ascending channel?As we can see GBPNZD has rejected support having broken through the long term ascending channel.
According to my chart we've not retested the channel yet (obvs this isn't always the case, but I would have expected it as it was a long term bullish trend), so I'm thinking it will.
As this is a retracement trade i'll be looking to TP before my resistance block just in case, but I'm thinking this will move higher before a drop down to at least current levels.
This also hedges against my planned GBPAUD trade in an earlier idea.
Gbpnzd,pretty dead...still bias to downsideStill on the downside for shorts...watching on the h1.
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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GBPNZD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a strong bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement in order to fill the imbalance higher and then to reject from bearish order block.
Fundamental analysis: Upcoming week on Wednesday we have important news on NZD, Cash Rate will be released. A positive result will support our analysis.
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