GBPNZD
GBPNZD - Expect retracement ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking longs, but for now I expect a retracement to till the imbalances lower. As well we have a normal divergence which indicates bearish price action.
Fundamental analysis: Wednesday on 5th of April will be released Official Cash Rate on NZD, which was forecasted to increase by 0.25%, this means strength in currency which could support our move.
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GBPNZD AnalysisPrice of GBP nzd has been making a tighter range highs latest.
with over all fundamental situation on the horizon , i am expecting it to fall to lower support of 1.9541
sell entry : 1.98
SL - 1.9921
tp : 1.9540
interst rates of Nzd is 4.75 and GBP is 4.25 which favours bais.
infaltion is higher in britain around 10 percent with lower GDP q/q which also favours longs on NZD.
best of luck
GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GBP/NZD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 6H timeframe.
And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.956 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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✅GBP_NZD UPTREND INSIDE THE WEDGE|LONG🚀
✅GBP_NZD is trading in an
Uptrend inside the rising
Narrowing wedge so until
We see a breakout we are bullish
And we will b expecting the
Pair to keep moving up
Catching long trades
From the rising support
Of the wedge
LONG🚀
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gbpnzd h8 short from heavy supply zone major reversal🔸Hello traders, today let's review gbpnzd 8hour chart. currently
we are closing in on heavy supply zones overhead, this is 9850
and 2.0000. In fact we already triggered 9850 and so price is already
pulling back, however most likely price will do one final push to trigger
overhead supply at 2.0000.
🔸Risk/reward is shifting in bears favor as we are closing in on swing high
near 2.000, which is also heavy supply zone, so I'm expecting a heavy
reversal, once we trigger the fresh overhead supply zone.
🔸Recommended strategy bears: look to execute shorts
from overhead resistance close to fresh/heavy supply zone near 2.0000.
Bears will target at least 50% of the recent swing, so conservative TP bears
is 9400 and final TP bears is 9300. Keep in mind this is a swing trade setup.
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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