Gbp-nzd
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)
GBPNZD ANALYSISGBPNZD completed bearish elliot wave (5)
MACD shows weakness in bearish momentum
RSI shows positive divergence
we r waiting price to close above key level at 1.9760 to open long trade
It's expected for coming bullish movement to target HVN at level 2.0055
GBPNZD - SWING - 01. SEPT. 2020Welcome to our weekly trade setup ( GBPNZD )!
-
1 HOUR
Bullish market open and pressure.
4 HOUR
Price closed above main sr level.
DAILY
Expecting another push to the upside following midterm trend.
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FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.98920
SL @ 1.97650
TP @ 2.00870
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 price has broken above resistance after a double bottom. This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
GBP/NZD WEEKLY ANALYSISThe pair broke through support level at 1.98237 then acted as a resistance level once the price retested. Resistance held price below and we may see a retest of support level 1.96408
GBPNZDGBPNZD broke the descending channel. It has already tested the support line, forming an inverted Head & Shoulders pattern.
GBPNZD-4hr's Seem we Have Landing Soon📍__**Hello all traders
🎗 GBP/NZD Setup / Analysis
🕐 4HR'S Chart
📋 Educational
—————**-
🗒 Just browsing through my analysis means a lot to me.
➡️ Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied
Always enter into deals when there are more than 5 reasons
combined
Key Technical / Reason's Short Position's
🔰Entry Reversal
---- 1.99700 Area
Value Area Break Out
Head & Shoulder Break Out
Day low Break Out
Up Channel Break Out + 3 Drive
Down Counter Trend
Target Reversal
----- 1.95000
High Volume Poc
Major Turn level
Head & Shoulder Target Reversal
Ultra High Volume Area
GBP/NZD
Short Down " 1.99650 - 1.99750
Take Profit " 75 PIP / 150 PIP / 225 PIP / 300 PIP
Stop loss " 75 PIP
📍Risk 2.5 % : 5 %
➕Account Growth Expecting " 5 % : 20 %
❗️Risk : Reward 1 : 4
GBP NZD SELL (POUND STERLING - NEW ZEALAND DOLLAR)Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
