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Gbpnzdanalysis

Can The Bull Rally Stop The Possible Short?Have bearish engulfing on the 4hr that has to be retested. But I don't think the retest may last long. We may keep continuing up to test the weekly 1.94408 area, shoot back down as a rejection. With the large inverted head and shoulders below, we might pass up though to continue the rally. Otherwise, we may just keep dropping on down until we reach the daily 1.90910 area before another attempt back up. BULL TPS: • 1.93496 • 1.93871 • 1.94408 • 1.94950 BEAR TPS: • 1.92628 • 1.92020 • 1.91065 • 1.90353
by NikaJourney
GBPNZD long trade ideaPlan: wait for the price to bounce off support level/demand zone --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
4
GBPNZD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
GBPNZD | Perspective for the new week | Follow-upFollowing Downing street’s lockdown exit plan; the Pounds appears to have found a platform to rise against the Kiwi as confidence in the UK economy resumes! With over 300pips in our favour since my last publication on this channel (see link below for reference purposes), we might be on the verge of a very LONG rally in the coming week(s) as the price seems to have established a Support @ NZ$1.88500/1.90000 area - a level which has been respected since the beginning of the year since the Breakout on the 15th of January 2021. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand | Reversal pattern (DB) Observation: i. The Bearish Impulse leg that began in March 2020 appeared to have found a bottom at around NZ$1.85000 to make a Double Bottom structure - a strong reversal pattern that incites Bullish tendencies. ii. My Key level identified @ NZ$1.90500 as been an area that dictated the momentum of price action since Nov 2020. iii. This Key level that has been a Supplication zone since Nov 2020 appears to have become a strong Demand level since Breakout (Jan 2021) followed by sharp rejection. iv. A quick look at my weekly chart supports completion of a reversal pattern as last week trading session culminates with a beautiful "hammer candle"! v. Last week Friday trading session experienced an engulfing Bullish candle spring out of Demand level to emphasize the strong presence of Buyers at this juncture in the market. vi. This been said, I shall be looking for buying opportunity anywhere above my Key level @ NZ$1.90500 in the coming week(s) to take advantage of this rally. Trading plan: BUY confirmation with a minimum potential profit of 800 pips. Risk/Reward : 1:5 Potential Duration: 20 to 40 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
GBPNZD POSSİBLE SHORT BULLİSH Hello traders, I hope everyone has a nice trading week. I would like to share one my possible short term bullish scenario for GBPNZD .Please support this idea with like If you find it useful. We almost reach the strong support-demand zone; When it test this zone, It's possible jump to the upside. We just need to see nice rejection, looking for bullish candlesticks . The information given is not a financial advice. Remember this analysis is not %100 accurate. To make decision please follow your own thoughts.
by edkakumru
3
GBPNZD | Perspective for the new weekDespite the UK’s coronavirus pandemic situation... I still hold on to an overall Bullish perspective due to the reversal structure (the culmination of 127.2 ext Bearish run) cited on my Daily chart; I am of the opinion that price is at a juncture where the opportunity for a quick counter-trend trade is possible before the rally begins! Tendency: Short term Downtrend ( Bearish ) Structure: Double Top | Supply & Demand Observation: i. Double Top: The appearance of an extremely bearish reversal pattern forms after the price reach a peak at two consecutive times with a moderate decline between the two highs (NZ$1.92150/1.91980). ii. Though it is generally accepted that sell confirmation happens once the price falls below the demand level equal to the low between the two peaks (NZ$1.92150/1.91980), Considering the present pattern, I shall be tweaking this concept lil' bit by making a Sell window at the new Supply level @ NZ$1.91000 in the coming week. iii. For those who are a little bit cautious, we can hold till price breaks neckline @ NZ$1.89000 area for confirmation. iv. Please note: I am of the opinion that the exhaustion of bearish move after Breakdown of the neckline will be resulting in a Big rally in the future! Trading plan: SELL confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:3 Potential Duration: 8 to 15 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
7