GBPNZD MAKRET OPEN LONGGBPNZD has been in consolidation after breaking above our key level at 2.000. I believe we are finishing off this consolidation and will be breaking out to the upside. As well with current P.A, we may get a better entry on market open, and perhaps be seeing a gap to the downside, closer to 2.0125. This would give us an optimal entry for long positions and we can look for a 700 pip TP at 2.0800 . This is a big swing trade but GBPNZD is very volatile and with the fundamentals coming in the near future, these could easily help us get there very rapidly.
Gbp-nzd
GBPNZD SS Long + 167 Pip PotentialPrice is above the Daily, 60 as well as in the 15 min cloud. This is a Type 1 trade with a High probability and good RRR.
PB Entry = 2.0154
Stop =2.0134
Risk = 20 pips
Profit target = 2.0321 ( The daily projected daily High )
Reward = 167 Pips
RRR = 8.35-1
I would appreciate if you leave a comment or like as a thank you
Have a great weekend!!
Allen
Pl ease note that the last new trader training session for 2019 is going to be the week of December 2. Since I think it is extremely beneficial to have the book at least 2 weeks prior to the training, the last day to obtain the book is Today.
If you are interested please message me with your email.
GBPNZD Post news trade Short + 188 Pip PotentialFollowing the positive reaction to the NZD interest rate decision where they kept the interest rate the same, when a cut was expected, coupled with the negative UK CPI . We have the potential for a great continuation to the downside.
Entry = 2.0124
Stop = 2.0144
Risk = 20 pips
Profit target = 1.9936 (the Daily KS)
Reward = 188 Pips
RRR = 9.4-1
Once this trade is up + 20 pips, move your stop to breakeven and let it run.
I would appreciate if you leave a comment or like as a thank you
Allen
** Please note that the last new trader training session for 2019 is going to be the week of December 2. Since I think it is extremely beneficial to have the book at least 2 weeks prior to the training, the last day to obtain the book will be November 15.
If you are interested please message me.
GBPNZD SS Long +77 PIp PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
BO Entry = 2.0239
Stop = 2.0214
Risk = 25 pips
Profit target = 2.0316 ( The projected daily high )
Reward = 77 Pips
RRR = 3.1 - 1
Allen
this trade was analyzed and agreed upon by the traders in my Training Room
GBPNZD bullish expected for the week GBPNZD bullish expected
-can take multiple entries near previous highs and low (those are good places where price has reversed in the past)
-if your stop is taken out 1st time (Don't worry you can enter again for bullish entry or can increase your Stop loss) ( dont hesitate to take reversal entry against your analysis to save some few pips until u see the reaction of swing u expect ( u can quit that trade at BE or sustain a small loss if reaction shows up)
-risk management is very important to reduces your losses during tough time
-previous highs and lows are very good reversal points in the market (provided they coincide with your analysis)
GBPNZD SS Long + 75 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries. If the PB is triggered first, then the BO entry is cancelled. It is not an add on position.
BO Entry = 2.0219
Stop = 2.0194
Risk = 25 pips
Profit target = 2.0290
Reward = 75 Pips
RRR = 3 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
* This trade was analyzed and agreed upon in my training room
GBPNZDOk everyone so we were selling GBPNZD. Our trading team caught the top with a small micro lot closing with a nice $72 dollar profit.
Currently price is pulling back inside a bullish flag range. We broke a descending pennant into a symmetrical 1hr / 30m pinch (marked by the purple lines)
If you take notice we are riding the 50% bullish range dashed line. We are below the horizontal range 50% dash line as well from the support and resistance RED AND BLUE LINES. This means we are bearish in the short term until we ....
1. Make a new low and a new higher high inside the slanted bullish range.
2. Stay above the 50% bullish range dashed line and break out of the solid black top range line.
3. Show a buy pattern AFTER we break out of the 2hr range which means we will be looking for a DAILY pullback to 61% (marked by the yellow circle). In that zone is where a buy continuation can happen. Or a resistance can form here and we continue lower making a MONTHLY LOW before making a monthly new high in 4 to 6 months from now. Too far out to tell.
The blue dashed line is your support on the 4HR and the 50% monthly medium price range from the Major support and monthly resistance.
Sellers sit above the last high (point D/5)
Buyers sit around Major Support dark blue line. Once point C breaks and makes a new low that is when buyers will try to push back in.
Are you a buyer or seller of GBPNZD? Long term or short term?
I see a ABCD possibility inside this ABC correction that is happening after the 12345 impulse we just had.
PLEASE UNDERSTAND WE ARE AT MONTHLY HIGHS AND PRICE DOES NOT HAVE TO CONTINUE HIGHER RIGHT NOW. WE ARE ON AN OBVIOUS PULLBACK AND THIS IS A CONSOLIDATION ZONE!!!!! THE TREND IS YOUR FRIEND FOLLOW THE DOWNWARD TREND UNTIL WE HAVE SUPPORT ABOVE THE MONTHLY RESISTANCE!
As always trade safe, manage risk, and please comment and like for support!
GBPNZD SS Short + 290 Pip PotentialPrice is below the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries. If the PB is triggered first, then the BO entry is cancelled. It is not an add on position.
PB Entry = 2.0166
Stop =2.0186
Risk = 20 pips
Profit target = 1.9876 ( The projected daily low )
Reward = 290 Pips
RRR = 14.5 - 1
BO Entry = 2.0059
Stop = 2..0084
Risk = 25 pips
Profit target = 1.9876 ( The projected daily low )
Reward = 183 Pips
RRR = 7.32 - 1
I would appreciate if you leave a comment or like as a thank you
Allen
this trade was analyzed and agreed upon by the traders in my Training Room
GBP/NZD Bearish Movement coming. By ThinkingAntsOk4H CHART EXPLANATION:
We observe that price left a clear rejection to the Confluence Zone explained on the Daily timeframe. Now, it is consolidating on a rectangle, so, we are waiting for a breakout of this figure. The first target of the movement is the Support Zone (previous resistance Zone) at 2.000. If this zone is penetrated, then price has potential to reach the Ascending Trendline.
DAILY CHART ANALYSIS:
GBPNZD SS LongPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
BO Entry = 2.0003
Stop = 1.9978
Risk = 25 pips
Profit target = 2.0144( The projected daily high )
Reward = 141 Pips
RRR = 5.64 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
** I apologize if I am a little slow responding to comments as I am conducting a training room for the next several weeks.
GBP/NZD SELL Opportunity.Based on the news from Thursday, we saw 600 pips rise. This was a pure speculation, and now we are in a big overbought situation. At the moment the pound got rejected at a key fibb level on a monthly/weekly/daily chart. I expect a retrace to 61.8% fibb on a daily chart and then continuation in a bear movement.
Possible downward continuation for GBPNZDPAIR IN FOCUS: GBPNZD
ACTION: SHORT
2 possible routes for a Short plan:
- First route would be a direct drop from current price.
- Second route would be a further retrace higher and retest of the rising channel again before a drop.
Price has broken down from a rising channel and retested the lower bound of the channel. Expecting price to continue its breakdown towards the nearest support/resistance level @ TP 1. Observe for bearish price action before any entry.
The Entry Zone, TP Zone and Stop Loss have been indicated on the chart.