GBPNZD - Week starting ok here with (finally) this drop hereIf you have been following my idea, GBPNZD has been difficult tocatch the last 10 days but finally not just we stayed alive in this position but also opened a critical new one last Friday. Already in the money and making profits with the second and third DCA positions.
Fundamentally:
New Zealand doing AWESOME
GBritain has Brexit and Covid issues atm
...Thus we are selling
Gbp-nzd
Analysis GBPNZD#99
Purchase range: 1.88659
Targets: 1.89137- 1.89615- 1.90093
Stop loss The first goal: the profit to loss ratio is 1: 1 (1.88181)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 1.88659(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal
Gbpnzd, still waiting for it to...bottom out from this key level?
#shadowingthebigboys
#trading
#forex
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Range in GBPNZD. We expect a break!In recent months, we have seen many sideways movements in the forex market in anticipation of clear trends. During this time we can trade within the channel, and in case of a break we can look for a continuation in the direction of the break!
Today we show you the possibility at GBPNZD. Here we have a side movement started at the beginning of the month, which finds very strong support at 1.91. In case of a break of this level we will expect an intensification of the down movement!
The initial goals are:
1.9005
1.8980
To support us, like and comment!
📚💰Descending Triangle in GBPNZD "Learn More Earn More" With US📚 LEARN MORE
💰 EARN MORE
With ForecastCity
Descending Triangle Definition:
An Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high .
It is defined by two lines:
.A horizontal support line running through valleys.
.A Downtrend line drawn through the peaks.
The lower highs indicate more sellers are gradually entering the market and selling pressure increases as price consolidates moving further towards the apex.
An Descending Triangle is classified as a continuation chart pattern .
If price can break through the support level, that level will now act as a resistance level.
Breakouts can also happen in both directions. Statistically, downward breakouts are more likely to occur, but upward ones seem to be more reliable.
In most cases, the sellers will win this battle and the price will break out past the support. But Sometimes the support level is too strong, and there is simply not enough selling power to push it through. Therefore you should be ready for movement in EITHER direction .
ENTRY:
We would set an entry order bellow the support line and above the slope of the lower highs.
TARGET:
Target is approximately the same distance as the height of the triangle formation.
❤️ 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 ❤️
📚💰Descending Triangle in GBPNZD "Learn More Earn More" With US📚 LEARN MORE
💰 EARN MORE
With ForecastCity
Descending Triangle Definition:
An Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high .
It is defined by two lines:
.A horizontal support line running through valleys.
.A Downtrend line drawn through the peaks.
The lower highs indicate more sellers are gradually entering the market and selling pressure increases as price consolidates moving further towards the apex.
An Descending Triangle is classified as a continuation chart pattern .
If price can break through the support level, that level will now act as a resistance level.
Breakouts can also happen in both directions. Statistically, downward breakouts are more likely to occur, but upward ones seem to be more reliable.
In most cases, the sellers will win this battle and the price will break out past the support. But Sometimes the support level is too strong, and there is simply not enough selling power to push it through. Therefore you should be ready for movement in EITHER direction .
ENTRY:
We would set an entry order bellow the support line and above the slope of the lower highs.
TARGET:
Target is approximately the same distance as the height of the triangle formation.
❤️ 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....a reversal might be in place soon...More upwards momentum could be here for GN soon...shall see...
#shadowingthebigboys
#trading
#forex
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
GBPNZD - SWING - 17. NOVE. 2020Welcome to our weekly trade setup ( GBPNZD )!
-
1 HOUR
Bullish price action with turning candle.
4 HOUR
Overall bearish market turned bullish.
DAILY
Expecting further upside after the current downside trend.
-
FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.92520
SL @ 1.91200
TP @ 1.94410
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
GBP/NZD-Daily overviewHello everybody!
-On a daily chart, we can see that the price reached the support area and formed a double bottom pattern which is a reversal pattern so we can expect that the bulls are going to gain some momentum in that area.
-The support area is tested multiple times and rejected so I consider that area as a strong area of support.
-The Stochastic indicator is showing us an oversold area so we may also expect that the bulls are going to gain some power in that area.
-The best time to enter the trade will be when the price forms some engulfing pattern or some reversal candlestick formation like doji or a hammer.
-We also want that the price breaks a small resistance area and then retests it and then we can also enter a long trade after that.
-Before taking action in Forex, please check the economic calendar and currency strength meter.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
💡Don't miss the great sell opportunity in GBPNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.9395). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 1.9255
TP2= @ 1.9065
TP3= @ 1.8945
TP4= @ 1.8675
SL: Break Above 1.9565
❤️ 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 ❤️
💡Don't miss the great sell opportunity in GBPNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.9395). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 1.9255
TP2= @ 1.9065
TP3= @ 1.8945
TP4= @ 1.8675
SL: Break Above 1.9565
❤️ 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 on a break of the 4h structure 🦐GBPNZD after breaking the ascending trendline found support at 1.93400.
The price went for a retest of the resistance zone and the trendline and now looks for the next bearish impulse.
IF the price will break and close below the support area we will set a nice short order according to Plancton's strategy
––––
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.
GBP/NZD : BULLISH BAT PATTERN H4 - POTENTIAL R/R 2.00 🔔Welcome back Traders, Investors and Community!
Analysis of #GBPNZD
If you have found this useful then help us support my page by hitting the LIKE button.
If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you
It means a lot to us!
***
Strategy: Bullish BAT With potential Max R/R 2.00 in a very strong support area.
A clear chart is Always the best business card for a trader.
***
Your support and feedback will always welcome
Thank you for your time.
The information contained herein is not intended to be a source of advice or credit analysis
Regards,
Walter