Gbp-nzd
GBP/NZD SELL 3H CHART Here MACD has overlapped, and Parabolic SAR has suggested a new trend also support been broken so GBP/NZD will go down so,therefore, sell now
GBPNZD Possible Sell SetupGBPNZD Possible Sell Setup
Waiting for a close below the support zone.
Details on the chart.
Happy Trading!
GBP/NZD: Conditional buy order (34 pips) check it out!Hey guys,
I hope you had a wonderful weekend!
Back this Monday with a new idea: GBP/NZD. Please check the trading plan and leave a comment and/or a like.
Do not hesitate to check my previous ideas!
Have a good day.
Trade with care.
Long term Rectangle on 1W. Sell on short term.GBPNZD is trading within a 1W Rectangle (RSI = 50.962, CCI = 5.9779, Highs/Lows = 0). As seen on the chart, even if it makes a run towards 1.96245, there are more bias towards the 1.89307 profit taking line. Our short's TP = 1.89600.
GBP NZD potential SHort Market has reversed from a nice resistance level and made a cypher pattern
now we can enter in this trade with risk reward of 1:1
GBPNZD Bullish BatBullish Bat Formation on Higher TF.
Looking to go Long upon completion of this Bat pattern.
Bat Pattern = 50.0 B Point
XA: 50.0 Fib (B)
AB: 38.2 - 88.6 Fib (C)
XA: 88.6 (D)
ABA:161.8
88.6 Fib completion confluence with 1.775 Quarter Point.
SL & TP Given on the chart.
Goodluck
GBPNZD IS A BIG SELLGBPNZD is a BIG sell due to news on the MPC Official Bank Rate Votes, Monetary Policy Summary, and Official Bank Rate today at 7AM EST.
Price and Lagging Line will soon pass beneath the cloud.
TP1: 1.9100
TP2: <1.9100
GBP/NZD short opportunity Technical Analysis: Bias Bearish
- The pair remains capped below 200-DMA, recovery failed to break above
- Momentum indicators bearish
- RSI below 50 levels, biased lower
- MACD well below zero levels and -ve DMI dominance
Fundamental Factors:
Sterling stumbles on lower inflation. UK inflation came out at 2.4%, below 2.5% that had been expected.
GBP undermined by speculation about a tougher Brexit coming after Tuesday's outcome of the Commons' vote over the Brexit bill.
Support levels - 1.8883 (38.2% Fib), 1.8785 (Nov 9 low), 1.8615 (Jan 12 low)
Resistance levels - 1.90, 1.9043 (5-DMA), 1.9095 (200-DMA)
Good to go short around 1.8950/60, SL: 0.91, TP: 1.8885/ 1.8785/ 1.8615
Short GBP/NZDAnother nice set up , Again DYOR and don't use money you cant afford to lose. Open a demo account and blow it all on this one trade.
GBPNZD Neutral Bias SetupsGBPNZD 0.08% Price tried to break out of the bearish major TL but failed, looking for another 4 hour close below the TL & 61.8% fib ideally with a bearish engulfing or bearish spinning top to go short.
To go long I need a 4 hour break of this candle with continued bullish momentum or a clean retest and rejection of the broken downward TL sending it back up to re-test the weekly PRZ and possibly 38.2% fib at 1.93200 level with the double bottom formation
Where GBPNZD may find support.GBPNZD may find support around 1.80 as well as 1.90. I will be looking for bull candles on the daily time frame. If I get a bull candle, then I will move to the 1H and place buy limit orders at previous market levels.
Where I plan on shorting GBPNZDIf price moves up to 2.03 area, then I will be looking for bear candles on the daily time frame. If I get bear candles, then I will move to the 1H and place sell limit orders at previous market levels.
GBP / NZD - Sell into resistance - SHORT The GBP has shown a little strength (and I mean a little), more sideways movement, but this could get us back up into an area of resistance I've marked on the chart, then we'll sell that down to the final target of the attached much bigger Head and Shoulders move that I'm still in since May 16 from the top of the Right shoulder.
GBP/NZD 4H Chart: Long-term trend-line breachedThe four-hour chart reveals that the Sterling has been trading sideways against the New Zealand Dollar since mid-October, 2017. This movement has been constrained in a flat descending channel. The Pound was moving along a long-term trend-line since the beginning of 2018 prior to breaching the given line this week.
From theoretical point of view, this breakout should point to a medium-term decline. The fact that the Pound breached the 55-, 100– and 200-period SMAs likewise adds some ground to this bearish scenario. The rate was testing the weekly S2 at 1.9227 mid-Friday.
It is likely that some short-term correction up to 1.96 occurs early next week. However, bears should eventually take the dominant hand and push the rate lower, setting the bottom channel line and the 23.60% Fibonacci retracement at 1.86 as a possible target during the following months.
GBP-NZDEven though I rarely trade the British Pound (in pair with the New Zealand Dollar then..), on GBP-NZD there is, however, a possible bearish signal if the currency pair will close below the dotted line with the target in area 1.9130/1.9085. Stop loss at 1.9480.
