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GBPNZD

GBPNZD - Looking For Buy Setups ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last GBPNZD, we were looking for sell setups around the 2.16 resistance. GBPNZD is trading lower and it is approaching the lower orange trendline. Moreover, the zone 2.1 is a strong support. 🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower orange trendline acting as a non-horizontal support. As per my trading style: As GBPNZD approaches the lower orange circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
GBPNZD - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPNZD has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline. Moreover, the zone 2.16 is a strong resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline acting as a non-horizontal resistance. As per my trading style: As GBPNZD approaches the orange circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
10
What Next 2.10 Looks Crucial?This currency pair has caught my attention due to its recent breakthrough of the 2.10 resistance zone last week, propelling it upwards to around 2.13. But what lies ahead? Initially, it's worth noting that on the lower timeframe charts, we're witnessing a significant overbought condition. This hints at an impending retracement. In fact, signs are already emerging that a downward move towards the 2.10 resistance-turned-support level could be in the works. I've taken the initiative to initiate a short position based on this outlook.(see image below) While the potential for a more substantial correction can't be dismissed, I'm particularly keen to observe how price behaves at the crucial 2.10 level. This resembles a situation we encountered at 2.05 earlier, where after an initial breakout towards 2.10 (for a detailed breakdown, refer to my previous post from about a month ago), a subsequent retracement occurred, finding firm support at 2.05.(see image below) Should we begin to notice the establishment of a support structure on the lower timeframes (4-hour and 1-hour) in the vicinity of 2.10, akin to what transpired around 2.05, it sets the stage for a potential new bullish leg, targeting the 2.175 region that marked the high during the rapid rally of 2020. For a more pronounced correction to materialize, my criteria involve a decisive momentum break beneath the 2.10 level, followed by a weekly close below this threshold. Should these conditions be met, my sights are set on 2.05 or potentially lower. Currently, a short-term SELL trade has been triggered at 2.125. My initial target stands at 2.10, with a pivotal breakeven point at 2.116. At this juncture, I'll close 50% of the position and adjust the stop loss to match the entry price. The trajectory of a deeper correction or the potential onset of the next bullish phase hinges on how price responds in the vicinity of 2.10. Hope you enjoyed the read
Short
by TheFxAce
25
GBPNZD - Expect retracement ✅Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. Firstly I expect price to make a retracement in order to fill imbalances and only after that to reject from bullish order block + institutional big figure 2.10000. Fundamental analysis: Upcoming week on Wednesday will be released Cash Rate on NZD, also yearly CPI on GBP. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPNZD I Strong rise and safer to trade with the trendWelcome 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. 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!
Long
by BKTradingAcademy
20
EURNZD I It will fall from the resistance zoneWelcome 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!
Short
by BKTradingAcademy
19
GBPNZD Sell Trade: High Probability, 1:6 Risk-Reward Adventure!"Introduction: Hello fellow traders! Today, we are back with an exciting long-term trade opportunity: Sell GBPNZD : 2.09450 Take Profit : 1.99403 Stop Loss : 2.11150. We will exit the trade if the Bank of England (BoE) maintains a hawkish rhetoric without softening. In this article, we will delve into the technical analysis and fundamental factors supporting this trade, all while keeping in mind the timeless wisdom of forex proverbs that guide us towards high probability trades. Technical Analysis: The decision to enter a sell trade at 2.09450 is driven by a compelling technical setup. The price level has consistently shown strong resistance, experiencing multiple rejections. Moreover, when applying Fibonacci Retracement levels from 1.89374 to 2.09450, we anticipate a 50% retracement downward. This enticing setup offers a remarkable 1:6 Risk Reward ratio, enhancing the trade's potential for substantial profit. "The trend is your friend." This age-old saying reminds us to align ourselves with prevailing market trends. As I have already mentioned that the GBP weakens in