We wait for confirmation at the support to Buy Long
OANDA:GBPNZD SELL from 2.03282 TP1-1.99844 TP2-1.95972 IF YOU AGREE PLEASE PUT A LIKE IF YOU NOT AGREE LIVE A COMENT
entry 1 2.000 entry 2 1.990 sl 1.9800 tp.1 2.0100 tp.2 2.0260 tp.3 2.0300 tp.4 2.04000
The weekly chart above shows GBPNZD's entire decline from Aug 2015 high. The sell-off is a textbook Elliot Wave impulse pattern, labeled 1-2-3-4-5. According to the theory, a three-wave retracement follows every impulse. Here, that three-wave rally has been unfolded as a W-X-Y-X-Z triple zigzag pattern. Wave (c) of Z is about to complete. I anticipate GBPNZD to...
The GBPNZD is after the Double top effect and is back on the rise. The GBPNZD over 2 important average lines (100,200) The candles are placed over the Ichimoku cloud that accompanies the GBPNZD with a green cloud! The Stochastic in the ideal area that recommends buying. All these technical data indicate continued increases. Target: 2.0370
lets how it will act at these zones ... no entry without price action move ... good luck guys
Following up on the weekly analysis I posted earlier, GBPNZD has broken the daily corrective structure channel, and it's retesting it. The break out is an impulsive move followed by a corrective structure that seems to be unfolding as a zigzag. The correction in wave (ii) of C has retraced 61.8 - 78.6% of wave (i), and it's within a deep Fibonacci extension zone...
GBP/NZD Head & Shoulder Pattern is confirmed!! Expecting price to drop to 1.988. Focus Time Frame: 4H/1H Market Condition 1D Short Term: Downtrend 1D Long Term: Uptrend
In the second pick, a Double top template was created so we recommended a sale, there was a decrease but it did not hold and gbpnzd returns to increase in strength. The buying position will be with the trend. We believe that gbpnzd is on the way to resistance at 2.0400 and then if there is indeed breaking then the next target will be very very high.
An important Double Top pattern is created in the daily graph that usually causes pullback as you can see already started. According to Ichimoku, the upward trend will continue. Target: 1.9930
GBP/NZD short Entry 1 2.0130 Entry 2 2.0160 Sl 2.0190 Tp.1 1.9940 Tp.2 1.9900 Tp.3 1.9840
Price had a good bull run. The retracement seems to lose some steam but I think there is still some momentum left for one leg up. Price probably won't make a new high but I put my TP on the highest pivot point just in case. We have a nice window of opportunity to open a long trade with price showing support close to the trend line. Just be patient and see what happens...
*Bear model. *Serious support was broken at 1.9034 which led to large declines. *The above is daily, the weekly and monthly graphs support the bearish model. *The GBP / USD is very bearish against the model of NZDUSD which is bullish. Target: 1.8480
Price have broken down B leg of ABC correction for a potential 1000 over pips opportunity. Current entry price also shows a nice 1:2 risk and reward ratio.