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Gbpnzdbuy

GBPNZD Daily Breakout ConfirmedHi traders, We had a very long range on the GBPNZD daily chart and we recently broke it. The arrow that is pointing on the last candle is the re-test candle, testing the previously broken area successfully. I will open my trade on Monday and see where price will bring me :) On my first target, I will take out 50% of my profits EXCEPT price is showing strength. Target 2 is the last target as it is the same 'height' as the breakout area ... or distance, whatever you prefer to call it. Have a happy weekend!
Long
by FromForkToFingers
3
GBPNZD Bullish PotentialThe 4 hour time frame for GBPNZD shows a nice bounce back of the support level that created a new ascending trading range. possible targets are the next 2 resistance levels that could be hit within the next 3 days since its the 4 hour time frame. Now when you go to the daily and weekly time frame you will even see a possible target of at least 1.88 long term. next 2 weeks up to 3 months. So on the short AND long term GBPNZD will be a nice buy to hold or to add buys on the dips. I prefer starting with a small position and adding more every 80 pips it goes up while maintaining a 60 pip stop loss that moves up a long the trend up.
Long
by JoshFX1
2
What's next for the British Pound?On several British Pound Forex pair, an ascending trend line on the daily time frame is on play. With them approaching the bottom of the bottom, are they to bounce or are they to break? In GBPNZD, we can see the it is consolidating at the bottom of the ascending trend line (possibly poised for a retest of the broken weekly descending trend line) which made it form a double bottom. However, if you look at the behavior of this Forex pair, it consolidates above a support (boxed) before descending strongly... did it twice. Watch for a signal to go long or short!
by bearvsbullmarket
Structure Trade on GBPNZDHey guys, here on GBPNZD we're now testing a very important structure area; as you can see on the left hand side of your screen price has already found resistance in that area and it could now turn into support and push price higher. Given the case, i want to be involved on the long side of this pair, hoping for a continuation on the upside. Now, you can use different kind of entries: you can either buy right now (aggresive entry) or buy the breakout of the wedge that's forming right now (conservative entry). It depends on your risk appetite, in any case, stops below the lows, and if you're aggressive, target1 as displayed above, target2 to be determined (could be huge). If you have questions, or if you want to share your idea, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
6
Long Structure Trade on GBPNZDHey guys, here on GBPNZD we're now testing a very important structure area; as you can see on the left hand side of your screen price has already found resistance in that area and it could now turn into support and push price higher. Given the case, i want to be involved on the long side of this pair, hoping for a continuation on the upside. Now, you can use different kind of entries: you can either buy right now (aggresive entry) or buy the breakout of the wedge that's forming right now (conservative entry). It depends on your risk appetite, in any case, stops below the lows, and if you're aggressive, target1 as displayed above, target2 to be determined (could be huge). If you have questions, or if you want to share your idea, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Double Bottom at Cypher completion on GBPNZDHi guys, here on GBPNZD as you can see we have a nice double bottom (with RSI divergence) right at the completion point of the Cypher pattern. Besides, this level is also a level of structure that lines up pretty well with the 618 retracement of the bigger leg. The last bullish candle is the final sign of a possible reversal. We'll see. Stops below the low, target1 at the retest of the highs, target2 to be determined (right now i think at the second cypher's target) If you want to share your thoughts or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Bunch of clues on GBPNZDHi guys, here on GBPNZD as you can see we have a nice double bottom (with RSI divergence) right at the completion point of the Cypher pattern. Besides, this level is also a level of structure that lines up pretty well with the 618 retracement of the bigger leg. The last bullish candle is the final sign of a possible reversal. We'll see. Stops below the low, target1 at the retest of the highs, target2 to be determined (right now i think at the second cypher's target) If you want to share your thoughts or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
3
Harmonic pattern on AUDCADHi guys, lots of interesting ideas today. Here we have an advanced pattern formation, a Bat, that's completing right near the resistance level that was broken to the upside and that should now turn into support. Whenever this kind of pattern completes at key structure levels i place my orders at the D point, with stops below X, and targets at the 382 and 618 retracements of AD. Let's see how this plays out. If you want to share your viewpoint, or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Bat Pattern at key structure levelHi guys, lots of interesting ideas today. Here we have an advanced pattern formation, a Bat, that's completing right near the resistance level that was broken to the upside and that should now turn into support. Whenever this kind of pattern completes at key structure levels i place my orders at the D point, with stops below X, and targets at the 382 and 618 retracements of AD. Let's see how this plays out. If you want to share your viewpoint, or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1