Is there a last up swing coming??? GBPNZD Long Trade idea...Price had a good bull run. The retracement seems to lose some steam but I think there is still some momentum left for one leg up. Price probably won't make a new high but I put my TP on the highest pivot point just in case. We have a nice window of opportunity to open a long trade with price showing support close to the trend line.
Just be patient and see what happens...
Gbpnzdbuy
GBPNZD Symmetrical triangle"In the name of Allah, the Most Gracious, the Most Merciful"
GBPNZD Symmetrical triangle
This Trade is Only for Risk taker.
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan.
Potencial Compra +50 PIPS y Venta +170 PIPSObservamos un canal cuyo recorrido paralelo es de aproximadamente de 600 pips.
Nos encontramos una potencial COMPRA.
Entrada: 1.85067
TP ÚNICO: 1.85555V
Luego de ésto, mantener seguimiento a la acción de precio para poder aprovechar la posible VENTA.
Entrada: 1.85581
TP1: 1.84982 +50
TP2: 1.84448 +100
TP3: 1,83710 +170
GBP/NZD Long to 1.90 or 1.8445 Comment Your ThoughtsAccording Mark McCormick, Global Head of FX Strategy at TD Securities, suggests to go long on GBP/NZD cross at current levels, targeting a move to 1.90 and a stop of 1.8445.
Key Quotes
“While all the G10 shows downside growth momentum, the USD, for its part, falls into the worst quadrant that shows dual deceleration. Even so, NZD takes top shop in terms of the overall worst ranking and GRMI doesn't help its ranking this week. We also expect a weak NZ CPI print that could catalyze NZD downside.”
“For GBP, while it has plenty of Brexit risks to manage, we note this week's event calendar offers smoother sailing. Furthermore, GBP checks a few boxes in the desirable (tactical) contrarian trade column, reflecting its weight in these baskets. It is also trading with a 2% discount to HFFV against the USD. When we calculate the cross NZD HFFV levels, GBPNZD is trading at a whopping 5.3% discount!”
GBPNZD - FOREX - 15. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Bearish price action and pressure.
4 HOUR
Break below previous lows and support zone of short/midterm long holders.
DAILY
Market structure at a strong support zone, expecting some bullish price action now!
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FOREX SETUP
BUY GBPNZD
ENTRY @ 1.87160
SL @ 1.86370 (80 Pips)
TP @ 1.88500 (135 Pips)
RR: 1.70
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN