GBP/NZD Will Drop Soon Check The Analysisthe price is standing at a strong resistance we can enter a sell trade especially that we have a really good bearish price action
GBPNZD trade ideas
GBPNZD Swing ShortEntry: 1.13185
TP1: 2.086
TP2: 2.062
SL: 1.165
Price is well overbought on daily timeframe, approaching major resistance level.
GBPNZD - The Correction Is ImminentGBPNZD has shown an impressive rally in recent weeks.
Bearish divergences are now all too obvious, and retailer sentiment is also very bullish - a combination that warns bulls to be cautious.
We are trying to position ourselves in the market with a short and benefit from a very attractive RRR of around 2.6:1.
GBP/NZD Updated Trading Plans For Next WeekGBP strength following UK elections has brought us to new Tech areas.
GBP/NZD particularly is showing that strong momentum may carry us nearer long term short areas in trend.
Here's the case for either Long/Shorts.
GBPNZD Simple Trade Plans Into Next Week.Short side impetus feeding into the NZD couple with long side bias post July 4 Elections.
Continuous rallies take us to former short levels PRE UK data upcoming this week. Harsh momentum going into local short rejection highs may warrant more careful sizing.
Awaiting reactions into Mon for further entries. Potential areas above remain on continued sentiment bias taking price higher.
GBPNZD Trading Opportunity! SELL!
My dear followers,
I analysed this chart on GBPNZD and concluded the following:
The market is trading on 2.0774 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.0726
Safe Stop Loss - 2.0808
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBPNZD Countertrend ideaDaily overbought rsi forming
top of channel
liquidity to be swept to left
sell to bottom of channel
gbpnzd longsReasons for entry: It's good to have at least 2 but I have found 3. It is important to trade in discount or premium pd arrays for buying or selling, respectively.
1: htf pd array, daily fvg fill
2: EQ
3: Cisd
GBP/NZD - Short (Limit Order)The GBPNZD pair has seen some interesting movement lately. It has been trading in range since mid-June. Hoping to see a move to the bottom of the range.
I have a limit order set as follows:
Entry: 2.07844
Profit: 2.06338
Stop: 2.08204
1:4 trade targeting 150 pips.
GBPNZD Technical Analysis anda Trade Idea The GBPNZD has experienced a strong rally on the back of RBNZ data release being fairly dovish today. This has resulted in NZD to weaken somewhat offering a potential buy opportunity. This rally has overextended and I'm looking for an entry point on a pullback down into the 61.8% Fibonacci retracement level. In the video we talk about the trend market structure, price action and I attempt to simplify some ideas to help people who are new to trading understand how the markets work. This analysis is for educational purposes only and not to be construed as financial advice.
GBP.NZD Due to the news of New Zealand's interest rate, we see that the value of the New Zealand dollar has faced a decrease in value against most currencies. As you can see in the above chart, the value of the pound has also increased against this currency, and I have shown in the chart that if the trend weakens If this currency continues in the range of 1.1200, we will have the possibility of a price reversal, of course, from a technical point of view, and it is possible that the price will fall even earlier, and we must monitor the area between 1.1150 and 1.1200 to enter the short trade.
GbpNzd could rise and test 2.12 resistance (1:3 R:R)Since the beginning of the year, GBP/NZD has been on an upward trajectory, making higher lows and higher highs on the daily chart.
Last week, the pair briefly dropped below support, but this was a false break, strongly reversed by Friday's price action.
Currently, a new higher low seems to be forming.
In my opinion, the pair will continue its upward movement and test the previous high around 2.12.
My strategy is to buy on dips against the recent low, aiming for a 1:3 risk-to-reward ratio.
GBPNZD LONGDaily Bias Long
Fundamental
GBP is currently slightly bullish
NZD is slightly bearish
Price break out of consolidation from Key level of H4 & H1 consolidation.
This shows that price is extremely bullish to break out of 2 consolidation.
Set a long trade at the lower TF H1 resistance. with SL below H1 consolidation. Targeting H4 next keylevel. R:R 1:3 at least.
