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Gbp-nzd

GBPNZD At Inflection Point - Continuation or Exhaustion?GBP has been on a tear lately. I'm going to assume bulls stepped up to the plate after all time low was tested a couple weeks ago. Whatever the reason, doesn't really matter.... Typically, any currency that runs on a really strong trend ends up reversing and finds itself on the opposite side of the spectrum. That being said, no one can say how long the trend continues for (but I'm watching for signs of exhaustion). This is a perfect setup to put bulls to the test. Do we see strong buying in an attempt to breakout or do they back off and let price pull back first. Either way there's an opportunity to bank some pips here imo.... One note,most breakouts fail.... So odds are price gets rejected. Couple price targets marked on the chart depending on how this plays out. Here's a link showing currency strength vs USD since September 1. There's a mix of risk / safe haven currencies on both sides of the spectrum so it's not about risk sentimennt. Question I ask myself, do traders all of a sudden love the GBP? Few weeks ago, you couldn't find a buyer anywhere. My guess is it's a more general move away from USD. The most oversold currencies look like the best value so we're in the early stages of money exiting DXY. prntscr.com I called the reversal in GBP a few weeks back.... Ideas linked below.
by cccpKGB1
9
GBPNZD: Sell Opportunity In the Direction of BreakoutsThe price moves in the borders of the triangle. The breakout from this pattern will give a trading opportunity. If we look at the daily timeframe, the market looks more bearish. Also, the breakout below the uptrend line tells us about a possible trend reversal. Based on these signals, I would like to expect a downward movement. For an additional confirmation that the market is going to move lower, we will need to wait for the breakout below the support level too. Short trades can be opened below 1.91000 with stop orders above the local swing high. Profit targets will be the support levels.
by DLavrov
Easy 250+ pips, dont miss! - GBPNZD - SELLAfter analysis i can say we will haveve much more bigger DOWN trend. NZD is gain power from last trade deal talk this weak, nd from AUD rate cut, NZD is today the strongest currency and i believe we will see much more biger down trend here. GBP is keep self high all this week but today is start to lose power. TP1: 1.89910 ENTRY: 1.91160+- SL: 1.91530 Chart time frame - 1D Time for reaching TP - 8 - 72 hours More information soon! Follow, Like, Share or Comment Thanks on supporting! All best!
by UnknownUnicorn3983388
GBPNZD SS Long + 178 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 Great RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.8880 Stop = 1.8860 Risk = 20 pips Profit target = 1.9058 ( The projected daily high ) Reward = +178 Pips RRR = 8.9 - 1 2nd Entry = 1.8950 Stop = 1.8925 Risk = 25 pips Profit target = 1.9058 ( The projected daily high ) Reward = + 108 PIps RRR = 4.32 - 1 I would appreciate if you leave a comment or like as a thank you Have a great week ! Allen
Long
by AGold54
14