GBPNZD
MarketBreakdown | WTI Oil, EURUSD, GBPNZD, EURAUD
Here are the updates & outlook for multiple instruments in my watchlist.
1️⃣ WTI Crude Oil daily time frame🛢️
The market is trading in a long term bearish trend.
After the last sharp bearish movement, the market is steadily recovering.
Ahead, I see a major horizontal supply area.
Probabilities are high, that the next bearish wave will initiate from there.
2️⃣ EURUSD daily time frame 🇪🇺🇺🇸
After a breakout of a solid daily resistance, the market is preparing for its retest.
Watch carefully the underlined zone and look for buying opportunities from there.
3️⃣ EURAUD weekly time frame 🇪🇺🇦🇺
The pair is currently approaching a weekly horizontal resistance cluster.
Taking into consideration, that the pair is quite overbought, probabilities will be high to see a pullback from that
4️⃣ GBPNZD daily time frame 🇬🇧🇳🇿
The pair is currently retesting a broken neckline of an ascending triangle. As we discussed earlier, the trend line of a triangle and its neckline compose a contracting buy zone now.
Chances will be high that the next bullish wave will initiate quite soon.
Do you agree with my market breakdown?
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Lower correction expected from GBPNZD.GBPNZD - 18h expiry - We look to Buy at 1.9550 (stop at 1.9450)
Previous support located at 1.9600.
Previous resistance located at 1.9650.
Broken out of the channel formation to the upside.
The correction lower is assessed as being complete.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.9650 will confirm the bullish momentum.
Our profit targets will be 1.9750 and 1.9800
Resistance: 1.9650 / 1.9750 / 1.9800
Support: 1.9600 / 1.9550 / 1.9500
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GBP-NZD Swing Long Forecast! Buy!
Hello,Traders!
GBP-NZD is trading in an
Uptrend in a rising wedge
Pattern and the pair broke
A key horizontal level which
Confirms the bullish bias
And I think that that
The price will go high
In the near future
Buy!
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See other ideas below too!
Sell GBPNZD SW 230323 9.00📌📌 Signal Sell GBPNZD 📌📌
Link :
📍📍Open order 1.966
Sell lim 1 1.9695
Sell lim 2 1.973
Sell lim 3 1.977
Sell lim 4 1.981
Sell lim 5 1.985
Sell lim 6 1.989
Tp 1.951
Sl 1.996
Warning !!! (Swing trade must be use pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Sell lim 1 0.15 lot
Sell lim 2 0.20 lot
Sell lim 3 0.25 lot
Sell lim 4 0.30 lot
Sell lim 5 0. 40 lot
Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Sell lim 1 0.05 lot
Sell lim 2 0.06 lot
Sell lim 3 0.07 lot
Sell lim 4 0.08 lot
Sell lim 5 0.10 lot
Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
Potential Short opportunity in GBPNZD (in 12 hours time)I am seeing GBPNZD will move in its sideway (4H timeframe) and will meet its resistance from the trendline at +-2.002.
I will suggest started seeing the rejection in the resistance area and prepare SHORT position with stop loss of the previous high (2.034) and target price (1.888)
GBPNZD - Over-Bought Zone ⬇️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPNZD is has been overall bullish trading inside the rising red channel, however it is currently approaching the upper red trendline. So we will be looking for sell setups.
Moreover, the green zone is a strong supply.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green supply and upper red trendline. (acting as non-horizontal resistance)
As per my trading style:
As GBPNZD is sitting around the purple 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
GBPNZD SELLHello trader last analysis for the Day so let’s Set Our Eyes on GBPNZD We are Currently taking A sell based on we are Currently on a Support and Resistance Level price failed to break our Resistance zone and also we end up having A trend line breakout and a Successfully retest back to trend, so to keep everything as Educationally as possible When trading technically we understand that use of S&R support and Resistance failed to break Our R zone We expect price to fall back to our support. We Sell immediately the market open, remember proper risk management. Drop your comments on What you think about this trade thank you.
GBPNZD - Long active ✅Hello traders!
‼️ This is my perspective of GBPNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective as price forms higher highs and higher lows, so I am looking for longs. I expect bullish price action from this zone as price rejected from bullish order block + institutional big figure 1.94000.
Fundamental analysis: On Thursday 23rd of March we have news events on GBP. Bank of England planned to raise interest rate by 0,25% supported by a Press Conference. The raise of interest rate means strength of currency which could support our bullish price action.
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