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
Gbpnzd,pretty dead...still bias to downsideStill on the downside for shorts...watching on the h1.
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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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GBPNZD The massive sell-off can extend below 2.000The GBPNZD pair is on a massive 6-week sell-off that has broken below June's and July's Low. The 1W RSI turned bearish below 45.00 and the next line of Support is the 1D MA50 (blue trend-line). In the past 5 years, every sharp sell-off on GBPNZD has been at least -9%. A potential new such decline gives us a target estimate just below Support 1 (1.97550). That is the target that we will pursue but if the 1W RSI hits the 34.00 Support earlier, we will close it on the market price regardless. The next bounce should hit at least the 0.5 Fibonacci retracement level but that can be calculated after the bottom is formed.
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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
✅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.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
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
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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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