GBPNZD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
Gbpnzdidea
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.
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Enclavefx technical group
GBPNZD is trading in a downtrend channelGBPNZD
From August 25 this pair has started the downward journey in the channel.
And the trend line is touched thrive and holding as the resistance for the bullish.
After the price reached below the 61.8% Fibonacci retracement broadly it’s touched the 1.97000 psychological level and retested the support zone which is a Previous month’s low 1.97480.
This level will act as the support for the bearish. The first target will be 1.95100 level.
In Elliott wave analysis this pair is going to complete the major wave of 5. Stop lose may place above the minor wave of 02.
On fundamental side the brexit headlines will makes this pair more volatile. And the reserve Bank of New Zealand has recently insisted that they don’t care about the foreign exchange rates. The number of COVID-19 cases are in declining phase this improve the overall economic condition of New Zealand
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GBP/NZD Technical Analysis
The counter has formed a topping out formation in the near-term.
It made a double top and has broken a key support level of 1.99508.
Further, the round number of 2.00 can act as a psychological barrier in the near-term.
Though a pullback to the top cannot be ruled out, we still expect the pair to be bearish in the near-term.
GBPNZD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPNZD buying zone !!!hello friends as we had since gain more then 2k pips on this pair
and now we are planing for more green pips soon this will come to
out buying area zone and we will buy this pair with a small risk
and higher rewards
we appreciate ur likes and comments
follow us for more updates
GBPNZD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPNZD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX