GBPAUD NZDCHF & GBPNZD - W H4 M15 Setups Shaping upMy favorite setup currently is GBPAUD
Weekly IRL tapped
STRONG H4 market structure shift.
Marked H4 BISI's.
Want to see strong bullish reaction from one of these gaps on M15 to then long.
Target Weekly ERL
Same idea with GBPNZD, although GBPNZD doesn't look as good, as we only wicked the highs (compared to strong close beyond on GBPAUD). For this reason, I'm looking to trade GBPAUD over GBPNZD.
NZDCHF
IRL weekly taken.
Strong H4 bearish market structure shift.
Marked HF SIBI's.
Want to see strong bearish reaction on M15 from the SIBI's.
Target Weekly ERL.
GBPNZD
GBPNZD Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for GBPNZD is below:
The price is coiling around a solid key level - 2.1395
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2.1258
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPNZD poised to resume the “runaway” act… the week of 28 Aug2023 has been a good trending year for this pair. For the most part, pullbacks have not been deep. Looking at the H4 chart, it appears that we may have formed a base structure, but more importantly a pullback may be ending.
IMO the uptrend will soon resume and I want to be onboard if that happens.
My trade parameters are indicated on the chart. If my analysis is correct, we have the potential of a 3R trade (or more). If however, we see bearish PA, we will need to wait and analyze the situation much lower down in the 2.09 area.
Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
What do you think about this trade idea? Please comment and share your thoughts!!
GBPNZD Analysis 2Sep2023Assuming that Wave C has the same length as Wave A, then we can estimate the next target price. Fibo Extension 1 is right in the SND area which is quite positive. With the closure of the week the boss will occur, it is likely that the price will continue the trend bearish to SND
GBPNZD Starting to turn into a buy again.The GBPNZD pair has been trading within a Channel Up pattern since the start of the year and 10 days ago started its technical correction after the new Higher High. The price hit the middle of the pattern and as the 1D RSI touched its Higher Lows trend-line, the conditions for the new buy emerge again. We are placing the first buy of this sequence now and if the price drops more we will enter a second (and final) on the 1D MA50 (blue trend-line) potentially at 2.1000. For both positions, the target is 2.18000.
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GBPNZD, ripe to short to the next significant levelThe GBPNZD was rejected by the upper trendline of the ascending channel on 21st August, 2023.
made a pull back to the 2.13930 support. Price is currently being resisted by the EMA-50 on the 4HR time frame. A break below the EMA-50 could push the price down to ultimately re-test the EMA-200 support at 2.10941.
On the other hand, the fibo retracement could pull price above to 2.14605 resistance entry where the price can have a significant short.
GBPNZD ____ INCOMING BEARISH MOVEHello Traders,
GBPNZD has been heavily bullish and with this bullishness, it created imbalances which can also be referred to as price inefficiency which would be made efficient or rebalanced in the future.
Last week, there was a bearish CHOCH on the daily timeframe which indicates a shift from bullish to bearish. Could this mean that price is ready to rebalance the inefficiencies? I don't know but the probabilities are positive.
I will be waiting to see if price will trade into the daily supply orderblock. When this happens, I will go into the 1hour timeframe to see if there will be a shift in structure to go short. If I don't see, I don't trade.
Price might not get to the order block due to the strong bearish move and just continue. Our job is to wait.
See below for correlated pairs: EURNZD, NZDCHF & NZDSGD
Follow for more updates like this.
EURNZD ANALYSIS
NZDCHF ANALYSIS
NZDSGD ANALYSIS
Cheers,
Jabari
Buying to sellWith all the price action that has been going on, price is currently reacting to the internal supply zone labelled as the breaker breaker block because price is expected to break the area in order to fill the one directional bearish movement which created the imbalance. Should price slightly drop to level 2.12632 then we will have a clearer buying opportunity, the idea is to break level 0.13572 to the supply zone, then a minor decrease to the breaker. The breaker shall strengthen buyers to reach the ultimate target to make a flip to the 4h supply for a smooth bearish market…
GBPNZD - Looking For Buy Setups ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last GBPNZD, we were looking for sell setups around the 2.16 resistance.
GBPNZD is trading lower and it is approaching the lower orange trendline.
Moreover, the zone 2.1 is a strong support.
🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower orange trendline acting as a non-horizontal support.
As per my trading style:
As GBPNZD approaches the lower orange circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPNZD - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPNZD has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline.
Moreover, the zone 2.16 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline acting as a non-horizontal resistance.
As per my trading style:
As GBPNZD approaches the orange circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
What Next 2.10 Looks Crucial?This currency pair has caught my attention due to its recent breakthrough of the 2.10 resistance zone last week, propelling it upwards to around 2.13. But what lies ahead?
Initially, it's worth noting that on the lower timeframe charts, we're witnessing a significant overbought condition. This hints at an impending retracement. In fact, signs are already emerging that a downward move towards the 2.10 resistance-turned-support level could be in the works. I've taken the initiative to initiate a short position based on this outlook.(see image below)
While the potential for a more substantial correction can't be dismissed, I'm particularly keen to observe how price behaves at the crucial 2.10 level. This resembles a situation we encountered at 2.05 earlier, where after an initial breakout towards 2.10 (for a detailed breakdown, refer to my previous post from about a month ago), a subsequent retracement occurred, finding firm support at 2.05.(see image below)
Should we begin to notice the establishment of a support structure on the lower timeframes (4-hour and 1-hour) in the vicinity of 2.10, akin to what transpired around 2.05, it sets the stage for a potential new bullish leg, targeting the 2.175 region that marked the high during the rapid rally of 2020.
For a more pronounced correction to materialize, my criteria involve a decisive momentum break beneath the 2.10 level, followed by a weekly close below this threshold. Should these conditions be met, my sights are set on 2.05 or potentially lower.
Currently, a short-term SELL trade has been triggered at 2.125. My initial target stands at 2.10, with a pivotal breakeven point at 2.116. At this juncture, I'll close 50% of the position and adjust the stop loss to match the entry price.
The trajectory of a deeper correction or the potential onset of the next bullish phase hinges on how price responds in the vicinity of 2.10.
Hope you enjoyed the read
GBPNZD - Expect retracement ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. Firstly I expect price to make a retracement in order to fill imbalances and only after that to reject from bullish order block + institutional big figure 2.10000.
Fundamental analysis: Upcoming week on Wednesday will be released Cash Rate on NZD, also yearly CPI on GBP. Pay attention to the results in order to validate the analysis.
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GBPNZD I Strong rise and safer to trade with the trendWelcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
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Son Trader - Sell GBPNZD Sell GBPNZD
EnTry : 2.10322
SL : 2.108
TP 1 : 2.10322 (rr 1/3)
TP 2 : 2.04500 (rr 1/12)
this is a trading order based on my personal analysis :D there is a risk so you should install SL :D if you have any questions please send me a private message via tradingview good luck
translated by google
✅GBP_NZD RISKY SHORT🔥
✅GBP_NZD went up just as
I predicted yesterday but now
The pair has hit a rising resistance
Which confluences with the
Horizontal key level of 2.105
Which you can not see on the chart
So I think that we will see a local correction
SHORT🔥
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