GBPNZD is in Selling Direction after testing TrendlineHello Traders
In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes GBPNZD market update)
🟢What is The Next Opportunity on EURNZD 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
GBP/NZD Trade Setup: Short Position on Head and Shoulders Patter
I've identified a head and shoulders pattern on the 12-hour and daily charts for GBP/NZD and have initiated a short position based on this classic reversal setup.
I'm opening two trades for this setup:
The first entry is at 2.11218, near the neckline of the head and shoulders pattern.
The second entry is at 2.11487, triggered by a 12-hour close below the neckline, confirming the pattern.
This dual-entry approach allows me to capitalize on both the initial break and the confirmed move, enhancing my overall position. I'll be monitoring the trade closely and will provide updates as it progresses.
GBPNZD Weekly Analysis and OutlookGBPNZD Weekly Analysis and Outlook
This week, the GBPNZD pair appears to be gearing up for a continuation of its uptrend, following a brief downward correction on the hourly timeframe. This pullback seems to have provided the necessary consolidation, positioning the pair for a renewed upward movement.
Current Market Overview :
After experiencing a short-term downward trend, the GBPNZD pair found support at a key level, halting the decline and suggesting the potential for a reversal back into its broader uptrend. The correction allowed the pair to cool off from recent highs, and the current market conditions indicate a readiness to resume the upward trajectory. As the pair begins to recover, traders should watch for a break above near-term resistance levels, which would confirm the resumption of the uptrend.
Expectations and Potential Scenarios:
Given the recent stabilization, we expect the GBPNZD to continue its upward movement in the coming sessions. The pair's ability to maintain support during the pullback suggests that the overall bullish structure remains intact, providing a strong foundation for further gains.
Primary Expectation:
If the pair successfully breaks above the immediate resistance following this correction, it is likely to continue climbing towards higher resistance levels. This scenario would validate the uptrend and offer favorable conditions for long positions.
Alternative Scenario:
However, if the price struggles to break through the resistance and encounters renewed selling pressure, we may see another brief pullback. Traders should consider this possibility, as it could present additional opportunities to enter the market at more attractive levels before the uptrend resumes.
Conclusion:
In summary, the GBPNZD pair is poised to continue its upward trend after a short-term correction on the hourly timeframe. Traders should focus on the upcoming resistance levels as potential catalysts for renewed bullish momentum. By staying alert to both bullish and corrective scenarios, you can effectively navigate the market and adjust your strategies as needed.
By Piptera Digital Solutions,
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GBPNZD "the Quid" Bearish Money Heist plan to steal the bankMy Dear Robbers / Traders,
This is our master plan to Heist GBPNZD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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GBPNZD Analysis: Unveiling Bullish Opportunities with Strategy Hello Traders,
The chart above presents a straightforward and revealing analysis for the GBPNZD pair, showcasing two compelling signals of bullish market momentum.
Firstly, we observe the distinctive Cup & Handle pattern. The price has successfully surpassed the 161.8% Fibonacci level, now targeting the 200% level, which aligns with the 261.8% extension at 2.2200.
Secondly, within the context of an ascending channel, the price has traversed the midpoint, setting its sights on the same 2.2200 target.
Considering these indicators, initiating a long position with a target at 2.2200 appears justifiable. At present, there's no evidence of a daily timeframe market reversal. Even in the event of a retracement (as depicted in the red rectangle), which might span two weeks and cover 500 pips, it should be regarded as an opportunity for accumulating more positions.
While acknowledging the potential for corrections, it's crucial to approach trading with fragmentation of positions, exercising patience over impulsivity. An initial long position at 1% of capital is prudent, with the option to scale up by 1% for every 100-pip correction total 5%, ensuring careful risk management throughout.
Best regards,
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
GBP/NZD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP/NZD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2.133 area.
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GBPNZD Pushing itself in a buy directionHello Traders
In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes GBPNZD market update)
🟢What is The Next Opportunity on EURNZD 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 Expected Growth! BUY!
My dear friends,
GBPNZD looks like it will make a good move, and here are the details:
The market is trading on 2.1199 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2.1378
Recommended Stop Loss - 2.1097
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GBPNZD Will Go Lower From Resistance! Short!
Please, check our technical outlook for GBPNZD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2.135.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2.108 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
GBP/NZD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/NZD pair is in the downtrend because previous week’s candle is red, 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 2.101 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPNZD: Bullish Continuation & Long Trade
GBPNZD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GBPNZD
Entry - 2.1205
Stop - 2.1082
Take - 2.1417
Our Risk - 1%
Start protection of your profits from lower levels
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GBP/NZD Start Giving Good Bearish P.A,Short After Daily Closure?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Potential bullish rise?GBP/NZD has reversed off the support level which is a pullback support that is slightly below the 38.2% Fibonacci retracement and could rise to ur take profit.
Entry: 2.1347
Why we like it:
There is a pullback support level which is slightly below the 38.2% Fibonacci retracement.
Stop loss: 2.1220
Why we like it:
A pullback support level lines up with the 50% Fibonacci retracement.
Take profit: 2.1711
Why we like it:
A pullback resistance level aligns with the 61.8% Fibonacci retracement.
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GBPNZD Weekly Analysis and OutlookGBPNZD Weekly Analysis and Outlook
This week, the GBPNZD pair has shown a pronounced downward trajectory, closing in a bearish continuation phase. This downward momentum indicates a negative sentiment among traders, suggesting further potential for a decline.
Current Market Overview:
The pair has been steadily moving downwards, supported by unfavorable market conditions and bearish sentiment. As it approaches a key support zone, traders should closely monitor the price action. A successful break below this support would likely confirm the continuation of the bearish trend.
Expectations and Potential Scenarios:
Upon breaking the support zone, we anticipate that the GBPNZD will continue its downward momentum. This breakout could open the door to lower levels, offering traders potential opportunities to capitalize on the bearish trend.
Primary Expectation: If the support is broken, the price is likely to sustain its downward movement, potentially targeting lower support levels. This scenario would reinforce the bearish outlook, making it a favorable environment for short positions.
Alternative Scenario: However, if the price encounters strong support and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at higher levels before resuming the downward trend.
Conclusion:
In summary, the GBPNZD pair is poised for further downward movement following its recent bearish phase. Traders should watch for a decisive break below the support zone, which could serve as a catalyst for continued declines. Maintaining awareness of both bearish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly.
By Piptera Digital Solutions,
Invest Wisely!