GBPNZD
Potential bearish dropGBP/NZD is rising towards the resistance level which is a pullback resistance that aligns with the 161.8% Fibonacci extension and could reverse from this level to our take profit
Entry: 2.11475
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.
Stop loss: 2.12520
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension
Take profit: 2.10327
Why we like it:
There is a pullback support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GbpNzd likely more downsideHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Could be looking at some pullback and rejection and looking to short GbpNzd, let's monitor it along the week.
Do check out my stream video for the week to have more explanation in place.
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GOOD LEVEL FOR LONG we expect the price gone down with correction to reach our setup
the accumulation setup following the trend
as shown on the chart the level is very important for long just
follow my instructions for mange the trade
price move 20 pips in profit breakeven
price hit the sl 40 pips than reversal setup
target is 100 pips
GBPNZD ShortMARKET PHASE
OANDA:GBPNZD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price then started it's initial move down and actually sustained selling pressure for some time. Due to the velocity of the downward move, priced gapped around 2.09800. During this morning, price hit 2.09800, and began selling off, supporting our thesis. Our sell limit order was filled and we are now in a short with the following parameters:
TRADE
Sell Limit: 2.09800
Stop Loss: 2.10100
Take Profit: 2.09200
GBPNZD - 4hrs ( Sell After Retest 2.1000 Area / TP 200 PIP ) Pair Name : GBP/NZD
1 DAY RELATIVE PERFORMANCE
GBP 0.06% / NZD 0.54%
Time Frame : 4hrs
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🔗 Key Technical / Direction ( Short After Retest )
Type : Mid Term Swing
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💲Why We Enter'd This Trade
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We've got an internal channel that's been busted at 2.1000.
That's why.
We have a line of direction broken at 2.1000, too.
And if you look at the left side, we'll find that the 2.1000 area is a high liquidity area that's also broken.
And at 2.1000: 2.15000 is 0.618:0.50 Fibo, which is also the area of change of character.
And so the best price for entry is at 2.0950 :2.10000 to ensure that the deal is activated.
And our target will be 2.0800, which is the area of exchange of roles and range of FIBO 1.618% and also the area of change of character.
GBPNZD I Correction almost completed and more potential growthWelcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURNZD Sell Signal Late entryHi Traders here is a quick analysis on EURNZD Trade using the third touch strategy,
We all know how powerful third touches are in forex trading, here is a third touch strategy for eurnzd and Gbpnzd as well, that i strongly believe would drop.
Not a financial advice! Trade with what you can afford to lose
GBPNZD Dip buy opportunity on the 1D MA50.The GBPNZD pair gave us a strong buy signal last time we called on it (January 05 2024, see chart below) and even broke above the former Channel Down pattern:
The trend transitioned into an Inverse Head and Shoulders (IH&S) and recently broke above its top. It has formed the first 1D Golden Cross in 1 year (since March 27 2023), so on the long-term we have confirmed a new bullish trend.
Right now we are looking for a short pull-back towards the 1D MA50 (blue trend-line) followed by an aggressive expansion towards the 2.0 Fibonacci extension, which is the typical target of the IH&S. Our target is lower on Resistance 1 at 2.15900.
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Could GBPNZD reverse from here?The price is rising towards an overlapping resistance level, which aligns with the 50% Fibonacci retracement, and could reverse from this level to our take-profit target.
Entry: 2.10588
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement
Stop loss: 2.11738
Why we like it:
There is a pullback resistance level
Take profit: 2.09467
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPNZD Will Move Higher! Buy!
Here is our detailed technical review for GBPNZD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.098.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.104 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
GBPNZD What Next? BUY!
My dear subscribers,
My technical analysis for GBPNZD is below:
The price is coiling around a solid key level - 2.0978
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2.1050
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Potential bullish bouncePrice is falling towards an overlap support level that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit
Entry: 2.09335
Why we like it:
There is an overlap support level which aligns with the 50% Fibonacci retracement
Stop loss: 2.08842
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement
Take profit: 2.10611
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBP-NZD Will Grow! Buy!
Hello,Traders!
GBP-NZD went down
Towards the horizontal
Support level of 2.090
But the pair is trading
In an uptrend so after the
Potential retest of the
Key level we will be
Expecting a further
Move up
Buy!
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GBPNZD: Bullish Forecast & Bullish Scenario
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPNZD pair which is likely to be pushed up by the bulls so we will buy!
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Sell GBPNZD Triangle Breakout The GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the triangle, ideally around 2.1100. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the following levels:
2.1011: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected downwards from the breakout point.
2.0970: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. These targets act as potential support zones that could see selling pressure.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line (depending on the triangle type) of the triangle, ideally around 2.1150. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you