Gbp-nzd
GBPNZD will bounce at the 0.618 🦐GBPNZD after the last impulse started a choppy retracement until the 0.618 Fibonacci level.
According to Plancton's strategy, if the price will break above, we will set a nice long 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 INTRADAY OPPORTUNITYA classic move back to an area of liquidity. Anticipating a move back down to last weeks low over the next few days. This is a high risk opportunity as it goes against the current retail sentiment however the potential payoff is big.
Disclaimer: this is not a signal or financial adive. Please do your due deligence.
GBPNZD SELLPRICE WAS TRENDING BULLISH IN AN ASCENDING CHANNEL BUT HAS NOW FAILED TO GIVE HIGHER HIGHS AND THIS IS AN INDICATION OF BULLS STARTING TO lose MOMENTUM. FROM THIS POINT I AM LOOKING FOR SHORT TRADE.
GBPNZD INTRADAY OPPORTUNITYStrong selling pressure these past few days with price now sitting near where it opened at the beginning of the month. With price creating a false s/r potentaily attracting retail sellers into the market looking to capitalise from the bearish market, we anticipate a run on the stops of these sellers with a continued downward move towards 1.89250.
GBPNZD on the break 🦐GBPNZD is moving inside an ascending channel.
The price is now approaching the lower trendline.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice short order.
––––
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 - Awaiting ConfirmationWaiting for GBPNZD to breakdown and retest before entering. See post below for a breakdown of what happens last time GBPNZD was in this pattern.
Stoploss: Above the previous high
Target: bottom of the pattern
GBPNZD - Awaiting ConfirmationWaiting for GBPNZD to breakdown and retest before entering. See post below for a breakdown of what happens last time GBPNZD was in this pattern.
Stoploss: Above the previous high
Target: bottom of the pattern
Always Wait For Confirmations 📚 Those who win at the Forex game are those who are able to build on their case to take a trade, whether it be fibonacci, moving average, patterns etc. The more confluence, the better. This is why it is important to always wait for your confluences to line up before taking a trade.
For this particular trade, those who were waiting for the third touch of the upper resistance of the pattern, would've been stopped out if they had a tight stop loss. It would've been better to wait for more of your confirmations to line up so you can execute the trade knowing that there are more things on your side (other than chance!)
See below for the current GBPNZD set up.
💡 Don't miss the great buy opportunity in GBPNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.925). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPNZD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 1.9315
TP2= @ 1.9475
TP3= @ 1.9612
TP4= @ 1.9757
TP5= @ 1.9865
SL= Break below S2
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💡 Don't miss the great buy opportunity in GBPNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.925). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPNZD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 1.9315
TP2= @ 1.9475
TP3= @ 1.9612
TP4= @ 1.9757
TP5= @ 1.9865
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPNZD - Approaching 1000pip Drop!GBPNZD is lining up for a nice drop.
Confluence:
- Descending trendline
- Smaller timeframe wedge
- Fibonacci
- Fibonnaci target lines up with Wedge
Look for smaller timeframe patterns
GBPNZD - Approaching 1000pip Drop!GBPNZD is lining up for a nice drop.
Confluence:
- Descending trendline
- Smaller timeframe wedge
- Fibonacci
- Fibonnaci target lines up with Wedge
Look for smaller timeframe patterns
GBPNZD2 potential ideas for GBP/NZD currently in an ascending triangle.
1. BUY
Price may reject at support (white trend line) and then break through the resistance of the ascending triangle (1.9180).
2. SELL
Price could fail to reject at support and we could see price revert back to previous support at the 1.8630 level.
Before taking either trade I will look for cnadle rejection and signals from the MACD, stoch and RVI.
GBPNZD will break above 🦐GBPNZD after a double bottom over a monthly trendline tested the resistance area at 1.91800 and retraced inside a bull flag.
The market bounces exactly over a weekly support and created a new impulse.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
––––
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: Bullish Accumulation
Very peculiar bullish pressure this morning on GBPNZD.
On a daily, the price is currently trading within an ascending triangle with two consequent higher lows.
For now, 1.92 is a strong horizontal resistance where the price sets equal highs.
In case of its bullish breakout (daily candle close above), a strong swing move can be initiated.
In case of a confirmed violation, the next goal for buyers will be 1.96 level.
Also, note that the price is currently trading above a major falling trend line.
It is a very important clue as well.
GBPNZD on a bull flag? 🦐GBPNZD after a double bottom over a monthly trendline tested the resistance area at 1.91500 and retraced inside a bull flag .
The market bounces exactly over a weekly support and created a strong impulse on the last trading day of the week.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
––––
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
