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British Pound / New Zealand Dollar

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GBPNZD trade ideas

gbpnzd xabcd buy/hold exit +300 pips🔸Hello traders, let's review the 40 minute chart for GBPNZD. Chart looks oversold recently, expecting bounce setup soon. 🔸Speculative XABCD structure defined by point X 2460 point A 2210 point B 2400 point C 2180 point D/PRZ 2530 still pending. C also pending later today. 🔸Advanced BUY/HOLD from point C targeting point D of the sequence. Higher risk trade setup, use protective SL and adjust to BE at +60 pips. 🔸Recommended strategy for GN traders: buy/hold at point C TP1 is +150 pips TP2 +300 pips or point D of the XABCD structure. 🎁Please hit the like button and 🎁Leave a comment to support our team!
Long
by ProjectSyndicate
31
GBPNZD At a important pointAccording to the GBPNZD situation it's a important price. because : 1. The waves shows that the slop of bearish legs is increasing and the time of bullish legs is increasing too. these two contradict each other. 2. we have a bullish trend line and a support level (2.20911 -2.21792) at the daily timeframe that price can revers there. 3. also we had a strong bearish movement. and above price is a resistance level (2.23268) too. these all shows that we should have two scenarios : 1. after a good candlestick on the support level (2.20911 -2.21792) and trendline and break the resistance level (2.23268) in daily or 4H timeframe we can buy. 2. after breaking the support level (2.20911 -2.21792) and the trendline with a strong bearish candle at daily or 4H timeframe we can sell. the targets of both scenarios is evident. after the scenarios happen i will update the analysis. It's just my personal analysis and I have no responsibility for your trades. thanks for your attention.
by Arco-ir
2
GBPNZD Long 4/25/2025GBP/NZD Long – Channel Break Targeting Origin Liquidity + Daily Demand Bounce Looking to go long on GBP/NZD after a clean technical break from a multi-session descending channel, supported by strong higher timeframe structure. Daily Chart: We've established a solid bottom around 2.2131, with two daily candle closes showing strong buyer defense. Price also tapped into a key daily demand zone at 2.21336 — a well-respected structure level. We're now clearly bouncing off that zone, giving this long setup extra weight from a higher timeframe perspective. Structure: The pair has been moving within a descending channel that began at 2.4793. I prefer trading channels back to their origin, where liquidity tends to pool — and that’s our longer-term upside target. 4H Chart: We just got a strong bullish candle breaking the channel, signaling a potential reversal is in motion. Trade Thesis: With a higher timeframe demand bounce + channel break + bullish momentum, this setup is aligned for continuation. I’m looking for price to work its way back to the top of the channel and eventually toward the origin level near 2.4793. Target & Risk: Target: Origin zone near 2.4793 Risk-Reward: 1:1.73 Stop: Just below the breakout candle low and daily demand Clean multi-timeframe confluence: daily structure, channel break, and bullish pressure off demand.
Long
by Big6Financial
GBP/NZD Testing Channel Support Within UptrendIn the displayed daily chart of GBP/NZD, the price is forming a well-structured and clearly defined ascending channel. This channel is bounded by two thick lines, an upper resistance line and a lower support line, both of which have been tested multiple times by price movements. At the upper boundary, there have been three valid touches, each resulting in a significant downward reaction. Meanwhile, at the lower boundary, there have also been three strong touches, confirming the channel’s validity as the main path of the ongoing uptrend. In addition to the major channel, there is also a minor internal channel, indicated by dashed lines, showing price movement within a phase of consolidation or minor retracement inside the larger trend. The minor support line is currently being tested, signaling a critical area to determine the next directional move. At the moment, the price is hovering near the minor support and presents two possible scenarios moving forward. In the first scenario, the price could bounce from this minor support, continue strengthening toward the minor resistance, and potentially extend further toward the major resistance area around 2.36–2.38. In the second scenario, if selling pressure persists, the price may break below the minor support and continue falling toward the major support of the larger channel, located around 2.17–2.18, before eventually bouncing back upward. Overall, this price structure indicates that the primary trend remains bullish as long as the major support within the channel holds. However, in the short term, the market is in a consolidation phase with the risk of a deeper retracement. A confirmed bounce from support or a breakdown through the minor support will be key in determining the next move. The suggested approach is to wait for clear confirmation from price action before making any trading decisions.
