Gbpnzdanalysis
GBP/NZD rejected from resistance area💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
GBP/NZD has been rejected from horizontal resistance and now will go lower to rest previous support.
Let us know what you think about this idea.
Trade safe !
Short Position on GBP/NZD 4HHello Traders!
-------------------------------------------------------------
🚀SELL Execution according to the market.
------------------------👇🏻👇🏻Look the running swing trades below👇🏻👇🏻
-----------------------------------------------------------------------------------------------------
GBPNZD long trade ideaPlan: resistance level breakout --> 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 a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPNZD ANALYSIS** JUST AN IDEA. NOT A SIGNAL **
Sorry we haven't posted in two weeks due to covid.
We are back with GBPNZD, as we can see a weekly downtrend is continuing as the days go by.
Momentum has been lost this week over the last few days with signs of a reversal.
If the trade chooses to break 1.92770 barrier I expect to see a nice uptrend.
Else if the trade breaks the 1.91360 line then I expect a nice downtrend drop.
Interesting trade to keep an eye on.
Thanks for viewing!
Please support this idea by liking and leave any comments you wish ✨
Feel free to support us with a follow, join us for free on telegram t.me ✨
Drop us an email on admin@snapforex.com if you would like to get in touch ✨
SnapForexOfficial.
NZD May Have The Juice Over The GBPFrom where price is, if the price can stay below 1.92905, based on today's candle closure, price could drop back down to the previous lower low and 1.89471 and create a new lower low.
This is the potential of trading a pair that is in a strong downtrend. My educational entertaining advice, wait until today's candle closure to lead you into the trade. Don't trade against this trend until it tells you its time to.