After Breaking 1 D and 1 W Support, Now 1M GBP/NZD has broke 1D and 1W support. Now Its facing 1M Support.
Gbpnzdforecast
Going to short it with TP 1.8200I am Going to short it with TP 1.8200 and SL 1.8738
Trade at your own risk
GBP/NZD Long to 1.90 or 1.8445 Comment Your ThoughtsAccording Mark McCormick, Global Head of FX Strategy at TD Securities, suggests to go long on GBP/NZD cross at current levels, targeting a move to 1.90 and a stop of 1.8445.
Key Quotes
“While all the G10 shows downside growth momentum, the USD, for its part, falls into the worst quadrant that shows dual deceleration. Even so, NZD takes top shop in terms of the overall worst ranking and GRMI doesn't help its ranking this week. We also expect a weak NZ CPI print that could catalyze NZD downside.”
“For GBP, while it has plenty of Brexit risks to manage, we note this week's event calendar offers smoother sailing. Furthermore, GBP checks a few boxes in the desirable (tactical) contrarian trade column, reflecting its weight in these baskets. It is also trading with a 2% discount to HFFV against the USD. When we calculate the cross NZD HFFV levels, GBPNZD is trading at a whopping 5.3% discount!”
GBP/NZD : Sell After Retest Confirmation BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
FURTHER DOWNSIDE ON GBPNZD We will be looking for price to re-test 1.90640 and from this resistance zone, we may potentially see price move bearish again towards 1.83785 ( green line) . Stop loss is marked at 1.94087
#GBPNZD Signals with huge potential*Bear model.
*Serious support was broken at 1.9034 which led to large declines.
*The above is daily, the weekly and monthly graphs support the bearish model.
*The GBP / USD is very bearish against the model of NZDUSD which is bullish.
Target: 1.8480
GBPNZD BUY IDEALooking to buy GBPNZD from buy area, closing trade at target area (+50-80pips).
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Good luck traders!
#GBPNZD SkydivingWe are in the process of breaking support and intensifying declines.
According to Stochastic, there is still a place for future declines.
The beginning of a red Ichimoku cloud that warns against changing the trend.
Target 1.8920
GBP/NZD : Sell From Double TOP !!BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
GBPNZD SELL IDEALooking to sell GBPNZD from sell area. Waiting for exhaustion candle. Close trade at the target area (+30-50pips).
Please note If there is no sign of reversal from candle price action then I will not enter.
GBPNZD 1000 pips short opportunityPrice have broken down B leg of ABC correction for a potential 1000 over pips opportunity.
Current entry price also shows a nice 1:2 risk and reward ratio.
GBPNZD - POSSIBLE BULL RUNFREE ANALYSIS ON GBPNZD. Possible bullish move about to unfold. BUY up
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Word of the day:
“You can’t use up creativity. The more you use, the more you have.” – Maya Angelou
GBPNZD Strength DecreasingGBPNZD has printed a bearish rejection candle. There seems to be a slowdown in volatility. If price can break this trend line and retest it we will see price take back down to the previous low at 1.84000. If price continues its bullish momentum, price can potentially push up into the next zone between 1.97000- 1.98000.
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Gbpnzd Long Term Sell Rejecting the 61-fibo level + Bearish FlagWe expecting Gbpnzd Long Term bearish move start we see False break and reject the fibo 61.00 level and also bearish move
GBPNZD 4H CHANNEL! MAJOR ALERT!Price of GBPNZD has currently been travelling in an ascending channel. There is a minor support trendline marked out in a thinner black line inside the the channel. Price just recently broke below this line indicating a drop down to the bottom of the major channel like it previously has.
We sent this trade out to our FREE signal members on the entry of the chart! TALK ABOUT SWING TRADING!
Possible 500 pip drop coming from GBPNZD, still in the worksPlease read the chart, everything is on there. We still need to let this play out, it is an idea at the moment.
We have an ABCD with a Harmonic inside of it, some would consider it a cypher, but I don't trade those, i consider them Sharks.
If we get a 5 wave up on this current bull run we are in, I'll begin looking to short.
I'm going to start posting more, I've been too busy trading lol! $$$$$$$$$$
If things play accordingly we might get a wick at the 1.13 and tap the 1.27, If the sell signal is triggered bear this in mind in case of a stop hunt or something.
#GBPNZD A simple signal...Excellent entry price because we are close to resistance and as long as the gbpnzd does not break the resistance or support we will try to earn as much as possible from the remaining gbpnzd in a certain range.
Sell GBPNZD:
Entry Price:1.9395
Take Profit: 1.9065
stop Loss:1.9470
GBP/NZD: BUY & SELL Trade Setup Must watch !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
#GBPNZD Prediction Next WeekAs can be seen from the graph above, there is strong resistance in 1.97, The pound has already tried twice to break this resistance without success, in our opinion he(#GBP) is going to try this resistance again for the third time, This is one of the reasons for our buying recommendation
Buy GBPNZD:
Take Profit: 1.9670
Stop Loss:1.9250
