Gbpnzdanalysis
GBP/NZD Bears looking to take price lowerLet's take a look at two worst performers of last week. We can see that price for this pair is at key resistance line of descending channel. Looking at price action more closely (1H chart) we can see that price has already showed us that bulls momentum has been cooling off. However, we will wait for next 4H candle to close before we will open any short positions. As many NZD pairs has showed us that the price is at key level we tend to believe that Kiwi will have better results upcoming week.
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Good luck !
GBP/NZD short-sell weekly chartGBP/NZD short-sell potential weekly chart overbought levels in rsi, bb, demarker
3:1 risk reward ratio 300 pips vs 900 pips high pennant resistance 2.100/ 2.0500 stop-loss, support low 1.900 target-profit
Economic calendar release for NZD RBNZ Interest rate decision 0.25% vs 0.25% and GDP for GBP (QoQ) -2.5% vs 0.0% (YoY) -2.1%vs 1.1%
Open Market in monday has potential (DCB) dead cat bounce 2.0420 oversold in demarker 30 mins - 4hr and trend continuation to downwards
Get LONG on GBPNZD - good BUY opportunityI've just gone LONG GBP/NZD. Price has returned to WS1 and found support and looks primed for a move north. I'm in at 2.0418 with a STOP under the swing low at 2.0354 which is under WS1. Looks a good thing this with my Disciplindicator confirming with 2 stars.
GBPNZD trade updateHi everyone and welcome back to my GBPNZD trade update.
In this video I go over the positions we took on the market, the results of our areas of interest, as well as providing you areas in the market to pay attention too and what exactly it is I am seeing to give me this bias!
If you enjoy the content give it a like, follow me for more trade ideas and if you agree or disagree with the set up let me know in the comments below!
In total we achieved close to 400 pips from my analysis breakdown
Have a great day!
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