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Gbp-nzd

GBPNZD: Sell opportunity on the 1M Resistance.The pair has been consolidating for 1 month following the October 16th rejection on the 1M Resistance. Due to this consolidation, 1D naturally is neutral (RSI = 53.790, STOCH = 52.061, Williams = -54.030, CCI = -35.5091, Highs/Lows = 0.000) but still above the 1D MA50 (blue line). Based on the price and 1D RSI action, the current pattern resembles the second half of 2017. Then, after crossing below the 1D MA50, it found support on a Higher Low trend line. This is a sell call towards 1.95000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
5
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.
Long
by wakethesheep
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.
Long
by AGold54
5
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.
Short
by AGold54
11
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)
Long
by Danialhassan
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
Long
by AGold54
14
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!
by AschraM
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
Short
by AGold54
16
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.
Long
by AGold54
6
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.
Short
by TraderMozo