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Gbpnzdanalysis

GBP/NZD Breaking OutThis now looks to be breaking above resistance. I said this was happening a couple of days ago but I jumped the gun slightly, hopefully if you opened the trade then you are still in. Now want to see this stabilise above resistance and possibly retrace to test it as support. If you are not in this trade then I suggest waiting for a retrace to support before longing. Could see some resistance at 1.93237, but target is 1.98013 Providing we see this close above resistance and support holding on a retrace then SL can be around 1.90600
Long
by olly48
1
GBPNZD, daily tf, 10-months descending trendline breakoutHello my friends, Another pair to trade for today is GBPNZD. You can see price finally broken above the 10-months descending trend line which has acted as resistance. This could become the beginning for GBPNZD to begin it's journey to the upside. On the way up, i will look to add more position as price making a continuation pattern. Buy GBPNZD 1.9050 Stop loss 1.8850 Take profit 2.0270 (6.1R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1
GBP/NZD Should See a RetraceAfter yesterdays Bank of England announcements all GBP pairs have spiked upwards. I would expect a retrace on this soon before generally continuing upwards. I am bullish on GBP in the long term but there should be some short term shorting opportunities coming. This is also at a big monthly and daily resistance level which should make a drop more likely, and at the moment risk off currencies are very strong (NZD, AUD, CAD). Im looking for a TP at 0.5 Fibonacci, although you can also target 0.618 which would complete the neckline of structure (as highlighted in green) TP - 1.90205 SL - 1.92050
Short
by olly48
2
GBPNZD-- Lets Going Buy __ Don't Miss ThisDisclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
Long
by Rapid-Trading-LTD
2
GBPNZD short trade ideaPlan : wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
3