GBPNZD I AM GOING TO SELL CURRENT MARKET AT 1.74366. STOP LOSS- 1.75700
IF MY STOP LOSS HIT I AM WAITING FOR RETRACE AND BUY FROM NEW SUPPORT ARIA..
Gbpnzd4hr
2618 at market on GBPNZDHey guys,
today i want to share a setup which is available at market right now. In this situation price si coming back to retest a daily structure zone (blue rectangle) after a double top formation that's been broken to the downside, as a confirmation signal of the direction it's headed.
You can short the market now according to the 2618 technique, with stops above the highest highs, target1 at the retest of the lows and target2 at the 1,70 even handle number.
Let's see how it goes.
If you have any question, feel free to write below.
Otherwise, see you in the next chart!
GBPNZD - Uptrend Broken - Waiting for Pullback to ShortThe daily uptrend of GBPNZD just broken. I am waiting for pullback to short.
Gbp will Move up Soon waiting to break the trend line near the higher low at 1.715 First R1.7384 2R 1.772
GBP/NZD, 240 CHART, H4 CHART, LONGFinally, GBP/NZD pair breaks the resistance zone strongly.
In H4 Chart, there is a corrective pullback sit well on the previsous resistance zone.
It will be a great trade to long when there is a strong bullish bar appears as a signal to entry :)
It will be a less risk with huge potential return trade :)
GBPNZD is going down We have two scenarios
But first the market must go to 1.75758
If 1.75267 was broken the market will go to 1.72648
If 1.75267 stayed strong the market will move to 1.78419 and it will move back to 1.72648
This is a new way in Elliott waves counting by time cycles more logical more Easier and more faster
You will see my results :D
Perfect support created now its buy turnthis pair is created strong support now it will try to test resistance.
GBPNZD long setup, Impulse & corrective wavesPlease always trade according to your own strategy. Thanks
GBPNZD CYPHER PATTERNPRICE TOUCHED THE 1.76114 LOW FOR A SECOND TIME. I AM ACTUALLY IN THIS TRADE.
EXPECTING FOR PRICE TO START GOING UP AGAIN. GOV WHEELER HAS SOME IMPORTANT SPEECH THIS NIGHT.
RSI IS COMPLETELY OVERSOLD.
GBPNZD long-entry for 1-2 week tradeLooking for a long-entry off the lower trendline. Keep in mind the pound is in a delicate situation and there is a good change the lower trendline will break and we will head to newer lows. Keep a sensible stop loss and hold the position long-term.
it's a long position on GBP NZD Its the third time at the same level market rebound and the triangle more explored to us after breaking the down trend and testing it again we are sure market will go up to 1.8041 this level our first target and under the new low is our SL .
Good luck ..
GBPNZD POTENTIAL RESISTANCEIf the pair pulls back to either the 2.14 area there could be a potential opportunity for a short.
Reasons to short -
Trend is bearish
Returning to a major SR level (blue line)
The previous time it was at this level there was a strong sell off, and it is the first time it could return to this area (yellow box)
A confluence of fibonacci levels from previous highs (inside the yellow box)
Good risk to reward ratio
However, keep on eye on the light pink area as this could also prove to be a resistance area. It is already pushing against the area and finding it hard to break through.
GBPNZD Bullish Butterfly Countertrend OpportunityPotential Reversal Zone at 2.1236 with potential targets at 2.1640 and 2.1885. For the brave souls that choose to take this trade, stops should be below the 2.1075 level.
GBPNZD 4 HOUR SHORTbasic textbook setup. price has retraced into a key resistance level which also has 2 fibs lined up with it aswell (38.2% and 61.8%). double top has now formed and price has bounce off the Resistance forming a pin bar/inverted hammer. Target at the neckline of double top.
GBPNZD 4 Hour: Two Gartleys (Long and Short) and a Butterfly(See the edit to Gartley #1 in the comment below)
Looking at the 4 hour chart there are two potential Gartley patterns setting up:
Gartley Buy Pattern (purple):
Buy @ 1.9870
Sell @ 1.9770 (SL) (Note the typo in the above chart)
Sell @ 2.0084 (TP)
Risk: 100 Pips
Reward: 210 Pips
After the Gartley Buy, we also see a potential Gartley Sell with the CD leg forming where the Gartley Buy completed assuming it wasn't invalidated by D exceeding X:
Sell @ 2.0114
Buy @ 2.0184 (SL)
Buy @ 1.9932 (TP)
Risk: 70 Pips
Reward: 182 Pips
If our potential Gartley Buy is invalidated by D exceeding X, watch for a potential butterfly if we get a reversal on the 1.217 retracement of XA:
Buy @ 1.9711
Sell @ 1.9690 (SL)
Sell @ 2.0084 (TP)
Risk: 21 Pips
Reward: 373 Pips
