GBPNZD trade ideas
Short continuation on GBPNZDThe overall trend is down.
Market broke lower yesterday.
The market did a retracement.
On the hourly we can see the trigger candle in this the bearish engulfing.
Entry initiated on the running candle with a risk reward of 1: 1.
Potential of a second entry later on the day.
GBPNZD May Rise Up to 2.1350GBPNZD May Rise Up to 2.1350
Yesterday, the NZD’s strength was bolstered by positive news about China’s significant stimulus measures. As a result, GBPNZD quickly dropped by nearly 210 pips within a few hours. However, the bearish breakout turned out to be a false breakout. The price rebounded above the zone, erasing most of the losses.
GBPNZD may now rise easily to the first resistance zone at 2.1280, with a potential maximum target of 2.1350 based on our analysis.
You may find more details in the chart!
Thank you and Good Luck!
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GBPNZD(Short)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.
#GBPNZD 4HGBPNZD (British Pound / New Zealand Dollar)
Timeframe: 4-Hour (4H)
Pattern: Expanding Pattern
An expanding pattern, also known as a broadening formation, has been identified on the 4-hour chart of the GBPNZD pair. This formation signals increasing volatility and market indecision, often leading to a strong breakout in either direction after completion.
In this case, the pattern appears to be forming higher highs and lower lows, indicating widening price movements.
Forecast: Buy
The current analysis suggests a potential buying opportunity within the pattern. The pair may continue moving upwards from the lower bound of the pattern, likely targeting the upper resistance area formed by the expanding structure.
Technical Outlook:
Support Zone: The lower boundary of the expanding formation, acting as a dynamic support.
Resistance Zone: The upper boundary of the pattern, serving as dynamic resistance.
*Key Levels to Watch: The breakout or bounce near these key zones.
A break above the upper boundary would confirm a bullish continuation, with momentum favoring more upside potential.
Make sure to watch for confirmation signals like volume increase or momentum indicators to validate the entry.
GBPNZD: Bear Trap & Potential Bullish Movement 🇬🇧🇳🇿
GBPNZD is trading within a wide horizontal range on a 4H time frame.
Its support was tested yesterday.
Analysing the price action on an hourly time frame,
we can see a bearish trap, followed by a strong bullish imbalance
and confirmed change of character.
With a high probability the market will start recovering soon and reach
at least 2.124 level.
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Bearish move correctionAfter hitting 1:5 target and securing 150 pips from the one directional bearish movement, price started to consolidate indicating loss of bearish momentum before mitigating the 4h order block. From this order block we have cleared the swing high for displacement, now we are looking for bullish opportunities because price is expected to hike in order to correct the one directional bearish movement. Anticipating a minor pullback slightly below the imbalance for a bullish entry. The ideal entry level is at 2.11400 because a sweep is expected, risking 30 pips with stop loss at 2.11100 which is below the low at 2.11204 and targeting 150 pips at price 2.12900 which resonates order block that lies between levels 2.12800 and 2.13000...
GBPNZD Double top on the resistanceGBPNZD has dropped below the 2.1300 resistance zone. Recent daily candles show rejection bars with long wicks, hinting at growing bearish pressure. Additionally, a double top pattern has formed, indicating that bullish attempts have been rejected twice, strengthening the selling sentiment. Given this setup, the price may continue to decline, potentially breaking below the upward channel that seems to be a corrective pullback against the prevailing bearish trend. A break below this channel would likely signal further downside movement. The target is the support level at 2.11800
GBP/NZD in Ranging Trend, Bearish Move ExpectedGBP/NZD is currently experiencing a ranging trend on the 1-hour timeframe, heading towards the lower end of the range. I expect the pair to reach the 2.12005 level. The ranging trend is also respecting the upper and lower levels of the RSI, indicating overbought and oversold conditions. This presents an ideal opportunity to sell, in my view.
Higher timeframe resistancePrice mitigated the internal daily supply zone, which is now acting as the highest timeframe resistance. After the mitigation a retracement occurred in a corrective manner to give us a contraction before the volatile move that cleared the swing low at 2.12600. With the swing low being cleared, we have a shift and price has already triggered the breaker block as indicated. We now was liquidity generated about, looking for the liquidity to be swept and the order block to be respected for a clean bearish entry at 2.13200. The stop is 30 pips which is at 2.13500 and the target is 2.11700 which is a total of 150 pips, the anticipation is a 1:5 trade…
USD/CAD Short, NATGAS/USD Short and GBP/NZD LongUSD/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NATGAS/USD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/NZD Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBPNZD Will Explode! BUY!
My dear followers,
This is my opinion on the GBPNZD next move:
The asset is approaching an important pivot point 2.1172
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2.1229
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBPNZD: Expecting Bearish Continuation! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPNZD chart which, if analyzed properly, clearly points in the downward direction.
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GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/NZD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.125 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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