Gbpnzdanalysis
GBP/NZD TP Hit, Wait For RetraceAnother TP hit on this yesterday, now retrace it taking place. Looking for chance to re-enter a long around 0.382 Fibonacci. If price rebounds here target is 1.96382. Looking for a further target beyond that of 1.98041 but that may need to be a separate trade after taking profit and seeing retrace.
GBPNZD Long-term Bearish SetupHi Traders!
GBPNZD has been trading a corrective channel for about two months. The pattern within the channel is unfolded as a double zigzag pattern. According to Elliot Wave theory, once a correction is completed the price will resume in the direction of the dominant trend. It's bearish in the GBPNZD case.
Another technical analysis that's supporting bearish reversal is the rejection of the 200 EMA and long-term descending trendline.
The breach of the 1.91653 key level will confirm the correction is completed and the price has resumed the downtrend.
What's your view on GBPNZD? Let me know in the comment.
Thanks,
Veejahbee.
Another GBPNZD HighHi Traders
I think we are likely to see another GBPNZD high. On chart I have plotted a trendline which is acting as resistance, I am taking short positions.
Short at market
Stop loss: 1.9226
Target : 1.8579
GBPNZD, daily tf, 10-months descending trendline breakout (2)Hello my friends,
I posted about this position at February 9th when i took buy positions.
Price now reaching an area of conflunce resistance consisting of horizontal resistance and EMA-200.
I've decided to closed my buy here first and booked +280 pips profit.
I will be looking to reenter buy again later if price managed to close above 1.9330 on a daily candle.
My GBPAUD also now floating +100 pips and i am still holding.
I am planning to take profit once price reached 1.80xx area.
IF you took both trades with me, you should be in profit as well
GBPNZD W2 Feb 2021GBPNZD
Possible movement setup
Price overall is forming an Expanding Flag pattern. Price recently bounced off a resistance trendline. Both buy and sell entries could be placed on this pairing on its respective POI
GBPNZD ANALYSIS - Ascending Triangle GBPNZD has reached the top of an Ascending triangle on a 3 hour time frame.
- We Normally wait for a confirmation, either a break-out or reversal before
placing a trade.
GBP/NZD Breaking OutThis now looks to be breaking above resistance. I said this was happening a couple of days ago but I jumped the gun slightly, hopefully if you opened the trade then you are still in. Now want to see this stabilise above resistance and possibly retrace to test it as support. If you are not in this trade then I suggest waiting for a retrace to support before longing.
Could see some resistance at 1.93237, but target is 1.98013
Providing we see this close above resistance and support holding on a retrace then SL can be around 1.90600
GBP/NZD - £ Has MomentumGBP is looking very strong and I expect it to push higher. Price on this is currently at resistance but with the momentum this should go straight through it. I have set 2 take profits as I am ultimately aiming for TP 2 but TP 1 allows for exiting the trade and re-entering after a retracement.
SELL SELL SELLHello team, price has been moving in perfect waves. we have an indecision candle showing up that bulls have potentially run out of momentum. looking for sell all the way down to demand.
GBPNZD, daily tf, 10-months descending trendline breakoutHello my friends,
Another pair to trade for today is GBPNZD.
You can see price finally broken above the 10-months descending trend line which has acted as resistance.
This could become the beginning for GBPNZD to begin it's journey to the upside.
On the way up, i will look to add more position as price making a continuation pattern.
Buy GBPNZD 1.9050
Stop loss 1.8850
Take profit 2.0270 (6.1R)
Use only 1-2% risk
Good luck
GBPNZD - Resistance WipeIf you look to the arrow marked you will notice a purge of support, we are now looking to purge the resistance.
ideally, I would like to see a slight pullback to the most recent structure before upside continuation to the liquidity.
GBP/NZD Should See a RetraceAfter yesterdays Bank of England announcements all GBP pairs have spiked upwards. I would expect a retrace on this soon before generally continuing upwards. I am bullish on GBP in the long term but there should be some short term shorting opportunities coming. This is also at a big monthly and daily resistance level which should make a drop more likely, and at the moment risk off currencies are very strong (NZD, AUD, CAD). Im looking for a TP at 0.5 Fibonacci, although you can also target 0.618 which would complete the neckline of structure (as highlighted in green)
TP - 1.90205
SL - 1.92050
GBPNZD, Strong Price Rejection, LongGBPNZD, Strong Price Rejection due to strong significant Support!
GBPNZD Short Trade IdeaHey traders, here is the analysis for the GBPNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBPNZD Swing Buy Plan, Entry details on the chartHey traders, here is the analysis for the GBPNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBPNZD / SHORTPrice appears to be retesting resistance, once price enters that zone i will be looking to short this pair
GBPNZD Short (Sell) Trade Setup IdeaWe look at price action as it gets into this sell zone for any signals of a potential reversal.
GBPNZD - buy zone Preconditions:
- accumulation
- key level
- false break out
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
GBPNZD Swing Buy Idea, Entry details on the chartHey traders, here is the analysis for the GBPNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Bearish Crab PatternGBPNZD BEARISH CRAB PATTERN
Market Sell Order Set Up.
Sell Entry: (1.91222)
Min Take-Profit: (1.90577)
Max Take-Profit: (1.90055)
Stop-Loss: (1.91975)
Max Risk-Reward: (1.55)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
GBPNZD Short (Sell) Trade Setup IdeaGBPNZD is quite interesting as there is no strong structure levels before 1.87. There was a support ledge which has failed to hold and we can now see price failing to the downside.
