GBPNZD - Potential reversal / failurePossible reversal point.
No confirmation yet.
Look for sell opportunities if price fails.
NZDGBP trade ideas
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
buy on GBPNZDwe have two arch symmetrical triangles forming the structure of the Paire having both of them forming an even bigger symmetrical triangle that has already been broken out with an impale that further confirms the upwards movement, moreover, having an inverse head and shoulder forming inside the pattern and has been broken out the zone of the neckline.
GBPNZDThe GBPNZD pair is approaching the top (Higher Highs trend-line) of the 7-month Channel Up and has already completed a +4.40% rise since its recent Higher Low. That is the exact rise % that the previous two Bullish Legs of the Channel achieved.
As a result this is close to the most optimal sell signal we can get. Both previous Bearish Legs that followed such top sell signals, reached at least the 0.618 Fibonacci retracement level. Therefore, our short-term Target on this pair is 2.09500.
GBPNZD - Channel topSterling is back for the first retest of resistance at 215. Looking for multiple tests of this level
before a break to the upside.
Momentum suggests price is OB presently. For the near term, Sterling is likely to turn lower to test channel support.
From there a third touch for a Double Top.
The Gartley would complete a channel break and then a fourth attempt to break resistance.
It is just an idea.
GBPNZD , SWING TRADEDont enter this week la ,
enter next week.
incase of swab chargers
4hr daily all RSI diverted , 50% fib , road block resistance.
GBPNZD Sell signal at the top of the Channel Up.The GBPNZD pair is approaching the top (Higher Highs trend-line) of the 7-month Channel Up and has already completed a +4.40% rise since its recent Higher Low. That is the exact rise % that the previous two Bullish Legs of the Channel achieved.
As a result this is close to the most optimal sell signal we can get. Both previous Bearish Legs that followed such top sell signals, reached at least the 0.618 Fibonacci retracement level. Therefore, our short-term Target on this pair is 2.09500.
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GBPNZD: Bullish Trend Continuation 🇬🇧🇳🇿
GBPNZD leaves clear bullish clues after quite an extended
correctional movement within a symmetrical triangle formation.
A breakout of its resistance line indicates a highly probable bullish
trend continuation.
The price may reach 2.152 level soon
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Forex Trading Signal: GBPNZDDirection: Buy
Enter Price: 2.14114
Take Profit: 2.14471333
Stop Loss: 2.13665333
Justification:
Based on the analysis conducted using the EASY Quantum Ai strategy, we recommend initiating a Buy position for the GBPNZD pair at the entry price of 2.14114. Several indicators suggest a potential upward movement in this currency pair:
- Trend Analysis: The recent trend suggests a bullish momentum as the pair has been showing higher highs and higher lows.
- Technical Indicators: Key technical indicators such as RSI and Moving Averages are aligning in a manner that indicates a continuation of the bullish trend.
- Economic Factors: Positive economic data from the UK compared to comparatively weaker data from New Zealand supports the bullish outlook.
- Market Sentiment: Current market sentiment driven by geopolitical and economic events favors a rise in the price of GBPNZD.
Kindly ensure your risk management strategies are in place, setting your Stop Loss at 2.13665333 to manage potential downside risks, and targeting a Take Profit at 2.14471333 for optimized gains.
Trade wisely and keep monitoring the market conditions.
End of Signal
6. GBP/NZDThis trade started with an optimal panorama. It appeared that GBO was on a reversal towards bear side. Entered the trade, price went down but soon got into a consolidation period. Alltough there were clear signs of reversal during final lapse of consolidation. I kept the position. Suddenly, price exploted on the oposite direction and went skyrocketing on bull side.
gbpnzdhello everyone, the price breakout of downtrend consolidation... day tf rsi above 50 and 4hr price above 200ma... shows sign of bullish momentum.. price will likely continue bullish and reach the target of 2.11..
GBPNZD LONGI think there is a rise to complete the reversed head and shoulders pattern
but must not break the uptrend line
GBPNZD Short From Resistance!GBP-NZD went up and
The pair is locally overbought
So as it is approaching
A horizontal resistance
Of 2.14941 from where
We will be expecting a
Local bearish correction !
Trade idea - GBPNZD Short4H
Bearish impulse / Break of last HL: indication.
Head & Shoulders pattern: confirmation.
Clear support & resistance zone is there.
1H POV
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Sell limit.
GBPNZD: DT Curve Analysis📉 As we analyze the GBPNZD, we observe a pivot high at 2.1587 and a pivot low at 2.00. If this downtrend curve analysis plays out, there may be an opportunity to sell at the significant resistance level of 2.146.
📊 Following that, we will encounter our first support level around 2.1, with the next support level at 2.08, which falls in the middle of the pivot range. It's important to note that there will likely be a lot of consolidation in this area.
📈 If the price closes below the mid-pivot, the downtrend is expected to continue. Conversely, a turnaround to the upside could occur at the major support level of approximately 2.0235.
🙏 Let's remain optimistic and hope for favor as we navigate the market.
GBPNZD Simple Trade Plans PRE New Zealand InflationA rampant GBP Post UK Elections and a dovish stance coming out the RBNZ have provided us with a significant rally to start to look short on (Carefully).
If CPI comes in higher, we may see a reversal of the latest NZD sentiment, ultimately dropping GBPNZD (not a given).
Short side bias comes at local highs, extreme push. Likely to weaken.
GBPNZD Bearish SentimentThe price has been strongly bullish for some time now and didn't pullback for correction yet. The price has met few resistances on higher timeframes D and 4h (horizonal and non horizontal) and broke the lower high on lower timeframes (15 and 30min). Additionally MACD showed divergence which added confluence to this idea.
Do I have your attention yet?You either hear me or you don't. Don't under estimate the power of a 16 year veteran.
BULLISH GBPNZDWith the beautiful break out of a daily demand zone along with a nice 1 HR candle breakout and retest of the demand zone, I'm Bullish biased concerning this pair.
1:3 Risk Reward as usual Traders please make sure you use proper risk management and lot sizes that equal your SL risk percentage per trade!!
Good luck And YAH bless you all
Thank you please like boost and follow for more trade setups and ideas I have in the market!
GBPNZD - Potential Perfect StormTaking a look at RSI on the 1 hour timeframe, it's obvious we are getting some bearish divergence after a strong week long rally.
This strong bullish price action was attributed to the RBNZ interest rate decesion last week where interest rates were left unchanges at 5.50%
However, later today we get the latest CPI data from New Zealand followed by UK's CPI data a few hours later. Could this be a potential perfect storm where New Zealand will show a surprise to the upside followed by a surprise to the downside with the UK?
If that happens, I would expect this ascending support trendline to break opening the doors for a reversal.
Time will tell but early clues are beginning to develop on the 1 hour timeframe with RSI.
That's it - That's all
Trade Safe.
