Gbpnzdforecast
GBPNZDHello fellow traders, if you like the idea, do not forget to support with a like and follow.
DISCLAIMER
________________
Forex trading and trading in other leveraged products involve a significant level of risk and are not suitable for all investors.
THIS IS NOT IN ANYWAY AN INVESTMENT ADVICE! DO YOUR OWN DUE DILIGENCE BEFORE TAKING ANY TRADE.
forex | GBPNZD multi timeframe analysis - long term sell tradelearn how to trade support and resistance with psychology trading areas
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starting with the monthly time frame we notice that we are in a strong downtrend so, we trade with the trend and start searching for selling opportunities.
and we found that the price moving in sideways so, in this condition, we follow support and resistance strategy.
moving down to the weekly chart, which confirms the support and resistance area. the daily chart we are in a clear uptrend so searching for selling opportunities is so risky right now.
so we have to align our analysis with the COT report and draw an uptrend in a smaller time frame like 4hr chart and waiting for a break-out
then we start selling with low risk.
forex | GBPNZD multi timeframe analysis - long term sell tradelearn how to trade support and resistance with psychology trading areas
________________________________
starting with the monthly time frame we notice that we are in a strong downtrend so, we trade with the trend and start searching for selling opportunities.
and we found that the price moving in sideways so, in this condition, we follow support and resistance strategy.
moving down to the weekly chart, which confirms the support and resistance area. the daily chart we are in a clear uptrend so searching for selling opportunities is so risky right now.
so we have to align our analysis with the COT report and draw an uptrend in a smaller time frame like 4hr chart and waiting for a break-out
then we start selling with low risk.
GBPNZD buy chance comingHello Traders Welcome back to another profit day
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
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 Moving in a rectangular support and resistance zone, price tests the broken resistance as a support, Wait for a shooting entry till GBPNZD touch the support zone
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Please support this idea with a like, if you find it useful
have a good profit week guys
GBPNZDHello Guys Welcome back to another profit day
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
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 moving t the support area after rejection from the resistant zone , lets watch sell the chance together
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Please support this idea with a like, if you find it useful
have a good profit week guys
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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