Gbpnzdlong
CAN BULLS TAKE CONTROL OF GBPNZD?Bears recently drove prices from a peak high around 2.0 to 1.93, breaking the uptrend support and subsequently an acting support around 1.96. Within the coming weeks, we expect a retest of the broken structure from either one of the zones highlighted in the chart. Trading is reactive not predictive, use proper risk management and be aware of liquidity hunts.
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GBPNZD Swing Long (Higher Timeframe Analysis)If you like this idea, like it and follow me for more.
Colour key: Blue = monthly, Pink = weekly, Grey = daily/4H/1H
If you look at GN on monthly/weekly, you can clearly see it's in an uptrend. I've drawn out multiple supply and demand zones, as well as key levels, from the higher timeframes (see the colour key). I believe we may see a drop to the second-to-bottom blue zone before price reacts to it and flies upwards. My two targets will be the two pink zones above the entry point. I believe price should make it's way up to the first pink zone before a minor correction and ultimately heading further upwards.
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a simple although risky long setupGBPNZD has experienced drama downfall in the past few days, I expect a correction needed in the current falling wedge alike channel.
it attempted to reach 1.9487 and bounced back up in multiple occasions in the past few hours, which make it a valid support considering it was also strong demand area in the past.
SL: below 1.9487
TP: fib based
RISKY. and I only put a small lot size in. You can consider a lower SL if you believe price will go higher instead of falling further.
GL
GBPNZD on the way moving upI entered a bit late, however the SL should provide some support and finger cross it not be hit. :)
GBPNZD has been lingering around it's weekly base trend line and starting upward move having tested the lows and didn't manage to break below 1.97
I consider this a risky setup so do manage your risk if you agree what I see.
SL: below 1.9744 --> 1.974 is a better setup to be honest. But since I did set it at 1.9744 I'll let it be....
TP: Fib based, NOTE: 1.979 is an important point to either TP or trailing.
GL
GBPNZD signal (LONG)Hello friends.
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Everything on the chart.
open pos: market
target: ±1.978
stop: ~1.96 (depending of ur risk). ALWAYS follow ur RM .
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GBP/NZD:UPTREND|FIBO PRICE ACTION ANALYSIS+DIVERGENCES|LONG 🔔Previous Idea in Take profit....
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GBP_NZD_4H_LongThe long position is taken – 4H -Daily timeframe I checked and last day candle barriers are HL and HH, in 4H also I see the start of a movement from a 4H demand zone, although price broke an ascending channel it was above a fat ascending komu. Also in lower timeframes, I see HL and HH. I enter the long position and the TP is last week High.
R/R = 1:1.1
going back upGBPNZD is dancing at the lower end of uptrend channel at the moment, if no meltdown happens today from the UK data and news, I expect it going back up.
SL: below the trend line, you can move it even lower if equity allows. I believe I've given enough - if it goes lower, loss is acceptable.
TP: Fib based, depending on the news, it can go higher if not going other direction.
GL
gbpnzd longgbpnzd buy :
Reasons :
there are many support levels here,but market is going in a nice upward trend ,but it can retest and we cant be sure at which particular point it does retest,as there are 2 levels ,
so my best guess is that wait for the 2nd retest too and if it doesnt go there then we can place an uptrend
take profit will be the above support level which is gave
GBPNZD TO FINALLY PUSH?We are still waiting patiently, watching the corrective movement of this pair.
Price is still retesting the level and showing bullish signs.
We keep our eyes focused so as to not miss the push when it comes.
With some more rejections at the level, we could see continuation sides to this uptrend.