Gbpnzdforecast
GBPNZD: possibile long on 4h time frameHi Traders,
This is my view on this pair for the next few days.
#GBPNZD
Wait for the pennant pattern braking to be confirmed to go long
BUY 1.93250
SL 1.924
TP 1.9493
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Pietro from Trading Kitchen
GBPNZD Elliot wave analysis in H4
GBPNZD
Elliot wave analysis
The fundamental factors has played key role in the recent downtrend in GBPNZD as the pandemic situation in England got worse and the economic condition in New Zealand was also in trouble and in some countries they re imposed some minor restrictions.Today the RBNZ has leave the rate unchanged this causing the further selling of GBPNZD in coming days.
We can clearly see the price movement was within a broad rising channel and its about to reach the lower side of the trend line. And i am expecting further downside breakdown in coming days. Currently the Wave 02 was completed and Third major wave was underway.We can see a bearish engulfing pattern in 4 Hour time frame 1.94550 would be a desirable entry point for bear.The main bearish invalidation point was 1.97530
GBPNZD looking bearish
The pair remains to trade in a consolidation range. Although it managed the breakout of the ascending channel in March last week, the price reversed into the pattern.
GBPNZD may come into a potential downtrend movement towards the support line of the ascending channel. Further confirmation is expected.
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GBPNZD - Buy Entry - H4 Chart ??GBPNZD - Buy Entry - H4 Chart
One to watch 👍 Would need confirmation for entry.
Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance
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🔺 DISCLAIMER
🔺 The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
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GBPNZD 4H TIMEFRAME Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
GBPNZD 4H TIMEFRAME Welcome to BittuFX - Trading 🎯
GBPNZD 4H TIMEFRAME!
GBPNZD SELL - 1.96341
🎯TP - 1.95951
🎯TP - 1.95328
🎯TP - 1.94340
📈SL - 1.97342
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Use Min Risk ( Don't Use High Lot size )
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Have a great week everyone! ❤ - Bittu -
GBPNZD 4H TIMEFRAME Welcome to BittuFX - Trading 🎯
GBPNZD 4H TIMEFRAME!
GBPNZD SELL - 1.95220
🎯TP - 1.95000
🎯TP - 1.94715
🎯TP - 1.92700
📈SL - 1.96225
BittuFX - Copyright © Reserved
Use Min Risk ( Don't Use High Lot size )
Leave us a comment or like to keep our content for free
Have a great week everyone! ❤ - Bittu -
GBPNZD - Breakout TrapPlease be cautious when trading the head and shoulders breakout on this pair as it could result in a reversal. If the breakout is confirmed then look to continue buying but if the price shows signs of closing back below the arrow marked then get out because this could drop aggressively.