Gbpnzdforecast
Buy GBP/NZD after the WeekendThere are several reasons why I have decided to buy this pair now.
# Daily Chart Horizontal & Pitchfork Support.
# Daily, 4Hr, 2Hr Chart MACD Hidden Bullish Divergence.
# Daily, 4Hr, 2Hr Chart Stochastic RSI "Over-Sold"
# 2 Hr Chart Harmonic Pattern Support.
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GBP/NZD Shorting OpportunityReasons:
Bearish Head & Shoulders @ Confluence of Resistance in higher time-frames.
Stoch RSI is now "Over Sold", so a pull-back is needed for further bearish continuation.
Past support should become future resistance and here we get a 61.8% Fibonacci retracement level as confluence.
Trade Safe. :)
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GBP/NZD, H4 CHART, M240 CHART, LONG (11-DEC-2016)Note:
Potential Trading in the Range
In H4 chart, it is quite bearish recently and
GBP/NZD move up and touched the 20-EMA.
We see a possibility that the price might drop
further to the support zone.
If this scenario happen, we will wait another
bullish signal around support zone to call for a BUY :)
Caution: BOE's official bank rate on Thursday which might change the direction of this trade :)
GBP/NZD, 240 CHART, H4 CHART, LONGFinally, GBP/NZD pair breaks the resistance zone strongly.
In H4 Chart, there is a corrective pullback sit well on the previsous resistance zone.
It will be a great trade to long when there is a strong bullish bar appears as a signal to entry :)
It will be a less risk with huge potential return trade :)
GBP/NZD, DAY CHART, LONG (27-NOV-2016)We are still bullish for GBP/NZD.
After 3 white soldiers, we see a consolidation pattern formed near the support zone.
It might accumulating more pressure to break this support zone.
Once, the support zone was broken strongly by bullish trend bar.
It will be good chance to long.
Alternatively, need to wait weak pull back and long again.
Trade safely with proper risk management skill