ANALYSIS ON GBPNZDANALYSIS ON GBPNZD
Welcome to my analysis
-
4HR CHart
-
Interesting Point of interest In the GBPNZD pair.
- Price above 200 day EMA.
- Expecting price drop before we go for the buy.
- Watch top for sell.
- expecting move to around 2.04500.
- STOCH RSI showing bearish divergence on other time frames
Gbpnzdsell
MAJOR REJECTION ( Head and Shoulders) | GBPNZDAs our overall analysis on the Daily is a Head and Shoulders, thus the market is rejection the Major Resistance meaning a loss of momentum for buyers
- We look for retraces to Sell and go long as it made a minor Head and Shoulders on 1HR
- Patience as we wait for the drop
Potential Head and Shoulders | GBPNZDThe market is in an interesting area where it can either lose momentum or consolidate before going to the downside
- Daily chart we see a form of Head and Shoulders [/b
- Our analysis isn't complete until we wait for the daily candle to close
- I will be updating with detailed Analysis
GBPNZD SHORTAs you can see I am patiently waiting for a breakout confirmation to the down side. refer back to July 19 2019 for a similar chart pattern.
wait for a breakout below the yellow support zone which will then become the new resistance zone for a short position.
Target is at the 261.80% fib level.
may take up 2-4 wk for everything to play out.
Good Luck.
GBPNZD SELL TRADE OPPURTUNITYGBPNZD Right now have found a head & Shoulder pattern break not yet confirm.
We need to wait until Market break the neckline.
We have Found Uptrend Line on Monthly Time zone.
In Weekly Time we have seen Swing Change.
And in Daily Time frame we have seen Head & Shoulder Pattern.
When to Take tra de.
Wait until market break the neckline.
use proper RISK Management Strategy.
IT IS HIGHLY RECOMMENDED TO FOLLOW THIS RISK MANAGEMENT STRATEGY.
$100 -$1k = 0.01 to 0.02 (Max 3 trades)
$1.5k -$2k = 0.03 to 0.05 lot (Max 3 trades)
$3k = 0.10 lot (Max 4 trades)
$4k = 0.20 lot (Max 3 trades)
$5k = 0.25 lot (Max 4 trades)
HOW TO TRADE ON OUR SIGNALS.
As We Explain above you use that lot size what ever Capital you have.
Let Say for example you have 4000 Dollars Capital.
We Posted Trade which have 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Order.
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.
3st Trade 0.05 Lot : Stop loss Same >> Take profit will set to Third target.
4th Trade 0.05 Lot : Stop loss Same >> Take profit will set to fourth target.
Let Say if 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.
Just Follow this Rule Insha Allah You will be in Profit.
Thanks Me later
Adil khan
Technical analysis on GBPNZD ,Long and ShortHello traders. i have made analysis on GBPNZD ,daily chart. I see it forming a head and shoulder pattern ,im currently in a long position till the resistance at: 2.00000 , then i will take a longterm short , TP: 1.85000. Kindly share your take on this.Happy Trading
GBPNZD Elliot Wave AnalysisAs you can see from the chart, GBPNZD has broken below a daily support zone impulsively. Price is expected to retest this level that lined up with mean value + 50% Fib as resistance in wave "b". Once the corrective wave b is completed, it will give us the chance to go short in wave "c" of (y) of B.
The correction might extend higher but must not trade above the invalidation level for this setup to remain valid.
Still Sell on Rally, 500pips Target for GBPNZDThe rally that broken the bearish trendline on GBPNZD last October is weakening and pointing to retest the broken resistance trendline. Sell order can be entered at 1.9500 and set a TP at 1.9000. SL can be placed at 1.9700. Until then, we will revalidate if this trade idea will hold through.
GBPNZD Sell on retestHi traders,
Sell this pair if it retests the broken support structure turned into support; if it does not, then you can now sell 50% of your position and enter another 50% if it goes up and retests the entry-level, with the same stop loss and same take profit levels as indicated below; however, If it goes well as usual, then we are all happy, otherwise, it is nice to try to defeat the market:
GBPNZD Sell at 1.97330 (50% Risk)
Re-enter sell at 1.9900 (50% Risk)
Stop Loss at 2.0240
Take Profit at 1.9050
Good luck,
GBPNZD MARKET STRUCTURE + ELLIOT WAVE SUGGESTING A SELL-OFFThe market structure of GBPNZD shows how the price breakout of major ascending trendline and support zone. Price is currently retesting the broken levels that lined up with a descending trendline. Price has the potential to decline from or near the current market price.
Elliot wave also shows a series of 1-2, (i)-(ii) sequence which could mean a rapid sell-off should be expected.
What's your thought on GBPNZD?
Best of luck on the chart!
Veejahbee.