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British Pound / New Zealand Dollar

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GBPNZD trade ideas

GBPNZD Will Grow! Long! Here is our detailed technical review for GBPNZD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2.253. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.277 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBP/NZD Short Setup AnalysisGBP/NZD 4H Trading Analysis – Bearish Setup 📉 Potential Short Opportunity 🔹 Structure Breakdown: The market broke a rising wedge pattern, signaling a potential downtrend. Price has retraced to key Fibonacci levels, providing a possible entry for short positions. 🔹 Fibonacci Levels: 61.8% (2.2565) 71% (2.2609) 78.6% (2.2648) These levels act as resistance zones where sellers may step in. A rejection from this area could confirm further downside movement. 🔹 Entry & Confirmation: Ideal short entry: 2.2565 - 2.2609 zone (Fibonacci resistance) Stop Loss: Above 2.2750 (100% Fib level & structure high) Target 1: 2.2200 (-27% Fib extension) Target 2: 2.1963 (-61.8% Fib extension) 🔹 Confluence Factors: ✅ Retest of previous support-turned-resistance ✅ Bearish momentum following the wedge breakdown ✅ Fibonacci retracement aligning with resistance
Short
by RSTrad1ng
1
GBP/NZD BEARS ARE STRONG HERE|SHORT Hello, Friends! GBP/NZD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.240 area. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
GN update correctionRecent data from Forex Factory indicates that the British Pound (GBP) is under pressure due to weak domestic economic figures and prevailing uncertainty. In contrast, the New Zealand Dollar (NZD) is benefiting from robust commodity-related fundamentals. The latest Commitment of Traders (COT) report reveals that large speculators have been reducing their net-long positions in GBP futures, signaling a bearish sentiment toward the pound. Combining these factors, the near-term outlook for GBP/NZD appears bearish. Traders should monitor key support levels, as a breach could lead to further declines. However, any unexpected positive developments in UK economic data or shifts in global risk sentiment could provide temporary support for the pair. Expecting Long first then short
Short
by D_Virtual
GBPNZD (2H Chart) – Precision BreakdownElliott Wave Analysis of GBPNZD 1. Market Structure & Current Position Current Trend: The price is moving within a well-defined ascending channel** with higher highs and higher lows. Recent Movement :A sharp rally to the upper trendline (~2.2750), followed by a correction. Critical Level: The price is testing mid-channel support (~2.2450), a potential decision zone. --- 2. Elliott Wave Count (Detailed Breakdown) Based on the structure, the chart exhibits a **5-wave impulse move, possibly followed by an ABC correction Impulse Wave Structure (Main Trend) 1️⃣ **Wave 1:Strong push from 2.1850 → 2.2350 (Initiation) 2️⃣ **Wave 2: Pullback to 2.1950(Shallow retracement) 3️⃣ **Wave 3:Strong breakout, extending past 2.2750(Largest move, extended wave) 4️⃣ **Wave 4:Current correction to **2.2450 - 2.2350 5️⃣ **Wave 5 (Projected):If wave count is correct, **final push towards 2.2800 - 2.2900 🔹 Wave 3 Validation: The strongest and longest wave, confirming an Elliott impulse pattern. 🔹 Wave 4 Confirmation: Corrections usually respect the previous **Wave 1 territory, which aligns with the channel bottom (~2.2350). Corrective Structure (If Wave 5 Fails) Scenario A: Classic Zig-Zag Correction (ABC) - A: Drop from 2.2750 to 2.2450 - B: Short retracement (possibly back to 2.2600) - C: Further decline to **2.2200 - 2.1850** Scenario B: Running Flat Correction - Price hovers in **2.2350 - 2.2600** range before deciding direction. 3. Key Technical Levels Bullish Case (Wave 5 Continues) ✅ Support: 2.2350 - 2.2450** (Wave 4 support, channel midline) 2.2200** (Breakdown level) ✅ Resistance Targets: 2.2750** (Previous high, key breakout level) 2.2850 - 2.2900** (Final Wave 5 extension zone) --- 4. Probable Scenarios & Probability % ✅ Scenario 1: Wave 5 Continuation (60%) - If price holds 2.2350, expect a final bullish wave toward 2.2850 - 2.2900. - Confirmation: Strong bullish rejection at support. ⚠️ Scenario 2: ABC Correction (Bearish Pullback) (40%) - If price **breaks 2.2350**, we could see a larger retracement to **2.2200 - 2.1850**. - Confirmation: A **break and close below 2.2350** with bearish momentum. 5. Conclusion & Trading Strategy 📌 Bias: Bullish continuation (Wave 5) unless 2.2350 breaks. 📌 Trade Setup: - Long entry: Buy between 2.2400 - 2.2450 with a tight stop below 2.2300. - Short entry: If price **breaks below 2.2350, sell targeting 2.2200 - 2.1850. 📌 Final Thoughts: The next few hours** will confirm whether Wave 5 is valid or we enter a corrective phase. Monitor price action closely.
