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Gbpnzdshort

LETS TRY AGAIN!So a very similar trade to our last one which was posted earlier which we cut our losses from: (What goes up must come down) So what we can see here, the British pound has spiked throughout all currency pairs today which is the 04/02/21. The main cause to this i believe is 'BOE Rapid U.K Rebound Following Johnson's vaccine push' headline news. But as we can see here the price hasn't yet pushed up as far as our resistance zone. Now if price carries on to be bullish and continues to push upwards with momentum and break through our resistance zone then we will more than likely hit Stop loss. (Worse case scenario) But from analysing the chart i believe that we could potentially see bearish momentum and see price drop as far as 1.85000. im entering this trade now at the following: ENTRY 1.90317 SL: 1.90700 TP: 1.85000
Short
by Forexinsightsuk
1
GBPNZD - SWING - 01. FEBR. 2021Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Very bearish price action and pressure. 4 HOUR Market forming a d-top, expecting more downside. DAILY Overall sideways moving structure.. - FOREX SWING SELL GBPNZD ENTRY LEVEL @ 1.90870 SL @ 1.91840 TP @ 1.89540 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
30
GBPNZD-- Lets Going Buy __ Don't Miss ThisDisclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
Long
by Rapid-Trading-LTD
2
GBPNZD short trade ideaPlan : wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
3
GBPNZD has possibility to reverse the trendGBPNZD has possibility to reverse the trend GBPNZD made a very nice upward trend on H1. Last week, however, it broke the support and we see that at the moment there is no strength to continue. This allows to reverse the trend and search for short positions. For this purpose, however, we must see confirmation of the reversal with a break of the previous bottom. If we see a break we can expect to reach 1.8837 and 1.8682! Pre-entry is not recommended! If you have questions about how to trade this or another situation, contact us! To support us, like and comment
Short
by ForexTrendline
1
GBPNZD.. decline to continue 25 Jan 2021The area around 1.900 has been significant recently, having acted both as support and resistance. Despite several days of trying to make some significant gains, we are still at 1.9035 region. In accordance with the prevailing bearish trend, I am interested to take a short. I will place a pending entry below Thu low with my stop above its high. My initial target would be just above the next major support at 1.8635, if achieved would yield 2.6R. Monitoring PA at such time may provide the opportunity for a second target much lower. If you like my analysis please give it a “thumbs up” and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.
Short
by Trading_Vista
2
GBPNZD: It's time to BREAK the ASCENDING CHANNEL!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/NZD ⚪ Technical Analysis : In the weekly time frame, since November 2016, the price has been following a long uptrend, bouncing many times on its dynamic support trendline. In November 2020, it broke the trendline for the first time and it's currently retesting the same level. In the daily time frame, since March 2020, the price has been following a clear descending triangle pattern, getting few rejections on its dynamic resistance. It is currently retesting the same level. In the h4 time frame, on the 6th of January, the price got a strong positive impulse, moving up with a clear uptrend until the main trendline, breaking through an important S/R zone at about 1.89133. It has currently got a rejection on the main trend line and the next price action will be essential to understand the next market movement. 🔴 Conclusion : Since many days ago, the price has been following a long and strong ascending channel, but now that it reached an important trendline, I'm confident to see the price falling down as a trend correction until the next support zone at about 1.89162. Once the price will eventually break and retest the current S/R level, I'll plan my short position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
26