GBPNZD trade ideas
GBPNZD / looks good to buy Given the overall market direction, which remains extremely bullish across multiple timeframes, this trade has a high probability of continuing its upward trajectory.
Looking specifically at the 4-hour timeframe, price initially made a strong push to the downside, retested a key area of interest, yet ultimately closed above critical levels—including the monthly and weekly pivots, Fibonacci levels, and the 50-period moving average—forming a high-confluence zone.
With recent signs of exhaustion, price may once again retest the previous 4-hour resistance zone, as its identified on the chart.
+250 pips Advanced BUY/HOLD GBPNZD XABCD swing trade setup BULLS🔸Hello traders, let's review the 40 min chart for GBPNZD. Speculative XABCD in progress, with PRZ/D set at 1800, so expecting more losses in GN before reversal from point D/PRZ.
🔸XABCD structure is defined by point X at 1850, point A at 2185, point B
at 1935, point C at 2210, point D/PRZ at1800, currently most points validated, point D/PRZ still pending, so traders should wait until we hit D before buying.
🔸Recommended strategy for GN traders: wait for pullback/correction
to complete at point D near 1800, buy/hold, SL 60 pips, TP1 +250 pips TP2
+300 pips. BUY/HOLD at point D/PRZ at 1800. swing trade setup. good luck!
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GBPNZD Elliot Waves updatePrice made a zigzag for wave 2 and find resistance just below the terminal point of wave 1. Currently price have finished the first motive waves down signifying resume of bearish momentum. If this count is correct we should expect price to pullback and find resistance around the golden zone (fib retracement 50%-61.8%) then continuation to the downside will be expected around this area.
GBPNZD: Intraday Bullish Confirmation 🇬🇧🇳🇿
A price action on GBPNZD shows 2 strong bullish confirmation
on an hourly time frame.
I see an inverted cup & handle pattern and a breakout of a resistance line
of a falling channel.
Chances will be high that the price will go up.
Goal - 2.2
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GBP/NZD SHORT FROM RESISTANCE
Hello, Friends!
GBP/NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.196 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/NZD pair.
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GBP/NZD Testing Channel Support Before Potential UpsideOn the GBP/NZD 1D timeframe chart, the price has been moving within an ascending channel since mid-2023. Currently, the price is in a corrective phase after failing to break the resistance at the upper boundary of the channel. The main scenario in this analysis suggests that the price could decline further to test the support area around 2.154 – 2.140, which coincides with the lower boundary of the ascending channel.
If the price holds at this support area and shows a bullish reaction, a buying opportunity can be considered with a target towards the channel resistance area around 2.260. In the decision-making process, several confirmations need to be observed:
Price Reaction at Channel Support – If the price shows a strong rebound in this area, the bullish scenario remains valid.
Candlestick Reversal Confirmation – Patterns such as a bullish engulfing or a pin bar near the support area can serve as good entry signals.
On the other hand, if the price breaks below the channel support significantly, the bullish scenario could fail, and GBP/NZD may experience a trend reversal towards a bearish direction. Therefore, risk management remains essential, with an ideal stop loss placed below the channel support area.
GBPNZD Massive Short! SELL!
My dear friends,
Please, find my technical outlook for GBPNZD below:
The instrument tests an important psychological level 2.2146
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.2020
Recommended Stop Loss - 2.2237
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
GBPNZD MARKET OUTLOOkPrice continues to have an overview direction of price to the upside. Technically, we’re looking forward to seeing more bullish price action once price successfully trades out of the range-bound (2.22215 and 2.18649) fundamentally, we’re anticipating UK unemployment rate & inflation report news this coming week. We’re looking forward to seeing how price reacts to it
GBPNZD BUY1.4h
2.upt
3.support
4.double bottom/ retest zone
5.rsi39/sto7/volbullish
6.
7.Fibextat zone
8.fibretrac above
9.
10.
11.
12.
13.beariah engulfing/morning star/
14.bullish
1.2h
2.upt
3.support
4.double bottom/
5.rsi28/sto7/volbearish
6.
7.finextat the zone
8.fibretrac at the zone
9.
10.
11.
12.bullish divergence/
13.tweerzer bottom/
14.bullish
1.1h
2.dnt
3.support
4.double bottom
5.rsi21/sto5/volbullish
6
7.fib above
8.Fib above
9.
10.
11.
12.bullish divergence
13bhllush engulfing
14. Bullish
GBP/NZD BUY TRENDthe GBP/NZD pair on the 3 hour time frame presents a potenial buying..
It looks like you're considering a GBP/NZD buy trade at 2.20780, with:
1st Support: 2.2170
Last Support: 2.23882
Stop Loss: 2.20320
Quick Analysis:
Your stop loss is quite tight (only ~46 pips below entry). If volatility increases, you might get stopped out quickly.
First support at 2.2170 suggests you're expecting the price to rise soon.
Last support at 2.23882 seems like a target/resistance level.
Considerations:
Check for economic news (NZD and GBP data releases) that could impact the pair.
Assess the risk-reward ratio before entering.
Watch for confirmation signals (bullish price action, momentum indicators).
Do you have a specific timeframe for this trade?
GBP-NZD Will Go Down! Sell!
Hello,Traders!
GBP-NZD has made a retest
Of the horizontal resistance
Of 2.2220 and we are already
Seeing a bearish reaction so
We are bearish biased and
Therefore a local bearish
Pullback is to be expected
Sell!
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Check out other forecasts below too!
GBPNZD - waiting for bullish continuationWeekly - bullish
Daily - bullish
H4/H1 - waiting for a pullback and then some evidence of a bullish continuation.
The area marked has been used a few times in the past. Also note that the 20ema will provide confluence to my bullish bias.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
A poem of the marketIn the financial markets, the Pin Bar candle is like a poem silently composed within the charts, a poem that tells the tale of the battle between buyers and sellers. This candle, with its long shadow, narrates the story of effort and defeat, as if one side sought to conquer the sky or split the earth, but in the end, was pushed back, leaving only a shadow of its aspirations.
**The Bullish Pin Bar** is like a poet who, in the darkness of night, sees a star and, with hope for light, draws its long shadow toward the earth. It says, "The sellers tried to pull me down, but I, with the light of hope, rose again and conquered the sky."
**The Bearish Pin Bar** is like a poet who, at the peak of day, sees a dark cloud and, with fear of darkness, casts its long shadow toward the sky. It says, "The buyers tried to lift me up, but I, with the force of reality, returned to the ground and embraced the darkness."
The Pin Bar candle, with its small body and long shadow, is like a poem that encapsulates all the emotions of the market in a single moment. This candle, in its simplicity and beauty, reminds us that sometimes efforts do not yield results, and sometimes, turning back is the only way forward. Within this candle lies the story of hope and despair, effort and defeat, light and darkness—a story that repeats itself every day in the financial markets, each time narrated in a new language.
"Taken from artificial intelligence."
GBP/NZD Trendline Breakout (10.2.25)The GBP/NZD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 2.2053
2nd Resistance – 2.2141
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