Weekly overview Overview of the week and position taken on USDJPY and trade I decided not to take on AUDCHF.
NZDGBP trade ideas
GBP/NZD BEARS ARE STRONG HERE|SHORT
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 5H 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 2.240 area.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
GBP/NZD (15M) Analysis – 24-03-2025📊 GBP/NZD (15M) Analysis – 24-03-2025
📈 Current Price: 2.25787
🔴 Supply Zone (Resistance): 2.26715 – Potential area for reversal.
🟢 Demand Zones (Support):
2.2502 – Key level for possible bullish reaction.
2.24710 – Strong support zone.
📌 Market Outlook:
Price is in an uptrend but may retrace to the 2.2502 - 2.24710 demand zone before continuing upward.
Scenario 1: If price bounces from 2.2502 - 2.24710, expect a move towards 2.26112 (TP1) and potentially 2.26715 (TP2).
Scenario 2: If price breaks below 2.24710, bearish momentum may increase.
⚡ Trade Setup:
🔻 Buy Setup: If rejection at 2.2502 - 2.24710
🎯 TP1: 2.26112
🎯 TP2: 2.26715
🛑 SL: Below 2.24600
#GBPNZD #ForexAnalysis #SmartMoney #Trading #PriceAction 🚀📊
GBPNZD buyers in control Our last signal on this pair was perfectly fulfilled of 400 pips
GBP/NZD looking strong! Price is respected the support and showing signs of a potential move higher.targeting 2.2545 and 2.2601. Let's see if the setup plays out! 📈🔥
longgbpnzd breaks support ,market have the good digestion higher the chances for the market to touch above resistance levels
GN update correctionRecent data from Forex Factory indicates that the British Pound (GBP) is under pressure due to weak domestic economic figures and prevailing uncertainty. In contrast, the New Zealand Dollar (NZD) is benefiting from robust commodity-related fundamentals.
The latest Commitment of Traders (COT) report reveals that large speculators have been reducing their net-long positions in GBP futures, signaling a bearish sentiment toward the pound.
Combining these factors, the near-term outlook for GBP/NZD appears bearish. Traders should monitor key support levels, as a breach could lead to further declines. However, any unexpected positive developments in UK economic data or shifts in global risk sentiment could provide temporary support for the pair.
Expecting Long first then short
GBPNZD REBOUNDS AT SUPPORT LEVEL OF 2.23243Price recently rebounds at the support level of 2.23243 we may likely continue to see bullish price action developments in coming days. Ahead of GBP inflation rate report and good trade balance report set to be released in coming days of the week, we anticipate bullish price action to continue surging higher.
GN updateRecent posts on Forex Factory indicate that the fundamentals for both the British Pound and the New Zealand Dollar are showing mixed signals—with the Pound gaining some support from improved UK economic data, while concerns persist over New Zealand’s outlook amid global risk–off sentiments. Meanwhile, the latest COT report shows that large institutional traders are leaning toward a stronger GBP positioning relative to the Kiwi.
Taken together, these factors suggest that GBPNZD is likely to edge higher over the coming days, as the Pound outperforms New Zealand’s Dollar in the near term.
Awaiting bullish move to convergence point on technicals
GBP/NZD Short Setup AnalysisGBP/NZD 4H Trading Analysis – Bearish Setup
📉 Potential Short Opportunity
🔹 Structure Breakdown:
The market broke a rising wedge pattern, signaling a potential downtrend. Price has retraced to key Fibonacci levels, providing a possible entry for short positions.
🔹 Fibonacci Levels:
61.8% (2.2565)
71% (2.2609)
78.6% (2.2648)
These levels act as resistance zones where sellers may step in. A rejection from this area could confirm further downside movement.
🔹 Entry & Confirmation:
Ideal short entry: 2.2565 - 2.2609 zone (Fibonacci resistance)
Stop Loss: Above 2.2750 (100% Fib level & structure high)
Target 1: 2.2200 (-27% Fib extension)
Target 2: 2.1963 (-61.8% Fib extension)
🔹 Confluence Factors:
✅ Retest of previous support-turned-resistance
✅ Bearish momentum following the wedge breakdown
✅ Fibonacci retracement aligning with resistance
GBPNZD (2H Chart) – Precision BreakdownElliott Wave Analysis of GBPNZD
1. Market Structure & Current Position
Current Trend: The price is moving within a well-defined ascending channel** with higher highs and higher lows.
Recent Movement :A sharp rally to the upper trendline (~2.2750), followed by a correction.
Critical Level: The price is testing mid-channel support (~2.2450), a potential decision zone.
