gbpnzd buy setupDISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
Gbpnzdbuy
GBPNZD / BREAKOUT AND RETESTGBPNZD has broken through resistance, we are waiting for a retest of the area before buying towards the next resistance level
GBPNZD ANALYSISPRICE SHOWED A FAKEOUT THEN THE REAL PUSH OCCURED AND FORMED A DOUBLE BOTTOM. THE PRICE MAY GO BACK INTO CONSOLIDATION.
GBPNZD / BULLS IN THE HOUSEKeeping it simple and letting price dictate what it wants to do
Waiting for price to break resistance before first buy then doing the same with the second
There is divergence on multiple timeframes and price has broken a downward trend line (not drawn)
GBPNZD BUYThis was our markup from last week and the entry opportunity didnt come until Friday. This is just a reminder that trading is a marathon and not a sprint. We must be patient in order to reap consistent benefits.
GBPNZD BUY- Break and restest of descending trendline
- Forming new uptrend, with higher lows
- Nice wick rejection off the 0.382 FIB and 50MA
GBPNZD: Short term Bullish Idea can push it towards 1.98 - 2.0GBPNZD has reached to the bottom of the rising channel and is under bullish pressure from the divergence created between the price and MACD.
Fibo retracement of 50 & 61.8 coincides with the previous structural support now can be seen as resistance.
Price can bounce up to the zone of 1.98 - 2.00 and then turn bearish for the future continuation.
GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
GBPNZD - SWING - 08. JULY. 2020Welcome to our weekly trade setup ( GBPNZD )!
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1 HOUR
We turned very bullish.
4 HOUR
Overall bearish market about to turn..
DAILY
Expecting a push to the upside, good long entries!
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FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.91540
SL @ 1.90790
TP @ 1.92630
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPNZD - BUYOn this chart we can see a pull back that has occurred during this uptrend, a new level of support was found and price has come back to retest
We are already in this trade and I will be expecting price to bounce off this level and continue moving up
GBPNZD - BUYPrice is now in an uptrend, it has broken resitance but is currently retracing. Once a price is moving up again we will look for buys
GBPNZD - SWING - 24. JUNE. 2020Welcome to our weekly trade setup ( GBPNZD )!
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1 HOUR
Bullish price action and closure above main sr level.
4 HOUR
Overall market turning bullish right now, good long entries!
DAILY
Expecting another push to the upside.
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FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.93620
SL @ 1.92190
TP @ 1.95550
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPNZD LongOn the daily chart, the pair is at an important area of support. A strong indication of a reversal is imminent with a double bottom highly likely.
As such I anticipate a bounce off the trendline once the retest is complete to also form an inverse head & shoulders on the 4H chart.
This is a swing trade with a risk-reward ratio of 1:12.36.
So GBPNZD LONG:
SL: 1.93103
TP1: 1.97052
TP2: 2.01459
TP3: 2.05619
TP4: 2.09324
GBPNZD - SWING - 15. JUNE. 2020Welcome to our weekly trade setup ( GBPNZD )!
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1 HOUR
Bullish open and close above main sr.
4 HOUR
Bearish market need a pullback and retest of previous highs.
DAILY
Expecting a shortterm turn and bullish pressure.
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FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.94800
SL @ 1.93870
TP @ 1.96080
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
