POTENTIAL BEARISH MOVE ON GBPNZD Looking for a 50% retracement on this trade to enter at the grey line.
Entry - Grey line
Stop loss - Red line
Take profit - Green line
Risk exposure - 1%
Risk to reward - 1:2
Happy trading :)
Gbpnzdsell
Buy me a PINTSIMPLE SETUP, price is clearly in a downwards trend and our red box is a clear resistance zone that will also line up with price hitting our trend line....Go for it and treat me to a pint after you make profits.... make mine a strongbow ;p
GBPNZD - POSSIBLE BULL RUNFREE ANALYSIS ON GBPNZD. Possible bullish move about to unfold. BUY up
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Word of the day:
“You can’t use up creativity. The more you use, the more you have.” – Maya Angelou
ELLIOT WAVE: GBPNZD BEARS READY TO RESUMES A LONG-TERM DECLINEHi Traders,
The GBPNZD daily chart above revealed that the sell-off from the high at 2.0476 to the low at 1.8132 was an Elliot wave impulse structure, labelled 1-2-3-4-5. According to the theory, a three-wave correction in the opposite direction follows every impulse.
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The retracement after the impulse unfolded as a W-X-Y double three corrective structure with a simple zigzag in wave W & X, and double zigzag in wave Y. If this count is correct, the 5-3 wave cycle seems complete. The theory states that we can now expect the larger trend to resume in the direction of the impulsive sequence.
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Besides, wave (2) has already entered 78.6% Fibonacci levels, where second waves often terminate. Wave Y also equal wave W at the same level, typical relationship for a double zigzag. And last but not least, there is also a bearish rejection candle at the key resistance level.
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Wave (3) decline should easily move the prices below the low of wave (1) in the months ahead. A break below the blue ascending trendline will further confirm the bearish idea.
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Thanks for reading!
Veejahbee.
Short GBP/NZD Pullback, RSI OverboughtNow's looking like a good time to short the GBP/NZD pair as RSI (14) is indicating an overbought signal which confirms a pullback is bound to happen. Price should drop back to previous structure or even the tested trendline so we'll keep an eye out on these zones.
Trade Details :
SL : 1.9755
TP 1 : 1.9600
TP 2 : 1.9440
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GBP/NZD: Buy and Sell after Confirmation !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
GBPNZD Harmonic AB=CD Pattern Analysis and StrategyWe see the formation and completion of this AB=CD harmonic pattern on the 4 hr chart. Price action has also reached a major resistance zone at the completion of this pattern. The completion of this AB=CD pattern signaled us to take a short position with our take profits set on the green zones. OANDA:GBPNZD
Kiwi Fighting Back? - Ichimoku GBP/NZD Sell SetupThe Kiwi finally started showing some bite last week as this pair dropped down and through the kumo. I am looking to see if that trend will now continue. I would like to see a re-test of the kumo and a good rejection to enter a sell. If we can get that drawback and sell entry then we still have some good price structure to aim for down below. If we fail to get a drawback for a good entry, we could alternatively enter below the recent price structure lows should we piece that level as well. If we fail to fulfill either of those scenarios, this setup may become invalidated.
GBPNZD Strength DecreasingGBPNZD has printed a bearish rejection candle. There seems to be a slowdown in volatility. If price can break this trend line and retest it we will see price take back down to the previous low at 1.84000. If price continues its bullish momentum, price can potentially push up into the next zone between 1.97000- 1.98000.
www.slfxtrading.com
Gbpnzd Long Term Sell Rejecting the 61-fibo level + Bearish FlagWe expecting Gbpnzd Long Term bearish move start we see False break and reject the fibo 61.00 level and also bearish move
GBPNZD 4H CHANNEL! MAJOR ALERT!Price of GBPNZD has currently been travelling in an ascending channel. There is a minor support trendline marked out in a thinner black line inside the the channel. Price just recently broke below this line indicating a drop down to the bottom of the major channel like it previously has.
We sent this trade out to our FREE signal members on the entry of the chart! TALK ABOUT SWING TRADING!
#GBPNZD A simple signal...Excellent entry price because we are close to resistance and as long as the gbpnzd does not break the resistance or support we will try to earn as much as possible from the remaining gbpnzd in a certain range.
Sell GBPNZD:
Entry Price:1.9395
Take Profit: 1.9065
stop Loss:1.9470
GBPNZD Multi Harmonic Pattern Analysis and StrategyWe see the formation of a harmonic butterfly pattern (blue) and the completion of an ab=cd pattern on the 4 hr chart. The completion of the ab=cd pattern signaled us to sell the pair and our strategy is to trade the 4th leg of the butterfly pattern . Price action has already stated confirming our strategy since we initiated the position.
