GBPNZD At the moment, I think it will be too soon for me to say there would be a reversal or a continuation, however a breakout on either side is what I'd love to see before taking a position.
A break above the and its retest, 2.04919 I will go long
A break below the and its retest, 2.04036 I will go short. Until then, fingers crossed
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
GBPNZD
✅GBP_NZD LONG FROM SUPPORT🚀
✅GBP_NZD is about to retest a key structure level of 2.035
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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gbpnzd buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPNZD Swing tradeBullish run at GBPNZD already stop after strong channel up break at Sept 13.
2.0500 as previous support also as fibonacci .382 still hold bearish movement. But if this support break,
next bearish target at .618 fibonacci support at 1.9877 with 623 pips target.
We can aim for bigger target at 2023 low at 1.8848 with 1661 pips profit projection.
This is long term trade, so I will update more bearish movement at 1 hour timeframe for intraday setup.
Happy trading
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 Analysis. swing trade signal!!!Hello everyone, i want share my trade idea about GBPNZD.
Picture is simple, after strong uptrend we see some downside movement which is not pretty strong, its looks like correction, trend is going up at higher timeframe and came back for retest daily support.
For my entry point i used my Fibonacci tool which showed me good points of entry and first point of entry is at daily support.
At marked point it showed me some strong candle confirmation but it came down, but with my strategy the picture gave me long entry point.
Here is my setup.
Open position - 2.094
Stop loss - 2.07
Take profit N/A ( if i will be right i will follow with trail stop loss)
Gud luck everyone!! manage your risk!!!
GBPNZD: Long Trade with Entry/SL/TP
GBPNZD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPNZD
Entry Point - 2.0742
Stop Loss - 2.0597
Take Profit - 2.1056
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GBPNZD: Selling into confluence of supportsWe can see that GBPNZD has broken below the mid-point of the rising channel.
Looking for sells going into the BoE rate decision this week, with NZD generally strengthening and GBP generally weakening.
Depending on what happens on Thursday we we'll see either a break of a bounce off this point.
I'm targeting 2.072 initially, where I see confluence of the rising channel and horizontal support.
GBPNZD Day | Potential bullish reversal?Based on the daily chart analysis, we can see that the price is falling toward our buy entry at 2.0679, which is an overlap support that aligns with a 50% Fibo retracement.
Our take profit will be at 2.0884 which is a pullback resistance level. The stop loss will be placed at 2.0396, which is an overlap support level.
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GBPNZD, Paramount H-S-Formation Completes, Perspectives Ahead!Hello,
Welcome to this analysis about GBPNZD, we are looking at the 4-hour timeframe perspectives. As I discovered GBPNZD is completing a major formation now that will show up further determinations when fully completed which is likely to emerge in the near future. As when looking at my chart we can watch there how GBPNZD has established this major head-and-shoulder-formation with the left shoulder, head as well as right shoulder already completed. Now as GBPNZD has settled below the neckline this is the technical confirmation and completion of the formation and is taking the form of a bear-flag pattern as it is marked in my chart. Once GBPNZD moves below the lower threshold of the bear-flag this will indicate further bearish continuations to the downside. Also what is likely to come up here when GBPNZD continues with the continuations is the death-cross in which the 65-EMA in black crosses below the 200-EMA in blue which will add to the bearish perspectives. The main targets for GBPNZD are within the 1.946 level marked in my chart in blue, once this level has been reached the situation needs to be elevated anew and GBPNZD needs to show if it manages to stabilize or sets up for further bearish continuations.
In this manner, thank you for watching my update-analysis about GBPNZD and the main head-and-shoulder-formation development, support the analysis with a like and follow or comment for more market insight!
Information provided is only educational and should not be used to take action in the market.
GBPNZD ____ INCOMING BULLISH MOVEHello Traders,
This pair is likely to head into the weekly demand order block from which I speculate a bullish rally in price. There is also an unmitigated price level and daily supply order block for the price to reach.
Once the price trades into the weekly demand zone, I will go into the 1-hour timeframe to wait for a CHOCH from bearish to bullish to go long.
Follow me for more updates.
Cheers,
Jabari.
3 Confluences Align Are We Primed For A Move To 2.02 ??After finally breaking out of the long term resistance @ 1.91 area in July the market made a strong rally stopping shy of the 2.0 price level which as we have seen was a strong resistance level.
Is the sell off from this level just some profit taking and are buyers getting ready to position themselves back in the market around 1.91 for another push higher towards the Monthly's SUPPLY/SELL zone starting at 2.02.
From reading the charts I suspect this is the case as we have 3 confluences aligning around the 1.91 area.
Firstly is the newly created weekly DEMAND/BUY zone that caused the breakout of resistance and the move to the new trend highs. Given the speed of how price is retracing to this level should be an indication that buyers will likely enter here
Next is the newly created support level around 1.91 this was a previous resistance that got strong reactions in the past will this happen again but upwards ?
The 3rd confluence is the weekly trend line is in this area all these point to this being a great area to buy this pair.
What I want to see happen now for this pair is a move down towards 1.91 or lower and for price to start building some sort of support and sideways accumulation structure on the lower timeframes.
Then I will look for a 8hr,12hr or daily signal on my TRFX indicator to confirm my entry, stop loss will be based on the entry price.
First target will be the current high in the trend around 2 which will likely get a small reaction before the market breaks up higher towards 2.02 or higher.
For this move to be invalidated I would need to see a strong move below the 1.90 area and a weekly or monthly close.
This is how I see hope you enjoyed the read
GBPNZD The Rise! BUY!
My dear subscribers,
GBPNZD looks like it will make a good move, and here are the details:
The market is trading on 2.0995 pivot level.
Bias - Bullish
My Stop Loss - 2.0923
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.1128
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK