GBPNZD Is At The Down Trend Line BackSide of The Broken Up TL We Have GBPNZD Sitting At The Backside Of The Broken Up Trend Line Right Near The Down Trend Line,
The Market Is Already Making Lower Lows And Lower Highs,
The Market Already Broke The Counter Trendline In The Sell Zone And Now Its At The Backside of It.
If You Take A Look At The Daily You Will Also Find That The Daily Had Recently Formed A Double Top Which Makes The Bearish Direction Stronger.
I Will Take My First Profit At The Green Line At The Daily Missed Target.
Gbpnzdforecast
#GBPNZD, Elections approach!The GBPNZD is above the 200 moving average line which is a bullish sign.
The Ichimoku cloud continues to be bullish on the pound.
The recent declines were due to the pound's encounter with resistance at 2.03, but you can see very quickly the ups were coming back to the picture.
Target: 2.09
GBPNZD forecast on daily**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 2.00168 where it could potentially react off and up to 1st resistance at 2.01154.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD NEXT POSSIBILITY MOVE.In the name of Allah, the Most Gracious, the Most Merciful.
GBPNZD has just formed a flag pattern in daily time frame there is more chances to move market
upside so in 4 Hrs Time frame are just Analysis the falling wedge pattern there is more probability
to move the market as per explain on the chart.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.99376 where it could potentially react off and up to 1st resistance at 2.01667.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
#GBPNZD, A formidable modelIn the second pick, a Double top template was created so we recommended a sale, there was a decrease but it did not hold and gbpnzd returns to increase in strength.
The buying position will be with the trend.
We believe that gbpnzd is on the way to resistance at 2.0400 and then if there is indeed breaking then the next target will be very very high.
GBPNZD approaching support, potential for a further rise!
GBPNZD approaching support at 1.99260 where it could potentially rise further to 2.05590.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPNZD reversed from resistance, potential drop!
GBPNZD reversed off its resistance at 2.03165 where it could potentially drop further to 1.99262.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.99260 where it could potentially react off and up to 1st resistance at 2.05590.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
#GBPNZD, Signal with huge potentialTwo weeks ago a double top pattern was created in the weekly graph and indeed the pound fell by 130 pips, the declines did not hold and the bulls returned.
The recent increases accelerated after the resistance in 1.998 was breached.
A definite upward trend.
Target: 2.09 (a very distant but very realistic destination).
If gbpnzd drops below 2.0150 this signal is canceled!