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Gbpnzdanalysis

GBP/NZD: Exhausted market, a potential reverse!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the GBP/NZD , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies. Weekly timeframe: Daily timeframe: 4 hours timeframe: The market has been consolidating for a while and it has currently reached an important solid resistance level that rejected the price many times during the past years. The last strong bullish impulse started changing its degree, forming an interesting rising wedge pattern, usually is a sign of exhaustion and decreasing of momentum. A possibility of a correction to the downside is quite hight considering the general condition of this pair. When, where and why would I step into the market? Overall the market has still a bearish perspective, considering that the consolidation area is between the last LH and LL. The trend is not changed yet, so before planning my short position on this trade I will be waiting for a breakout of the rising wedge, some consolidation to confirm the breakout and good supply to protect my trade. Only when these conditions will be respected, I will be looking for a good entry point with a RRR of 1:2 or greater.
I’ll update the idea with the suggested SL and TP ! If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
Short
by UnknownUnicorn18552923
37
GBPNZD Bounce from Monthly HighsWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** GBPNZD is strongly bullish, however, it's approaching previous monthly highs from July and August 2021. Massive selling pressure appeared from the level taking the price from 2.0000 zone to support at 9813. We expect a bounce from the previous monthly highs to first target of previous key support at 9820 area, and second target 9700 zone. If you use our popular B-Swing Strategy, simply follow the entry criteria rules and use strategic risk management. Pip pip HOORAYYYY! :) Keep this pair on your watchlist and enter when the entry criteria of your strategy is met. COMMENT, LIKE, AND FOLLOW for more! Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
4
GBPNZD Inverted ShampooGPNZD formed an inverted H&S, I already entered before making this analysis, but hopefully there will be another entry opportunity, because the stochastic momentum is already above 80, maybe the momentum can still go down a little and then continue to rise. This analysis is also supported by the fundamental strength of GBP itself which has raised interest rates, so I think this is a good opportunity. I use the ichimoku indicator too, but on this occasion I hide it so that the chart looks neat.
Long
by PictoPip
1
There is a divergence at the resistance zone with GBPNZDH2 time frame. Structure: The current uptrend and price are showing divergence at the 1.97000 resistance zone. Here, a head and shoulders reversal pattern can form. Wait for the reversal candle signal at the right shoulder to appear, then you can find selling opportunities. The profit target is the price zone 1.93000 and 1.90000. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx
1
GBP/NZD 4HR CHART SELL SET UPHi TRADERS this is my trade set up for the GBP/NZD for the new week ahead GBP/NZD I see the new strain of covid has hit the UK and I feel NEW ZEALAND have corona virus under control, and the GBP has had a good run against the NZD, I feel like that run has started to come too a end now i am expecting a pullback to the order block zone and will be looking for a sell trade look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
Short
by Costy13
2
GbpnzdLooking for 340+ pips 💲💲 This is the chart of gbpnzd Reasons for take this trade 1 - it's gave channel pattern breakout 2 - it's completed ABC pattern 3 - fib retracement(very important) 4 - if we see long term chart then we easily can see first there was impulse then retest and now continuing impulse 5 - history repeating 6- index showing weakness Here are the reason to take this trade I hope I am succeed to give value and learning We will get better together with time 🥰🥰🥰 That's was my analysis Thank you 💟
Long
by forex_academy07
5