Gbpnzdforecast
GBP/NZD Breaking OutThis now looks to be breaking above resistance. I said this was happening a couple of days ago but I jumped the gun slightly, hopefully if you opened the trade then you are still in. Now want to see this stabilise above resistance and possibly retrace to test it as support. If you are not in this trade then I suggest waiting for a retrace to support before longing.
Could see some resistance at 1.93237, but target is 1.98013
Providing we see this close above resistance and support holding on a retrace then SL can be around 1.90600
GBP/NZD - £ Has MomentumGBP is looking very strong and I expect it to push higher. Price on this is currently at resistance but with the momentum this should go straight through it. I have set 2 take profits as I am ultimately aiming for TP 2 but TP 1 allows for exiting the trade and re-entering after a retracement.
SELL SELL SELLHello team, price has been moving in perfect waves. we have an indecision candle showing up that bulls have potentially run out of momentum. looking for sell all the way down to demand.
GBPNZD - Resistance WipeIf you look to the arrow marked you will notice a purge of support, we are now looking to purge the resistance.
ideally, I would like to see a slight pullback to the most recent structure before upside continuation to the liquidity.
GBP/NZD Should See a RetraceAfter yesterdays Bank of England announcements all GBP pairs have spiked upwards. I would expect a retrace on this soon before generally continuing upwards. I am bullish on GBP in the long term but there should be some short term shorting opportunities coming. This is also at a big monthly and daily resistance level which should make a drop more likely, and at the moment risk off currencies are very strong (NZD, AUD, CAD). Im looking for a TP at 0.5 Fibonacci, although you can also target 0.618 which would complete the neckline of structure (as highlighted in green)
TP - 1.90205
SL - 1.92050
GBPNZD, Strong Price Rejection, LongGBPNZD, Strong Price Rejection due to strong significant Support!
GBPNZD Swing Buy Plan, Entry details on the chartHey traders, here is the analysis for the GBPNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBPNZD / SHORTPrice appears to be retesting resistance, once price enters that zone i will be looking to short this pair
GBPNZD - buy zone Preconditions:
- accumulation
- key level
- false break out
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GBPNZD Short (Sell) Trade Setup IdeaGBPNZD is quite interesting as there is no strong structure levels before 1.87. There was a support ledge which has failed to hold and we can now see price failing to the downside.
GBPNZD-- Lets Going Buy __ Don't Miss ThisDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management.
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GBPNZD 15M TimeFrame Powerful ForecastAs we can see we are inside a consolidation zone. Inside in this area we have noticed that we have formed a strong trendline that represents support, and we have broken this support after 7 hours of trying.
Now we will wait for the retest of this Support which is now resistance and again the Bearish movement until the touch of our Target.
GBPNZD 3rd TL TEST As we can see upper trendline channel, resistence level etc. so we are expecting a reversal near resistence.
GBPNZD, Respecting two strong trend line, LongGBPNZD, Respecting two strong trend line and retesting strong Support! Watch out Friends!
GBPNZD TL RETESTAs we can see near resistence level MARKET is making a divergence for bearish movement.
If market confirm its Divergence then we fill find a short term bearish movement in this PAIR.
after this we will fine a reversal move for bullish trend near its support and TL
GBPNZD (REACT DONT PREDICT)GBPNZD has already tested the strong level of support form the weekly perspective so we anticipate price to shoot up, now going down on the h4 time frame we can see a break of structure for potential upside movement ( BUYING AFTER RETEST) But before that GBPNZD has also give us a sell setup because it is on the Trendline RESISTANCE Let's eat the pips
GBPNZD ( LET'S KILL THE BROKERS)GBPNZD LOOKING FOR BUYING BECAUSE THE MARKET HAS REJECTED THE SUPPORT
