GBPNZD continues to rise.The price has broken the resistance line and is above the pressure area. I expect growth from the current point to the target area
Gbp-nzd
GBPNZD - DAY TRADE VIEWGBPNZD - Trading close to the resistance zone and chances are there for a downside reversal.
My approach is a short sell at current price 1.94600
Stop loss 1.95250
potential downside target 1.93860
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GBPNZD - SWING - 21. SEPT. 2020Welcome to our weekly trade setup ( GBPNZD )!
-
1 HOUR
Bullish pressure right now, good shortterm long setup!
4 HOUR
Overall sideways market structure in smaller tf.
DAILY
Expecting prices to push towards previous resistance zone.
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FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.91860
SL @ 1.90810
TP @ 1.93480
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
GBPNZD continues to rise.The price rolled back and is now ready to rise again. I expect growth from the support line to the point T.
GBPNZD LONG I believe this pair will go for a 'Long' because it has rejected the support line multiple times in the 1.91 zones. I think it will bounce back up to the weekly resistance zone of 2.05. I am seeking a sniper trade from this> very low risk and big reward.
What I'm seeing on GBPNZD!Price back to my previous trend line support. Our previous analysis played out. This now. Take profit or stop loss. Till then lets see.
Buy Position In GBPNZDif a strong Bullish candle happen in the shown price
we're gonna open a buy position with the shown stop loss and take profits
good luck :))))
GBPNZD BUY IDEAWe notice in the chart that the pair continued to decline in the previous period
But it appears in some indications that the pair has lost the selling power
The price is now in a strong support area, and there are signals to start buying, and this area is a consolidation area
The price after the reversal showed slight buying power
I expect to buy in the short and medium-term unless the price breaks the support zone down
GBPNZD ANALYSISGBPNZD rebounded from key level at 1.9120 with strong bullish movement
Price is based above HVN at level 1.9196 which indicates that pair is in accumulation phase
RSI is in uptrend
It's expected for coming bullish momentum to retest major downtrendline near level 1.9400
GBPNZD: Key Levels That You MUST Consider
hey guys,
GBPNZD is currently approaching a strong weekly structure.
because the pair is very volatile and can boom and bust very quickly,
here are the key levels that you must consider trading this market:
Support 1 - 1.905 - 1.915
this structure is based on the current year's low and price action of 2019th.
the market is currently testing that area, so look for long opportunities on lower time frames.
Support 2 - 1.84 - 1.854
this structure is based on 2018's and 2019's structure lows.
though the market dived deeper testing theses levels,
weekly candles have perfectly closed within the above-mentioned zone.
Resistance 1 - 1.945 - 1.955
this structure is based on 2019's price action.
in case if support 1 is respected, it can be the first goal for swing traders
Resistance 2 - 2.0 - 2.02
this structure is based on current year's high and 2019's price action
major reversals always happen on key levels.
so always pay attention to the reaction of the market to these zones.
GBPNZD touched strong support lineGBPNZD rolled back and is now ready to rise again.
I expect growth from the value area to the resistance line
GBPNZDIf could close under 1.9410 in H4 ( 261 level of fibonacci) it can reach easilly to 423 level of this fibo at 1.9155.
you can set sell position with SL=1.9625 and tp=1.9155
GBPNZDAs published by my self on September 4th this pair had retraced to our 61.8 fib with a clear rejection of this level. Price then continued to push down taking out previous lows to eventually reach our target zones at the -27 and -61.8 fib extension levels. Those that are part of our private educational group capitalised massively on this particular set up.
GBPNZD: Long Trade Explained
GBPNZD is trading within a key weekly/daily zone of demand.
this zone is based on a strong horizontal structure + confluence with 618 retracement of the last major leg and a support line of a falling parallel channel on 4h.
on hourly time frame the price stopped falling after a massive selloff and set a higher low forming a double bottom pattern.
now I wait for a bullish breakout 1.949 minor resistance to initiate a long position.
target levels:
1.956
1.96
in case of a new lower low, lower close, setup will be invalid.
GBPNZD longAs the price reached the support line, we can see from the chart that the price will go up
GBPNZD GBPNZD GBP NZDOn GBPNZD we have seen a retracement to the 61.8 fib in this overall bearish trend. We can also see that the we are retesting the August open which sits nicely with our 61.8 fib. If we see a strong close below the August open we will most certainly be looking to open a short position down to our -27/61.8 fib extension levels that correlate nicely with previous swing lows.
GBPNZD Buy Set Up (+600 pips)GbpNzd BUY
ENTRY : 0.96480
Tp 1 : 0.97520 ( +100 pips)
Final Tp : 2,02515 (+600 pips)