Long
by MAKFX21
GBPNZD BUY TRADE PLAN🔥 GBP/NZD TRADE PLAN 📅 Date: April 2, 2025 🔖 Plan Type: Main Swing Plan 📈 Bias & Trade Type: Bullish Reversal – D1 Discount Rejection 📌 Trade Idea: Buying into D1 pullback structure for continuation to weekly range high 📥 Entry Type: H4 Demand Zone + Liquidity Sweep + FVG Alignment 🔰 Confidence Level: ⭐⭐⭐⭐ (80%) Reasons / Confluences: – D1 strong bullish BOS structure still intact – Pullback into clean H4 OB zone + unfilled FVG – 1H wick rejection & MACD weakening bear momentum – Volume compression near discount zone – NZD softening + GBP stable = sentiment favoring GBP 📌 Status: Waiting for clean LTF confirmation inside zone (1st touch pending) 📍 Entry Zones: Primary Buy Zone: 2.2575 – 2.2605 (Refined H4 OB with liquidity pocket and imbalance overlap) Secondary Buy Zone: 2.2520 – 2.2540 (Deeper sweep zone below intraday liquidity; last defense) ❗ Stop Loss: SL: 2.2470 (Below OB, last liquidity wick, and invalidation structure) 🎯 Take Profit Targets: TP1: 2.2720 🥉 (Last minor swing high) TP2: 2.2805 🥈 (Equal highs + H4 inefficiency) TP3: 2.2890 🏆 (D1 supply zone & range high) 📏 Risk:Reward: Minimum R:R = 1:3.1 🧠 MANAGEMENT STRATEGY: – Risk 1%–2% depending on account type – Once TP1 hits → move SL to BE – Secure partials at TP2 – Let runner target TP3 with trailing SL above structure lows – Re-entry only allowed on fresh confirmation post TP1 ⚠️ Confirmation Criteria: – H1 bullish engulfing or pin bar inside entry zone – Volume uptick on entry candle close – Preferably during London or NY session – Bonus: M15–M30 divergence or inducement confirmation ⏳ Trade Validity: Valid for 2–4 days (HTF swing structure – moderate cycle) ❌ Invalidate if price closes below 2.2470 or H4 BOS to downside 🌐 Fundamentals & Sentiment Confluence: ✅ COT shows GBP neutral-to-positive flow ✅ NZD weakness driven by soft dairy exports + RBNZ dovish tone ✅ Global sentiment = neutral to mild risk-on, favoring GBP cyclical strength ✅ No major red news for either currency in next 24h = ideal execution window 📋 Final Summary: Looking to buy GBPNZD on a retracement into refined demand zone between 2.2575–2.2605, aligned with D1 bullish structure and H4 rejection confluence. Tight institutional structure, optimal risk curve, and clean invalidation zone. Confirmation required – DO NOT ENTER EARLY. This is a controlled swing entry with >1:3 R:R potential.
Long
by jibkhan111