GBPNZD daily bias long (2024 pt.1)GBPNZD already making higher highs, now retesting its daily support.
Personally longing this trade on a funded account!
>1:4 RR
NZDGBP trade ideas
GBPNZD ready to move up to ( 2.1350 )GBPNZD Price : 2.1028
Trend : Up on daily chart
Transaction: Sell
Reasons : Today the resistance on hour chart has been broken at the level ( 2.0975 ) which making the way opened to new high records next few days ( all reason mentioned on chart )
Technical analysis failure at level : 2.0890
Technical analysis success at level : TP1 & TP2 ( check the chart )
GBP/NZD BOS (Price Action)GBP/NZD hit our target nicely here, as we had a BOS. 3.84 Risk to Reward.
STEP1. Ensure there is a strong trend
STEP 2. Ensure there is a corrective mode
Step 3. Look for Break of Structure above the previous swing high
STEP 4, Ensure your risk to reward is 2-1
STEP 5. Use the FIB extension tool to predict .618 as target.
Chris
Head Coach & Mentor
#1642024 | GBPNZD Supply Zone 1:17GBPNZD Supply Zone Appears in D1 Time Frame Looking Price Action for Long Term Sell
Risk and Reward Ratio is 1:17
After 50 pips Profit Set SL Entry Level
"DISCLAIMER" Trading & investing business is "Very Profitable" as well as risky, so any trading or investment decision should be made after Consultation with Certified & Regulated Investment Advisors, by Carefully Considering your Financial Situation.
GBPNZD Bullish RectangleTrade #1
Trade Type: Buy Stop
Entry Level: 2.10627
Stop Loss: 2.09542
Take Profit: 2.11718
Risk to Reward Ratio: 1:1
Trade #2
Trade Type: Buy Stop
Entry Level: 2.10627
Stop Loss: 2.09542
Take Profit: 2.12814
Risk to Reward Ratio: 1:2
GBPNZD Bullish RectangleTrade #1
Trade Type: Buy Stop
Entry Level: 2.10627
Stop Loss: 2.09542
Take Profit: 2.11718
Risk to Reward Ratio: 1:1
Trade #2
Trade Type: Buy Stop
Entry Level: 2.10627
Stop Loss: 2.09542
Take Profit: 2.12814
Risk to Reward Ratio: 1:2
BUY GBPNZD - Trade explained in detailTrader Tom, an investing.com technical analyst explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please join us and hit the boost button.
GBPNZD: Rising Wedge pushing the price higher.GBPNZD is neutral on the 1D time-frame (RSO = 52.651, MACD = 0.004, ADX = 24.344) as the price is consolidating after the rebound on the 1D MA50. The Resing Wedge pattern is constantly pushing the price higher and as long as the 1D MA50 holds, this is the bullish wave to a HH. The two HH prior were formed on the 1.5 Fibonacci extension, all validated by a 1D MACD bullish cross. We are long, aiming yet again at the 1.5 Fib (TP = 2.13800).
See how our prior idea has worked out:
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GBPNZD: Bullish RectangleGBPNZD is trading in rectangle after a bullish move, there is no diversion on RSI and we can anticipate bullish breakout from rectangle.
GBPNZD - Symmyterical Triangle Continuation PatternThe pair is currently trading in range forming a symmetrical triangle. After an uptrend the symmetrical tringle is continuation pattern idicating that breakout can see the uptrend continuation.
GBPNZD IS COMING NICELYIts never too late to enter the trades on this pair, aiming for PSTG 1 and 2.
The market always has key levels, weak resistance, and that's where we make more money.
GBP/NZD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GBP/NZD is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 2.092.
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GBPNZDGBPNZD has swept out our Buyside liquidity went back inside the range got retested and distributed to the downside and price is now heading for the OB for the final retest before going further down
GBPNZD - Bearish price action ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price rejected perfectly for trendline + liquidity zone.
Fundamental news: Upcoming week on Wednesday we will see result of Unemployment Rate on NZD, news with high impact on currency.
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we might have a bearish for the coming week.I'm expecting an open high to our OB zone then our bearish trend will begin. confirmations will be required. let see how market opens. Good luck✔
NB:NO REVERSAL PATTERNS NO ENTRY.
GBPNZD Textbook Setup, will this play out?Having seen a textbook setup on the daily timeframe wonder if this setup will playout considering the fact that:
1. It might take time to playout
2. Price might still decide to go south
3. Otherwise the Inverse Head and shoulder might playout
Just my thoughts though I await yours on the comment section
SHORT TRADE ON GBPNZDprice breaking lows and now we're retracing to make a lower high.
Disclaimer: this is not a trading advice, just my own perspective.
GBPNZD in the first half of 2024A glimpse of the GBPNZD in the first half of 2024
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According to my risk and capital management system, the risk of each trade is one percent per position.
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GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.078 area.
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H1 Inversion FVG Daily Bias is Bearish- Target is the FVG on H1 .. RR 5:1 Hopefully we get some volatility to help us reach Target before 3pm New York Time
GBPNZD////BUYThe price of the currency pair is expected to start a downtrend after reaching the resistance level of 2.09181
Consider your risk management before entering a trade.
Pay attention to economic news and events that may affect the GBP and NZD exchange rates
GBPNZD SELL SCENARIOOkay okay okay,
my aim today is the Monday's price low,
so I'm waiting for the price to retrace to the deep premium price so as i can sell with high probability,
lets check out how the price will price will play
make sure you remember to follow me, like and comment if you have something
for more hind sights, lets meet here
GBPNZD ReversalGBPNZD has formed a double top pattern in the presence of divergence signal, which indicates trend reversal.
