Gbpnzdsell
GBP/NZD short-sell weekly chartGBP/NZD short-sell potential weekly chart overbought levels in rsi, bb, demarker
3:1 risk reward ratio 300 pips vs 900 pips high pennant resistance 2.100/ 2.0500 stop-loss, support low 1.900 target-profit
Economic calendar release for NZD RBNZ Interest rate decision 0.25% vs 0.25% and GDP for GBP (QoQ) -2.5% vs 0.0% (YoY) -2.1%vs 1.1%
Open Market in monday has potential (DCB) dead cat bounce 2.0420 oversold in demarker 30 mins - 4hr and trend continuation to downwards
GBPNZD SHORT (VERY LONG TERM IDEA)Leave your thoughts on this one guys, would like to hear your thoughts on an idea like this
GBPNZD SELLMONDAY, 4th May 2020
#GBPNZD SELL
ENTRY = NOW at 2.06600
SL = 2.07300 (-70 PIPS)
TP = 2.03000 (+350 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
GBPNZD LONG TERM SHORT SETUPAppears to be in a corrective pattern.
I am anticipating a sell.
I've added some notes to the chart on my analysis.
Double Top | GBPNZDWaiting for the Daily Support to break to the down side
Currently acting as a Double Top on Daily
Long
GBPNZD ShortI expect gbpnzd to pull back to the 0.236 fib area which will also be testing the daily uptrend, the 100D EMA and key support area.
You can also see a double top highlighted on the chart
Then ill wait to see if it respects the uptrend for 4th time or look for short positions if trend is broken, retested and bearish engulfing candle
GBPNZD trade setup for coming weekGUYS you can see my previous anlysis of gbpnzd it reached its buy target nut now gbpnzd is not in good position either to enter on buy or sell in current point according to my anlysis when market opens gbpnzd can move to buy around 40 to 80 pips and make a tail in a day candle you can than enter on sell with small lot and than move in sell direction and once it started sell day candle than its target will be 2.04918 it may take tuesday to hit its target so you can gain 300++ pips but remember use small lots and move sl to profit according to the trade until it reached its target.
GBPNZD ShortPulled back to the .078 region on the fib after the last bull run, i expect a bearish pullback to the 0.5 or 0.618; possibly continuing down to test the 4H uptrend (and/or) weekly uptrend before then going long
GBPNZD may fall today vey stronglyGBPNZD is looking for long sell due to lot of sell pressure building from few days.our strong sell are begins from 2.05400.Our 1st sell target will be 2.04300 which is highly possible to be achieved while after little retracement as metioned in chart analysis,it may goes for 2nd target which will be 2.03400.
GBPNZD Short! 1hrNote: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Follow (...)
Thank you and Happy trading.
GBPNZD Short! 4HrNote: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Follow (...)
Thank you and Happy trading.
GBPNZD trade setup for next weekGbpnzd is testing its very main resistance at 2.10773 there are 90% chances after testing this resistance gbpnzd will change its buy trend and make a new sell trend but wait to enter in the market until it test and start coming down again so that we will confirm that it will go down now .
GBP/NZDResistance not broken on H1 and there's an ascending channel on H1 but this most likely will be broken.
Also, we can see a Double Top forming after the retrace and this pair may go down for another 400-500 pips
