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Gbpnzdanalysis

GBPNZD: possibile long on 4h time frameHi Traders, This is my view on this pair for the next few days. #GBPNZD Wait for the pennant pattern braking to be confirmed to go long BUY 1.93250 SL 1.924 TP 1.9493 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Long
by kitchen_trading
GBPNZD, daily tf, buy the end of wave-4Hello my friends, previously we took sell positions in this pair and managed to booked +180 pips profit from it yielding 4R Right now we're on strong support at EMA-200 and this is also where 50% fibonacci retracement of wave-4. Usually wave-4 will end at 50% fibonacci retracement. As our protective stop loss, we will use wave-1 area because per Elliott wave rule; wave-4 could never go beyong wave-1 area. Because this is using daily timeframe, don't expect this to be a quick trade because it could take weeks to complete the movement. Buy GBPNZD 1.9340 Stop loss 1.9200 Take profit 1.9950 (4.3R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
GBPNZD Elliot wave analysis in H4 GBPNZD Elliot wave analysis The fundamental factors has played key role in the recent downtrend in GBPNZD as the pandemic situation in England got worse and the economic condition in New Zealand was also in trouble and in some countries they re imposed some minor restrictions.Today the RBNZ has leave the rate unchanged this causing the further selling of GBPNZD in coming days. We can clearly see the price movement was within a broad rising channel and its about to reach the lower side of the trend line. And i am expecting further downside breakdown in coming days. Currently the Wave 02 was completed and Third major wave was underway.We can see a bearish engulfing pattern in 4 Hour time frame 1.94550 would be a desirable entry point for bear.The main bearish invalidation point was 1.97530
Short
by forexorbit