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Gbp-nzd

GBPNZD Long - FlashcardGBPNZD Long Direction: - Held last weeks low on the H4 & H1. This price action indicated it was going to move from a Bearish Cycle to a Bullish Cycle. Furthermore, it was at the last level of a Bearish Cycle, so it was due to reverse. - Reversal Multi-Session W (Double Bottom) pattern on the 29th June indicated the new low of the cycle (Peak Formation Low, PFL). This gave me more confidence to long today. Entry: - W (Double Bottom) pattern formed on the M15 and H1. - Low was held for multiple hours during the day. This price action indicated the low was most likely not going to be broken, especially as they came back for it but then RR (railroad) tracked back up. - Shark-fin (RSI crossed back into the volatility bands) on the first leg of the Double Bottom pattern which confirmed price wanted to move back up. - MBL (Market Base Line) started to point upwards on the second leg of the Double Bottom pattern, which most likely confirms a rise in the pair. - Candle closed above the 13 EMA which confirmed my long entry on this pair. (This is where I entered). Exit: - SL @ 26 pips (7 pips below low of the day) - TP 1 @ 46 pips (just below YH) - TP 2 @ 81 pips (just below the 800 EMA). - Both YH (Yesterday's High) and the 800 EMA are resistance points that they may have bounced off.
Long
by FotiosDimitriou
Don't miss the great buy opportunity in GBPNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.9315). 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 65. Take Profits: TP1= @ 1.9510 TP2= @ 1.9645 TP3= @ 1.9795 TP4= @ 1.9995 TP5= @ 2.0155 SL= Break below S2 ❤️ 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 ❤️
Long
by ForecastCity
41
Don't miss the great buy opportunity in GBPNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.9315). 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 65. Take Profits: TP1= @ 1.9510 TP2= @ 1.9645 TP3= @ 1.9795 TP4= @ 1.9995 TP5= @ 2.0155 SL= Break below S2 ❤️ 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 ❤️
Long
by ForecastCity
20
GBPNZD - SWING - 24. JUNE. 2020Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Bullish price action and closure above main sr level. 4 HOUR Overall market turning bullish right now, good long entries! DAILY Expecting another push to the upside. - FOREX SWING BUY GBPNZD ENTRY LEVEL @ 1.93620 SL @ 1.92190 TP @ 1.95550 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
Long
by DACapitalTrading
6
GBPNZD - SWING - 15. JUNE. 2020Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Bullish open and close above main sr. 4 HOUR Bearish market need a pullback and retest of previous highs. DAILY Expecting a shortterm turn and bullish pressure. - FOREX SWING BUY GBPNZD ENTRY LEVEL @ 1.94800 SL @ 1.93870 TP @ 1.96080 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
Long
by DACapitalTrading
36
GBPNZD - Possible bullish routePAIR IN FOCUS: GBPNZD BIAS: NEUTRAL-BULLISH HORIZON: SHORT TO MEDIUM-TERM Price is currently in a range and it would be good to be patient and wait for a break out of it. Should the price break higher, observe for a retest of the upper range area for targets at the next structure level. Likewise for TP 3, we would want to see a break and retest of the structure level AND strength to climb higher. TP 1 - 1.96900 TP 2 - 1.98200 TP 3 - 1.99300 Let's see how this goes!
Long
by TraderMozo
1
GBP/NZD: GOOD BEARISH SIGNALSHello Traders! - MACD looks very pessimistic -> STRONG BEARISH MOMENTUM - RSI is NOT OVERSOLD and it is DESCENDENT High probability of breaking out from the support and going down until the historical support! GO SHORT when the support breaks. Watch out for possible false breakout!!! VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas. Please, maintain proper position sizing and risk management!
Short
by vf_investment