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Gbpnzdlong

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 comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
GBPNZD AnalysisWe just formed a bullish flag on the daily and broke above it and price seems to be wanting to move up higher. We also have a major area of resistance which will be our first target and where we should see a retracement before the continuation to the upside. From a COT data we have a very strong GBP during the past two weeks against a pretty steady NZD so we expect to see this move with higher probabilities. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
Long
by TheDayzen
1
GBPNZD BUYS Week C/O 22/02/21in the coming week look for some consolidation within the 1.913 Zone, looks like there's some major support and resistance in this area. Clear uptrend in the daily Time frame but watching the weekly GBPNZD had been quite bearish, looking for some major breakouts as GBP has had some great bullish momentum last week which has allowed it to break out of its previous bearish price action coming for a clear break and retest ofthe daily price action look for some consolidation before confirming
Long
by jacobsonmez
GBPNZD approaching first support, potential for a bounce! Price is approaching our 1st support, in line with our 61.8% Fibonacci retracement, 100%, 61.8% Fibonacci extension and horizontal pullback support. We could potentially see a bounce and further upside towards our 1st resistance at 1.94184, in line with our 50% Fibonacci extension and horizontal swing high resistance. Price is also holding above the Ichimoku cloud, showing bullish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
1
GBPNZD, daily tf, 10-months descending trendline breakout (2)Hello my friends, I posted about this position at February 9th when i took buy positions. Price now reaching an area of conflunce resistance consisting of horizontal resistance and EMA-200. I've decided to closed my buy here first and booked +280 pips profit. I will be looking to reenter buy again later if price managed to close above 1.9330 on a daily candle. My GBPAUD also now floating +100 pips and i am still holding. I am planning to take profit once price reached 1.80xx area. IF you took both trades with me, you should be in profit as well
Long
by HayatoDragonFX
1
GBP/NZD Breaking OutThis now looks to be breaking above resistance. I said this was happening a couple of days ago but I jumped the gun slightly, hopefully if you opened the trade then you are still in. Now want to see this stabilise above resistance and possibly retrace to test it as support. If you are not in this trade then I suggest waiting for a retrace to support before longing. Could see some resistance at 1.93237, but target is 1.98013 Providing we see this close above resistance and support holding on a retrace then SL can be around 1.90600
Long
by olly48
1
GBPNZD, daily tf, 10-months descending trendline breakoutHello my friends, Another pair to trade for today is GBPNZD. You can see price finally broken above the 10-months descending trend line which has acted as resistance. This could become the beginning for GBPNZD to begin it's journey to the upside. On the way up, i will look to add more position as price making a continuation pattern. Buy GBPNZD 1.9050 Stop loss 1.8850 Take profit 2.0270 (6.1R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1