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Gbpnzdforecast

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
by ng4312
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 💟
Long
by forex_academy07
5
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
Short
by Erady_Pascal
2