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
Gbp-nzd
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.
Bearish Idea on GBP/NZD by ThinkingAntsOk4H CHART EXPLANATION:
In 4H chart, we observe that price effectively rejected the Confluence Zone and now it is facing the Support Zone 1, after breaking the Ascending Channel. If the zone is broken and price consolidate, then it has potential to reach the Support Zone at 1.90300.
DAILY CHART:
GBPNZD SS Long + 131 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 (it is one or the other, not both)
Entry = 1.8500
Stop = 1.9475
Risk = 25 pips
Profit target = 1.9631 ( The projected daily high )
Reward = 131 Pips
RRR = 6.55 -1
2nd Entry = 1.9555
Stop = 1.9530
Risk = 25 pips
Profit target = 1.9631 ( The projected daily high )
Reward = 76 Pips
RRR = 3 -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.
GBPNZD WILL FALL!!! HERE IS WHY!
hey traders,
I was paying close attention to GBPNZD these last two weeks.
The reason is that the pair has recently approached a 2019's high and was strongly rejected.
Sellers have been pushing the market to the support line of a rising channel
and we see the complete reluctance of buyers to open long trades on dip,
so the market has set a lower high.
Now the market has recently violated the boundaries of a channel
and we see a rise in selling volumes.
+ taking into account the historical perspective we see how similar the sentiment was this spring.
based on these observations my bias on pair is bearish and I expect bearish continuation to lower structure levels.
Target levels are 1.95 and 1.88
*if you like this idea, please, like it and leave a comment! thanks :)
GBPNZD Possible Selloff Pending????GBPNZD looks like it may be settingup a short opportunity. Channel is pretty clean given how volatile this pair can trade.
1) Bulls attempted failed breakout to the upside.
2) Triggered a sell off all the way down to channel support.
3) Price unable to secure support above channel heart--line.
4) Bears attempt to break through channel support. (False breakout)
5) Bulls again unable to sustain break above channel heart--line. Double top formed. Lower high = Bearish confirmation.
6) A move back down to re-test channel support?????
A selloff in this pair would be confirmation that selloff in EURNZD will follow.
GBP coiling up expect a breakout in the very near future.... ;)
GBP Equally weighted index.
GBPNZD 2/10/2019Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH?
So SM must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
CHARTS AGENDA:
SM - SMART MONEY
PA - PRICE ACTION
BITCOIN SIGN - MONEY POCKET
ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS
BLUE LINES - ENTRIES WITH SM
MARKED LINES - POTENCIAL ENTRY POINT
BOX - GAP's
GOD BLESS U ALL!
GBPNZD 30/09/2019Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH?
So SM must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
CHARTS AGENDA:
SM - SMART MONEY
PA - PRICE ACTION
BITCOIN SIGN - MONEY POCKET
ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS
BLUE LINES - ENTRIES WITH SM
MARKED LINES - POTENCIAL ENTRY POINT
BOX - GAP's
GOD BLESS U ALL!