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Gbpnzdsetup

Watch for Short entryKeep a look out for potential Short entry on GBPNZD, looking for a break below this short multi-week trend Key levels are as follows : *2.0119 - 2.0152 - resistance zone *1.9943 - previous higher lows, potential bouncing point for start of consolidation below trend or a reversal point back into trend Observations for Bearish sentiment : 1 - Oscillators showing bearish divergence on starting from 30m to 4H. 2 - For now it looks like it is not ready to test the trend support, oscillators showing a reversal from oversold if that's your thing. 3 - Price action looks exhaustive and unable to continue above resistance zone, will see if this short term upside move (point 2) will break that Trade plan : 1 - For now look out for formation of consolidation below trend , NO ENTRY FOR NOW Will update accordingly * price levels might differ based on the broker you are using, however the underlying principle is the same. If the target is the previous price high point, do adapt that level based on what you see on your broker's chart
by ng4312
GBPNZD Inverted ShampooGPNZD formed an inverted H&S, I already entered before making this analysis, but hopefully there will be another entry opportunity, because the stochastic momentum is already above 80, maybe the momentum can still go down a little and then continue to rise. This analysis is also supported by the fundamental strength of GBP itself which has raised interest rates, so I think this is a good opportunity. I use the ichimoku indicator too, but on this occasion I hide it so that the chart looks neat.
Long
by PictoPip
1
GbpnzdLooking for 340+ pips 💲💲 This is the chart of gbpnzd Reasons for take this trade 1 - it's gave channel pattern breakout 2 - it's completed ABC pattern 3 - fib retracement(very important) 4 - if we see long term chart then we easily can see first there was impulse then retest and now continuing impulse 5 - history repeating 6- index showing weakness Here are the reason to take this trade I hope I am succeed to give value and learning We will get better together with time 🥰🥰🥰 That's was my analysis Thank you 💟
Long
by forex_academy07
5