GBPNZD ShortI see GN buying up to the 2.085 lvl then a nice sell off... If not it will break past the most recent low for a continuation to the down side.Let me know what you see
O.O
Gbpnzdshort
GBPNZD ShortPulled back to the .078 region on the fib after the last bull run, i expect a bearish pullback to the 0.5 or 0.618; possibly continuing down to test the 4H uptrend (and/or) weekly uptrend before then going long
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.
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Thank you for your support ;)
GWBFX
GBPNZDI think we have a very good chance to open a sell trade below this resistance line.
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GBPNZD H1 ANALYSISHello traders, we currently have a short setup for GBPNZD on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
GBPNZD H1 ANALYSISHello traders, we currently have a short setup for GBPNZD on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
GBPNZD may fall today vey stronglyGBPNZD is looking for long sell due to lot of sell pressure building from few days.our strong sell are begins from 2.05400.Our 1st sell target will be 2.04300 which is highly possible to be achieved while after little retracement as metioned in chart analysis,it may goes for 2nd target which will be 2.03400.
GBPNZD IDEAYou can use Red trendline for short trade , Blue trendline for long trade , will swing between trend lines
Please like for support
GBP/NZD High Probability ShortThe head and shoulders pattern is almost complete for this pair if we take a horizontal neckline. On top of this, New Zealand are releasing their Visitor Arrivals data, which will be down due to the current climate. However, there is a real chance these numbers could fall even lower than than forecasted, putting more downward pressure on NZD, further supporting this trade.
On top of this, the horizontal neckline assumption coincides with the 0.618 Fibonacci level, so breaking this support is definitely key.
Let me know what you think!
GBPNZD Short! 1hrNote: Idea is to complement your research.
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GBPNZD Short! 4HrNote: Idea is to complement your research.
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GBP/NZDResistance not broken on H1 and there's an ascending channel on H1 but this most likely will be broken.
Also, we can see a Double Top forming after the retrace and this pair may go down for another 400-500 pips
