Gbpnzdforecast
GBPNZD Strength DecreasingGBPNZD has printed a bearish rejection candle. There seems to be a slowdown in volatility. If price can break this trend line and retest it we will see price take back down to the previous low at 1.84000. If price continues its bullish momentum, price can potentially push up into the next zone between 1.97000- 1.98000.
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GBPNZD 4H CHANNEL! MAJOR ALERT!Price of GBPNZD has currently been travelling in an ascending channel. There is a minor support trendline marked out in a thinner black line inside the the channel. Price just recently broke below this line indicating a drop down to the bottom of the major channel like it previously has.
We sent this trade out to our FREE signal members on the entry of the chart! TALK ABOUT SWING TRADING!
Possible 500 pip drop coming from GBPNZD, still in the worksPlease read the chart, everything is on there. We still need to let this play out, it is an idea at the moment.
We have an ABCD with a Harmonic inside of it, some would consider it a cypher, but I don't trade those, i consider them Sharks.
If we get a 5 wave up on this current bull run we are in, I'll begin looking to short.
I'm going to start posting more, I've been too busy trading lol! $$$$$$$$$$
If things play accordingly we might get a wick at the 1.13 and tap the 1.27, If the sell signal is triggered bear this in mind in case of a stop hunt or something.
#GBPNZD A simple signal...Excellent entry price because we are close to resistance and as long as the gbpnzd does not break the resistance or support we will try to earn as much as possible from the remaining gbpnzd in a certain range.
Sell GBPNZD:
Entry Price:1.9395
Take Profit: 1.9065
stop Loss:1.9470
#GBPNZD Prediction Next WeekAs can be seen from the graph above, there is strong resistance in 1.97, The pound has already tried twice to break this resistance without success, in our opinion he(#GBP) is going to try this resistance again for the third time, This is one of the reasons for our buying recommendation
Buy GBPNZD:
Take Profit: 1.9670
Stop Loss:1.9250