DeGRAM | GBPNZD potential shorting opportunityGBPNZD pulled back to the support level that was tested two times. Usually, the price breaks the level on the third attempt.
The market has bearish sentiment, and there is a high chance that the price will continue moving south.
We expect price action to make a pullback and go down to test the lower border of the descending channel.
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Gbpnzdanalysis
GBPNZD : Long Trade , 1hHello traders, we want to check the GBPNZD chart. The price has broken the descending channel to the top and pulled back to the key level indicated. We expect this level to play the role of a support level and the price will maintain its profitable trend. The first price target is 2.07200 and if the price can break this level, the second price target will be 2.08100. Good luck.
GBP/ NZD !! 15/2/2024 break the DOWN trend⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
Break the trend Down in H1 frame, test the trend. Price moves towards the support zone. Set up BUY signal
⭐️ SET UP GBP/NZD PRICE:
🔥BUY GOLD zone: 2.06550 - 2.05350 SL 2.06050
TP1: 2.06850
TP2: 2.07150
TP3: 2.07550
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. test trend DOWN
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
DeGRAM | GBPNZD price at confluence levelGBPNZD in the descending channel is pulling back to the confluence level.
The market overall is bearish, so we anticipate a price move down from the resistance.
Price created a confluence level where we have a bearish harmonic pattern channel border and dynamic resistance as well.
We expect to tap into the resistance zone and continue trending south.
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GBPNZD - Long from support zone ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to reject from support zone for a potential long.
Fundamental news: Upcoming week on Tuesday we will see results of Unemployment Rate on NZD.
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GBPNZD Analysis🏃♂️ GBPNZD is moving in a Descending Channel and broke the Uptrend line and 🟢 Support zone(2.077 NZD-2.073 NZD) 🟢.
🔔 After completing the pullback , I expect GBPNZD to decline to at least the 🟢 Support zone(2.060 NZD-2.056 NZD) 🟢 and the lower line of the descending channel.
British Pound/New Zealand Dollar ( GBPNZD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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DeGRAM | GBPNZD completion of the AB=CDGBPNZD completed the AB=CD pattern, which is essentially a complex pullback against the major trend.
The market rebounded from support and a 141.1% fibo extension level.
We expect a retest of the resistance level since the major trend is bullish.
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GBPNZD Trade IdeaThe GBPNZD has undergone a significant upward movement recently, demonstrating a pronounced bullish trend on the 4-hour chart characterized by higher highs and lows. The retracement observed presents a potential buying opportunity, with target levels set at previous daily swing points. It is crucial to underscore that this analysis is presented solely for educational purposes and should not be interpreted as financial advice.
gbpnzd sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPNZD - Opportunity for long position ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance and there is a confluence for a potential long if price rejects from bullish order block + institutional big figure 2.06000 + FIBO 0.5 level.
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GBPNZD is ready to go longWe are losing selling pressure at this liquidity level, which could lead to a potential rebound. This provides us with potential buying signals to explore new higher points, notably the level 2.07294.
Therefore, we are opening a long position to initiate a purchase and attempt to reach this new higher level.
GBPNZD H1 / FVG and OB take / looking for a SHORT TRADE ENTRY❗️Hello Traders!
This is my idea related to GBPNZD H1. I see that OB and FVG were already taken and I expect a retracement until the resistance level.
Consider this idea a good opportunity to execute a short trade. In case of confirmation of bearish sentiment, I will execute this trade.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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7 Dimension Analysis For GBPNZD Yearly: The market is entrenched in a multi-year downtrend. Despite yearly structure breakouts, rejections from the CIP level have been consistent, indicating strong resistance. The failure to breach upper yearly resistance suggests substantial selling pressure. A post-breakout bearish buildup implies a high likelihood of further downside in the coming years.
Monthly: A shift from a bullish to a bearish character is evident. Strong resistance rejections, particularly marked by a classic doji in August 2023 within a blue-box-highlighted area, indicate significant downward potential. The momentum flow in August 2023 adds conviction to the bearish scenario.
Weekly: While the weekly chart shows some sideways movement, the current positioning lacks clarity. Further examination is required for a comprehensive view of the market dynamics.
😇7 Dimension Analysis
Time Frame: Daily
Swing Structure: Bearish
Structure Behavior: Choch 50%
Swing Move: Impulsive
Inducement: Done; high is confirmed
Pull Back: 1
Internal Structure: Bearish
Ext OB: Unmitigated
Resistance: Found at the FVG area, with demand formed and three proper IFC rejections.
Time Frame Confluence: Daily
Pattern
Chart Patterns: A rounding triple top within a green rectangle indicates a bearish breakout, signaling the end of the corrective move.
Candle Patterns: Inside, with a Harami on Friday close.
Volume
Fixed range volume indicates a strong seller presence.
Significant bearish volume is observed at the green rectangle.
During the cycle, only one bearish candle had a significant impact on price.
Momentum RSI
Zone: Sideways
Range shift: Not clear but oscillating between sideways to bearish.
Divergence: A hidden bullish divergence suggests the potential for short-term bullish momentum.
Overbought sold rejections count: 1, with a bullish divergence.
Volatility Bollinger Bands
The middle band is below, indicating a bearish trend.
Expansion suggests a short-term sideways zone.
Just finished a walking on the band.
Strength According to ROC
Values: -0.37 GBP vs. 3.5 NZD, indicating NZD's strength.
Sentiment
High selling sentiment according to all the studies.
✔️Entry Time Frame: H1
✅Entry TF Structure: Bearish
☑️Current Move: Impulsive is starting.
✔Support Resistance Base: Extreme supply area.
☑️Candles Behavior: Rally-based drop, Momentum.
☑️Trend Line Marked: Waiting for breakout.
💡Decision: Ready for sell
🚀Entry: 2.046
✋Stop Loss: 2.0602
🎯Take Profit: 1.9750
2nd If Internal Structure change also Exit 3rd trendline breakout, Fomo
😊Risk to Reward Ratio: 1:5
🕛Expected Duration: 15 days
SUMMARY:
The analysis reveals a strongly bearish sentiment in the market. The yearly and monthly perspectives provide a broader context, while the daily analysis points to an imminent impulsive move. The entry strategy aligns with the overall bearish outlook, with a clear risk-to-reward ratio and an expected duration of 15 days.
GBPNZD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we have the same scenario as on GBPAUD, we are bearish, so I am looking for short. I see price to go a little bit higher to fill the imbalance and then to reject from bearish order block + institutional big figure 2.05000.
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'Slow December' is a Myth.In this video I break down just two positions that shaped up last week on EURCAD and GBPNZD, both sells with a minimum return of 10% on both positions. Why is there always an industry gimmick of 'don't trade in December' when people have not even tested the data. Go back to December 2022, 2021, 2020, you will find positions in the market. Keep your focus on the task at hand and not on 'myths'.
GBPNZD Long Term Buying Trading IdeaHello Traders
In This Chart GBPNZD HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
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