GBPNZD bullishThis pair made inverse head and shoulder,
After 6days of resistance the pair made new Higher high today,
Also in the week the pair is making inverse head and shoulder,
Draw your supports near the neckline and wait bull signals
NZDGBP trade ideas
gbpnzd long welcome
here is my gbpnzd long idea
its based on very bullish market
lets see if we note new higher highs
Corrective sideway patternDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
GBP-NZD Wait For Breakout! Buy!
Hello,Traders!
GBP-NZD is trading in
An uptrend and the pair
Has formed a bullish triangle
So IF we see a bullish breakout
Then we will be expecting
A further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
GBPNZDAs per our previous analysis, GBPNZD experienced a significant increase in value, leading me to exit the previous deal. At present, I am waiting for the price to return to the support area. I have initiated a purchase deal which is currently showing an upward trend. Wishing you good luck.
An idea about the movement of the currency pair GBPNZDWhen the price reaches the top, we expect a re-correction towards the nearest support area
GBPNZD My Opinion! SELL!
My dear friends,
Please, find my technical outlook for GBPNZD below:
The price is coiling around a solid key level - 2.1044
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2.0958
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
GBPNZD trending BullishGBPNZD trending Bullish, Making Bullish Engulfing candle on 1 hour chart after bearish three black crows.
GBPNZDSuch a powerful and a clear head and shoulder pattern.
so we you look out for market cnfirmation patterns before executing
trade carefully
trader ernest
GBPNZD LONG - STRONG AREA OF CONFLUENCE!Waiting for a break and retest of 2.09444 to long GBPCNZD back to 4H level 2.12034
If you agree drop a like and if you have any questions leave a comment :)
GBPNZD Will Collapse! SELL!
My dear friends,
My technical analysis for GBPNZD is below:
The market is trading on 2.1015 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.0926
Recommended Stop Loss - 2.1061
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
GbpnzdIn the name of God, the Merciful and Merciful, today's analysis was one of the situations and the most harmful examples for me. Sorushane pattern (I marked the top line in the chart with a blue line) we expect the resistance zone to rise by the same amount as the top line. Well, this analysis is a bit stronger because this currency pair has both broken the resistance zone and pulled back and is ready for growth. Good luck
GBPNZD Long TradeMARKET PHASE
OANDA:GBPNZD is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has now started it’s initial move up but due to the velocity of the upward move, it's gapped orders around 2.09770. Price may retrace back to this level to meet the demand as we expected. Once price reaches this level, we can expect a strong push upwards in the direction of the larger trend.
TRADE
I will be entering long on OANDA:GBPNZD with the following parameters:
Buy Limit: 2.09770
Stop Loss: 2.09360
Take Profit: 2.10590
GBP/NZDHere's a summary of the "Higher High Higher Low" and "Double Bottom" patterns:
**Higher High Higher Low (HHHL)**:
- **Definition**:
- A bullish trend pattern indicating successive upward price movements.
- Each high point (peak) is higher than the previous one, and each low point (trough) is also higher than the previous one.
- **Interpretation**:
- Shows strengthening buying pressure.
- Reflects an uptrend where buyers are consistently willing to pay higher prices.
- **Trading Strategy**:
- Consider entering long positions when the price pulls back to the higher low point.
- Set stop losses below the recent higher low point.
- Take profit as the price continues to make higher highs.
**Double Bottom Pattern**:
- **Definition**:
- A bullish reversal pattern appearing after a downtrend.
- Consists of two troughs (lows) separated by a peak.
- The second trough typically doesn't reach the same low as the first one, creating a 'W' shape.
- **Interpretation**:
- Indicates a potential trend reversal from bearish to bullish.
- Suggests that selling pressure is diminishing and buyers may be gaining control.
- **Trading Strategy**:
- Consider entering long positions after the second trough forms.
- Confirmation is often sought when the price breaks above the peak between the two troughs.
- Place stop losses below the lowest point of the pattern.
- Profit targets can be set based on the distance between the bottom of the pattern and the peak, projected upward from the breakout point.
These patterns are widely used by traders to identify potential trend changes and make informed trading decisions. As always, it's essential to consider other technical indicators, market context, and risk management strategies when trading based on patterns.
GBPNZDLately on GBPNZD the price on the 3 months timeframe has swept previous 3 months high and went back inside the range and also there was a daily inverse fair value which acted as resistance and the price closed below it
DeGRAM | GBPNZD rebounded from resistanceGBPNZD rebounced from the resistance and 127.20% fibo inversion.
The market broke and closed below the support level of 2.1000, which became the resistance.
On the D chart, the market is consolidating.
We expect a 50% pullback from the resistance if the price makes a false breakout of the resistance.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
GBP NZDIdea Long
Trend Line
Trend UP
GBP NZD 📈 Buy Limit 2.09620
market Price in zone : 2.09700-2.09620
VWAP SnR zone
TP1: 2.10600
Tp2: 2.12000
SL: 2.09150
Rrr: 5
GBP/NZD BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
The BB upper band is nearby so GBP/NZD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 2.089.
✅LIKE AND COMMENT MY IDEAS✅
break and retest set upretest of 50 ema
retest on Aoi
waiting for 15 min entry in Aoi
1:2 rr
set and forgetting after
GBP/NZD - 6 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
