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Gbpnzdlong

GBPNZD | Consolidation | Next Move ?GBPNZD has been in good bullish trend. It is following trendline by its heart. Currently, price is consolidating in a box (distribution likely). Price can follow two senarios from here; a) Bearish: The consolidation is likely to be distribution and expect bears to be active from here. If price manages to break rising trendline then bears will take price to atleast 2 b) Bullish: The consolidation after taking support from falling trendline, may rise to new highs. Trade your levels accordingly.
by JustTradeSignals
1
Potential Butterfly 🦋 (SWING)GBP/NZD - Nice potential Butterfly pattern forming with strong bullish momentum. We've had multiple BOS with price rejecting from the 0.618 from the last retracement. (I'm using the fib extension here for profit targets) The 1.618 lines up perfectly with a strong PRZ/D point of the butterfly. Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Long
by benalistarfx
GBPNZD Inverted ShampooGPNZD formed an inverted H&S, I already entered before making this analysis, but hopefully there will be another entry opportunity, because the stochastic momentum is already above 80, maybe the momentum can still go down a little and then continue to rise. This analysis is also supported by the fundamental strength of GBP itself which has raised interest rates, so I think this is a good opportunity. I use the ichimoku indicator too, but on this occasion I hide it so that the chart looks neat.
Long
by PictoPip
1
GBPNZD ON LONGGN have been on the upward movement since Nov 8th and it doesn't look like it will slow down soon, well according to my analysis though *smiles - Retested the RESISTANCE zone multiple times at 1.96000 and ended last week on the 4TF (3rd of December) with a bearish candle stick. - Price bounced off on the 50SMA on the 3rd signifying that the buyers are still in the zone. - Triple top pattern is forming right at 1.96000 causing a downward trend which will get to 1.95500, a bullish confirmation candle will propel the price further up the chain. This is my own personal analysis....always check before going into the market. Thanks
Long
by ayogunde
GbpnzdLooking for 340+ pips 💲💲 This is the chart of gbpnzd Reasons for take this trade 1 - it's gave channel pattern breakout 2 - it's completed ABC pattern 3 - fib retracement(very important) 4 - if we see long term chart then we easily can see first there was impulse then retest and now continuing impulse 5 - history repeating 6- index showing weakness Here are the reason to take this trade I hope I am succeed to give value and learning We will get better together with time 🥰🥰🥰 That's was my analysis Thank you 💟
Long
by forex_academy07
5
GBPNZD - bullish reversalHello all, GBPNZD has been falling for a quite long time in a bull flag pattern on 1D time frame. Now it has reached the support line for the 3rd time and also it is close to the structural support zone. Plus the double bottom pattern is forming on 4H time frame. Thus it is possible to enter the bullish reversal at the lowest possible point. However, it is quite risky trade. Disclaimer: Any risk related to trading this pair is solely on you. Please, think thoroughly before making a trading decision. Cheers!
Long
by Barysbyek