GBPNZD Countertrend ideaDaily overbought rsi forming
top of channel
liquidity to be swept to left
sell to bottom of channel
NZDGBP trade ideas
gbpnzd longsReasons for entry: It's good to have at least 2 but I have found 3. It is important to trade in discount or premium pd arrays for buying or selling, respectively.
1: htf pd array, daily fvg fill
2: EQ
3: Cisd
GBP/NZD - Short (Limit Order)The GBPNZD pair has seen some interesting movement lately. It has been trading in range since mid-June. Hoping to see a move to the bottom of the range.
I have a limit order set as follows:
Entry: 2.07844
Profit: 2.06338
Stop: 2.08204
1:4 trade targeting 150 pips.
GBPNZD Technical Analysis anda Trade Idea The GBPNZD has experienced a strong rally on the back of RBNZ data release being fairly dovish today. This has resulted in NZD to weaken somewhat offering a potential buy opportunity. This rally has overextended and I'm looking for an entry point on a pullback down into the 61.8% Fibonacci retracement level. In the video we talk about the trend market structure, price action and I attempt to simplify some ideas to help people who are new to trading understand how the markets work. This analysis is for educational purposes only and not to be construed as financial advice.
GBP.NZD Due to the news of New Zealand's interest rate, we see that the value of the New Zealand dollar has faced a decrease in value against most currencies. As you can see in the above chart, the value of the pound has also increased against this currency, and I have shown in the chart that if the trend weakens If this currency continues in the range of 1.1200, we will have the possibility of a price reversal, of course, from a technical point of view, and it is possible that the price will fall even earlier, and we must monitor the area between 1.1150 and 1.1200 to enter the short trade.
GbpNzd could rise and test 2.12 resistance (1:3 R:R)Since the beginning of the year, GBP/NZD has been on an upward trajectory, making higher lows and higher highs on the daily chart.
Last week, the pair briefly dropped below support, but this was a false break, strongly reversed by Friday's price action.
Currently, a new higher low seems to be forming.
In my opinion, the pair will continue its upward movement and test the previous high around 2.12.
My strategy is to buy on dips against the recent low, aiming for a 1:3 risk-to-reward ratio.
GBPNZD LONGDaily Bias Long
Fundamental
GBP is currently slightly bullish
NZD is slightly bearish
Price break out of consolidation from Key level of H4 & H1 consolidation.
This shows that price is extremely bullish to break out of 2 consolidation.
Set a long trade at the lower TF H1 resistance. with SL below H1 consolidation. Targeting H4 next keylevel. R:R 1:3 at least.
SELL GBPNZD NOW!!!!the overall trend is a daily downtrend, which confirms that we are following the trend. So, we will head to a lower timeframe like the 1-hour timeframe to find an entry. I saw a sweep of the previous high and after the sweep, I saw a BOS that later didn't take out the new high which confirms that there will be a shift to the downside, and we call it SLQ. After the SLQ has been formed we want to make our POI at the previous OB above.
RISK WISELY
Possible fall for GBPNZDGBPNZD is in a ranging market and recently it has reached its strongest resistance which has been tested multiple of times.
While is rejected and fell down instantly the pair came up and gave us a proper reversal pattern to show us that the sellers are in control of the market now. As the double top has been formed, it still remain to be confirmed only if the market crosses the neck-line and also breaks the uptrend that is formed and comes to retest them both. Then certainly we can say that we are going for sells until we reach our support structure at the bottom.
GBPNAZD BIA- Daily +OB buy
- Target all time high
-Entry London session
- My reason being we just rejected from a Weekly BISi
Good Luck
GbpnzdAm expecting this pair to sell be4 the buy cause on the 4hrs the is a change of structure that will cause a retracment so we can make a little money om a short position be4 buying, going (long)
GbpnzdAm expecting this pair to sell be4 the buy cause on the 4hrs the is a change of structure that will cause a retracment so we can make a little money om a short position be4 buying, going (long)
GBPNZD Bullish PatternGBPNZD price action looks to have created an inverted head and shoulder pattern within a bullish flag. Hammer candlestick on M45 can be used as entry confirmation. Target 2.096
GBP/NZD SHORT FROM RESISTANCE
Hello,Friends!
GBP/NZD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going up too. 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 2.074 area.
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