GBP/NZD 4HR BUY SET UPHi TRADERS this is my trade set up for the GBP/NZD for the new week ahead
GBP/NZD I am expecting a rejection at strong support zone
look for a drop to order zone lined off on chart then if it meets your criteria for a trade then execute buy trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like comment and follow
Gbpnzdforecast
GBPNZD ShortPrice has been bullish for several days. We have spotted the first signs of price exhaustion which signals a potential bearish correction.
We currently are waiting for price to create and intraday bullish correction and enter on the retest of the higher time frame key level before entering short.
Risk Reward for the trade is a potential 7.28 to 1.
Lets keep our charts simple as less is more.
GBPNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBP/NZD Cup and Handle FormationGBP/NZD has completed the cup and handle formation on the 1D chart. The pattern would become stronger if it continues trading in this range for a few more days. It's currently on a strong resistance. It would be better to take an entry after the breakout. The target would 2.04 once it breaks out.
Thanks!
Best Regards,
Trae Like Pros.
GBPNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Watch for Short entryKeep a look out for potential Short entry on GBPNZD, looking for a break below this short multi-week trend
Key levels are as follows :
*2.0119 - 2.0152 - resistance zone
*1.9943 - previous higher lows, potential bouncing point for start of consolidation below trend or a reversal point back into trend
Observations for Bearish sentiment :
1 - Oscillators showing bearish divergence on starting from 30m to 4H.
2 - For now it looks like it is not ready to test the trend support, oscillators showing a reversal from oversold if that's your thing.
3 - Price action looks exhaustive and unable to continue above resistance zone, will see if this short term upside move (point 2) will break that
Trade plan :
1 - For now look out for formation of consolidation below trend , NO ENTRY FOR NOW
Will update accordingly
* price levels might differ based on the broker you are using, however the underlying principle is the same. If the target is the previous price high point, do adapt that level based on what you see on your broker's chart
GbpNzd- Where to buy for 2.0 target?From recent November's low under 1.9, the pair has reversed strongly and now is trading exactly in 1.9650 resistance
At this moment we can consider that a higher low is in place just under 1.94 and I expect a continuation to the upside for this pair, and 2.0 figure to be reached in medium-term.
Buy dips is my strategy for this pair and the ideal zone for a strong R:R is 1.95
A drop under 1.93 would negate this bullish scenario
GbpnzdLooking for 340+ pips 💲💲
This is the chart of gbpnzd
Reasons for take this trade
1 - it's gave channel pattern breakout
2 - it's completed ABC pattern
3 - fib retracement(very important)
4 - if we see long term chart then we easily can see first there was impulse then retest and now continuing impulse
5 - history repeating
6- index showing weakness
Here are the reason to take this trade I hope I am succeed to give value and learning
We will get better together with time 🥰🥰🥰
That's was my analysis
Thank you 💟
GBPNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPNZD; Time to SELLHey traders,
GBPNZD is currently very volatile such that there was no clear price action that we could lean on to enter the market. However, we currently see the price reacting as soon as it returned to a daily resistance zone which was previously a support zone.
With this price reaction on the zone, it does not mean that we jump to sell the market right away. We need to wait for confirmation of bearish momentum as the current momentum is still bullish.
Therefore to sell the market, I'll wait for a clear breakout of the trendline and look for short entry in the lower timeframes.
if the above conditions are not met, the setup will be invalid