GBPNZD forecast on daily**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 like i do, please write it in comment so we can manage the trade together.
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GWBFX
Gbpnzdlong
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 2.00168 where it could potentially react off and up to 1st resistance at 2.01154.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD Analysis: Price currently at a critical decision pointHi traders,
This pair has been in consolidation for the past one month and likely to make the next big move very soon.
It is following a rising trendline and has come to test it once again.
It is also currently at a strong support zone.
I see high likelihood of it to bounce and continue upwards.
Breakout of the trendline will invalidate the long idea. In case breakout occurs short the pair.
Let me know your views in the comments. Hit like if you agree with the idea.
GBPNZD NEXT POSSIBILITY MOVE.In the name of Allah, the Most Gracious, the Most Merciful.
GBPNZD has just formed a flag pattern in daily time frame there is more chances to move market
upside so in 4 Hrs Time frame are just Analysis the falling wedge pattern there is more probability
to move the market as per explain on the chart.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.99376 where it could potentially react off and up to 1st resistance at 2.01667.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
British pound flagging against New Zealand dollar
The British pound has gone back and forth during the trading session yet again on Tuesday, as the British pound in general has been trying to find its footing to go higher. With Brexit going on, it’s obvious that there are a lot of issues out there that could throw the British pound around. Against the New Zealand dollar, we are forming another flag, and that flag does of course suggest that we are going to go higher. The 50 day EMA is just below, and it should be noted that the market breaking above the 2.05 level opens up the idea of going towards the 2.15 NZD level.
We had recently seen the “golden cross” in this pair, and as the British pound has been showing signs of life against most currencies, it should be no different here either. At this point, it looks as if short-term pullbacks are buying opportunities as the market continues to find plenty of support, especially against the psychologically significant 2.00 NZD level. As soon as there is some type of clarity when it comes to Brexit or perhaps even just the elections in the United Kingdom, this market will probably go much higher as some type of certainty is the only thing the trader seem to care about at this point. In fact, it’s almost as if the result doesn’t matter, just that traders know what they will be dealing with next. At this point, look for value and taken advantage of it as it shows itself being available. On a break above the 2.05 NZD level, I would not only be long of this market, but aggressively so, adding every 100 pips in small increments on the way to the 2.15 NZD level. If the market was to turn around and wipe out the flag down at the 1.93 NZ level, then one would have to think something catastrophic would be coming.