---
2. Elliott Wave Count (Detailed Breakdown)
Based on the structure, the chart exhibits a **5-wave impulse move, possibly followed by an ABC correction
Impulse Wave Structure (Main Trend)
1️⃣ **Wave 1:Strong push from 2.1850 → 2.2350 (Initiation)
2️⃣ **Wave 2: Pullback to 2.1950(Shallow retracement)
3️⃣ **Wave 3:Strong breakout, extending past 2.2750(Largest move, extended wave)
4️⃣ **Wave 4:Current correction to **2.2450 - 2.2350
5️⃣ **Wave 5 (Projected):If wave count is correct, **final push towards 2.2800 - 2.2900
🔹 Wave 3 Validation: The strongest and longest wave, confirming an Elliott impulse pattern.
🔹 Wave 4 Confirmation: Corrections usually respect the previous **Wave 1 territory, which aligns with the channel bottom (~2.2350).
Corrective Structure (If Wave 5 Fails)
Scenario A: Classic Zig-Zag Correction (ABC)
- A: Drop from 2.2750 to 2.2450
- B: Short retracement (possibly back to 2.2600)
- C: Further decline to **2.2200 - 2.1850**
Scenario B: Running Flat Correction
- Price hovers in **2.2350 - 2.2600** range before deciding direction.
3. Key Technical Levels
Bullish Case (Wave 5 Continues)
✅ Support:
2.2350 - 2.2450** (Wave 4 support, channel midline)
2.2200** (Breakdown level)
✅ Resistance Targets:
2.2750** (Previous high, key breakout level)
2.2850 - 2.2900** (Final Wave 5 extension zone)
---
4. Probable Scenarios & Probability %
✅ Scenario 1: Wave 5 Continuation (60%)
- If price holds 2.2350, expect a final bullish wave toward 2.2850 - 2.2900.
- Confirmation: Strong bullish rejection at support.
⚠️ Scenario 2: ABC Correction (Bearish Pullback) (40%)
- If price **breaks 2.2350**, we could see a larger retracement to **2.2200 - 2.1850**.
- Confirmation: A **break and close below 2.2350** with bearish momentum.
5. Conclusion & Trading Strategy
📌 Bias: Bullish continuation (Wave 5) unless 2.2350 breaks.
📌 Trade Setup:
- Long entry: Buy between 2.2400 - 2.2450 with a tight stop below 2.2300.
- Short entry: If price **breaks below 2.2350, sell targeting 2.2200 - 2.1850.
📌 Final Thoughts: The next few hours** will confirm whether Wave 5 is valid or we enter a corrective phase. Monitor price action closely.
SELLGod First
Minimum Risk Maximum Reward
Action Backed Believe
# faith, strategy, and execution all in one #
GBPNZD SHORTSHigher time frame price action favors shorts for the pair. Price has recently traded at a daily logical element and reacted wonderfully. I believe price will continue pushing lower.
gbpnzd sell signal
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
possible sell the news from BOE decisionspikes attempts are shortable
possible sell the news from BOE decision
risk on tracker as well, with potential NZD recovery and indices rally
Check out our socials for some nice insights.
Let us know if there're any pair you like to see or if this is something you like.
Do ask if you have any question
Not as refined as our direct trade setups. More for advanced active traders.
information created and published doesn't constitute investment advice!
NOT financial advice.
My GBPNZD Long Idea 20/03/2025RBNZ looking forward to cut rates to 3.25 meanwhile BOE is looking to HOLD rates at 4.5.
GBPNZD scenario the price o n GBPNZD retested the HL on 4h time, froming structure on the lower scale my entry will be on 30min after the price breaks the HH but it would be better if it creates a HL snd the breaks it that will be my entry too.. now im waitng to what the price will do
GBP/NZD For Bullish as Pull-backyou can go long now
or
wait for pull-back near by entry point and then go long
general trend is down
current phase is pull-back
have fun :)
SELLGod First
Minimum Risk Maximum Reward
Action Backed Believe
# faith, strategy, and execution all in one #
GOLDEN OPPORTUNITY IN GBPNZDThere’s a potential buy opportunity in GBP/NZD right now as price begins to show impulsive behaviour in H4 chart. I anticipate a buy opportunity from the current market price.
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.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPNZDhello trader, the price will likely reach the support area, before it reverse to resistance, the price today break the support and price is still bearish.. multiple bearish fvg up to daily tf, weekly still uptrend.. no sign of bullish reversal as price continue bearish in Asian session.. price may likely retrace to support trendline...
good luck..
GBPNZD SHORT Market structure bearish on HTFs DH
Entry at both Daily and Weekly AOi
Weekly Rejection at AOi
Daily Rejection At AOi
Previous Daily Structure Point
Around Psychological Level 2.26500
H4 Candlestick rejection
Rejection from Previous structure
Levels 6
Entry 95%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