Long
by DNP-FX
2
Potential GBP/NZD long trade setupOkay, let's delve into each of those aspects for this potential GBP/NZD long trade setup: Probability of This Setup Playing Out While bullish divergence within a descending wedge can be a strong indication of a potential reversal, it's crucial to remember that no trading setup has a 100% success rate. Here's a breakdown of factors that could influence the probability: Strength of the Divergence: The clearer and more pronounced the bullish divergence, the higher the potential probability. In your chart, the divergence looks reasonably clear, with the MACD making higher lows while the price makes lower lows. Breakout Confirmation: The probability increases significantly upon a confirmed breakout above the upper trendline of the descending wedge. A strong bullish candle closing above this line, ideally with increasing volume, would add confidence. Market Context: Consider the broader market environment. Are there any significant fundamental events (e.g., central bank announcements, economic data releases) related to either the British Pound or the New Zealand Dollar that could disrupt this technical pattern? Strong unexpected news could invalidate the setup. Timeframe Congruence: While you're looking at the 4-hour chart, checking higher timeframes (daily, weekly) can provide context on the overall trend. If the longer-term trend aligns with your bullish bias, it can increase the probability of success. Risk Sentiment: Overall market risk sentiment can also play a role. GBP/NZD can be sensitive to risk appetite. In summary: The setup has a decent probability due to the bullish divergence and the potential for a wedge breakout, but it's essential to wait for confirmation and be aware of the broader market context. Potential Entry Points There are a few potential entry points you could consider, each with its own risk and reward profile: Aggressive Entry: Entering immediately upon a strong bullish candle breaking and closing above the upper trendline of the descending wedge. This offers the potential for the best entry price but also carries a higher risk of a false breakout. Conservative Entry: Waiting for a breakout and then a successful retest of the broken upper trendline as support before entering. This can offer a lower-risk entry as it confirms that the previous resistance has now become support. However, the price might not always retest. Entry on Confirmation Signals: Looking for additional bullish confirmation signals on lower timeframes (e.g., 1-hour chart) after the initial breakout. This could include bullish candlestick patterns or further positive momentum on indicators. Recommendation: For a balance of potential reward and risk management, waiting for a confirmed breakout followed by potential confirmation on a lower timeframe might be a prudent approach. Risk Management Strategies Effective risk management is paramount for any trade. Here are some strategies you could employ: Stop-Loss Placement: already marked a potential stop-loss level below the recent swing low within the wedge. This is a logical placement as a break below this level could invalidate the bullish setup. Ensure your stop-loss is at a level that, if hit, would indicate the analysis was likely incorrect. Position Sizing: Only risk a small percentage of your trading capital on this trade (e.g., 1-2%). This will protect you from significant losses even if the trade goes against you. Calculate your position size based on the distance between your entry point and your stop-loss. Reward-to-Risk Ratio: Aim for a favorable reward-to-risk ratio. Your target levels (TRG 1, TRG 2, TRG 3) allow you to visualize potential profits. Ensure that the potential profit outweighs the potential loss before taking the trade. For example, if your stop-loss represents 20 pips of risk, aim for at least 40-60 pips of potential profit at your initial target (1:2 or 1:3 reward-to-risk). Trailing Stop-Loss: Once the trade moves into profit, consider using a trailing stop-loss to lock in gains and protect against a sudden reversal. Confirmation Signals You Might Look For Beyond the initial breakout, here are some additional signals that could strengthen your bullish conviction: Increased Volume: Higher trading volume during the breakout suggests strong buying pressure and increases the likelihood of the move being genuine. Bullish Candlestick Patterns: Formation of bullish candlestick patterns (e.g., bullish engulfing, morning star) after the breakout or during a potential retest can signal further buying interest. Moving Average Crossovers: If you use moving averages, look for bullish crossovers (e.g., the shorter-term moving average crossing above the longer-term moving average) after the breakout. MACD Crossover Above Zero: The MACD line crossing above the signal line and then moving above the zero line would indicate increasing bullish momentum. RSI Above 50: The Relative Strength Index (RSI) moving above the 50 level can confirm increasing bullish strength. How Fundamentals Might Impact This Technical Analysis While your analysis is primarily technical, it's crucial to be aware of how fundamental factors could influence GBP/NZD: Central Bank Policies: Monetary policy decisions and statements from the Bank of England (BoE) and the Reserve Bank of New Zealand (RBNZ) are major drivers for these currencies. Any unexpected hawkish or dovish signals could significantly impact the exchange rate. Economic Data: Key economic data releases from the UK (e.g., inflation, employment, GDP) and New Zealand (e.g., inflation, employment, trade balance) can lead to volatility and potentially override technical patterns. Global Risk Sentiment: As mentioned earlier, GBP/NZD can be influenced by global risk appetite. During times of risk aversion, safe-haven currencies might strengthen, potentially impacting this pair. Geopolitical Events: Unexpected geopolitical events can also introduce volatility and affect currency valuations. Recommendation: Before taking the trade, it's wise to check the economic calendar for any high-impact news releases scheduled for the British Pound and the New Zealand Dollar in the coming days. Be prepared for potential volatility around these events. Let me know if you have any more questions or would like to explore any of these points in more detail! i would love to hear back from you your thoughts on this pair
Long
by TONYMONTANA87
GBPNZD Discretionary Analysis: Bounce at 2.18Hello traders. I'm like what I see on GBPNZD. I'm expecting the momentum to continue. I'm watching that 2.18 zone closely. It's where I'll be looking for a reaction. Could be a solid bounce spot, and if it shows signs, I'm stepping in. Discretionary Trading: Where Experience Becomes the Edge Discretionary trading is all about making decisions based on what you see, what you feel, and what you've learned through experience. Unlike systematic strategies that rely on fixed rules or algorithms, discretionary traders use their judgment to read the market in real time. It's a skill that can't be rushed, because it's built on screen time, pattern recognition, and the ability to stay calm under pressure. There's no shortcut here. You need to see enough market conditions, wins, and losses to build that intuition—the kind that tells you when to pull the trigger or sit on your hands. Charts might look the same, but context changes everything, and that's something only experience can teach you. At the end of the day, discretionary trading is an art, refined over time, sharpened through mistakes, and driven by instinct. It's not for everyone, but for those who've put in the work, it can be a powerful way to trade.
Short
by davidavasalcai
37