GBPNZD
GBPNZD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective of GBPNZD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. If price makes a retracement and fills the imbalance lower I will look to open a long position from bullish order block + institutional big figure 1.94000.
‼️Attention!!! Due to the fact that we have news events on GBP & NZD on Tuesday and Wednesday, the analysis can be invalidated.
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✅GBP_NZD BEARISH SETUP|SHORT🔥
✅GBP_NZD is approaching a supply level
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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GBPNZD - LongEmbark on this potential opportunity by entering a trade on a bullish flag pattern, following the confirmation of a breakthrough to the upside. Implement wise risk management techniques by limiting your investment to no more than 1% of your account equity, while setting your take profit target based on the chart analysis.
GBPNZD - Bat Pattern OpportunityIf GBPNZD goes up from here it will likely trigger my bearish bat pattern limit order (see previous idea). However, if it falls from here it will trigger my bullish bat pattern limit order.
My back testing shows that these patterns are highly profitable on this pair. I enter with a limit order at the 88.6 retracement and take TP1 at the 38.2 retracement and TP2 at the 61.8 retracement.
If price moves against me I trail my take profit levels accordingly.
GBPNZD to stall at current high?GBPNZD - 24h expiry - We look to Sell at 1.9450 (stop at 1.9510)
Previous support located at 1.9250.
Previous resistance located at 1.9400.
The trend of higher intraday lows has also been broken.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.9300 will confirm the bearish momentum.
Our profit targets will be 1.9310 and 1.9280
Resistance: 1.9400 / 1.9450 / 1.9500
Support: 1.9250 / 1.9150 / 1.9100
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GBPNZD - Bat Pattern Forming SOON!Bat patterns on GBPNZD are very profitable on the 4H timeframe.
- Entry: 1.96189
- Stop Loss: 1.97407
- TP1: 1.94499
- TP2: 1.93456
I have set a limit order at my entry price. If price moves against me I will trail my take profit levels in accordance with the 38.2 and 61.8 retracement levels from the low of the pattern to the current price level.
If the pattern is invalidated before hitting my entry limit order, I will delete the order.
GBPNZD - I've got a trade idea for you!GBPNZD - I've got a trade idea for you!
As we await for Powell! I found a this great trade idea, it's a break to either direction...Now remember, we could get false break out!
Highs: 1.94570
Lows: 1.93620
Pattern: Triangle
A break to either direction, break of 200 EMA area takes you to 0.382 & 0.236Fib areas. However, if we break above the trendline down, I expect target areas 1.95 half areas and perhaps even 1.96 half area matching the 1.618 area!
Have a great day ahead,
Trade Journal
GBPNZD:Breakout and Potential retraceHey Traders, GBPNZD was trading in an uptrend and then managed to break it massively due to NZD strength. if we take a look at the stock market we will notice some bullish bias, and stocks do correlate with NZD and AUD positively. now GBPNZD is in a correction phase after the breakout so i will be watching a potential retrace around 1.945 support and resistance zone.
GBPNZD, H1 | Bearish reversal setupWe're seeing price test a major resistance level at 1.9303 which is an overlap resistance along with a 23.6% Fibonacci retracement. It's worth noting that price is also in the middle of a strong bearish Ichimoku cloud suggesting further bearish momentum.
A reversal from here could see prices drop to major support at 1.9174 which is a recent swing low support.
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✅TS ❕ GBPNZD: returned in the range✅✅ GBP NZD has sharply corrected after growth.
The chart returned to the range.
I expect the continuation of the decline. ✅
🚀 SELL scenario: short to 1.915. 🚀
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GBPNZD, H4 | Bearish reversal?We're seeing price test a 1.9279 resistance level which is an overlap resistance along with a 23.6% Fibonacci retracement. A reversal from here could see prices drop all the way down to major support at 1.9011 which is a swing low support + 78.6% Fibonacci retracement.
However, it's worth noting there's a key support level at 1.9168 which is an overlap support that lines up with the 61.8% Fibonacci retracement. This level needs to be broken to potentially trigger the bigger move down to 1.9011.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.