GbpNzd is Bullish.Uptrend Continuation is still in power and 4hr time frame revealz that buyers are in control.
Happy trading
GBPNZD.P trade ideas
How To Set Stop Losses On Forex Rallies + Trade Plans GNGBPNZD has rallied continuously, breaking levels amid a dovish RBNZ rhetoric.
Still no real desperate GBP long bias VS NZD, but sentiment can always change and extend rallies.
You can either hedge, or use stops.
Regardless, you have to do it appropriately and consider where levels exist and what could come beyond them going forward.
Potential bullish rise?GBP/NZD has reversed off the support level which is a pullback support that is slightly below the 38.2% Fibonacci retracement and could rise to ur take profit.
Entry: 2.1347
Why we like it:
There is a pullback support level which is slightly below the 38.2% Fibonacci retracement.
Stop loss: 2.1220
Why we like it:
A pullback support level lines up with the 50% Fibonacci retracement.
Take profit: 2.1711
Why we like it:
A pullback resistance level aligns with the 61.8% Fibonacci retracement.
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GBPNZD conscious LONGAfter market formed inverse head and shoulder on weekly and daily then broke it, market as been breaking structure to the upside which solidifies the uptrend move.
market is pulling back into an SnR zone in confluence with fib 50% level and trendline touch.
Market can break through this level which will open up the next SnR zone, this will mean market wants to give a proper retest on the inverse head and shoulder that was broken.
WAIT FOR A BULLISH CANDLESTICK PARTTERN BEFORE GOING LONG
GBPNZD Weekly Analysis and OutlookGBPNZD Weekly Analysis and Outlook
This week, the GBPNZD pair has shown a pronounced downward trajectory, closing in a bearish continuation phase. This downward momentum indicates a negative sentiment among traders, suggesting further potential for a decline.
Current Market Overview:
The pair has been steadily moving downwards, supported by unfavorable market conditions and bearish sentiment. As it approaches a key support zone, traders should closely monitor the price action. A successful break below this support would likely confirm the continuation of the bearish trend.
Expectations and Potential Scenarios:
Upon breaking the support zone, we anticipate that the GBPNZD will continue its downward momentum. This breakout could open the door to lower levels, offering traders potential opportunities to capitalize on the bearish trend.
Primary Expectation: If the support is broken, the price is likely to sustain its downward movement, potentially targeting lower support levels. This scenario would reinforce the bearish outlook, making it a favorable environment for short positions.
Alternative Scenario: However, if the price encounters strong support and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at higher levels before resuming the downward trend.
Conclusion:
In summary, the GBPNZD pair is poised for further downward movement following its recent bearish phase. Traders should watch for a decisive break below the support zone, which could serve as a catalyst for continued declines. Maintaining awareness of both bearish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly.
By Piptera Digital Solutions,
Invest Wisely!
GBPNZD Good potential Currency pair to dropAs I look at this chart, I consider this as a good potential chart to drop further.
However I just recently see this opportunity and didn't set my order, but I will set my pending order based on the sell order I put on the chart.
If you found my analysis suitable for yourself, please like and subscribe to get access on my new analysis and updates.
Good luck!
GBPNZD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for GBPNZD below:
The instrument tests an important psychological level 2.1461.
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.1629
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GPBNZD Weekly NEEDS TO PULL BACK SOON!!!GBPNZD
Has been bullish for 28 days without any type of healthy pullback, we know what happens next. there are multiple strong confluences around 2.14794 - 2.14936
Confluences
has moved 867 pips in 24 days has found resistance.
Has been bullish for 28 days is currently struggling to close above 2.1483.
There is a Trendline from march 2020 which it is currently reacting off.
It is reacting off a rejection point 2.14775
Rejecting off -0.27 Fibonacci target
GBPNZD Daily TF
2.12389 - 2.12118 is my area of interest where think GBPNZD will pull back to which works out
230/260 pips then we should see an reaction from that area
GPBNZD 4Hr TF
Reasons to turn bearish
Currently struggling to break 2.14831 and close above.
Triple tap.
Nice 4hr rejection candlestick.
Moved 800 pips which means there needs to be a pull back nothing keeps soaring without a pullback.
My area of interest is 2.12389 - 2.12118 is where I expect to see a pull back to and we should see an reaction.
GBPNZD 1Hr TF
Confluences
1hr candlestick rejection
Triple tap
rejecting off 0.786
Struggling to close above 2.14831
GBP/NZD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
It makes sense for us to go long on GBP/NZD right now from the support line below with the target of 2.191 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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GBPNZD LongTaking a GBPNZD long continuation trade. All of my technical analysis, indicators and confluences are currently indicating a long position.
GBPNZD 30Intraday Bullish: After a Choch on the 15 minutes timeframe with strong momentum candle stick so I expect the price to rise. 2.14750 as take profit then 2.15030 in extension. Good luck 🤞🤞🤞
GBPNZD I Technical forecast and trading plan Welcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPNZD PRINTING REVERSAL PATTERAN ON 1HTechnically:
GBPNZD is printing Double top pattern which is clearly indicate the reversal.
