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Gbp-nzd

GBPNZDGBPNZD 1H (1) Price has broke out the trend line + the 50 EMA with one engulfing red candle = very bearish; (2) Then, we can see a momentum breakout of the weekly effective support which now turns into resistance = very bearish as well; (3) Now price pulling back to the broken weekly level, thus forming a triangle pattern = great short setup; Trigger event: Trend line + structure breakout. Risk: medium. Here's my suggestions: Entry: 1.89609 (sell limit) SL: 1.89817 TP1: 1.89458 TP2: 1.89111 TP3: 1.88616
Short
by Kingsol
1
GBP/NZD Post Brexit Hike?I've been reading about the Brexit deal. Pick one winner...UK or EU? Right now I would say UK...seems like since the deal closed the GBP has gained strength. I'm sure the UK is happy about leaving the EU partnership. They can operate on their own terms and trade tax free and without quota. "The agreement between the EU and UK on a new partnership sets out the new rules that apply as of 1 January 2021 in the relationship between the EU and the UK. It covers areas such as: trade in goods and services; a level playing field; fisheries; aviation and road transport; social security; UK participation in EU programmes; internal security." (website) None of my analysis are fact. I do believe that the UK will eventually get stronger with the Brexit deal being done. Yet, it will take some time. My technical analysis tells me that price may drop a little more into the support zone (1.86-1.82) before it tests 50%-61.80% retracement of the previous high of the 2.0's (1.96-1.94) and price did hit this range last August. Price broke the current resistance zone in April of '20 and shot back down to the current support zone. Somebody tell me why it wouldn't test the most recent high at some point? Boris Johnson might be related to Magic Johnson the way he may pull this off for the UK!
Long
by Redimere_91
GBPNZD on a double bottom 🦐GBPNZD after the attempt to break the 1,86400 level retraced up until the 1,91 area before testing again the support, creating a double bottom formation. The price looks like inside a possible ascending channel. IF the market will break above, according to Plancton's strategy, 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.
Long
by InkyGrip
6
GBPNZD - SWING - 28. DECE. 2020Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Bearish price action and pressure. 4 HOUR Overall turning market structure, expecting more downside. DAILY Good short entries, closure below main sr level. - FOREX SWING SELL GBPNZD ENTRY LEVEL @ 1.90060 SL @ 1.91300 TP @ 1.88210 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
18
GBPNZD - SWING - 21. DECE. 2020Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Bullish closure above main sr level. 4 HOUR Sideways market structure, about to rise! DAILY Overall bullish market about to push up. - FOREX SWING BUY GBPNZD ENTRY LEVEL @ 1.88830 SL @ 1.87720 TP @ 1.90540 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
15