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Gbp-nzd

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.
by lCrn49
2
💡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 ❤️
Short
by ForecastCity
21
💡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 ❤️
Short
by ForecastCity
14
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.
Short
by InkyGrip
4
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
Long
by FOREXN1
2
GBPNZD on the test of the channel?🦐GBPNZD on the daily chart hit and got rejected by a monthly resistance around 1.96 level. The price which moves in ascending channel reaches now the 1.94600 level and testing a minor support. IF the price will break and close below the structure and consequently break the channel 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.
Short
by InkyGrip
6
GBPNZD - DAY TRADE VIEWGBPNZD - Based on daily chart & hourly chart it's supposed to go down, parallel channel is there on hourly it may touch the lower end. My approach will be a sell in the range 1.96050 - 1.96200 Maintain stop loss around 1.96600 Potential downside target 1.95500 Follow the levels as mentioned Traders, if you liked this idea hit the like button & write in the comment section. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
Short
by Professor_GS
GBPNZD on a monthly resistance 🦐GBPNZD is on the test of a monthly resistance. Price is consolidating below the 1.95500 level and at the moment is respecting the ascending channel. IF the price will break and close above the 1.96 level, we can set according to Plancton strategy 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
Long
by InkyGrip
2