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British Pound / New Zealand Dollar

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GBPNZD trade ideas

GBPNZD conscious LONGAfter market formed inverse head and shoulder on weekly and daily then broke it, market as been breaking structure to the upside which solidifies the uptrend move. market is pulling back into an SnR zone in confluence with fib 50% level and trendline touch. Market can break through this level which will open up the next SnR zone, this will mean market wants to give a proper retest on the inverse head and shoulder that was broken. WAIT FOR A BULLISH CANDLESTICK PARTTERN BEFORE GOING LONG
Long
by Bello-swings
GBPNZD Weekly Analysis and OutlookGBPNZD Weekly Analysis and Outlook This week, the GBPNZD pair has shown a pronounced downward trajectory, closing in a bearish continuation phase. This downward momentum indicates a negative sentiment among traders, suggesting further potential for a decline. Current Market Overview: The pair has been steadily moving downwards, supported by unfavorable market conditions and bearish sentiment. As it approaches a key support zone, traders should closely monitor the price action. A successful break below this support would likely confirm the continuation of the bearish trend. Expectations and Potential Scenarios: Upon breaking the support zone, we anticipate that the GBPNZD will continue its downward momentum. This breakout could open the door to lower levels, offering traders potential opportunities to capitalize on the bearish trend. Primary Expectation: If the support is broken, the price is likely to sustain its downward movement, potentially targeting lower support levels. This scenario would reinforce the bearish outlook, making it a favorable environment for short positions. Alternative Scenario: However, if the price encounters strong support and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at higher levels before resuming the downward trend. Conclusion: In summary, the GBPNZD pair is poised for further downward movement following its recent bearish phase. Traders should watch for a decisive break below the support zone, which could serve as a catalyst for continued declines. Maintaining awareness of both bearish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly. By Piptera Digital Solutions, Invest Wisely!
Short
by Piptera-Digital-Solutions
GBPNZD Sellers In Panic! BUY! My dear friends, Please, find my technical outlook for GBPNZD below: The instrument tests an important psychological level 2.1461. Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.1629 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
Long
by AnabelSignals
2
GPBNZD Weekly NEEDS TO PULL BACK SOON!!!GBPNZD Has been bullish for 28 days without any type of healthy pullback, we know what happens next. there are multiple strong confluences around 2.14794 - 2.14936 Confluences has moved 867 pips in 24 days has found resistance. Has been bullish for 28 days is currently struggling to close above 2.1483. There is a Trendline from march 2020 which it is currently reacting off. It is reacting off a rejection point 2.14775 Rejecting off -0.27 Fibonacci target GBPNZD Daily TF 2.12389 - 2.12118 is my area of interest where think GBPNZD will pull back to which works out 230/260 pips then we should see an reaction from that area GPBNZD 4Hr TF Reasons to turn bearish Currently struggling to break 2.14831 and close above. Triple tap. Nice 4hr rejection candlestick. Moved 800 pips which means there needs to be a pull back nothing keeps soaring without a pullback. My area of interest is 2.12389 - 2.12118 is where I expect to see a pull back to and we should see an reaction. GBPNZD 1Hr TF Confluences 1hr candlestick rejection Triple tap rejecting off 0.786 Struggling to close above 2.14831
Short
by ChartStrategist
GBPNZD I Technical forecast and trading plan Welcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
6
GBPNZD PRINTING REVERSAL PATTERAN ON 1HTechnically: GBPNZD is printing Double top pattern which is clearly indicate the reversal. BXY is Bearish on Daily time frame ZXY is bullish on daily time frame Fundamentally: COT reports of this week and previous weeks clearly shows that Big players consistently increasing shorts positions of GBP and long positions of NZD. Sentiments: GBPNZD 90% Shorts. Trade Plan: Entry :2.17825 Stop Loss: 2.18960 TP1: 2.16671 (1:1) TP2: 2.15535 (1:2) Take Trade Your own Risk Good Luck
Short
by rizwanahmed0603
1
#GBPNZD more bearish move to comeThis is my prediction for GBPNZD for the next couple of days. As you can see in the chart, the price seems to be completing a 5-wave bearish impulsive move, which could end by tomorrow. Following this bearish move, we could assume a bullish corrective ABC formation, which could take us all the way back to the level indicated by the arrow. From there, we could expect another impulsive bearish move, which could be either wave 3 or wave C. We do not know this for sure at this point, so we should wait and analyze the price action once the time is relevant. Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
by mohemati
8
GBPNZD - Long from bullish order block !!Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 2.15000. Fundamental news: Tomorrow (GMT+3) we will see result of Interest Rate on GBP, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBP/NZD Analysis and Sell Trade Review ### GBP/NZD Analysis and Sell Trade Review #### Market Context: 1. **Swing High Taken Out**: This indicates that the market has reached a new high, possibly triggering stop-loss orders from traders who were short. This event often signals a potential reversal or significant pullback as liquidity above the swing high is captured. 2. **Fair Value Gap (FVG) Created**: An FVG represents a price imbalance where the market moved rapidly, leaving a gap in the order flow. This gap can act as a resistance area where the price might reverse or consolidate before continuing its previous trend. 3. **Change in Status Delivery**: This term suggests a shift in market dynamics, potentially indicating a change from bullish to bearish sentiment. This change might be confirmed by a break in market structure, such as the formation of lower highs and lower lows after the swing high is taken out. #### Sell Trade Setup: Given these conditions, here is a structured approach to a sell trade: 1. **Entry Point**: - After the swing high is taken out, wait for the price to enter and react from the FVG. Look for bearish reversal patterns or confirmation signals, such as bearish candlestick formations (e.g., pin bar, engulfing pattern) or a break below a key support level within the FVG. 2. **Stop Loss**: - Place the stop loss above the recent swing high or above the upper boundary of the FVG. This helps protect against false breakouts or continued bullish momentum. 3. **Target Levels**: - The first target could be the nearest significant support level or the low of the previous consolidation range. - Further targets can be set at key Fibonacci retracement levels or prior swing lows, where price might find support. #### Trade Management: - **Risk Management**: Ensure a proper risk-to-reward ratio, ideally aiming for at least 1:2 or 1:3. - **Trailing Stop**: As the trade moves in your favor, consider trailing the stop loss to lock in profits and minimize potential losses. - **Monitoring News and Events**: Keep an eye on economic news and events that might impact GBP/NZD, as they can cause sudden market volatility. #### Example Scenario: - **Entry**: After price takes out the swing high and enters the FVG, a bearish engulfing candle forms, indicating a potential reversal. Enter a sell position at the close of this candle. - **Stop Loss**: Set the stop loss above the swing high. - **Take Profit**: Set the first target at the previous swing low, and additional targets at further support levels or Fibonacci retracement zones. By following this structured approach, you can manage your GBP/NZD sell trade effectively, aligning with the observed market conditions and technical analysis.
Short
by Asif_Brain_Waves