Gbpnzdsignal
Inside bar at Support areaFor all we've known, formation of inside bars may mean two (2) scenarios: a reversal of the trend or a continuation of it. Since I'm already long Pound-Dollar, I will be looking to enter a long.
Be cautious of the incoming Great Britain election.
Buy GBP/NZD after the WeekendThere are several reasons why I have decided to buy this pair now.
# Daily Chart Horizontal & Pitchfork Support.
# Daily, 4Hr, 2Hr Chart MACD Hidden Bullish Divergence.
# Daily, 4Hr, 2Hr Chart Stochastic RSI "Over-Sold"
# 2 Hr Chart Harmonic Pattern Support.
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GBP/NZD Shorting OpportunityReasons:
Bearish Head & Shoulders @ Confluence of Resistance in higher time-frames.
Stoch RSI is now "Over Sold", so a pull-back is needed for further bearish continuation.
Past support should become future resistance and here we get a 61.8% Fibonacci retracement level as confluence.
Trade Safe. :)
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GBPNZD TREND LINE TESTNow that the down move has reached the up trend line it appears as if it is time to look for a run back to the upside. The trend line on the daily chart shows support at the moment and if it holds will provide a good reward to risk ratio.
GBPNZD I AM GOING TO SELL CURRENT MARKET AT 1.74366. STOP LOSS- 1.75700
IF MY STOP LOSS HIT I AM WAITING FOR RETRACE AND BUY FROM NEW SUPPORT ARIA..
GBP/NZD, DAY CHART, LONG (27-NOV-2016)We are still bullish for GBP/NZD.
After 3 white soldiers, we see a consolidation pattern formed near the support zone.
It might accumulating more pressure to break this support zone.
Once, the support zone was broken strongly by bullish trend bar.
It will be good chance to long.
Alternatively, need to wait weak pull back and long again.
Trade safely with proper risk management skill
