GBPNZD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for a short position. I want price to make a retracement to take buy side liquidity and to fill the imbalance higher and then to reject from bearish order block.
Fundamental news: Next week on Friday will be released monthly GDP on GBP.
Like, comment and subscribe to be in touch with my content!
GBPNZD
The US dollar has fallen and has continued to decline since lastThe dollar fell slightly in early European trading on Monday, extending last week's losses to a six-week low after the Federal Reserve became less hawkish.
At 03:20 ET (8:20 p.m. Japan time), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, fell more than 1% last week, the biggest decline since the middle of last year. It fell 0.1% to 104.782. .
The dollar has fallen since last week's Federal Reserve policy meeting, when the central bank issued dovish signals about further interest rate hikes.
That trend was reinforced by Friday's official jobs report, which showed that U.S. nonfarm payrolls grew less than expected in October. This data suggests that the U.S. labor market is cooling. This was the main reason the Fed took a hawkish stance this year. Federal funds futures suggest there is about an 85% chance that the Fed will complete the rate hike cycle and an 80% chance that the rate hike cycle will begin in June.
At least nine Fed speakers are scheduled this week, including two appearances by Chairman Jerome Powell, with the second session on Thursday including a question-and-answer session.
EUR/USD rose 0.1% to 1.0743, pushing the euro up to levels last seen in September, driven by a weaker dollar rather than stronger regional economies. Which area?
German data factory orders rose 0.2% in September, stronger than the expected 1.0% decline, but still a significant decline from August's revised 1.9% increase.
Moreover, German housing construction suffered another wave of layoffs in October, according to a study published Monday by the Ifo Economic Research Institute. "The situation is getting worse as more projects fail due to rising interest rates and construction prices," said Klaus Wohlrabe, head of research at Ifo.
GBP/USD rose 0.1% to 1.2384, extending last week's strong gains ahead of the UK's fourth-quarter GDP figures due later this week.
.
GBPNZDIs GBPNZD exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 2.02 level
What you guys think of it?
GPNZD BUYHello, according to the analysis of the GBP NZD pair. There is a good opportunity to buy as the pair exits the side channel as shown in the analysis. It also broke the strong Double Bouton pattern. And breaking the resistance at the level of 2.05500. All of these factors confirm that the market is for purchase. Good luck to everyone.
GBPNZD - bullish setupGBPNZD - Elliott Wave Count
GBPNZD market has completed wave 4 correction and started wave 5 impulse with a target of 2.10000 and above. If the market breaks below the red line, the view is invalid.
Please exercise caution when trading as this information is for educational purposes only.
FX:GBPNZD OANDA:GBPNZD FOREXCOM:GBPNZD PEPPERSTONE:GBPNZD EIGHTCAP:GBPNZD SAXO:GBPNZD CAPITALCOM:GBPNZD FX_IDC:GBPNZD
#GBPNZD to continue the bull trend------------GBPNZD LONG------------
It looks like the correction of the larger up trend is over and course can continue its way to the upside. I went long on GBPNZD with a modest position size. If indices go lower in the near future then this idea is valid and can expect GBPNZD to skyrocket. We will see.
Please note this is not a financial advice, do your own analysis and research!
What you think Symmetrical Triangle ?Symmetrical Triangle continuation Pattern in 1 Hour Chart GBPNZD, its show that might they Break out from this point to Upward Direction, showing bullish Trend. Entry Price & TP1 & TP2 Set Accordingly Stop Loss is also set
For Plan B Entry price is also set for Short Trade might this go from this Point to down ward so we set trade accordingly & Entry Price & Stop Loss for Short Trade is also Defined with TP1 & TP2 as well.
Symmetrical Triangle continuation Pattern might take break out both side so we already make plan for the both side trades, once one side trade is active, so cancelled the other side, wait & watch
GBPNZD ShortOANDA:GBPNZD
The GBPNZD currency pair has recently reached a significant trend line that could signal a bearish trend toward specific levels. This development is noteworthy as it may have implications for investors and traders who are tracking the performance of this currency pair. The potential for a bearish trend suggests that there may be a shift in the market dynamics, which could warrant further attention and analysis. As such, it may be advisable for interested parties to monitor the situation closely and stay informed about any further developments that may arise.
GBPNZD : Short Trade , 4hHello traders, we want to check the GBPNZD chart. The price has broken the ascending channel to the bottom and then marked the key level and also pulled back the downtrend line. If this level can play the role of a resistance level and the price cannot break this level, we expect the price to maintain its downward trend and fall to around 2.03400. Good luck.
EURNZD I Local short Welcome back! Let me know your thoughts in the comments!
** EURNZD 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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
GBPNZD: Trading Signal From Our Team
GBPNZD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPNZD
Entry Point - 2.0655
Stop Loss - 2.0753
Take Profit - 2.0479
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GBP/NZD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GBP/NZD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.047 area.
✅LIKE AND COMMENT MY IDEAS✅
Gbp/Nzd Buy SetupWe are seeing in Daily timeframe price action is still in overall uptrend
==> Price in H4 and H1 is retesting the support area and also price is forming a double bottom
==> Price action is now retraced after breaking the neckline of the double bottom which give it a nice risk to reward setup for a continuation based on the range of the double bottom length
Follow me for more breakdown like this
GBPNZD: “618” Setup on “Limit” Buy Entry (34/100)System has identified a “618” Fibonacci retracement setup and executed a buy “limit” entry during the second hour of the LONDON 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in LONDON and only using certain pairs. The win rate and expectancy are unknown. Please do not take these trades.
GBPNZD: “Break & Retest” Setup on “IBM” Buy Stop Entry (33/100)System has identified a “B&R” setup and a sell stop on the break of the inside bar for an entry executed during the second hour of the LONDON 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in LONDON and only using all GBP pairs. The win rate and expectancy are unknown. Please do not take these trades.