Gbpnzdlong
GBPNZD 90 PIPS 80% Accurate TradeThe Zone of 20.02871 has not yet been broken which means we can have a sell at this point for 90 pips straight with tp 20.1746 and fun part is it just re tested the zone on the last day just to make sure it will drop on Monday so just wait for the market to open and enter in sell
After trying out this signal come back and follow me and comment your'e experience
GBPNZD in buyers territory!!!!!! BuyGBPNZD in buyers territory!!!!!! Buy
On 4hr it has tested 100 sma and on daily it touched 20 ema... As far as it is closing daily candle above 20 ema.. it will head up but consolidation will remain intact..
So very near term target is 2.015 then towards 2.095.. Break of 2.036 will lead for new highs!!!!! It is now at old supports and at psychological level of 2.00..
Stop can be placed below old supports under 2.00
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.98139 where it could potentially react off and up to 1st resistance at 2.00959.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD SUPPORTThis is a good example of using support to your advantage when trading.
If you look at the two highlighted areas at support price created bullish engulfing candles.
It was a matter of time before price was going to take off.
Finally price slow down giving some consolidation this could be a potential entry for a buy.
Been able to secured an overall of 160 pips with only risking 30 pips.
This is just an example of how you can support or resistance and candlestick structures when you maybe unsure about a trade.
ANALYSIS ON GBPNZDANALYSIS ON GBPNZD
Welcome to my analysis
-
4HR CHart
-
Interesting Point of interest In the GBPNZD pair.
- Price above 200 day EMA.
- Expecting price drop before we go for the buy.
- Watch top for sell.
- expecting move to around 2.04500.
- STOCH RSI showing bearish divergence on other time frames
MAJOR REJECTION ( Head and Shoulders) | GBPNZDAs our overall analysis on the Daily is a Head and Shoulders, thus the market is rejection the Major Resistance meaning a loss of momentum for buyers
- We look for retraces to Sell and go long as it made a minor Head and Shoulders on 1HR
- Patience as we wait for the drop