Gbp-nzd
GBP/NZD SELLPOTENTIAL TRADE: GBP/NZD
In this currency pair, we are looking for short positions. As you can see, we had our fist impulse down as shown by the flag-pole. We are not experiencing a correction in the form of horizontal flag. We are looking for sells at 2.0145 (current market price).
ENTRY - 2.0145
STOP - 2.0250
TARGET - 2.0
GBPNZD LONG TRADEGBPNZD broke upper edge of up channel and then rejected from supply zone at level 2.0435
Bearish movement occurred for retesting upper edge of channel
Price rebound from 61.8% Fibonacci level at level 2.0016
Price broke upper edge of falling wedge pattern
MACD shows weakness in bearish momentum
RSI is in uptrend
It's expected for bullish movement to target supply zone at level 2.0435
GBPNZD - A GREAT START OF THE WEEK / LIVE VID Hello Traders,
GBPNZD is going to treat us very well this week if the pattern is correct.
Most of the time when im reading the patterns, im getting them right so lets see how this will play out.
I'm about to do a live trading video on it, so stay tune and wait and see.
Trade Safe - Trade Simple
Alex
GBPNZD: Sideways opportunity for the next 5 months.GBPNZD followed the direction set on our November call and pull back to the symmetrical (black dashed line) support:
As mentioned then, this is repeating the late 2017/ early 2018 pattern. Since the uptrend was rejected on the 2.04750 1M Resistance and the price pulled back, with 1D turning neutral (RSI = 55.295, ADX = 26.734, Highs/Lows = 0.0000), we are expecting sideways price action for the next 5 months within the 1M Resistance (2.04750) and the MA200 (orange line) on the 1D chart.
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GBPNZD 200pips move!!Clear trend channel since Dec'19! In lower timeframe we can see a possible H&S formation in the last higher high! Price in support/resistance zone! Waiting for candlle closure below 1.9930 would be great to short!! Keep waiting
What do you think??? Lave a comment!! Let me know your opinion about this one!!
GBPNZD, Great Britain Pound - New Zealand Dollar: RectangleFX:GBPNZD
The breakout of resistance or support could lead this cross to a new trend.
What would be done in that case?
We put the order to market after the confirmation of the weekly closing of the candle, we define the stop loss on the basis of the parameters of our strategy, we follow the trend in a systematic way without being taken by the fear of closing the trade in advance for the price to go back or without thinking that the trend could last forever.
Why do we do this?
Because we allow ourselves to go earn enough to pay the small losses of the false signals plus the profits that make the difference on our equity line.
Happy Trading at All!
GBPNZD SELL SETUPStrong bearish wave ended at level 1.9405 then correction occurred until level 38.2% Fibonacci level at 1.9774
Price is rejected from this level and break the corrective uptrendline
Below Moving Average 100
MACD shows negative divergence
RSI broke uptrend
Price is based below key level 1.9654 and HVN at level 1.9673
It's expected for coming bearish movement to target the level 1.9405