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:
Gbp-nzd
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!
GBPNZD: Short opportunity within a 1W Rectangle.This pair has been on a non-stop rise since the beginning of August that only recently exhausted near the 2.00290 1W Resistance. This is most likely a Double Top rejection formation and 1W may form a Rectangle within that Resistance and the 1.82800 Support. With 1W fast approaching neutral levels (RSI = 55.639, MACD = 0.010, Highs/Lows = 0.0299), we are expecting the pull back to be extended and have a (rather wide indeed) Target Zone of 1.87000 - 1.82800. Pay attention to the High Volatility Zone within 1.9080 - 1.94220, which can keep the price sideways for a few sessions.
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GBP/NZD at important resistance ahead of BrexitSimilar to GBP/AUD, the GBP/NZD pair is at an important resistance zone and today's candle already shows increased selling pressure.
The pinbar pattern of Friday is a sign that the pair could have difficulties to break above the 2.00 level in a new attempt. The level is also an important psychological resistance.
Notice the hidden bearish divergence in the RSI.
GBPNZD SS Long +199 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 = 1.9845
Stop = 1.9825
Risk = 20 pips
Profit target = 2.0044 ( The projected daily high )
Reward = +199 Pips
RRR = 10 - 1
2nd Entry = 1.9977
Stop = 1.9947
Risk = 30 pips
Profit target = 2.0067
Reward = + 90 Pips
RRR = 3 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great weekend !
Allen
Thank you for all the support and pre-orders I have gotten for my new Book
it is a step by step detailed explanation of my methodology followed by a day by day application of the methodology through the month of September.
As one of the bonuses for purchasing the book I am providing 4 days of live training. I am limiting the training room to 10 people and those who "pre-order the book will receive priority placement. I have also been sending a great little bonus upon signup.
Just to be clear, I am providing training for everybody, but placement is a “first come, first served’ basis.
The cost of the book is $54.95 and will be available September 30. If you are interested, please send me an email at FXGold54@gmail.com
GBPNZD SS Long + 98 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 = 1.9643
Stop = 1.9618
Risk = 25 pips
Profit target = 1.9741 (The projected daily High)
Reward = + 98 Pips
RRR = 3.92 - 1
I would appreciate if you leave a comment or like as a thank you!
Have a great week !
Allen
Thank you for all the support and pre-orders I have gotten for my new Book
it is a step by step detailed explanation of my methodology followed by a day by day application of the methodology through the month of September.
As one of the bonuses for purchasing the book I am providing 4 days of live training. I am limiting the training room to 10 people and those who "pre-order the book will receive priority placement. I have also been sending a great little bonus upon signup.
Just to be clear, I am providing training for everybody, but placement is a “first come, first served’ basis.
The cost of the book is $54.95 and will be available September 30. If you are interested, please send me an email at FXGold54@gmail.com