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GBPNZD

Buy GBP/NZD Descending TriangleThe GBP/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Descending Triangle pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 2.1057, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2.1167 2nd Support – 2.1231 Stop-Loss: To manage risk, place a stop-loss order below 2.0973. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
16
GBPNZD continuation of decline likely … the week of 02 Sep, 2024The monthly, weekly and daily charts all say the same thing – “Sell” Pull backs are always nice, they add value in terms of pips, give us a better R/R and pull backs to a significant S/R zone are even better. In this chart I am looking for a pullback towards 2.1140 , that will also bring price closer to the 20 EMA. A good target can be the next significant level around 2.0600. Monitoring PA on the H4 and H1 is always a good idea. Evidence of bearish PA would justify taking a short trade. However, if a strong move to the up side forms, that would negate my analysis. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
GbpNzd more downside coming to at least 2.08Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
MarketBreakdown | EURUSD, EURJPY, GBPCAD, GBPNZD Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ EURUSD daily time frame 🇪🇺🇺🇸 EURUSD looks heavily overbought after a recent strong bullish rally. The price started a correctional movement and broke a solid rising trend line. I think that the pair will continue the correction to lower levels. 2️⃣ EURJPY daily time frame 🇪🇺🇯🇵 I see a classic bearish accumulation pattern - a descending triangle formation. Bearish breakout of the neckline of the pattern and a daily candle close below that will be an important event that will most likely trigger a strong bearish reaction. Alternatively, a bullish breakout of a trend line can be a strong bullish signal 3️⃣GBPCAD daily time frame 🇬🇧🇨🇦 The price formed an inverted cup & handle pattern after a test of a key daily horizontal resistance. A breakout of the neckline of the pattern signifies a highly probable continuation of a retracement from the underlined read area. 4️⃣ GBPNZD daily time frame 🇬🇧🇳🇿 I see a confirmed breakout of a neckline of a huge descending triangle formation. The broken structure and a falling trend line compose a contracting supply zone now. I will expect a bearish movement from that to lower structure levels. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
4
GBPNZD is in Selling Direction after testing TrendlineHello Traders In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes GBPNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBP/NZD Trade Setup: Short Position on Head and Shoulders Patter I've identified a head and shoulders pattern on the 12-hour and daily charts for GBP/NZD and have initiated a short position based on this classic reversal setup. I'm opening two trades for this setup: The first entry is at 2.11218, near the neckline of the head and shoulders pattern. The second entry is at 2.11487, triggered by a 12-hour close below the neckline, confirming the pattern. This dual-entry approach allows me to capitalize on both the initial break and the confirmed move, enhancing my overall position. I'll be monitoring the trade closely and will provide updates as it progresses.
Short
by CryptoHydro
GBPNZD Weekly Analysis and OutlookGBPNZD Weekly Analysis and Outlook This week, the GBPNZD pair appears to be gearing up for a continuation of its uptrend, following a brief downward correction on the hourly timeframe. This pullback seems to have provided the necessary consolidation, positioning the pair for a renewed upward movement. Current Market Overview : After experiencing a short-term downward trend, the GBPNZD pair found support at a key level, halting the decline and suggesting the potential for a reversal back into its broader uptrend. The correction allowed the pair to cool off from recent highs, and the current market conditions indicate a readiness to resume the upward trajectory. As the pair begins to recover, traders should watch for a break above near-term resistance levels, which would confirm the resumption of the uptrend. Expectations and Potential Scenarios: Given the recent stabilization, we expect the GBPNZD to continue its upward movement in the coming sessions. The pair's ability to maintain support during the pullback suggests that the overall bullish structure remains intact, providing a strong foundation for further gains. Primary Expectation: If the pair successfully breaks above the immediate resistance following this correction, it is likely to continue climbing towards higher resistance levels. This scenario would validate the uptrend and offer favorable conditions for long positions. Alternative Scenario: However, if the price struggles to break through the resistance and encounters renewed selling pressure, we may see another brief pullback. Traders should consider this possibility, as it could present additional opportunities to enter the market at more attractive levels before the uptrend resumes. Conclusion: In summary, the GBPNZD pair is poised to continue its upward trend after a short-term correction on the hourly timeframe. Traders should focus on the upcoming resistance levels as potential catalysts for renewed bullish momentum. By staying alert to both bullish and corrective scenarios, you can effectively navigate the market and adjust your strategies as needed. By Piptera Digital Solutions, Invest Wisely!
Long
by Piptera-Digital-Solutions
GBPNZD "the Quid" Bearish Money Heist plan to steal the bankMy Dear Robbers / Traders, This is our master plan to Heist GBPNZD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing High using 4h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Short
by Thief_Trader
1
GBPNZD Analysis: Unveiling Bullish Opportunities with Strategy Hello Traders, The chart above presents a straightforward and revealing analysis for the GBPNZD pair, showcasing two compelling signals of bullish market momentum. Firstly, we observe the distinctive Cup & Handle pattern. The price has successfully surpassed the 161.8% Fibonacci level, now targeting the 200% level, which aligns with the 261.8% extension at 2.2200. Secondly, within the context of an ascending channel, the price has traversed the midpoint, setting its sights on the same 2.2200 target. Considering these indicators, initiating a long position with a target at 2.2200 appears justifiable. At present, there's no evidence of a daily timeframe market reversal. Even in the event of a retracement (as depicted in the red rectangle), which might span two weeks and cover 500 pips, it should be regarded as an opportunity for accumulating more positions. While acknowledging the potential for corrections, it's crucial to approach trading with fragmentation of positions, exercising patience over impulsivity. An initial long position at 1% of capital is prudent, with the option to scale up by 1% for every 100-pip correction total 5%, ensuring careful risk management throughout. Best regards,
Long
by Eymen-GUVEN
2