Gbpnzdlong
GbpNzd Long Term1Gbpnzd has been down about 2 months, it means we had big strength from nzd without any pullback.
Now nzdusd has reached super resistance and now it's reacting , it means if nzdusd is going short , gbpnzd its directly concerned from nzdusd pair and gbpnzd will go long.
We can find here a good position for long at :1.88000 with a stop loss at :1.87000 and profit target reward 1:6x2 at price 1.93500.
GBP/NZD update with good entry +250 pips- This is an educational content that will give you some ideas and also teach why and how to enter a trade with pure price action
Make sure you watch the price action closely in each analysis.
Note: This analysis is not an investment advice it will only give you some ideas on the charts.
GBPNZD LONG - Buy Entry - D1 ChartGBPNZD LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: GBPNZD
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
Resistance @ 2.02900
Resistance @ 1.97203
Pivot Point Yearly @ 1.94846
Resistance @ 1.91244
Support @ 1.88625
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GBPNZD LONG OPPORTUNITYMarket Structure is KING!
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Here is my analysis for GBPNZD for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next DEMAND area than look to go long.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND? Market structure will give you direction.
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
GBP/NZD 2 Long Entries After Confirmation To Get Easy 300 Pips This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
gbpnzd looking bullish here let me know what you guys think
looking like nzd will be weak again in the near/mid term outlook gn is at a nice area where we've respected some key areas
disclaimer - information shared is for educational and demo purposes only i realize i am 50-65% accurate with a normal to average risk off // risk/reward of 1/3 +