17.10.24 Morning ForecastPairs on Watch -
FX:GBPNZD
FX:NZDUSD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
GBPNZD trade ideas
GBPNZD Buy setup (SMC EDITION)We have a bullish trend⬆️ on the Pound/New Zealand dollar pair. We have a 4hr demand zone that broke structure and was recently mitigated. But when we drop down to 2H TF, we can see an UNMITIGATED 2H demand zone. Above the zone is a swing high that broke structure to the upside as per trend ☑️. Now this swing low has also a zone of liquidity, which can be good target for sellside liquidity. The unmitigated demand zone did sweep liquidity 🟠 before breaking structure 🔴. It is also inside our 4H demand zone.
Entry:
1. Risk entry with SL below order block
2. Confirmation entry after mitigation
RR=1:5
GBPNZD SELL SET UP Price forming a continuation pattern looking, making a two touch confirmation at the top and now looking for a 6 to 8 hour candlestick pattern to sell
GBPNZD - Long from bullish OB !! Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is price to fill the imbalance lower and then to reject from bullish OB + level 2.14000.
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GBPNZD 1-Hour Chart: Expecting a Drop to 2.1310 Before ReboundGBPNZD 1-hour chart, we think the price, currently at 2.1387, will drop further to around 2.1310 - 2.1320. From there, we expect it to start going back up. The pair is moving within a descending channel, so we believe it will continue to follow this pattern.
GBPNZD 4-Hour: Expected Decline Towards 2.1340 Support LevelAfter hitting resistance level of 2.1570, GBPNZD has started to fall. We expect the price to keep dropping until it reaches the support level at 2.1340. We believe this is where buyers will likely enter the market and start buying, possibly pushing the price back up to 2.1570. If the support at 2.1340 is broken, the next critical levels to watch will be around 2.1286 and 2.1310.
The GBPNZD is bullish.The GBPNZD has strong potential on the 15-minute chart to reach 2.150 and possibly higher targets.
15.10.24 Morning Forecast + GBPNZD Trade BreakdownPairs on Watch -
FX:EURNZD
FX:EURAUD
FX:USDCHF
Trade breakdown of the FX:GBPNZD position I took yesterday.
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
Trendline CorrectionWhat we have here is a long correction that formed a bearish trendline, we have had a breakout signaling an end to the correction and now we have a pullback as confirmation
time to go long
WE ONLY TRADE PULLBACKS
GBPNZD H2 XABCD advanced buy/hold trade setup🔸Hello traders, let's review the 2 hour chart for GBPNZD.
Speculative XABCD in progress, with PRZ/D set at 2.1100,
so expecting more losses in GBPNZD before reversal from PRZ/D
🔸XABCD structure is defined by point X at 1155, point A at 1330, point B
at 1200, point C at 1360, point D/PRZ at 1100, currently most points validated, point D/PRZ still pending, so traders should wait until we hit D before buying.
🔸Recommended strategy for GBPNZD traders: wait for pullback/correction
to complete at point D near 1100, buy/hold, SL 80 pips, TP1 +175 pips TP2
+250 pips. BUY/HOLD at point D/PRZ at 1100. swing trade setup. good luck!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GBPNZD: Short Trade Explained
GBPNZD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short GBPNZD
Entry -2.1429
Sl - 2.1507
Tp - 2.1279
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD Will Go Higher From Support! Long!
Please, check our technical outlook for GBPNZD.
Time Frame: 30m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2.138.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.142 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPNZD Long PositionSince August, price has been consolidating around a significant resistance zone, testing it five times without breaking through. On the sixth attempt, we finally saw a decisive breakout, signaling strong bullish momentum.
Currently, price has pulled back to retest that broken resistance, which now aligns perfectly with the 61.8% Fibonacci retracement level a key area for continuation in trending markets. Additionally, price has respected a rising support trendline while simultaneously retesting a broken resistance trendline from below, giving further confluence to this area as a solid demand zone.
What strengthens the bullish case even more is the clear formation of an inverted head and shoulders pattern, with the neckline already broken and now being retested. This is a classic reversal signal, and the fact that the retest coincides with multiple technical factors gives us a high level of confidence in a potential bullish continuation.
GBP/NZD LONG FROM SUPPORT
Hello, Friends!
Bullish trend on GBP/NZD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 2.144.
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14.10.24 Morning ForecastPairs on Watch -
FX:USDCHF
FX:AUDUSD
FX:GBPNZD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
GBPNZD - Short Trade IdeaHi everyone! The GBPNZD shows a bearish trend with an imbalance on the 4-hour timeframe. It seems that the bearish trend will continue into the coming week. I am waiting to enter a sell trade at the 71% Fibonacci retracement level and the H4 order block. Please do your own analysis before taking any trades. Cheers!
Sell order (Direct order)
Sell @ 2.14290
SL - 2.14640, 35pips
TP1 - 2.13940, 35pips
Final TP - 2.11840, 245pips
gbpnzd buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPNZD FORECASTINGThis pair is looking good from structure point of view! But as traders we have to wait for the price to allow us to get in the market. In this video I have covered a lot , Kindly watch this video to see my thoughts in this pair.
GBPNZD BuyI am looking for a possible buy on GBPNZD.
I’m looking for price to sell down to my 4H Demand Zone.
I see a descending channel and I am looking for price to breakout once it reaches the zone.
I have an alert set at 2.12615
GBPNZD Long? After having a successful short on GBPNZD throughout last week. I think we are heading for the upside now, there is a clear bounce of the fib level. Scaling down to the 1HR time frame, it looks like price is getting ready to follow the trend once more. :)
