Gbpnzdanalysis
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
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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.
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GWBFX
GBPNZD / BULLS IN THE HOUSEKeeping it simple and letting price dictate what it wants to do
Waiting for price to break resistance before first buy then doing the same with the second
There is divergence on multiple timeframes and price has broken a downward trend line (not drawn)
GBPNZD [1H] play on inside the box and wait to break ✌✌✌GBPNZD play on inside the box and wait to break ✌✌✌
How to trade ?
1. Now is sideway Up ▶ Sell Down ▶Buy must Dont break only ✅✅
2. Wait untill breakout for up or down and wait for pullback and following way
Have a good day 🍺🍺🍺🍺
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.
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Thoughts on GbpnzdGbpnzd looks to be forming a range which means we could see a reversal coming, I will be waiting for a breakout and a retest in either direction before I make a move.
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.
GBPNZD: Short term Bullish Idea can push it towards 1.98 - 2.0GBPNZD has reached to the bottom of the rising channel and is under bullish pressure from the divergence created between the price and MACD.
Fibo retracement of 50 & 61.8 coincides with the previous structural support now can be seen as resistance.
Price can bounce up to the zone of 1.98 - 2.00 and then turn bearish for the future continuation.
GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
GBPNZD Updateprice at resistance need clear breakout above resistance and flip of this resistance is a good long
else
rejection from the resistance will send price to lower trend line Support
Wait for daily close for confirmation
GBPNZD BUY Trade Setup For Intraday.GBPNZD BUY Trade Setup For Intraday.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
GBP/NZD at strong support 💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really apricate any likes and follows, that would help grow this channel.
GBP/NZD could move higher if price is rejected from this strong support line. We will look for opening long positions if we get a confirmation that price is actually rejected from this line.
Let us know what you think about this idea.
Trade safe !
GBPNZD, Anchoring Atlast..Strong Demand Zone
W,D resistance area
Bearish Channel TL holding
0.5 Fib Level Holding.
All In Favor of LONG
GBPNZD Trading Updatewe have very big selling pressure and price now also coming back so let's not take any position for now and make have some money for support touch..
we will long at support
