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Gbpnzdsell

GBP/NZD 4HR CHART SELL SET UPHi TRADERS this is my trade set up for the GBP/NZD for the new week ahead GBP/NZD I see the new strain of covid has hit the UK and I feel NEW ZEALAND have corona virus under control, and the GBP has had a good run against the NZD, I feel like that run has started to come too a end now i am expecting a pullback to the order block zone and will be looking for a sell trade look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
Short
by Costy13
2
GBPNZD; Time to SELLHey traders, GBPNZD is currently very volatile such that there was no clear price action that we could lean on to enter the market. However, we currently see the price reacting as soon as it returned to a daily resistance zone which was previously a support zone. With this price reaction on the zone, it does not mean that we jump to sell the market right away. We need to wait for confirmation of bearish momentum as the current momentum is still bullish. Therefore to sell the market, I'll wait for a clear breakout of the trendline and look for short entry in the lower timeframes. if the above conditions are not met, the setup will be invalid
Short
by Erady_Pascal
2
GBPNZD Short As we can see, GBPNZD broke the lower trendline of a bullish channel on the daily time frame, There was a retest on the previous support level , we expecting a bearish continuation. Those with smaller accounts might have to wait for the market to break the lower trendline before placing any trades. Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like, follow and share for more useful content
Short
by Pro-Trading-Africa
💡Don't miss the great sell opportunity in GBPNZDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.9676). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPNZD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 30. Take Profits: TP1= @ 1.9571 TP2= @ 1.9471 TP3= @ 1.9327 TP4= @ 1.9171 TP5= @ 1.9004 SL: Break Above R2 ❤️ 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 ❤️
Short
by ForecastCity
5