GBPNZD Clear Breakdown of SupportGBPNZD will maybe retest lower support, making a good target for sellers, clear bear flag formation
GBPNZD trade ideas
GBP/NZD BULLS ARE STRONG HERE|LONG
Hello, Friends!
GBP/NZD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2.143 area.
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GBP_NZD SWING LONG|
✅GBP_NZD is trading along the rising support
And as the pair will soon retest it
I am expecting the price to go up
To retest the supply levels above at 2.1132
LONG🚀
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gbpnzd buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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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 Long IdeaFrom the weekly time frame market as been breaking structure to the upside confirming the bullish trend.
On daily there is a pull back to a SnR zone at 0.382 fib level, in which market as find demand.
We will now wait for a break of counter trendline for our entry.
A BULLISH ENGULFING CANDLE break of the counter trendline. And we might get RSI divergence which will add as additional confluence to go long.
Lingrid | GBPNZD consolidation before EXTENSION. ShortThe price perfectly fulfills my last idea. It hit the target. FX:GBPNZD is currently consolidating between resistance and support levels. On the daily timeframe, the price has experienced a bearish movement, and for the past two weeks, the market has repeatedly tested the same support level. I believe that a break below this support is likely, which would lead to an impulsive bearish move. At this stage, I anticipate a potential downward movement by breaking through last week's low. If the price successfully breaks and closes below the support level, I expect the further bearish trend to continue. My target is the support level around 2.10050
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBPNZD - One of the EASIEST Setups to TradeHere on the GBPNZD we have one of the easiest technical setups to trade in my opinion. I say that because in this particular breakout opportunity all we have to do is WAIT until the market shows us which way it wants to go & then be prepared to take advantage of the opportunity once it does.
If you have any questions or comments about the setup or anything else trading related feel free to leave it below.
and I hope you guys have a safe Friday and an enjoyable weekend.
Akil
GBPNZD: Long Signal with Entry/SL/TP
GBPNZD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPNZD
Entry Point - 2.1021
Stop Loss - 2.0906
Take Profit - 2.1261
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD Bearish Move: Targeting 2.11574 (15 min chart study)GBPNZD is expected to continue its bearish momentum from 2.12300, with an initial target at 2.11574. If the downtrend persists, the next key support is at 2.11039. Let's see how it plays out.
GBPNZD is in Selling Direction after testing TrendlineHello Traders
In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes GBPNZD market update)
🟢What is The Next Opportunity on EURNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPNZD Sept Trade PlansGBPNZD has fell out of recent ranges to key support (price action) levels.
This comes via NZD weakness on slight risk on pre GDP and post Nvidia earnings.
GBP/NZD Trade Setup: Short Position on Head and Shoulders Patter
I've identified a head and shoulders pattern on the 12-hour and daily charts for GBP/NZD and have initiated a short position based on this classic reversal setup.
I'm opening two trades for this setup:
The first entry is at 2.11218, near the neckline of the head and shoulders pattern.
The second entry is at 2.11487, triggered by a 12-hour close below the neckline, confirming the pattern.
This dual-entry approach allows me to capitalize on both the initial break and the confirmed move, enhancing my overall position. I'll be monitoring the trade closely and will provide updates as it progresses.
GBP/Nzd Short D1Sell Entry @ 2.11452
S/L @ 2.19057
T/P1 @ 2.08220
T/P2 @ 2.03707
R.R.R. @ 1/1
Pure Price Action analysis based on Breakout of target level and Chart pattern.
Bearish H&S -OpportunityA bearish Head and shoulder pattern break down has established as an opportunity. The price is below the 20 and 200 Ma, giving a high probability bearish opportunity.
GBPNZD bearish expectations
GBPNZD price break zone, here expectations bearish still to see in next days
TP: 2.10950 (250)
TP2: 2.09250 (400)
GBP/NZD - Daily AnalysisOverall on the weekly time frame we are seeing an uptrend.
The daily chart shows a correction forming after a bearish impulse (potentially a correction of a weekly move from the buyers).
If we can see a close below daily support, then this may lead to another bearish impulse back to the overall trendline.
GbpNzd ShortsNice intraday setup, we have been rejecting the demand zone for some time now and the zone is clearly weakening for the sell off to the next zone. We can enter now with small risk or wait for a break and retest scenario. #Keepitclean.
GBP/NZD Longprice bounced off of a major support then rejected off of a OB for to continue to go to the upside
GBPNZD Weekly Analysis and OutlookGBPNZD Weekly Analysis and Outlook
This week, the GBPNZD pair appears to be gearing up for a continuation of its uptrend, following a brief downward correction on the hourly timeframe. This pullback seems to have provided the necessary consolidation, positioning the pair for a renewed upward movement.
Current Market Overview :
After experiencing a short-term downward trend, the GBPNZD pair found support at a key level, halting the decline and suggesting the potential for a reversal back into its broader uptrend. The correction allowed the pair to cool off from recent highs, and the current market conditions indicate a readiness to resume the upward trajectory. As the pair begins to recover, traders should watch for a break above near-term resistance levels, which would confirm the resumption of the uptrend.
Expectations and Potential Scenarios:
Given the recent stabilization, we expect the GBPNZD to continue its upward movement in the coming sessions. The pair's ability to maintain support during the pullback suggests that the overall bullish structure remains intact, providing a strong foundation for further gains.
Primary Expectation:
If the pair successfully breaks above the immediate resistance following this correction, it is likely to continue climbing towards higher resistance levels. This scenario would validate the uptrend and offer favorable conditions for long positions.
Alternative Scenario:
However, if the price struggles to break through the resistance and encounters renewed selling pressure, we may see another brief pullback. Traders should consider this possibility, as it could present additional opportunities to enter the market at more attractive levels before the uptrend resumes.
Conclusion:
In summary, the GBPNZD pair is poised to continue its upward trend after a short-term correction on the hourly timeframe. Traders should focus on the upcoming resistance levels as potential catalysts for renewed bullish momentum. By staying alert to both bullish and corrective scenarios, you can effectively navigate the market and adjust your strategies as needed.
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GBPNZD Head and shouldersOn this trade we have a clear head and shoulders but the reason for publishing this trade is that i think EUR and GBP will drop.
The neckline of this head and shoulders is slightly skewed is more like a trendline and I don't like trendlines as they are not reliable so I will the blue horizontal level for my breakouts to avoid fadeouts.
I will be aiming for a fixed 2.5R but will consider taking profits at 2R
GBP/NZD Continuation of down trendAs you can see on fib, price only pulls back to breath. And if you look on Daily TF the FVG is still unmitigated. Only look for short position opportunity. Until the FVG on daily is mitigated and wait for confirmation.
Weekly TF is still on the trend line (Bullish)
GBPNZD Head and Shoulder Pattern - Bearish The Pattern looks to be forming SHS sign and also the red down trend is respected then a fall may be possible at the downside. Have a profitable trade.
GBPNZD UpdatedHello traders,
Here I will be sharing trades and analysis for GBPNZD analysis, positions & updates.
I think 🤔 GBPNZD is long on weekly, uptrend direction and it is suitable time for swing long positions.
I see targets 2.3700 & 2.5500
