Trade idea - GBPNZD Long1H
Corrective approach towards entry zone.
Market moving in Descending channel.
= Instant market execution Buy.
1.5% risk.
Aiming to take full profit at Daily TP.
NZDGBP trade ideas
[GBPNZD] Short SetupFollowing the OANDA:GBPAUD analysis, this asset will be correlated so warning.
Here is a great short entry opportunity for me for a swing.
Will manage the trade live for the TP regarding the market conditions.
Great Trade !
GBP_NZD WILL GO DOWN|SHORT|
✅GBP_NZD has retested a key resistance level of 2.1360
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 2.1233 is likely
SHORT🔥
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GBPNZD: Bearish Continuation & Short Signal
GBPNZD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short GBPNZD
Entry - 2.1287
Sl - 2.1343
Tp - 2.1183
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD POSSIBLE SELLThe market is currently testing the current weekly Fib area 0.786. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern.
We could see Sellers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
GBPNZD - Analysis & ICT EducationThis is some recent price action on GBPNZD.
I show my analysis and give some tips on what I am looking at in terms of ICT's Concepts.
Overall, the bias for higher prices looks very strong.
- R2F
A little sell scalping idea On this chart, the price has been ranging within a tight little zone. This could be a decent little scalping setup for a sell trade. Ideally, the entry will be where the price is closest from below to the trend line. This means as soon as the price comes up to the lower trend line just to kiss it and say bye.
GBPNZD to see a temporary move lower?GBPNZD - 24h expiry
The medium term bias remains bullish.
We look for a temporary move lower.
The sequence for trading is higher highs and lows.
Preferred trade is to buy on dips.
Bespoke support is located at 2.1230.
We look to Buy at 2.1230 (stop at 2.1200)
Our profit targets will be 2.1350 and 2.1410
Resistance: 2.1350 / 2.1410 / 2.1470
Support: 2.1230 / 2.1200 / 2.1140
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.
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#GBPNZD 1DAYGBPNZD Daily Chart Analysis
Buy Opportunity:
The GBP/NZD currency pair presents a favorable buying opportunity based on recent technical indicators and market analysis.
Buy Level: 2.12200
At this level, the pair appears poised for an upward movement. Entry at 2.12200 aligns with current market conditions and sets the stage for potential gains.
Target Levels:
1) 2.14000 - Initial target level where the pair may face resistance but could offer a solid short-term profit.
2) 2.16000 - Intermediate target, providing a potential for more substantial gains as the pair continues its upward trajectory.
3) 2.18000 - Long-term target, representing the optimal exit point for maximizing returns based on the current trend analysis.
Description:
The GBPNZD pair has shown a bullish pattern on the daily chart, suggesting a potential upward trend. After consolidating at the buy level of 2.12200, the pair is expected to advance towards the target levels. The technical indicators support the idea of upward momentum, with strong resistance levels anticipated at 2.14000, 2.16000, and 2.18000.
Traders should monitor the pair closely for any signs of reversal or resistance at these target levels. Adjusting stop-loss levels to secure gains as the price moves in the desired direction is recommended.
Disclaimer: Ensure to conduct your own analysis or consult with a financial advisor before making trading decisions.
British Pound / New Zealand Dollar Hey traders
We have GBP / NZD lined up nicely, this area hasn't been touched since 2020 and the time before that was 2016, my confluences are all saying this is going to drop, but like anything in trading we all know this is probability, so use good risk management.
Please like comment and follow cheers
This chart material is for education purposes only / Demo account should be traded only
Entry 2.18836
Sl 2.20600
Tp 2.01800
GBP/NZD: Bullish Confluence Signals Upside Potential In this setup on GBP/NZD, several bullish confluences align to signal potential upside movement towards the recent highest high. The anchored VWAP provides strong dynamic support, where the price has bounced off after a clear 3-wave corrective structure (ABC). The completion of the (C) wave is highlighted by a powerful bullish engulfing candle, suggesting that the corrective move has ended, and the price is primed for a continuation upwards.
Traders looking to enter long positions could target the recent high at 2.13478, where previous resistance may act as a target zone. With the combination of AVWAP, Elliott Wave correction, and the engulfing candle, this setup presents a compelling case for a long position in the direction of the trend.
GBPNZD Reverses from Bearish Trend After Breaking Key TrendlineThe GBPNZD currency pair had been falling since 30 July 2024 , hitting a low of 2.0990 by 29 August 2024 . After that, the price started to show strength, suggesting the downtrend was losing steam.
On 3 September 2024 , the price broke above the trendline, which was acting as resistance. This breakout signaled a change in direction, and the pair began to move upward, indicating that the market was turning bullish after the previous month of declines.
In simpler terms, the downtrend ended, and the market started going up after breaking through the resistance line.
GBP NZDTHIS IS MY SETUP FOR GBP NZD
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
GBP/NZD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
It makes sense for us to go short on GBP/NZD right now from the resistance line above with the target of 2.097 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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GBP_NZD LOCAL SHORT|
✅GBP_NZD will soon retest a key resistance level of 2.1360
So I think that the pair will make a pullback
And go down to retest the demand level below at 2.1293
SHORT🔥
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GBP-NZD Will Go Down! Sell!
Hello,Traders!
GBP-NZD made a retest
Of the horizontal resistance
Of 2.1350 and then broke the
Rising support line so we are
Locally bearish biased so
We will be expecting
A further local move down
Sell!
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Check out other forecasts below too!
GBPNZD 12/09/2024Weekly:
-Bullish M pattern.
Daily:
-Bullish M pattern.
-Inverse H&S pattern.
-IC.
4H:
-Bullish M pattern.
-Inverse H&S pattern.
-IC.
GBPNZD Will Go Down From Resistance! Short!
Here is our detailed technical review for GBPNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2.127.
Considering the today's price action, probabilities will be high to see a movement to 2.116.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBP_NZD BEARISH BIAS|SHORT|
✅GBP_NZD went up to retest a horizontal resistance level of 2.1360
Which makes me locally bearish biased
And I think that a move down
From the level is to be expected
Towards the target below at 2.1200
SHORT🔥
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GBPNZD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for GBPNZD below:
The price is coiling around a solid key level - 2.1281
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2.1157
Safe Stop Loss - 2.1354
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPNZD LONGGBPNZD LONG bullish trend continuation.price created support on bullish trend. entry at fvg.
Lingrid | GBPNZD double TOP the RESISTANCEFX:GBPNZD has fallen below the 2.1300 resistance zone. Observing the past few daily candles, we can see the formation of rejection bars with long wicks, indicating potential bearish pressure in the market. Recently, the market has also formed a double top pattern, suggesting that bullish attempts were rejected twice, reinforcing the selling sentiment. Given this price action, I expect the market to move lower, potentially breaking through the upward channel that has formed. This channel appears to be a pullback against the overall major bearish trend, and a successful break below it would likely signal further downside momentum. My target is the support level at 2.11800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
