Gbp-nzd
GBPNZD potential for dip! | 14th Dec 2021Prices are abiding to an ascending trendline. We see the potential for a small pullback from our sell entry 1.96007 in line with 78.6% and Fibonacci towards our Take Profit at 1.94324 in line with 78.6% Fibonacci extension. RSI is at a level where selloffs previously occured.
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There is a divergence at the resistance zone with GBPNZDH2 time frame.
Structure: The current uptrend and price are showing divergence at the 1.97000 resistance zone.
Here, a head and shoulders reversal pattern can form.
Wait for the reversal candle signal at the right shoulder to appear, then you can find selling opportunities.
The profit target is the price zone 1.93000 and 1.90000.
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Wish you all have a good trading day!
GBPNZD Expect Bounce UpwardWelcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EUR GBP Short Idea EURGBP has extended its uptrend towards the level of 0.856 which is a key level. The move to this level has lasted just under a month after EUR pairs suffered in November. It's very likely that the Uk may impose new restrictions in the coming weeks which will negatively impact the pound. If this is the case a drop in price is very likely.
FOREX ANALYSIS : GBPNZDFX:GBPNZD
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
GBPNZD Analysis - Corrective Structure in Progress Welcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
**
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
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GBPNZD Long Hello Traders,
Here we have a GBPNZD long trade idea. If you like this idea please show your support!
If you need any help trading or learning how to trade don't hesitate to drop me a message!
Wondering why CAD and OIL have such a similar reactions? Check out my post on correlation below
Please trade with caution and make sure you set your stop losses! Happy Trading 😁
GBPNZD ShortLooking at the daily time frame. Price is following the descending trend line. Im looking for price to retrace back to the TL for a 3rd touch which lines up with the 61.8% fib and psych level of 1.94. Before I look for that short im also looking for a long upto the TL, looking for an entry at 1.91.
GBP/NZD Signal - GBP Retail Sales - 19 Nov 2021GBPNZD has formed a head and shoulders pattern prior to the GBP Retail Sales data today, and we are looking for continued downside on the pair. The 1H RSI remains at bearish levels, and price has recently rejected the left shoulder resistance. We are looking for downside towards the recent lows at the 1.8900 figure.
GBP/NZD - A perfect storm!Price pulled back into our area of interest, and bounced out of the resistance zone. Price is now at a support level, however we are looking for downside to continue.
On The 1H chart we can see price has formed a head and shoulder pattern, and we are looking for the neckline to break.
GBPNZD SHORT CONTINUATION Still bearish on this pair so looking to take this swing to previous low. while its going down I will be taking partials
GBPNZDCurrently we have a reversal patter down near the trend support . looking to see if this will bounce up and continue in this downwards ranger
GBPNZD sell running 📉👍POW reversal strategy in use for this trade an GBPNZD short.
Trade details for current trade are shown on the chart.
We are working the 2H time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous trades can be seen on chart.
Trade history can be seen at the foot of this trade idea too for full transparency.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
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The stats for this pair are shown below too.
Thank you.
Darren
GBPNZDHey Traders, we are monitoring GBPNZD for a buying opportunity around 1.911 zone, once we will receive any bullish confirmation the trade will be executed.
Trade Safe and use proper risk management.
GBPNZDHere on the GBPNZD, we can see a clear breakout from a little price correction at the top of the Trendline. Therefore, we expect a bearish move to the downside. I'd wait to see a smaller correction get broken before entry.
Apply proper risk and trade management as we trade reactively to to price behaviour at this level.
Thanks and good luck.
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GbpNzd best setup for this week Gbpnzd is having new impulse started all he way to down side
this will be a good trade for this week
GBPNZD - 4H Short In Trend Engulfing SetupGBPNZD formed a significant bearish engulfing of 7 candles at 8am (CST) on the 4H time frame.
ECB President Lagarde speech @7am helped form this setup.
SL set above engulfing candle body high. TP set at 2X risk.
GBPNZD on a bear flag 🦐GBPNZD on the daily chart is creating a bear flag.
The price has tested the 0.382 Fibonacci with a spike and according to Plancton's strategy if the market will break the support trendline we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPNZD Price is from a impulsive phase and now correcting in a correction phase, will be looking for price to break bullish to enter a buy trade.
