Gbpnzdforecast
GBPNZD 300 pips drop was expected Will it broke 1.90000 ?GBPNZD
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ Price around 78.65 Fibonacci
2️⃣Trading within a converging trend lines
3️⃣ positive risk sentiment, Positive brexit talks, Vaccine news
4️⃣ 1.93000 Dynamic support and resistance
5️⃣ 1.98000 acted as strong resistance-Key psychological level
6️⃣ 1.90000 will Acted as strong support
7️⃣ Technical support - bearish
8️⃣1 .90800 will acted as key reversal-bearish
9️⃣ September low-Immediate resistance-Alternative bullish entry
🔟 Possible swing target-1.87400 lower trendline
#️⃣ Overall bearish trend-Within converging triangle pattern
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📉 Technical bias-H4-Bearish
Price is below 50,100,200 Exponential moving average
50,200 Exponential moving average will act as support-Bear
Relative strength index - Felled below 50 - Bearish trend
MACD -Turned red and felled below the signal line, Oscillators pointing downward
Stochastic - Reached around 30- oversold condition will give a short term pull back expected
Ichimoku cloud -cloud is still red-Middle line supports bearish trend
Bollinger band- Price reached around the lower band-Short term bullish correction towards middle band
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Key reversal area's
1.98000 psychological level
1.95630 Point of control area Volume analysis
1.98050 Oct month high
1.93100 78.6% Fibonacci retracement level
1.94000 Major psychological level
1.92600 Possible entry- Bear
1.87500 Trendline resistance/Alternative bullish entry
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Bearish entry #pound #gbpnzd
Entry price - 1.92600
Take profit 01 - 1.90800
Take profit 02 - 1.87500
🚫 Stop lose 1.93680
⬇️2.68% Drop expected
⤴️ Account growth .57: 2.68
✅ Risk reward ratio 1 : 4.7
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GBPNZD - Full Analysis Breakdown. Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on GBPNZD if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
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Alpha Trading Group.
GBPNZD IdeaScenario 1
- Break of ranging market and continue to the upside. Potential long term target could be 2.00900.
Scenario 2
- Continue of a ranging market / consolidation period (DO NOT TRADE THIS).
Scenario 3
- Move to the downside and a break of the support level. Potential target would be 1.91270.
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
GBPNZD H1. This Analysis Based On Price Action Theory.We Have an Analysis Of GBPNZD H1. This Analysis Based On Price Action Theory.
According to Multiple Analysis, We Can See That the Market has a Bullish Direction but the market rejected the price from the resistance level Even those market bullish because the market also retests the trend line so on behalf of this we have a target (resistance) level @1.961470 & @1.969780
For More Confirmation, You can see that Bollinger Bands, Fib Retracement & Super Trend The all are reflected Market Bullish Pattern
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
Enclavefx technical group
GBP/NZD SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Notice:
Obviously a very risky trade!
I personally see a chance of a retracement after retesting the area of PoC and trendline of the previous up-trend.
I am personally a fan of risk so I will take that one with a lot lotsize.
Moves like that can quickly retrace as scalp- & daytraders tend to save profits.
Please stay out if you have a lower risk-aversion as this trade is a high-risk-trade.
GBP/NZD: Daytrade-Preparation
Market-Sell-Order: 1,95000
Stop-Loss: 1,956000
Target 1: 1,94040
Target 2: 1,93315
Target 3: 1,92170
Target for One-Target-Trader: 1,94040
Stop-Loss: 100 pips
Risk: 0,5% - 1%
Risk-Reward: 2,84
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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