Gbpnzdshort
GBP/NZD SELL OPPOTUNITY VIEW NOW......
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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GBP/NZD SELL OPPOTUNITY VIEW NOW......
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
GBPNZD - Bearish BiasGBP - Weak Bearish
1️⃣ The number of daily COVID-19 cases in the UK increased by 32,181, while the number of deaths increased by 50 people.
2️⃣ Former Democratic Union Party (DUP) leader Arlene Foster has raised concerns of irreparable damage due to the deadlock over the Northern Ireland (NI) protocol.
NZD - Strong Bullish
1️⃣ Positive sentiment in the market supports the strength of high-beta currencies such as the NZD.
2️⃣ New Zealand retail sales rose 3.3% in the second quarter, following a 2.5% increase in the previous period.
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Technical
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We are selling the GBPNZD after the price has break previous support.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
💡Don't miss the great sell opportunity in GBPNZDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.9676).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPNZD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 1.9571
TP2= @ 1.9471
TP3= @ 1.9327
TP4= @ 1.9171
TP5= @ 1.9004
SL: Break Above R2
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💡Don't miss the great sell opportunity in GBPNZDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.9676).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPNZD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 1.9571
TP2= @ 1.9471
TP3= @ 1.9327
TP4= @ 1.9171
TP5= @ 1.9004
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
INCREASINGLY BEARISH!!!Now let's talk about this beauty, i take trends very seriously. However, a break of such is one of my favorites and how could I turn a blind eye on this babe?
First, let's take note of the quad top, denoting the lack of strength to breakout to the upside and continue with it's multiple week long trend.
Secondly, please note the range this was trading in and how it was violated in one day, with which the range has been broken provides weakness and uncertainty for longs.
Lastly, it's a long way before there's reasonable support making this risk to reward more tasteful.
Extras, if you're going to take this trend wait for a possible retest of support area and if it doesn't reject do not short!! .
Regards,
GBPNZD 4HGreat British Pound (GBP) / New Zealand Dollar (NZD)
4H Time Frame
SELL OPPORTUNITY
TP1 - 1.98000
TP2 - 1.97500
TP3 - 1.97000
According to my analysis GBPNZD is moving bearish down towards the 1.196500 point.
I will be doing a update on this analysis tomorrow .
If you like my analysis & brief give it a thumbs up.
If you have any questions please feel free to leave a comment below or send me a direct message.
THE CRYPTO PLANET
GBP/NZD SELL OPPOTUNITY VIEW NOW......
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.