GBPNZD, 4hr tf, buy above the kumo cloudHello my friends,
Yesterday i take a buy position on GBPAUD and it is has already hit TP1. I already take partial profit on it and set remaining position on breakeven for a risk free position.
For today i am taking another buy position with GBP cross pairs. This time is GBPNZD.
Noticed that price above the green kumo cloud on 4hr tf and parabolic SAR below the price. So we will only look to buy as the pair are bullish on 4hr timeframe.
At 1.9570 there is some support that could hold price from going further down. There is a horizontal support and notice it is also the 61.8 fibonacci retracement of recent upward swing.
Buy GBPNZD 1.9570
Stop loss 1.9490
Take profit 1 at 1.9650
Take profit 2 at 1.9730
RR Ratio is 1 : 2
Use only 1-2% risk
Good luck
Gbpnzdbuy
GBP/NZD BUY 📈👋 Hello and welcome traders to another trade idea with Fobian
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👉 WE have Signal for BUY:
- Price get out off the triangle.
- MACD give us signal for BUY.
- We get involve in this trade.
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GBPNZD Sets To Complete Bullish Zigzag PatternSupport this analysis with your likes and comments!
GBPNZD 4-hourly chart above reveals what can be seen as a five-wave impulse pattern, labeled (1)-(2)-(3)-(4)-(5). According to the EW theory, impulses show the direction of the larger trend and a three-wave correction follows every impulse pattern.
In GBPNZD's case, the correction unfolded a (w)-(x)-(y) double zigzag pattern. The pullback seems to have completed as it rejected a swing level, contained with a channel, and drop bullish price action signals.
According to Elliot Wave's theory, once a 5-3 (impulse-corrective) cycle is completed , the market should resume in the direction of the impulse which is bullish in GBPNZD case.
The break of the green line will confirm that the bulls have takeover.
The red line is the invalidation level for this setup.
Targets above wave "a" high is plausible in the days ahead.
What's your view on GBPNZD? Let me know in the comment!
Thanks,
Veejahbee.
GBP/NZD BUY 📈FX:GBPNZD broke major downtrendline
Price is supported above support level at 1.9108
Above SMA 100
MACD shows bullish momentum
RSI is above level 50
It's expected for coming bullish wave to retest key level at 1.9630 which corresponds to 50% Fibonacci level
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COMMENT 💬
GBPNZD - SWING - 21. SEPT. 2020Welcome to our weekly trade setup ( GBPNZD )!
-
1 HOUR
Bullish pressure right now, good shortterm long setup!
4 HOUR
Overall sideways market structure in smaller tf.
DAILY
Expecting prices to push towards previous resistance zone.
-
FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.91860
SL @ 1.90810
TP @ 1.93480
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPNZD H4 Analysis Based On Price Action Theory.Dear Traders Today We Have Analysis Of GBPNZD H4. This Analysis Based On Price Action Theory.
According The Analysis We Can See That Market On The Support Level & Price Decline(Rejection) From Support . So Behalf On That. This is Right Time To Open Buy Trade Around @1.9226 With Control Volume Hold your Trade be patience achieve the Given Target🎯
I Request to All Before The Trade You Also Match You Analysis With As If Your Set up Match Then You Can Trade.
#GBPNZD Buy@1.9226
#Tp@1.9500
#Sl @1.9090
Notes- Please Take Only 2% Risk On Every Given Analysis That Means You Can Safe In Market Every Time
All The Best 🙏🏻
GBPNZD - SWING - 01. SEPT. 2020Welcome to our weekly trade setup ( GBPNZD )!
-
1 HOUR
Bullish market open and pressure.
4 HOUR
Price closed above main sr level.
DAILY
Expecting another push to the upside following midterm trend.
-
FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.98920
SL @ 1.97650
TP @ 2.00870
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN