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Gbpnzdforecast

GBPNZD ANALYSIS** JUST AN IDEA. NOT A SIGNAL ** Sorry we haven't posted in two weeks due to covid. We are back with GBPNZD, as we can see a weekly downtrend is continuing as the days go by. Momentum has been lost this week over the last few days with signs of a reversal. If the trade chooses to break 1.92770 barrier I expect to see a nice uptrend. Else if the trade breaks the 1.91360 line then I expect a nice downtrend drop. Interesting trade to keep an eye on. Thanks for viewing! Please support this idea by liking and leave any comments you wish ✨ Feel free to support us with a follow, join us for free on telegram t.me ✨ Drop us an email on admin@snapforex.com if you would like to get in touch ✨ SnapForexOfficial.
by SnapForexOfficial
GBPNZD H4 LONG PRICE ACTION FORECAST After price reaching a strong support level from D1 domains, in the intraday level at H4, it was able to manage the descending trendline breakout, retested the area, and now pulling back to a key support level for bullish confirmation. It allows a long entry to capture the forthcoming uptrend The order: Type: buy-limit S/L: 73 pips - R:R | 1:2.7 - T/P: previous resistance level from downward correction -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
3
GBPNZD: Short term Bullish Idea can push it towards 1.98 - 2.0GBPNZD has reached to the bottom of the rising channel and is under bullish pressure from the divergence created between the price and MACD. Fibo retracement of 50 & 61.8 coincides with the previous structural support now can be seen as resistance. Price can bounce up to the zone of 1.98 - 2.00 and then turn bearish for the future continuation. GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
Long
by moneytize
2
GBPNZD H1 LONG PRICE ACTION FORECAST The price action in this pair has experienced strong bearish momentum in the H1 timeframe; after reaching the strong support level from D1 domain, it is expected to suffer a pullback before continuing its downward movement. The order: Type: buy-stop S/L: 31 pips - R:R | 1:3 - T/P: target the golden Fibonacci level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
GBPNZD H1 SHORT PRICE ACTION FORECAST Pair under a clear bearish momentum, currently in consolidation. Now from a D1 domain, MACD is signaling a mild bullish force for an expected correction in H1. Price correction should be towards the predominant descendent trendline in confluence with Fib level 5.0, where the entry for a short trade should be considered The order: Type: sell-limit S/L: 53 pips - R:R | 1:3 - T/P: aiming at the key support level from previous LL -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
GBPNZD H1 SHORT PRICE ACTION FORECASTWith price action trading within a rising channel under bearish pressure, the high probability of a breakout under seller pressure is more likely. With a sell-stop entry to get into the trade will do the work in case the breakout happens. In H1 is noted the strong double top formed by the price action, together with a bearish MACD, to give some support to the bearishness into the British pound. S/L: 100 pips R:R | 1:3 T/P is aimed towards a previous support level form D1.
Short
by OGFXTRADER
UPDATE: 465+PIPS IN PROFIT FROM ENTRY ON GBPNZDWe are currently more than 465+ pips in profit on this position from our entry. i have attached the initial analysis below. Analysis for this trade was pretty simple and straight forward. Entry was marked using Fibonacci retracment at 50% of the previous bearish move. I want to point out some other factors that are key to your success as a trader, 1. Keep your analysis plain and simple, you will not find consistency by trying to use a lot of tools, you will only contradict yourself 2. Always calculate your risk on a trade and use a stop loss, you will not lose sleep knowing you could lose 2% on a trade but you sure will lose sleep not knowing how much you're going to lose on a trade 3. Learn, understand and apply the concept of risk to reward ratios. And always trade with a healthy risk to reward ratio 4. Trust your trade and whole heatedly accept the fact that every single trade you take has potential to be loser and hit your SL These factors are a few of many but you have to start somewhere. start applying them if you want to see a change.
Short
by Malika_Analysis
5