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GBPNZD trade ideas

GBPNZD Strong buy signal at the bottom of the Channel Up.The GBPNZD pair has been trading within an 11-month Channel Up and since its break below the 1D MA50 (blue trend-line) on August 28, it has been forming the new bottom. Monday saw it approaching the Higher Lows trend-line and with the 1D MA200 (orange trend-line) just below it as a Support, we believe that we've seen the new Low. In fact, as the 1D RSI made a Double Bottom, it resembles the Channel's last bottom formation on June 06. The final confirmation of the bullish break-out will be when a 1D candle closes above the 1D MA50. We expect at least a +4.45% rise, thus targeting 2.19000 on the medium-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPNZD Price Analysis - Preparing to Resume the DowntrendGBPNZD Price Analysis - Preparing to Resume the Downtrend The GBPNZD pair has recently broken down from a significant structure zone near the 2.1150 level. This breakdown suggests a potential move towards the 2.0900 and 2.0750 levels. However, this downward movement may take some time to fully materialize. In the short term, we might face a false bullish breakout above 2.1150 before the bearish trend resumes. This pattern has been observed previously on the left side of the structure, indicating the need for caution. Despite this, the overall swing direction is expected to begin soon. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
4
GBPNZD - 4H - Bearish Trend Continuation Strategy Technical Analysis: GBPNZD is in a strong bearish trend, moving within a bearish channel and consistently closing candles inside the channel. The pair is printing lower lows (LL) and lower highs (LH), reinforcing the downward momentum. With no divergence , the trend looks stable for continuation. We will look to sell at the 0.5 Fibonacci retracement level to capitalize on the ongoing bearish trend. Fundamental Analysis: September is a risk-on environment, and NZD is showing more strength than GBP, which supports the bearish outlook for GBPNZD. NZD remains stronger than GBP in the current market conditions. Seasonality: GBPNZD tends to be bearish from mid-August to the end of December, with a particularly strong downtrend expected from the last week of September to the first week of October. Entry Strategy: Entry Point: Sell at 2.11640, around the 0.5 Fibonacci level. Stop Loss: Set at 2.12500, above the last lower high (LH) in a good resistance zone. Take Profit 1: First target at 2.10782. Take Profit 2: Second target at 2.09922. This strategy leverages both technical and fundamental factors, with strong seasonality and market sentiment favoring a continued bearish move in GBPNZD. The entry, stop loss, and take profit levels are well-defined for effective risk management and potential gains.
Short
by ya_xir
GBPNZD - 4H - Bearish Trend Continuation Strategy Technical Analysis: GBPNZD is in a strong bearish trend, moving within a bearish channel and consistently closing candles inside the channel. The pair is printing lower lows (LL) and lower highs (LH), reinforcing the downward momentum. With no divergence , the trend looks stable for continuation. We will look to sell at the 0.5 Fibonacci retracement level to capitalize on the ongoing bearish trend. Fundamental Analysis: September is a risk-on environment, and NZD is showing more strength than GBP, which supports the bearish outlook for GBPNZD. NZD remains stronger than GBP in the current market conditions. Seasonality: GBPNZD tends to be bearish from mid-August to the end of December, with a particularly strong downtrend expected from the last week of September to the first week of October. Entry Strategy: Entry Point: Sell at 2.11640, around the 0.5 Fibonacci level. Stop Loss: Set at 2.12500, above the last lower high (LH) in a good resistance zone. Take Profit 1: First target at 2.10782. Take Profit 2: Second target at 2.09922. This strategy leverages both technical and fundamental factors, with strong seasonality and market sentiment favoring a continued bearish move in GBPNZD. The entry, stop loss, and take profit levels are well-defined for effective risk management and potential gains.
Short
by ya_xir
GBPNZD -Turtle soup and Smart Money Concept Trading Strategy The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend. Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts. ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily) STOPLOSS :- above or below recent swing High 1st TARGET :- Book profit 50% 2nd TARGET :- Book profit 25% 3rd TARGET :- Book profit 25% Consisitency and hard working is the key of success. KEY OF SUCCESS :- *) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle. *) Do not take risk more than 1% of Equity. *) Take Profite Should be More then 2% of Equity . *) Book 50% profit of running trade first and remaining 50% hold for long term.
Short
by FTS_2528