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British Pound / New Zealand Dollar

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GBPNZD trade ideas

Buy GBP/NZD Bullish ChannelThe GBP/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position around the current price of 2.0785, positioned close to the channel support. This offers an entry point near potential buying pressure. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 2.0868 and 2.0906. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the channel, ideally around 2.0735. This helps limit potential losses if the price unexpectedly breaks down and invalidates the bullish pattern. Thank you.
Long
by KABHI_TA_TRADING
1
GBPNZD LONGMarket Structure Bullish on HTF Daily and Weekly Weekly and Daily at same AOI Weekly Rejection at AOI Potential Structure Point Weekly Weekly Head and Shoulder Formation Daily Head and Shoulder Formation Daily EMA Retest Daily Rejection at AOI Around Psychological Level 2.06000 H4 EMA retest 75% +3 REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#Boost
Long
by mobbie_zw
GBPNZD Massive Short! SELL! My dear subscribers, This is my opinion on the GBPNZD next move: The instrument tests an important psychological level 2.0811 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.0712 My Stop Loss - 2.0879 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPNZD forming bearish head and shoulders?GBPNZD - 24h expiry Price action looks to be forming a top. A bearish Head and Shoulders is forming. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. The 50% Fibonacci retracement is located at 2.0790 from 2.0915 to 2.0666. The hourly chart technicals suggests further upside before the downtrend returns. We look to Sell at 2.0790 (stop at 2.0840) Our profit targets will be 2.0670 and 2.0640 Resistance: 2.0790 / 2.0840 / 2.0900 Support: 2.0690 / 2.0625 / 2.0560 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
GBP/NZD Possible Head and Shoulders Pattern Can Be Caught Soonon the 4h timeframe we can see the pair draw its own scenario after forming a head and shoulders pattern which is a reversal pattern. i will explain shortly how to trade it and where exactly to put our sell trade. in this case we have the left shoulder and the head are formed we are waiting for the right shoulder to be formed. we can measure with our fib tool our top will be the head and our bottom will be the neckline. at 61% or 71% fib level we can expect the point of the right shoulder. you can put a limit sell order or wait for a bearish price action around those levels
Short
by FX_Elite_Club