August 2023, the technical setup for the GBPNZD sell trade complements the broader downtrend, increasing our chances of success. Fundamental Analysis: The prevailing market sentiment suggests the BoE is likely to raise interest rates by 0.25% while signaling an end to their tightening policy. As a result, bearish traders are gearing up to capitalize on this expected scenario. "Trade what you see, not what you think." While expectations may be clear, as traders, we must be adaptable. If the BoE surprises with a more aggressive 0.50% rate hike or maintains their hawkish stance, the British pound could experience a significant surge. Staying open-minded and ready to adjust our strategy ensures we are prepared for all possible outcomes. Economists are raising concerns over downside risks for the British pound. The market may have overestimated the BoE's hawkishness over the past three months, and the UK economy's stagnation presents challenges in a G10 context. "Cut your losses short and let your profits run." As we venture into this trade, we must adhere to this timeless wisdom. If the trade doesn't unfold as expected, we should be ready to exit with minimal losses. Conversely, if conditions align with our analysis, we should let the profits run, maximizing our gains. Conclusion: The GBPNZD sell trade presents an enticing opportunity with its high probability setup and favorable Risk Reward ratio. However, it's essential to stay vigilant and agile, considering both technical and fundamental factors that may influence the trade's outcome. As traders, let us heed the wisdom of forex proverbs, guiding us towards successful and rewarding journeys in the dynamic world of forex trading. Happy trading!
Short
by AhsanTufail
8
GBPNZD - Is The GBP Strength Coming To An End?Analysis: Bullish Confluences In an upwards trend Retest of a key level 50% fib retracement touch Upwards trendline touch GBP is the 2nd strongest major currency whereas the NZD is the 5th strongest major currency 25K short position decrease for the GBP Bearish Confluences 30K long position decrease for the GBP 3K short position decrease for the NZD Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
4
GBPNZD: Bullish Breakout? Key News Impacts!Greetings Traders! GBPNZD is poised at a critical juncture, with NZD's "Employment Change" and "Unemployment Rate" news on the horizon. Awaiting the news' outcome could be strategic before we commit. If we see a negative impact, there could be a prime opportunity to go long. Yet, on the flip side, positive news may trigger a steep decline, threatening to hit stop-loss levels. Recent events favor the bulls - a rectangle break hints at an extension of the bull run, and the market momentum broadly resonates with bullish sentiments. However, let's remember that GBPNZD is currently experiencing heightened volatility. Therefore, I urge you to manage your risk, await the news, and then carefully consider entering this trade.
Long
by FX-TradingLions
1
gbpnzd h1 best level to buy/hold tp +300 pips🔸speculative buy/hold setup for GBPNZD bulls, currently pullback in progress. expecting bounce play off the key s/r zones below (details/see chart). 🔸we are trading in well defined range since july. range lows near 0575 and range highs set at 0800. premium prices below and above lows/highs. 🔸Recommended strategy bulls: seek to buy/hold near 0525 using tight SL, high probability of a strong bounce near 0525. TP1 +150 pips TP2 +300 pips. good luck traders. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Long
by ProjectSyndicate
44
GBPNZD: Supported on the 1D MA50. Trade these levels.GBPNZD has turned sideways basically for a whole month (since June 28th) as it is restrained under R1 (2.092225) while being supported by the 1D MA50. This has turned the 1D timeframe neutral (RSI = 53.387, MACD = 0.005, ADX = 22.546), which is an expected technical outcome. We will trade this setup on a breakout basis. A crossing over R1 is a buy signal targeting an aproximate +4.95% rise (TP = 2.15000). A crossing under the 1D MA100 and naturally the HL of the Rising Megaphone, is a sell signal targeting S1 and the 1D MA200 (TP = 1.98500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
2
GBP/NZD H1 BULLISH SETUP WITH A POIWe have a bullish setup on this pair with the price at 2.07. Currently, the price has started to rise following the release of Australian Bank's interest data. If the level of 2.0750 is breached, it would confirm this setup, which anticipates an entry at 2.0670, where we have a point of interest. Remember that the entry will be considered valid only if there is a re-test with the candle closing on the H1 timeframe above the Point of Control (POC). Otherwise, the position will be closed immediately. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy