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New Zealand Dollar/British Pound

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NZDGBP trade ideas

Weekly CLS, Key level - Daily FVG +Ob, Model 1, Bullish OFWeekly CLS, Key level - Daily FVG +Ob, Model 1, Bullish OF you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by David_Perk
GBP/NZD Analysis: AB = 78.6% Retracement: This indicates that the AB leg was a deep retracement, forming the basis for the harmonic pattern. A deep retracement like 78.6% usually means the likelihood of a significant reversal increases when the D point is reached. BC = 123.6% Extension: The BC leg is extended, meaning the BC movement is wide. This could indicate that GBP/NZD is experiencing strong momentum, but it could also be a sign of "overextension." CD = 141.4% Extension: The CD leg is nearing the end of the harmonic pattern. The D point, which is where a reversal is expected, will be around the 141.4% of XA. This is the critical point where a decision can be made (buy or exit). Risk and Reward: Reward: If the D point holds (a reversal occurs), you can gain significant returns from the reversal. For instance, you could benefit from a strong upward (buy) or downward (sell) move when the price leaves the Potential Reversal Zone (PRZ). Risk: If the D point is breached, GBP/NZD may continue its movement and break the harmonic pattern. This could lead to losses if you hold onto the wrong position. Recommendations: Wait for GBP/NZD to reach the D point (141.4% Fibonacci Extension). Look for confirmation signals such as: Divergence (MACD or RSI). Candlestick patterns (e.g., engulfing candles or pin bars). Make sure to use a stop-loss to protect in case the D point is breached: Set your stop-loss outside the PRZ. Reward-to-Risk Ratio: Aim for a reward at least 2:1 in relation to the risk you're taking
Long
by ProfissionalGoldHntryhunter
GBPNZD1. Current Market Situation (Wave 3): The market is currently in Wave 3, which is usually the strongest and longest wave in Elliott Wave Theory. Wave 3 is known for its powerful upward movement. This is typically the wave where most traders and investors jump in, creating significant momentum. 2. Approaching the End of Wave 3: Right now, Wave 3 doesn’t seem fully complete, but it’s close to its end. You can identify this because: Momentum starts to slow down as the price nears resistance levels. Wave 3 often reaches Fibonacci extensions like 1.618 or 2.618, which are key indicators for its completion. 3. Retracement in Wave 4: After Wave 3 finishes, the price will likely pull back into Wave 4. This is a normal retracement where the market consolidates some of Wave 3’s gains. The retracement typically hits Fibonacci retracement levels of 0.382 or 0.5. Wave 4 is usually a smoother and less volatile wave compared to Wave 2. 4. Completion in Wave 5: Finally, Wave 5 is the last wave in the trend. This wave completes the overall upward movement. Wave 5 generally creates a new high, but it’s often less strong compared to Wave 3. Key Takeaways: Right now, the market is still in Wave 3 but close to finishing it. After that: Expect the price to pull back into Wave 4 at around Fibonacci 0.382 or 0.5 retracement levels. Wave 5 will follow, taking the price higher to finish the trend. Pro Tip: If you're trading, wait to confirm the end of Wave 3 and the start of Wave 4 before entering. Using tools like RSI or MACD can help you verify the momentum and trend shifts.
Long
by ProfissionalGoldHntryhunter
GBP/NZD 4H Timeframe AnalysisGBP/NZD 4H Timeframe Analysis Trend Analysis: On the 4-hour timeframe, the GBP/NZD pair remains in an uptrend, forming a series of higher highs and higher lows. Price recently bounced from a major support level, allowing buyers to regain momentum and push the price higher. The pair broke through a minor key resistance zone at 2.19900–2.21600, continuing its bullish move toward the next minor resistance at 2.24200. However, a doji candlestick formed below this level, signaling indecision, and was followed by a bearish candle, prompting a reversal back to the minor support zone. Price is now consolidating and accumulating buyer orders above this minor key support. We anticipate a continuation of the bullish trend but remain cautious of a potential break below this level, which could trigger stop-loss liquidations before a renewed upward move. Price Action Expectation: Our objective is to wait for additional liquidity to build within the liquidity zone. Once confirmed, we will watch for a bullish breakout above the trendline. Entry Plan: Place a buy stop order at 2.22050 to confirm entry upon a bullish breakout. Stop Loss: Set at 2.21170, below the liquidity grab area for effective risk management. Take Profit: Target the recent resistance at 2.24200, providing a 1:2 risk-to-reward ratio. Key Levels to Monitor: Support Zone: 2.19900–2.21600 Resistance Zone: 2.24200 Additional Considerations: Watch for price accumulation and liquidity grabs within the support zone. Monitor candlestick patterns and price behavior near the trendline for breakout confirmation. Conclusion: GBP/NZD shows bullish potential as price consolidates above the minor support zone. A breakout above 2.22050 would confirm the continuation of the uptrend, targeting 2.24200 for a compelling 1:2 risk-to-reward ratio. However, stay vigilant for a potential break below the support zone to account for possible stop-loss liquidations before a renewed upward move.
Long
by RebornFXTrader