Gbp-nzd
Don't miss the great buy opportunity in GBPNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.8571). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 66.
Take Profits:
TP1= @ 1.87411
TP2= @ 1.88947
TP3= @ 1.90835
SL= @ 1.8505
Don't miss the great buy opportunity in GBPNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.8571). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 66.
Take Profits:
TP1= @ 1.87411
TP2= @ 1.88947
TP3= @ 1.90835
SL= @ 1.8505
Potential Bullish Movement on GBP/NZD by ThinkingAntsOk4H CHART EXPLANATION:
On this timeframe price is on a Desncending Channel, and broke the middle trendline inside it. Also, on a higher timeframe, it did a fakeout of the Major Ascending Channel, so we now expect a pullback towards it to continue the upside move.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
GBPNZD SS Short + 76 Pip PotentialPrice is below the Daily and 15 KS as well as the cloud. This is a Type 2 trade with a High probability and good RRR.
Entry = Sell CLOSE below 1.8487
Stop = ??
Risk = 25 pips
Profit target = 1.8409 ( The projected daily low )
Reward = + 76 PIps
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great weekend!
Allen
GBPNZD SS + 102 Pip PotentialPrice is below 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 = 1.8468
Stop = 1.8488
Risk = 20 pips
Profit target = 1.8366 ( The projected daily low )
Reward = +102 Pips
RRR =5-1
2nd Entry = 1.8436
Stop = 1.8461
Risk = 25 pips
Profit target = 1.8346
Reward = 90 Pips
RRR = 3.6 - 1
I would appreciate if you leave a comment or like as a thank you
Allen
GBPNZD - FOREX - 15. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
-
1 HOUR
Bearish price action and pressure.
4 HOUR
Break below previous lows and support zone of short/midterm long holders.
DAILY
Market structure at a strong support zone, expecting some bullish price action now!
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FOREX SETUP
BUY GBPNZD
ENTRY @ 1.87160
SL @ 1.86370 (80 Pips)
TP @ 1.88500 (135 Pips)
RR: 1.70
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPNZD SS Short + 148 Pip PotentialPrice is below 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 = 1.8855
Stop = 1.8875
Risk = 20 pips
Profit target = 1.8707 ( The projected daily low )
Reward = 148 Pips
RRR =7.4 -1
2nd Entry = 1.8782
Stop = 1.8907
Risk = 25 pips
Profit target = 1.8707 ( The projected daily low )
Reward = 75 Pips
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Allen