BXY is Bearish on Daily time frame
ZXY is bullish on daily time frame
Fundamentally:
COT reports of this week and previous weeks clearly shows that Big players consistently
increasing shorts positions of GBP and long positions of NZD.
Sentiments:
GBPNZD 90% Shorts.
Trade Plan:
Entry :2.17825
Stop Loss: 2.18960
TP1: 2.16671 (1:1)
TP2: 2.15535 (1:2)
Take Trade Your own Risk
Good Luck
GBP/NZD 2 Entries +500 Pips 0 Drawdown,New Entry To Get 500 PipsThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPNZD Simple Plans (Long Mainly)GBPNZD has dripped incessantly from previous highs.
Key support lurks below, ideal area to scale in long.
No shorts, unless signif rebound back towards prev highs.
#GBPNZD more bearish move to comeThis is my prediction for GBPNZD for the next couple of days.
As you can see in the chart, the price seems to be completing a 5-wave bearish impulsive move, which could end by tomorrow.
Following this bearish move, we could assume a bullish corrective ABC formation, which could take us all the way back to the level indicated by the arrow.
From there, we could expect another impulsive bearish move, which could be either wave 3 or wave C.
We do not know this for sure at this point, so we should wait and analyze the price action once the time is relevant.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
10. GBP/NZDGBP/NZD reached a premium overbought area. Yechnical analysis concludes that price is going to reverse downwords. Main focus is centerd on oscilators. MACD on D is bearish, as well as OSCM optical 4H long term precision. There are also two Fair Value Gaps on discount (take profit) zone.
This is the first time tryng out the optical 4H oscilator preset. PEPPERSTONE:GBPNZD
Overvalued Pound and Shift to KiwiFundamentals & Sentiment
GBP:
- Overbought for a while according to CFTC and other Internals
NZD
- Strength shifts from Aussie to Kiwi according to Internals
- Australia released weaker CPI, speeding up the flow out of the AUD to the alternative - NZD.
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Up
Long-term: Up
Min target: mirror level, 3R
Risk: 0.24%
GBPNZD MARKET OUTLOOKPrice is falling and currently trade at 2.16097 upcoming economic events are being monitored for a possible shift from Intraday bearish to bullish before we can open buy positions. Once buyers resonate again, we gonna go bullish again.
GBP_NZD BULLISH BIAS|LONG|
✅GBP_NZD is going down to retest a horizontal support of 2.1530
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 2.1664
LONG🚀
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GBPNZD - Long from bullish order block !!Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 2.15000.
Fundamental news: Tomorrow (GMT+3) we will see result of Interest Rate on GBP, news with high impact on currency.
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GBP/NZD Analysis and Sell Trade Review
### GBP/NZD Analysis and Sell Trade Review
#### Market Context:
1. **Swing High Taken Out**: This indicates that the market has reached a new high, possibly triggering stop-loss orders from traders who were short. This event often signals a potential reversal or significant pullback as liquidity above the swing high is captured.
2. **Fair Value Gap (FVG) Created**: An FVG represents a price imbalance where the market moved rapidly, leaving a gap in the order flow. This gap can act as a resistance area where the price might reverse or consolidate before continuing its previous trend.
3. **Change in Status Delivery**: This term suggests a shift in market dynamics, potentially indicating a change from bullish to bearish sentiment. This change might be confirmed by a break in market structure, such as the formation of lower highs and lower lows after the swing high is taken out.
#### Sell Trade Setup:
Given these conditions, here is a structured approach to a sell trade:
1. **Entry Point**:
- After the swing high is taken out, wait for the price to enter and react from the FVG. Look for bearish reversal patterns or confirmation signals, such as bearish candlestick formations (e.g., pin bar, engulfing pattern) or a break below a key support level within the FVG.
2. **Stop Loss**:
- Place the stop loss above the recent swing high or above the upper boundary of the FVG. This helps protect against false breakouts or continued bullish momentum.
3. **Target Levels**:
- The first target could be the nearest significant support level or the low of the previous consolidation range.
- Further targets can be set at key Fibonacci retracement levels or prior swing lows, where price might find support.
#### Trade Management:
- **Risk Management**: Ensure a proper risk-to-reward ratio, ideally aiming for at least 1:2 or 1:3.
- **Trailing Stop**: As the trade moves in your favor, consider trailing the stop loss to lock in profits and minimize potential losses.
- **Monitoring News and Events**: Keep an eye on economic news and events that might impact GBP/NZD, as they can cause sudden market volatility.
#### Example Scenario:
- **Entry**: After price takes out the swing high and enters the FVG, a bearish engulfing candle forms, indicating a potential reversal. Enter a sell position at the close of this candle.
- **Stop Loss**: Set the stop loss above the swing high.
- **Take Profit**: Set the first target at the previous swing low, and additional targets at further support levels or Fibonacci retracement zones.
By following this structured approach, you can manage your GBP/NZD sell trade effectively, aligning with the observed market conditions and technical analysis.
