GBPNZD BUY OPPORTUNITY.gbpnzd my bias is long .it broke stracture to the upside with good momentum.i will wait for retracing.
NZDGBP trade ideas
Buy GBP/NZD Channel BreakoutThe GBP/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2.2053
2nd Support – 2.2132
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GBPNZD Bullish ContinuationGBPNZD price seems to exhibit signs of overall bullish momentum as the price action may form a credible Higher Low on key Fibonacci levels.
Trade Plan :
Entry @ 2.2102
Stop Loss @ 2.1824
TP 0.8 - 1 @ 2.2324 - 2.238
GBP/NZD Daily AnalysisPrice action on the daily chart is moving within a bullish channel.
Channel resistance is where price has reversed twice so far and maybe a third time at the end of last weeks trading.
Look for sell setups if price starts to move as predicted.
GBP/NZD Overbought, slight correction - short term tradeHi guys, making up a short term trade on the GBP/NZD ,because it is very overbought and has reached higher resistance level on 1H time frame and 4H time frames.
Entry : 2.21970
Target: 2.20998
Stop : 2.22452
As always my friends happy trading!
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Sell GBP/NZD Triangle PatternThe GBP/NZD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation.
Target Levels:
1st Support – 2.1983
2nd Support – 2.1860
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Best Regards, KABHI FOREX TRADING
Thank you.
GBPNZD: Potential 400-Pip Bearish Reversal SetupGBPNZD is showing signs of a potential bearish reversal, with a possible move of 300-400 pips. While the bulls remain in control for now, a strong bearish engulfing candle has formed on higher timeframes, such as the 8H and 10H charts. This indicates the possibility of price reversing and re-entering the previous trading range. If confirmed, this setup could present a 400-pip sell opportunity.
GBPNZDSwing Trading idea for GBPNZD. This is my idea since it has been a long time that and I believe this is we here the cycle to recycle.
GBPNZD-SELL strategy 3D chart GANN SQThe pair has been gravitating between 2.2050 - 2.2420 and came down sharply from those high levels. it is extremely overbought, and GANN resistance seems clear. the support lower is 2.1700s which will be attracted overtime.
Strategy SELL between 2.2090 - 2.2150 and take profit near 2.1835 for now. note: it is a medium-term view.
GBPNZD is in Selling DirectionHello 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 GBPNZD Market
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GBP/NZD 4H Timeframe AnalysisGBP/NZD 4H Timeframe Analysis
Trend Analysis:
In the 4H timeframe, the GBP/NZD pair is currently in an uptrend, characterized by the formation of higher highs and higher lows. Recently, the price broke through the minor key resistance level at 2.2000, indicating strong buying interest and accumulation of buy orders. However, the price subsequently retraced and broke below this minor key resistance, leading to a manipulation phase that likely liquidated many buyer stop-loss positions.
Despite this pullback, liquidity has already formed in the market, and we anticipate the potential for additional liquidity to develop within the liquidity zone. Our primary objective now is to wait for the price to move upward again, aiming for a breakout above the 2.2000 level.
Price Action Expectation:
We expect that if the price successfully breaks above the minor key resistance at 2.2000, it will signal renewed buying momentum. To capitalize on this potential breakout, we will place a buy stop order just above the resistance level.
Trade Setup:
Trade Type: Buy Stop
Entry Price: 2.20030 (just above the minor key resistance)
Stop Loss: 2.19230 (positioned below the liquidity zone to protect against adverse movements)
Take Profit: 2.21890 (targeting the next minor key resistance level)
Fundamental outlook:
Impact on GBP/NZD:
The UK GDP m/m data is a crucial economic indicator that reflects the overall economic health of the UK. A stronger-than-expected GDP growth can lead to increased confidence in the British economy, potentially strengthening the GBP against other currencies, including the NZD. Conversely, a weaker GDP figure may lead to a depreciation of the GBP.
Positive GDP Growth:
If the GDP m/m shows an increase, it may reinforce the bullish sentiment for GBP/NZD, supporting the anticipated breakout above 2.2000.
Negative GDP Growth: A decline in GDP could lead to bearish pressure on the GBP, which may hinder the price from breaking above the resistance level and could lead to further downside movement.
GBPNZD Can Be Finishing The Wedge PatternGBPNZD pair has been trading bullish for the last 2 years or so, but since 2023 we can see that price action is slowing down and that bulls are running out of steam.
It came even higher recently and it's testing the highs of the year, but we are tracking an ending diagonal a.k.a. wedge pattern, which can be in final stages of 5th wave. If we are correct, then strong and sharp reversal will show up in 2025.
The ending diagonal (wedge) pattern is a special type of wave that occurs in wave 5 of an impulse or in wave C of a correction. An ending diagonal pattern is a type of pattern that can occur at the completion of a strong move. It reflects a “calming” of the market sentiment such that price still moves generally in the direction of the larger move, but not strongly enough to produce an impulsive wave. Ending diagonals consist of five waves, labeled 1-2-3-4-5, where each wave subdivides into three legs. Waves 1 and 4 overlap in price, while wave 3 can not be the shortest amongst waves 1, 3 and 5.
The reason why they are so interesting is because they are indicating a reversal, usually a strong one.
GBPNZD FORECASTWhen I look the higher timeframe everything is looking good we have pattern within pattern which gives us an added advantage to look this pair with a close eye. We still need to be patient waiting for the confirmation before making any decision.
GBPNZD LONGActive trade. Got in at NY session. Decided to publish an idea after. Aiming for the -27 TP
Dail CLS within the Monthly CLS. Model 2 ShortDaily CLS within the Monthly CLS. Model 2 Short
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GBPNZD reaching for the 127% extension on the breakout. Intraday Update: The GBPNZD came very close to reaching the 127% extension of the July highs to August lows at 2.2214, intraday RSI's are overbought which is a risk for bulls near term. Bull flag is still in tact while above 2.1850.
GBPNZD SELL 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
GBP/NZD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are going short on the GBP/NZD with the target of 2.183 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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GBPNZD - Idea for a long position !!Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect price to continue the retracement to fill the imbalance and then to reject from bullish OB + institutional big figure 2.18000.
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GBP/NZD "Pound vs Kiwi" Forex Bank Heist Plan on BullishHello! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Target 🎯 : 2.21500
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[GBPNZD] Weekly Trendline RejectionNot the best setup for me, not very confortable with it but will start building slowly a short position with small size.
This analysis will follow the previous one on shorting GBP currency.
Great Trade !
GBPNZD SHORTS 2:1weekly: price is currently rejecting round psych level at 2.21000 which also is a perfect resistance that has not been broken since 23'.
daily: 3rd touch of rising wedge. Currently rejecting and starting creating lower lows on lower TF's. Price action wise price did reject creating an engulfing candle.
4h: price confirmed downside creating a lower low closing below 2.20250.
1hr: price is currently rejecting from round psych level at 2.20000 which is also 50% from fibonacci retracement.
