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Gbpnzdsignal

GBP/NZD 4HR CHART SELL SET UPHi TRADERS this is my trade set up for the GBP/NZD for the new week ahead GBP/NZD I see the new strain of covid has hit the UK and I feel NEW ZEALAND have corona virus under control, and the GBP has had a good run against the NZD, I feel like that run has started to come too a end now i am expecting a pullback to the order block zone and will be looking for a sell trade look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
Short
by Costy13
2
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
GBPNZD | Perspective for the new week | Follow-up detailsWe experienced over 300pips run in our direction since my last publication on this pair (see link below for reference purposes). Now, it is obvious that a trading range has been hemming broadly within the N$1.93500/1.97000 since the emphatic breakdown of the Demand level late in the month of August 2021. At this juncture in the market, I shall be looking forward to a reversal pattern within the Supply zone at 61.8/78.6% retracement of the impulse leg to incite a risk of further decline in price in the coming week(s). Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Channel | Reversal pattern (retracement levels) Observation: i. Since the beginning of the year (2021), It has been a Bullish run for the Pound before hitting a peak @ N$2.00500 (between June and August 2021) - a zone characterized by a triple Top look-a-like. ii. This feat was later followed by a significant Breakdown of a Level that held price "supported" between June and August 2021 to allow a bias shift in favour of the bears in the coming week(s). iii. TRIPLE TOP: formation of three peaks moving into the same zone @ at approximately N$2.00000, with pullbacks in between is considered complete when the price broke down pattern support @ N$1.96000 on the 31st of August 2021, hereby indicating a possible further price slide in the nearest future. iv. Even as a Bearish perspective is building upon this pair, it is required that we sprinkle the tempo of opening a bearish position with a little bit of patience as we are yet to get a signal to go short. v. This been said; I shall be looking forward to a reversal pattern within the Supply zone around N$1.97000/1.989500 and this might share a confluence with a 61.8/78.6% retracement of the Impulse leg (Breakdown of Demand zone) to transition into a possible Harmonic pattern (AB = CD). vi. The early hours/days of the new week might see a price climb before inciting a further decline. vii. If a climb happens, I have identified a niche around N$1.97000/1.989500 for selling opportunities with confirmations right below the Key level @ N$1.960000 area... This is a volatile pair hence trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:4 Potential Duration: 5 to 15days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPNZD Longterm view (LONG)My view of GBPNZD . Potential long opportunity. I am expecting a pullback to the downside due to bear flag being formed on 1D TF . We will see how things go ater ILO Unemployment rate is released. 1.92000 is an area that provided strong support throughout April and May . My idea is valid and will be active IF we come down to our Entry Level 1.92129 . My Stop Loss is well below a possible Stop Hunt at 1.91665 . At 1.96438 set your Stop Loss at Breakeven . At TP 1 close partial and wait for a clear break to the upside . If we fail to break 2.00686 again, we might get the third touch , “tripple top” (marked with red ellipses). TP 2 and TP 3 will be hit after clear breaks and continuations to the upside . PARAMETERS - Entry: 1.92129 - SL: 1.91488 - TP 1: 2.00686 - TP 2: 2.02692 - TP 3: 2.04316 KEY NOTES - 1D timeframe showing a possible bear flag formation . - ILO Unemployment rate released on 14th of September 2021 . - 1.920000 is an area that provided strong support throughout April and May . - If we fail to break 2.00686 again, we might get the third touch , “tripple top” which may cause the price to come down and retest the 1.920000 area. - TP2, TP3 valid only if we have clear breaks and continuations. Enjoy the rest of your weekend and happy trading.
Long
by BANDZTRADES
GBPNZD | Perspective for the new weekThe price dipped over 200pips in our direction since the last speculation before the rally began (see link below for reference purposes) and following an emphatic downward spiral that lasted 3 weeks, it appears we are at a juncture in the market that suggests that price is on the verge to reverse. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline | Reversal pattern (Triple Bottom) Observation: i. It has been a Bearish run for the Pound since mid-August, 2021 before it found a bottom at @ NZ$1.93300. ii. The line drawn over pivot highs is a visual representation revealing the prevailing direction of price action in the last couple of weeks. iii. Since finding the bottom, the price has gone through a consolidation phase that culminated into what appears to be a successful breakout of Key level @ NZ$1.94250 (Neckline) during last week trading session. iv. A successful Breakout of the dominant Bearish Trend is a clue that Buyers are beginning to gain momentum. iv. There is a retest of NZ$1.93900 following the Breakout on the 9th of Sept. 2021. v. Depending on how the event unfolds when the market resumes next week, the rejection of NZ$1.93900 could be a signal for a rally continuation. vi. The early hours/days of the new week might see a price plunge into NZ$1.93800 - a level that has been tested more than a couple of times since the beginning of the month (Sept 2021) before the rally begins. vii. This been said, above Key level @ NZ$1.94250 remains a comfortable area for me to go long in the coming week(s) with an opportunity to add to my existing position at Breakout/Retest of NZ$1.94750... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:5 Potential Duration: 5 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry