Gbpnzdsell
GBP/NZD SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Notice:
Obviously a very risky trade!
I personally see a chance of a retracement after retesting the area of PoC and trendline of the previous up-trend.
I am personally a fan of risk so I will take that one with a lot lotsize.
Moves like that can quickly retrace as scalp- & daytraders tend to save profits.
Please stay out if you have a lower risk-aversion as this trade is a high-risk-trade.
GBP/NZD: Daytrade-Preparation
Market-Sell-Order: 1,95000
Stop-Loss: 1,956000
Target 1: 1,94040
Target 2: 1,93315
Target 3: 1,92170
Target for One-Target-Trader: 1,94040
Stop-Loss: 100 pips
Risk: 0,5% - 1%
Risk-Reward: 2,84
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Peace and good trades
Irasor
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Any questions? PM me. :-)
GBPNZD - SWING - 01. OCTO. 2020Welcome to our weekly trade setup ( GBPNZD )!
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1 HOUR
Very bearish price action and price selloff.
4 HOUR
Expecting prices to push further downside, good short entries!
DAILY
Overall market turned bearish again, following midterm trend.
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FOREX SWING
SELL GBPNZD
ENTRY LEVEL @ 1.93800
SL @ 1.95550
TP @ 1.91150
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPNZD is trading in a downtrend channelGBPNZD
From August 25 this pair has started the downward journey in the channel.
And the trend line is touched thrive and holding as the resistance for the bullish.
After the price reached below the 61.8% Fibonacci retracement broadly it’s touched the 1.97000 psychological level and retested the support zone which is a Previous month’s low 1.97480.
This level will act as the support for the bearish. The first target will be 1.95100 level.
In Elliott wave analysis this pair is going to complete the major wave of 5. Stop lose may place above the minor wave of 02.
On fundamental side the brexit headlines will makes this pair more volatile. And the reserve Bank of New Zealand has recently insisted that they don’t care about the foreign exchange rates. The number of COVID-19 cases are in declining phase this improve the overall economic condition of New Zealand
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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
GBP/NZD SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
GBP/NZD: Day-Swingtrade-Execution
Market-Sell-Order: 1,96740
Stop-Loss: 1,98710
Target 1: 1,94770
Target 2: 1,93150
Target 3: 1,91450
Stop-Loss: 197 pips
Risk: 0,5% - 1%
Risk-Reward: 2,70
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
GBPNZD, 4hr timeframe, Sell on retest of resistance areaHello my friends,
GBPNZD currently very interesting as price broken below the short term trend line.
Also noticed that the last 2 candles on this chart looks like a bearish pinbar / shooting star candle.
I tried selling GBPNZD on the retest of broken zone of previous double top pattern.
Sell GBPNZD 1.9960
Stop loss 2.0035
Take profit 1 @ 1.9860
Take profit 2 @ 1.9770
Use proper risk management
Only risk 1-2% of your equity
Moved SL to entry once price touched TP1
Good luck
GBP/NZD Technical Analysis
The counter has formed a topping out formation in the near-term.
It made a double top and has broken a key support level of 1.99508.
Further, the round number of 2.00 can act as a psychological barrier in the near-term.
Though a pullback to the top cannot be ruled out, we still expect the pair to be bearish in the near-term.