Gbpnzdsell
GBPNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPNZD | BOTTOM OUT?GBPNZD has been in strong bearish trend from the late January of this year. It is trading at important support zone which were reactive in the past (as highlighted in the chart). We are expecting the same from the support as bullish divergence is printed on the chart as well.
Alternatively, breaking below the support will add more pressure in the pair and price can drop to further lows.
Play your levels accordingly.
GBP/NZD Full Analysis And 2 Setups Available In This Video !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPNZD hrly short | algo tradingGBPNZD hrly short
⚠️ impactful news
Shortstop @ 1.92369
TP #1 @ 1.91830 71.11% wr
TP #2 @ 1.91230 53.33% wr
SL @ swing high 1.93420 22.22% hr
WR & HR determined from past trades on this pair, on this timeframe.
More trades like this on my profile and on bifrost trades
GBPNZD SHORTBy looking at the price action, its easy to see that the pair has been moving in a bullish direction for several days, since early November 2021 to be exact.
Current price action shows an indication of potential market exhaust which could result in a bearish short term correction. Looking at the daily chart
we see 3 potential confluences/reasons which is in line with our directional basis on the pair. A Double Top pattern formation, followed by a trendline breakout and
key level breakout which signals a change in market structure from bullish to bearish. We will be looking to enter on the rest of this key level and expect price to spike up sharply before
a continuing to the downside. Risk Reward of this particular trade currently stands at 8.76:1.
GBPNZD ShortPrice has been bullish for several days. We have spotted the first signs of price exhaustion which signals a potential bearish correction.
We currently are waiting for price to create and intraday bullish correction and enter on the retest of the higher time frame key level before entering short.
Risk Reward for the trade is a potential 7.28 to 1.
Lets keep our charts simple as less is more.
GBP/NZD Moving In Sideways, BUY And Sell Setups Valid Until B O This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions