Gbpnzdanalysis
DeGRAM | GBPNZD false breakoutGBPNZD broke and closed below the resistance level at 1.96600 and pulled back to the consolidation zone.
The market created a false breakout of the resistance level. There's a nice confluence zone to short at the resistance level .
We expect a pullback from the resistance if price makes another false breakout of the resistance.
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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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GBPNZD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective of GBPNZD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. If price makes a retracement and fills the imbalance lower I will look to open a long position from bullish order block + institutional big figure 1.94000.
‼️Attention!!! Due to the fact that we have news events on GBP & NZD on Tuesday and Wednesday, the analysis can be invalidated.
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DeGRAM | GBPNZD structure based tradeGBPNZD broke out of the ascending channel and moved higher to the resistance level .
The market overall is moving sideways. There's a nice confluence zone to short at the resistance level and bearish harmonic pattern.
We expect a structure based trade.
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GBPNZD - Bat Pattern OpportunityIf GBPNZD goes up from here it will likely trigger my bearish bat pattern limit order (see previous idea). However, if it falls from here it will trigger my bullish bat pattern limit order.
My back testing shows that these patterns are highly profitable on this pair. I enter with a limit order at the 88.6 retracement and take TP1 at the 38.2 retracement and TP2 at the 61.8 retracement.
If price moves against me I trail my take profit levels accordingly.
GBP/NZD Long we have impulse wave then correction with hold price above a horizontal support then broke a simple trendline
GBPNZD - Bat Pattern Forming SOON!Bat patterns on GBPNZD are very profitable on the 4H timeframe.
- Entry: 1.96189
- Stop Loss: 1.97407
- TP1: 1.94499
- TP2: 1.93456
I have set a limit order at my entry price. If price moves against me I will trail my take profit levels in accordance with the 38.2 and 61.8 retracement levels from the low of the pattern to the current price level.
If the pattern is invalidated before hitting my entry limit order, I will delete the order.
GBPNZD - I've got a trade idea for you!GBPNZD - I've got a trade idea for you!
As we await for Powell! I found a this great trade idea, it's a break to either direction...Now remember, we could get false break out!
Highs: 1.94570
Lows: 1.93620
Pattern: Triangle
A break to either direction, break of 200 EMA area takes you to 0.382 & 0.236Fib areas. However, if we break above the trendline down, I expect target areas 1.95 half areas and perhaps even 1.96 half area matching the 1.618 area!
Have a great day ahead,
Trade Journal
GBPNZD Potential Short!GBP-NZD broke out of the
Horizontal range and also
Broke the rising support
So as it is now making
A pullback I think
There is a high chance
To see a move down
DeGRAM | GBPNZD potential the head and shoulders patternGBPNZD broke out of the ascending channel and moved higher to the resistance level, which is psychological level at 1.9500.
The market is creating a head&shoulders pattern. There's a nice confluence zone to short at the resistance level .
We expect a pullback from the resistance.
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GPBNZD possible short for 1.88701.9520 strong resistance broke on 22nd & 28th February but not able to sustain price higher and closed below 1.9520 that is indication as a fake breakout. 28th daily key reversal bar made a new high closed on the low indication for weakness for coming days. 1st March daily insurance bar confirms further weakness ahead. target is 1.8870.
GBPNZD SHORTSPRICE has been moving down impulsively from a value area and has created several entry opportunities of which the current formation is latest..shorts activated on breakout
UPDATE GBPNZD - Still in play but the warning is concerningW Formation formed and broke above.
The big warning and problem is that there was low volatility and the market was moving in a continued sideways range.
This is concerning because the buyers are not too strong which is why we now had a large bearish engulfing candle showing how the sellers are running the show.
7>21 but <200MA
RSI <50 - Turned bearish
Target 2.000
But this is still a medium probability trade
GBPNZD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective of GBPNZD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I see price to make the retracement and then to reject from bullish order block + institutional big figure 1.93000.
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GBPNZD LONG - STRONG CONFLUENCE!Waiting for a pullback to retest 1.91995 to long GBPNZD back up to 4H highs at 1.95023.
If you agree drop a like and if you have any questions leave a comment :)
GBP/NZD New Wave With A New Free Trade Price has created a great area for support tat was a previous res so we can enter a buy trade
GBPNZD - Criteria Met!Last week we looked at this and it had not swept the high of the wick we were after, it has done that (only just!) right now. I am officially in LIVE on this trade, stop and profit levels are shown. This is my analysis, trust your own.
Any trade for the rest of the week will more than likely be demo only as only 1 live trade gets taken at a time as a measure of risk management.
GBPNZD : Long Trade ,4hHello traders, we want to check the GBPNZD chart in the 4-hour time frame. The price has managed to break the range channel and also the key level of 1.94000 upwards. If the price can make a correction around this level, it is a good point to enter. It is a trade and we can expect it to continue its growth until the key level of 1.99600. Good luck.
GBPNZD buy Entry : 1.93580
Stop : 1.90643 , Target1 : 1.96824 , Target2 : 1.99455
Risk/Reward Ratio : 2
GBPNZD - Bearish price action ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Here we can see that price took buy stop liquidity, formed a normal divergence and rejected from institutional big figure 1.93000, so I am looking only for shorts.
‼️Attention!!! Due to the fact that we have news events on GBP & NZD this week, the analysis can be invalidated.
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