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Gbpnzdlong

GBPNZD Long - Inverted H&S as well as Cup & Handle formationLast week GBPNZD closed above 1.97 neckline of an inverted Head & Shoulder as well as Cup & handle formation.(Watch the weekly close). Price is very bullish on both monthly & weekly. Initiated a long at 1.9725 and SL below 1.96. Will add to the position. See the updated 4 hourly Chart below. Measured target profit is 2.1 (YES, you read is correct and its over 1000 pips). However, strong resistance at 2.038 and worth taking some profit there. Good luck.
Long
by Simply4ex
1
GBP/NZD Potential Upward Movement 🚀 Technical Analysis: The price left a double bottom which indicates a reversal, the market moved to the upside in an aggressive way. It managed to break the daily resistance (now support). A lower correction might be seen to the highlighted zone before another rally. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 1.9682 Take Profit @ 1.9755 Stop Loss @ 1.9646 Trade Safely 🙂
Long
by Forex-Robot-Nation
GBPNZD approaching ascending trendline! Potential for a bounce!Price is facing bullish pressure as it continues to hold above the ascending trendline and Ichimoku cloud support, in line with our bullish bias. We could potentially see a bounce at 1st support, which is in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support, and further upside towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
GBP/NZD Potential Upward Movement 🚀 Technical Analysis: The price was trending to the upside before posting a correction count. This correction is made by a wedge formation that coincides with a strong support around the 1.9660 USD mark. This could lead to a rally toward our designated target profit. ------------------------------------------------------------------------------------- Trade Idea: Buy Market Order @ 1.9668 Take Profit @ 1.9749 Stop Loss @ 1.9630 Trade Safely 🙂
Long
by Forex-Robot-Nation
💡Don't miss the great buy opportunity in GBPNZDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.9485). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPNZD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 1.9600 TP2= @ 1.9660 TP3= @ 1.9750 TP4= @ 1.9820 TP5= @ 1.9980 SL= Break below S3 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
2
💡Don't miss the great buy opportunity in GBPNZDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.9485). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPNZD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 1.9600 TP2= @ 1.9660 TP3= @ 1.9750 TP4= @ 1.9820 TP5= @ 1.9980 SL= Break below S3 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
9