GBPNZD Analysis🏃♂️ GBPNZD is moving in a Descending Channel and broke the Uptrend line and 🟢 Support zone(2.077 NZD-2.073 NZD) 🟢.
🔔 After completing the pullback , I expect GBPNZD to decline to at least the 🟢 Support zone(2.060 NZD-2.056 NZD) 🟢 and the lower line of the descending channel.
British Pound/New Zealand Dollar ( GBPNZD ), 1-hour time frame ⏰.
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Gbpnzdanalysis
DeGRAM | GBPNZD completion of the AB=CDGBPNZD completed the AB=CD pattern, which is essentially a complex pullback against the major trend.
The market rebounded from support and a 141.1% fibo extension level.
We expect a retest of the resistance level since the major trend is bullish.
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GBPNZD Trade IdeaThe GBPNZD has undergone a significant upward movement recently, demonstrating a pronounced bullish trend on the 4-hour chart characterized by higher highs and lows. The retracement observed presents a potential buying opportunity, with target levels set at previous daily swing points. It is crucial to underscore that this analysis is presented solely for educational purposes and should not be interpreted as financial advice.
gbpnzd sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
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GBPNZD - Opportunity for long position ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance and there is a confluence for a potential long if price rejects from bullish order block + institutional big figure 2.06000 + FIBO 0.5 level.
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GBPNZD is ready to go longWe are losing selling pressure at this liquidity level, which could lead to a potential rebound. This provides us with potential buying signals to explore new higher points, notably the level 2.07294.
Therefore, we are opening a long position to initiate a purchase and attempt to reach this new higher level.
GBPNZD H1 / FVG and OB take / looking for a SHORT TRADE ENTRY❗️Hello Traders!
This is my idea related to GBPNZD H1. I see that OB and FVG were already taken and I expect a retracement until the resistance level.
Consider this idea a good opportunity to execute a short trade. In case of confirmation of bearish sentiment, I will execute this trade.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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7 Dimension Analysis For GBPNZD Yearly: The market is entrenched in a multi-year downtrend. Despite yearly structure breakouts, rejections from the CIP level have been consistent, indicating strong resistance. The failure to breach upper yearly resistance suggests substantial selling pressure. A post-breakout bearish buildup implies a high likelihood of further downside in the coming years.
Monthly: A shift from a bullish to a bearish character is evident. Strong resistance rejections, particularly marked by a classic doji in August 2023 within a blue-box-highlighted area, indicate significant downward potential. The momentum flow in August 2023 adds conviction to the bearish scenario.
Weekly: While the weekly chart shows some sideways movement, the current positioning lacks clarity. Further examination is required for a comprehensive view of the market dynamics.
😇7 Dimension Analysis
Time Frame: Daily
Swing Structure: Bearish
Structure Behavior: Choch 50%
Swing Move: Impulsive
Inducement: Done; high is confirmed
Pull Back: 1
Internal Structure: Bearish
Ext OB: Unmitigated
Resistance: Found at the FVG area, with demand formed and three proper IFC rejections.
Time Frame Confluence: Daily
Pattern
Chart Patterns: A rounding triple top within a green rectangle indicates a bearish breakout, signaling the end of the corrective move.
Candle Patterns: Inside, with a Harami on Friday close.
Volume
Fixed range volume indicates a strong seller presence.
Significant bearish volume is observed at the green rectangle.
During the cycle, only one bearish candle had a significant impact on price.
Momentum RSI
Zone: Sideways
Range shift: Not clear but oscillating between sideways to bearish.
Divergence: A hidden bullish divergence suggests the potential for short-term bullish momentum.
Overbought sold rejections count: 1, with a bullish divergence.
Volatility Bollinger Bands
The middle band is below, indicating a bearish trend.
Expansion suggests a short-term sideways zone.
Just finished a walking on the band.
Strength According to ROC
Values: -0.37 GBP vs. 3.5 NZD, indicating NZD's strength.
Sentiment
High selling sentiment according to all the studies.
✔️Entry Time Frame: H1
✅Entry TF Structure: Bearish
☑️Current Move: Impulsive is starting.
✔Support Resistance Base: Extreme supply area.
☑️Candles Behavior: Rally-based drop, Momentum.
☑️Trend Line Marked: Waiting for breakout.
💡Decision: Ready for sell
🚀Entry: 2.046
✋Stop Loss: 2.0602
🎯Take Profit: 1.9750
2nd If Internal Structure change also Exit 3rd trendline breakout, Fomo
😊Risk to Reward Ratio: 1:5
🕛Expected Duration: 15 days
SUMMARY:
The analysis reveals a strongly bearish sentiment in the market. The yearly and monthly perspectives provide a broader context, while the daily analysis points to an imminent impulsive move. The entry strategy aligns with the overall bearish outlook, with a clear risk-to-reward ratio and an expected duration of 15 days.
GBPNZD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we have the same scenario as on GBPAUD, we are bearish, so I am looking for short. I see price to go a little bit higher to fill the imbalance and then to reject from bearish order block + institutional big figure 2.05000.
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'Slow December' is a Myth.In this video I break down just two positions that shaped up last week on EURCAD and GBPNZD, both sells with a minimum return of 10% on both positions. Why is there always an industry gimmick of 'don't trade in December' when people have not even tested the data. Go back to December 2022, 2021, 2020, you will find positions in the market. Keep your focus on the task at hand and not on 'myths'.
GBPNZD Long Term Buying Trading IdeaHello Traders
In This Chart GBPNZD HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes_ (GBPNZD market update)
🟢What is The Next Opportunity on CHFJPY 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
DeGRAM | GBPNZD in the consolidation zoneGBPNZD in the descending channel.
The market overall is consolidating, so we anticipate price movement between support and resistance.
We expect further consolidation until the new trend is confirmed by breaking out of the zone.
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DeGRAM | GBPNZD shorting opportunityGBPNZD broke and closed below the consolidation zone. The market created an opportunity to short.
The market has tested this level multiple times, and there is a high chance that level will act as a strong resistance.
We expect the price to make a pullback to resistance and 50% fibo retrenchment.
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GBPNZD Long Term Buying Trading IdeaHello Traders
In This Chart GBPNZD HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes_ (GBPNZD market update)
🟢What is The Next Opportunity on CHFJPY 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
GBPNZD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for a short position. I want price to make a retracement to take buy side liquidity and to fill the imbalance higher and then to reject from bearish order block.
Fundamental news: Next week on Friday will be released monthly GDP on GBP.
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GPNZD BUYHello, according to the analysis of the GBP NZD pair. There is a good opportunity to buy as the pair exits the side channel as shown in the analysis. It also broke the strong Double Bouton pattern. And breaking the resistance at the level of 2.05500. All of these factors confirm that the market is for purchase. Good luck to everyone.