Gbpnzdforecast
GBPNZD H4 Analysis Based On Price Action Theory.Dear Traders Today We Have Analysis Of GBPNZD H4. This Analysis Based On Price Action Theory.
According The Analysis We Can See That Market On The Support Level & Price Decline(Rejection) From Support . So Behalf On That. This is Right Time To Open Buy Trade Around @1.9226 With Control Volume Hold your Trade be patience achieve the Given Target🎯
I Request to All Before The Trade You Also Match You Analysis With As If Your Set up Match Then You Can Trade.
#GBPNZD Buy@1.9226
#Tp@1.9500
#Sl @1.9090
Notes- Please Take Only 2% Risk On Every Given Analysis That Means You Can Safe In Market Every Time
All The Best 🙏🏻
GBPNZD is trading in a downtrend channelGBPNZD
From August 25 this pair has started the downward journey in the channel.
And the trend line is touched thrive and holding as the resistance for the bullish.
After the price reached below the 61.8% Fibonacci retracement broadly it’s touched the 1.97000 psychological level and retested the support zone which is a Previous month’s low 1.97480.
This level will act as the support for the bearish. The first target will be 1.95100 level.
In Elliott wave analysis this pair is going to complete the major wave of 5. Stop lose may place above the minor wave of 02.
On fundamental side the brexit headlines will makes this pair more volatile. And the reserve Bank of New Zealand has recently insisted that they don’t care about the foreign exchange rates. The number of COVID-19 cases are in declining phase this improve the overall economic condition of New Zealand
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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
GBP/NZD SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
GBP/NZD: Day-Swingtrade-Execution
Market-Sell-Order: 1,96740
Stop-Loss: 1,98710
Target 1: 1,94770
Target 2: 1,93150
Target 3: 1,91450
Stop-Loss: 197 pips
Risk: 0,5% - 1%
Risk-Reward: 2,70
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Peace and good trades
Irasor
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GBPNZD, 4hr timeframe, Sell on retest of resistance areaHello my friends,
GBPNZD currently very interesting as price broken below the short term trend line.
Also noticed that the last 2 candles on this chart looks like a bearish pinbar / shooting star candle.
I tried selling GBPNZD on the retest of broken zone of previous double top pattern.
Sell GBPNZD 1.9960
Stop loss 2.0035
Take profit 1 @ 1.9860
Take profit 2 @ 1.9770
Use proper risk management
Only risk 1-2% of your equity
Moved SL to entry once price touched TP1
Good luck
GBP/NZD Technical Analysis
The counter has formed a topping out formation in the near-term.
It made a double top and has broken a key support level of 1.99508.
Further, the round number of 2.00 can act as a psychological barrier in the near-term.
Though a pullback to the top cannot be ruled out, we still expect the pair to be bearish in the near-term.