GBP NZD BULLISH CYCLEIM WAITING THE END OF THE BULLISH CYCLE, LF SH IN LIQUIDITY ZONE IN THE TOP TO PUT A BIG SELL
Gbp-nzd
GBP NZD as long as trend line holds look for break out @19550 We are long on the GBP NZD and have been 500 pips ago
as long as our lower trendline holds we will maintain a long position
A break of 19550 will open the door to 2.000 +
GBPNZDGBPNZD- I am expecting continued more GBP weakness this week , I am targeting the price level of 1.8990 for GBPNZD.
GBP NZD LONG Nice 5 to 1 trade We are taking a long on the GBPNZD , 5 to 1 risk reward ROI , nice start to week
Why ??? its April fools day why Not
No seriously we are long
have a great trading week
GBPNZD SELL THE RETESTCheck my chart.
broken support and rested the trend support as resistance.
I am seeing this going down to at least 100pips.
Always use risk management and don't overtrade.
Goodluck!
GBP/NZD SHORT BIASI noticed a bear flag pattern on the GBP/NZD currency pair, coupled with a head and shoulders pattern. Both scenarios should be reason enough to look for potential shorting opportunities on this currency pair
GBPNZD SELL BROKEN AND RETESTEDcheck my chart
trend continuation.
broken support and retested,
Going down to hit the trendline on daily.
GBP/NZD Short into a Long setupGBP/NZD has broken manged to spike 300 pips off of a 3rd touch on the uptrend. It has spiked right into a down trend which we could look for shorts. It will more than likely pull back to the Downtrend that was once broken and retest on the back end of it. If it fails to do so we could target our uptrend. In which we could look for longs if price does show signs of reversal from this region.
GBPNZD short +400 pips half way there Our GBPNZD trade is doing well
+400 pips and we are staying short for another +400 pips
Brexit uncertainties
Strong NZD Figures out recently , and all indicating factors are pointing south here
GBPNZD approaching resistance, potential drop! GBPNZD is approaching our first resistance at 1.9272 (horizontal pullback resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.9087 (horizontal pullback support, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBP NZD short Brexit Tensions this week Our GBPNZD short call is doing well
as you see in this chart the GBPNZD is still trading inline within our trend lines and FIB levels
we will stay short for another 200 pip min and using our FIB levels as SL and TPs
have a great Trading Week
£££££££££££££ $$$$$$$$$$$$$$$$$$$$$$ GBPNZDTrade not entered yet! but if this candlestick stays like this then I will be entering! yes on the NZD side it is risky but worth it in the end still so many more lessons to learning on candlesticks and wicks
GBPNZD 1:3 Risk Reward LONG (Waiting on confirmation)GBP
- Brexit delay released some uncertainty for a deal in the UK and to organize the legal structure of companies
- FOMC meetings in the US showed they are not going to raise rates causing investors to choose alternative securities to get better returns on investment
- Daily/ 4HR support in sight, signs of buying already at hand.
- STRONG fundamental scores in my system
NZD
- Latest GDP release suggesting economy is as forecast no unexpected growth
- Since GDP is a lagging indicator in the economy likely to see some downturn as the true value is priced in
GDP is Y = C + I + G + NX
- C = Consumptions
- I = Investments
- G = Government expenditure
- NX = Net Exports of Goods and Services
GBP NZD as long as 19400 holds we May see a drop of 300 pointsGBP NZD , is fast moving pair , get it right and you win big , get it wrong and you will be stopped before you finish your coffee
As long as the strong trendline around 19400 holds we may see a drop of +300 pips
it dropped +120 today and has retraced 50% or so
Stay short
Day trade on GBPNZDcaught this one from a fake out and entered short, price seems to be respecting the downward trendline, TP set at channel support & previous area of interest.
GBPNZD LONGPersonally I think you can see where it tried to sell but the buyers pushed back and now I think this could be something of a uptrend
GBPNZD Approaching Resistance, Prepare For A Reversal GBPNZD is approaching its resistance at 1.6608 (61.8%Fibonacci extension, horizontal pullback resistance, 61.8% Fibonacci retracement ) where it is expected to reverse down to its support at 1.6552 ( 23.6% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance 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.
GBPNZD - Sun March 17This is a much longer term outlook on GBPNZD. As you can see on a DAILY time frame, price has been respecting the channel but in the past few weeks has been trying to breakout to the downside.
Looking at things from a technical perspective, I see the downside pressure winning this tug of war and taking price to the 1.7500 region.
Although, when you factor in the current state of affairs surrounding the Pound and Brexit... anything could happen.
This is strictly my opinion and I am not qualified to give financial advice. Trade at your own risk.
Happy trading :)
~TraderTrev
GBPNZD LONGThe notes to this trade are on the screen
** There was no divergence in this trade set up. **
