NZDGBP trade ideas
GBPNZD Buy setup (SMC EDITION)We have a bullish trend⬆️ on the Pound/New Zealand dollar pair. We have a 4hr demand zone that broke structure and was recently mitigated. But when we drop down to 2H TF, we can see an UNMITIGATED 2H demand zone. Above the zone is a swing high that broke structure to the upside as per trend ☑️. Now this swing low has also a zone of liquidity, which can be good target for sellside liquidity. The unmitigated demand zone did sweep liquidity 🟠 before breaking structure 🔴. It is also inside our 4H demand zone.
Entry:
1. Risk entry with SL below order block
2. Confirmation entry after mitigation
RR=1:5
GBPNZD - Long from bullish OB !! 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. My point of interest is price to fill the imbalance lower and then to reject from bullish OB + level 2.14000.
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GBPNZD 1-Hour Chart: Expecting a Drop to 2.1310 Before ReboundGBPNZD 1-hour chart, we think the price, currently at 2.1387, will drop further to around 2.1310 - 2.1320. From there, we expect it to start going back up. The pair is moving within a descending channel, so we believe it will continue to follow this pattern.
GBPNZD 4-Hour: Expected Decline Towards 2.1340 Support LevelAfter hitting resistance level of 2.1570, GBPNZD has started to fall. We expect the price to keep dropping until it reaches the support level at 2.1340. We believe this is where buyers will likely enter the market and start buying, possibly pushing the price back up to 2.1570. If the support at 2.1340 is broken, the next critical levels to watch will be around 2.1286 and 2.1310.
GBPNZD H2 XABCD advanced buy/hold trade setup🔸Hello traders, let's review the 2 hour chart for GBPNZD.
Speculative XABCD in progress, with PRZ/D set at 2.1100,
so expecting more losses in GBPNZD before reversal from PRZ/D
🔸XABCD structure is defined by point X at 1155, point A at 1330, point B
at 1200, point C at 1360, point D/PRZ at 1100, currently most points validated, point D/PRZ still pending, so traders should wait until we hit D before buying.
🔸Recommended strategy for GBPNZD traders: wait for pullback/correction
to complete at point D near 1100, buy/hold, SL 80 pips, TP1 +175 pips TP2
+250 pips. BUY/HOLD at point D/PRZ at 1100. swing trade setup. good luck!
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GBPNZD Will Go Higher From Support! Long!
Please, check our technical outlook for GBPNZD.
Time Frame: 30m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2.138.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.142 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPNZD Long PositionSince August, price has been consolidating around a significant resistance zone, testing it five times without breaking through. On the sixth attempt, we finally saw a decisive breakout, signaling strong bullish momentum.
Currently, price has pulled back to retest that broken resistance, which now aligns perfectly with the 61.8% Fibonacci retracement level a key area for continuation in trending markets. Additionally, price has respected a rising support trendline while simultaneously retesting a broken resistance trendline from below, giving further confluence to this area as a solid demand zone.
What strengthens the bullish case even more is the clear formation of an inverted head and shoulders pattern, with the neckline already broken and now being retested. This is a classic reversal signal, and the fact that the retest coincides with multiple technical factors gives us a high level of confidence in a potential bullish continuation.
GBP/NZD LONG FROM SUPPORT
Hello, Friends!
Bullish trend on GBP/NZD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 2.144.
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GBPNZD - Short Trade IdeaHi everyone! The GBPNZD shows a bearish trend with an imbalance on the 4-hour timeframe. It seems that the bearish trend will continue into the coming week. I am waiting to enter a sell trade at the 71% Fibonacci retracement level and the H4 order block. Please do your own analysis before taking any trades. Cheers!
Sell order (Direct order)
Sell @ 2.14290
SL - 2.14640, 35pips
TP1 - 2.13940, 35pips
Final TP - 2.11840, 245pips
gbpnzd buy signal. Don't forget about stop-loss.
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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