✅GBP_NZD POTENTIAL SHORT🔥
✅GBP_NZD is about to
Retest the broken rising
Support which is now a
Resistance so we are
Bearish biased on the pair
And so we will expecting
A further move down
SHORT🔥
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NZDGBP trade ideas
GBPNZD Will Go Lower From Resistance! Sell!
Here is our detailed technical review for GBPNZD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 2.079.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2.076 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPNZD A CLEAR FORCAST ON 1D TIME FRAMEAccording to the current market structure, My forecast based on market structure which will lead the market to uptrend direction.
GBP-NZD Broken Support Retest! Sell!
Hello,Traders!
GBP-NZD broke the rising
Support line and is now
Making a retest of the line
Which is now a resistance
And from where we will
Be expecting a local
Move down
Sell!
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Check out other forecasts below too!
GBPNZD: Will Start Falling! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPNZD chart which, if analyzed properly, clearly points in the downward direction.
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GBPNZD: 800+ Pips Possible Buying Opportunity!OANDA:GBPNZD
Price currently at the possible rebound area where we can expect price to reverse from, upcoming weeks expecting GBP to be bullish against NZD. However, first we will have to wait for price to reject and rebound strongly. Based on that you may take entry using accurate risk management. At least eying at 700-800 pips. Good Luck and Trade Safe.
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GBPNZDPossible move for GBP NZD for short term the gap needs to be filled there is a volume in that gap right now
gbpnzd buy 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
GBPNZD SHORT TRADEI'm excited to share an insightful observation regarding my current trade position. Upon conducting a thorough analysis on the daily time frame, I've identified a bullish fair value gap, signaling a promising upward trajectory for our trade.
The bullish fair value gap suggests that the current market price is below its intrinsic value, indicating potential undervaluation. This presents us with a compelling opportunity to capitalize on the upward momentum as the market corrects itself.
Taking into consideration this bullish indicator, along with other relevant factors such as market sentiment and fundamental analysis. However, as always, it's essential to exercise prudent risk management and closely monitor market developments to maximize our chances of success.
Best regards, FX:GBPNZD
GBPNZD @ SELLING, Formed Double Top Pattern (READ CAPTIONS)📉🚀 GBPNZD Market Analysis: Preparing for a Potential Downtrend! 🎯💼
Forex Traders, here’s a critical update on GBPNZD:
OANDA:GBPNZD
🔄 Double Top Formation: GBPNZD has formed a double top chart pattern at the top of the current uptrend, indicating a possible reversal.
📉 Neckline Approach : The pair has reached the neckline of this pattern. A definitive breakdown below this level will activate our sell trades, signaling the start of a potential downtrend.
🔻 Channel Breakdown: GBPNZD has already broken down from an ascending channel, and the retracement of this breakdown is complete, further supporting the bearish outlook.
📊 Golden Crossover in Lower Timeframes: A golden crossover of the 200EMA and 50EMA in lower timeframes adds to the bearish sentiment, despite typically being a bullish signal, it reinforces the momentum change in this context.
🔊 Volume Increase on Selling Side: Increased volume on the selling side as the market approaches and tests the neckline underlines the strength of the potential downward move.
🎯 Technical Target: Once activated, our trades will aim for a technical target at 2.05300, providing a clear profit objective.
📈 Trading Strategy: Monitor the neckline closely for a breakdown confirmation before entering sell trades. Manage your trades with prudent risk strategies to safeguard against any unexpected market movements.
Stay alert to these developments and be ready to capitalize on the bearish momentum as GBPNZD potentially turns downward. Let’s aim for a well-positioned trade in response to these technical setups! 🌟📊 #GBPNZD #ForexUpdate #BearishTrend
GBP/NZD BULLISH BIAS RIGHT NOW| LONG
Hello,Friends!
We are going long on the GBP/NZD with the target of 2.109 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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Gbpnzd buyGbpnzd is been bull market for quite some time, we have seen side moves in the past weeks, but after the pair grabbed some liquidity. Its time for some bull run.
GBPNZD Will Explode! BUY!
My dear friends,
GBPNZD looks like it will make a good move, and here are the details:
The market is trading on 2.0832 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2.0938
Recommended Stop Loss - 2.0763
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GBPNZDThe bullish butterfly pattern is another type of harmonic pattern in technical analysis. It's formed by four distinct price swings, with specific Fibonacci relationships between them. The pattern resembles the shape of a butterfly, hence its name.
Here's how the bullish butterfly pattern typically forms:
1. **Initial Move (X to A)**: The pattern starts with a significant price move, usually a decline (for a bullish pattern).
2. **First Retracement (A to B)**: After the initial move, there's a retracement higher, often marked by a pullback in price.
3. **Second Move (B to C)**: Following the retracement, the price resumes its upward movement.
4. **Final Retracement (C to D)**: The price undergoes another retracement, usually to a Fibonacci level (typically around 0.786 of XA).
5. **Potential Reversal Zone (PRZ)**: This is the area where the final retracement (CD) intersects with other Fibonacci levels and forms a potential reversal zone. Traders watch for reversal signals, such as bullish candlestick patterns or other technical indicators, within this zone.
The bullish butterfly pattern suggests a potential reversal from a downtrend to an uptrend. Traders may look to enter long positions near the PRZ, anticipating a bullish move in the price.
As with any trading pattern, it's crucial to confirm the pattern with other technical analysis tools and indicators and to implement proper risk management strategies.
GBPNZD IS NOW HEADING UP1. PSTG 1 TO BE hit
2. PSTG 2 TO BE hit
3. Market WILL retest on the zone i predict that it is going retest at.
///trade///
GBPNZD BUY UPDATE validityThe buy signal on GBPNZD is still valid. This is clear and comprehensive analysis on the GBPNZD. Don't fall for the trap. GBPNZD for Long. Goodluck!
GBPNZD Long GBPNZD has been ranging and currently stands along a strong support area with a Bullish Divergence on 1HR and 4HR TF.
Buystops can be placed with the BOE interest rating news incoming.
Sentiments currently are 87% long.
GBPNZD: Will Start Falling! Here is Why:
Looking at the chart of GBPNZD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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Lingrid | GBPNZD breakout of the UPWARD channelThe market bounced off the resistance zone, making an impulse move. FX:GBPNZD reached a strong weekly resistance and formed a bearish candle, which suggests that the market is most likely to pullback toward the support level. The market failed to make a new high after three attempts to break the resistance zone, which indicates the bulls are running out of breath. I expect the market to fall from the local resistance zone toward the support level and breakout of the upward channel. My goal is a support level of around 2.07000
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