Gbpnzdsell
UPDATE: 465+PIPS IN PROFIT FROM ENTRY ON GBPNZDWe are currently more than 465+ pips in profit on this position from our entry. i have attached the initial analysis below.
Analysis for this trade was pretty simple and straight forward. Entry was marked using Fibonacci retracment at 50% of the previous bearish move.
I want to point out some other factors that are key to your success as a trader,
1. Keep your analysis plain and simple, you will not find consistency by trying to use a lot of tools, you will only contradict yourself
2. Always calculate your risk on a trade and use a stop loss, you will not lose sleep knowing you could lose 2% on a trade but you sure will lose sleep not knowing how much you're going to lose on a trade
3. Learn, understand and apply the concept of risk to reward ratios. And always trade with a healthy risk to reward ratio
4. Trust your trade and whole heatedly accept the fact that every single trade you take has potential to be loser and hit your SL
These factors are a few of many but you have to start somewhere. start applying them if you want to see a change.
POTENTIAL SHORT AFTER PULLBACK ON GBPNZD Price has fast approached our marked level of support. This set up is showing the potential to retrace at least 50% of the bearish move before advancing lower. Entry, stop loss and take profit have been marked.
Do not risk more than 2% on this date.
FURTHER POTENTIAL SELLING ON GBPNZDAs marked up previously this pair is showing selling potential. I have re-adjusted to current price action. GBPNZD Currently is at a point of Resistance where we could potentially see price move bearish to meet our target levels.
Entry, take profit level and stop loss has been marked, Do not risk more then 2% on this trade.
GBPNZD CLEAR BEARISH CONTINUATIONit clear forming LH LL
MONDAY, 18th May 2020
#GBPNZD SELL
ENTRY = NOW 2.03200
SL = 2.04200 (-100 PIPS)
TP = 1.98100 (+500 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
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.
