Gbpnzdbuy
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!)
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Have a great week everyone!
ALAN
Entering LONG on >>GBP/NZD<< | What am I looking for?Good morning, traders!
I have just opened a new position on GBPNZD , so here is my analysis.
Take a look at the video and let me know, if you like this idea as well. :-)
Have a nice day.
John
FINEIGHT Team
GBPNZD LONG OPPORTUNITY! 2 Reward ratio. Hoping for the 8 & 21 EMA to cross on all time frames beginning from 15M to the 4H to confirm this bullish push. Just my ideas and perspectives of the market, No signals :)
GBPNZD D#GBPNZD possible long movenment for the pair as it hits a support for bullish movements, the daily candle closed in perfect marubozu on the support line indicating a bullish engulfing
GBPNZDWe see push to the upside after creating a support with multiple rejections
Now we look for a retrace on the 1Hr for the broken resistance to keep moving upward
What to watch for...
Next HL for entry to go long
GBPNZD Next Week Trade setup Guys see my last anlysis of gbpnzd it reaches at its target and now it will retrace back on buy around 200 pips
GBPNZD POTENTIAL BUYStrong bullish candle, expecting a break of the trendline.
If the trendline breaks, I will be looking for buys.
Anticipate after the break, price to retrace.
Could be at the 38.2 or go deeper, 50-61.8.
My anticipated entries, I've made in yellow.
UPDATE: 465+PIPS IN PROFIT FROM ENTRY ON GBPNZDWe are currently more than 465+ pips in profit on this position from our entry. i have attached the initial analysis below.
Analysis for this trade was pretty simple and straight forward. Entry was marked using Fibonacci retracment at 50% of the previous bearish move.
I want to point out some other factors that are key to your success as a trader,
1. Keep your analysis plain and simple, you will not find consistency by trying to use a lot of tools, you will only contradict yourself
2. Always calculate your risk on a trade and use a stop loss, you will not lose sleep knowing you could lose 2% on a trade but you sure will lose sleep not knowing how much you're going to lose on a trade
3. Learn, understand and apply the concept of risk to reward ratios. And always trade with a healthy risk to reward ratio
4. Trust your trade and whole heatedly accept the fact that every single trade you take has potential to be loser and hit your SL
These factors are a few of many but you have to start somewhere. start applying them if you want to see a change.
GBPNZD 15, fairytale or ugly duckling?I have been developing my system since I learnt to trade in 2016. I'm finally confident enough to trade with real money. this is my first non-paper trade on this system. godspeed
we received a buy signal and started to build a case for entry:
stochastic was gaining momentum and wasn't overbought/sold.
we cleared minor resistance and it became support.
Price action: we had a healthy bullish engulfing candle to confirm the buy signal
stop-loss set at previous swing low, take profit set at 1:1,2
GBPNZD LONGAs you can see, price has created a channel on the 4H timeframe within a daily/weekly rising wedge.
AWAIT BREAKOUT of the channel then a retests followed by an bullish engulfing candle to go long - I expect this to re-test the top of the rising wedge which would test the last high + corresponds with the 0.5 weekly fib region.
Get LONG on GBPNZD - good BUY opportunityI've just gone LONG GBP/NZD. Price has returned to WS1 and found support and looks primed for a move north. I'm in at 2.0418 with a STOP under the swing low at 2.0354 which is under WS1. Looks a good thing this with my Disciplindicator confirming with 2 stars.
