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Gbp-nzd

Don't miss the great sell opportunity in GBPNZDTrading suggestion: . There is a possibility of temporary retracement to resistance line (1.9635). 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 downtrend is expected. . Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. . The RSI is at 33. Take Profits: TP1= @ 1.954 TP2= @ 1.935 TP3= @ 1.908 SL= @ 1.972
Short
by ForecastCity
2
Don't miss the great sell opportunity in GBPNZDTrading suggestion: . There is a possibility of temporary retracement to resistance line (1.9635). 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 downtrend is expected. . Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. . The RSI is at 33. Take Profits: TP1= @ 1.954 TP2= @ 1.935 TP3= @ 1.908 SL= @ 1.972
Short
by ForecastCity
6
ELLIOT WAVE: GBPNZD BEARS READY TO RESUMES A LONG-TERM DECLINEHi Traders, The GBPNZD daily chart above revealed that the sell-off from the high at 2.0476 to the low at 1.8132 was an Elliot wave impulse structure, labelled 1-2-3-4-5. According to the theory, a three-wave correction in the opposite direction follows every impulse. . The retracement after the impulse unfolded as a W-X-Y double three corrective structure with a simple zigzag in wave W & X, and double zigzag in wave Y. If this count is correct, the 5-3 wave cycle seems complete. The theory states that we can now expect the larger trend to resume in the direction of the impulsive sequence. . Besides, wave (2) has already entered 78.6% Fibonacci levels, where second waves often terminate. Wave Y also equal wave W at the same level, typical relationship for a double zigzag. And last but not least, there is also a bearish rejection candle at the key resistance level. . Wave (3) decline should easily move the prices below the low of wave (1) in the months ahead. A break below the blue ascending trendline will further confirm the bearish idea. . Thanks for reading! Veejahbee.
Short
by Veejahbee
GBPNZD 1 Hour - 4 : 1 SHORT tradeHello all Following the NZD news last night, my position was taken out at 50% of retrace as I moved my stop forwards to reduce my risk. I then shorted GBP against NZD overnight and am now looking to do this again. Once I get a bearish engulfing on the 1 hour chart I will look to enter. Price could go higher to the dynamic resistance line (heading north east direction) (where the second short trade is shown) We will see how this plays out. Thanks for looking Duncan Duncanforex.com coming soon
Short
by UnknownUnicorn483829
GBP/NZD DAILY technical review we have more than reason for short this pair form short levels targets are clear on chart . stop lose = first target or less than it . we must be careful about risk management because we are on daily chart > This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So please make your decision based on your vision . To protect capital and manage your deals and trading successfully the maximum loss in each transaction for the same currency or commodity in the same direction should not exceed ( 2% ) of the capital . Good luck >>
Short
by Golden_Spiral
3
SHORT GBPNZD Approaching Resistance, Prepare For A ReversalGBPNZD is approaching its resistance at 1.9620 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it is expected to reverse down to its support at 1.9062(38.2% Fibonacci retracement , horizontal swing low support). tochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by FlowState
GBPNZD Approaching Resistance, Prepare For A Reversal GBPNZD is approaching its resistance at 1.9620 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.9062(38.2% Fibonacci retracement, horizontal swing low support). tochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by Klimex
GBP NZD Long trade the Breakout 1.95 will confirm 2.00GBP NZD Long trade the Breakout 1.95 will confirm 2.00 as previous posts stated we were short as long as our trendline held Well it broke with a nice 4 hour bearish Dodgi perfect , we will now target 195 , a break of this zone will see higher highs and a possible 2.00 GBP issues are being clarified EU will give UK a long extension which we will see the GBP rise a bit for the near future We are NOW LONG on all our GBP trades
Long
by London_fx_club