GBP/NZD Long Trade IdeaConsidering the recent decline in the NZD, I am considering purchasing GBP/NZD on the rise. Following the breakout and retest of an inverse head & shoulders pattern, I plan to wait for a 50% retracement in the bullish trend before furthering my purchases in the upward direction.
Gbpnzdforecast
GBPNZD Trade IdeaThe GBPNZD is in a bullish trend clearly as we can see on the 4 hour chart. We have a series of higher highs and higher lows. Prices currently overextended, we anticipate a retrace down into the 4 hour imbalance area where a buy opportunity could present. Target set previous high and resistance levels as seen on the chart. Stop under the previous low. As always this is for educational purposes only and not to be construed as financial counsel.
GBPNZD - Expect downside move ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here I expect to see bearish price action as price could reject from resistance + FIBO 0.618 level + institutional big figure 2.08000. My target is sell side liquidity.
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GBPNZD I It will decline from channel resistanceWelcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
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GBPNZD - Long from support zone ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to reject from support zone for a potential long.
Fundamental news: Upcoming week on Tuesday we will see results of Unemployment Rate on NZD.
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GBPNZD Trade IdeaThe GBPNZD has undergone a significant upward movement recently, demonstrating a pronounced bullish trend on the 4-hour chart characterized by higher highs and lows. The retracement observed presents a potential buying opportunity, with target levels set at previous daily swing points. It is crucial to underscore that this analysis is presented solely for educational purposes and should not be interpreted as financial advice.
GBPNZD - Opportunity for long position ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance and there is a confluence for a potential long if price rejects from bullish order block + institutional big figure 2.06000 + FIBO 0.5 level.
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GBPNZD I Strong GBP CPI Results I This could happen next...Welcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPNZD is ready to go longWe are losing selling pressure at this liquidity level, which could lead to a potential rebound. This provides us with potential buying signals to explore new higher points, notably the level 2.07294.
Therefore, we are opening a long position to initiate a purchase and attempt to reach this new higher level.
GBPNZD H1 / FVG and OB take / looking for a SHORT TRADE ENTRY❗️Hello Traders!
This is my idea related to GBPNZD H1. I see that OB and FVG were already taken and I expect a retracement until the resistance level.
Consider this idea a good opportunity to execute a short trade. In case of confirmation of bearish sentiment, I will execute this trade.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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7 Dimension Analysis For GBPNZD Yearly: The market is entrenched in a multi-year downtrend. Despite yearly structure breakouts, rejections from the CIP level have been consistent, indicating strong resistance. The failure to breach upper yearly resistance suggests substantial selling pressure. A post-breakout bearish buildup implies a high likelihood of further downside in the coming years.
Monthly: A shift from a bullish to a bearish character is evident. Strong resistance rejections, particularly marked by a classic doji in August 2023 within a blue-box-highlighted area, indicate significant downward potential. The momentum flow in August 2023 adds conviction to the bearish scenario.
Weekly: While the weekly chart shows some sideways movement, the current positioning lacks clarity. Further examination is required for a comprehensive view of the market dynamics.
😇7 Dimension Analysis
Time Frame: Daily
Swing Structure: Bearish
Structure Behavior: Choch 50%
Swing Move: Impulsive
Inducement: Done; high is confirmed
Pull Back: 1
Internal Structure: Bearish
Ext OB: Unmitigated
Resistance: Found at the FVG area, with demand formed and three proper IFC rejections.
Time Frame Confluence: Daily
Pattern
Chart Patterns: A rounding triple top within a green rectangle indicates a bearish breakout, signaling the end of the corrective move.
Candle Patterns: Inside, with a Harami on Friday close.
Volume
Fixed range volume indicates a strong seller presence.
Significant bearish volume is observed at the green rectangle.
During the cycle, only one bearish candle had a significant impact on price.
Momentum RSI
Zone: Sideways
Range shift: Not clear but oscillating between sideways to bearish.
Divergence: A hidden bullish divergence suggests the potential for short-term bullish momentum.
Overbought sold rejections count: 1, with a bullish divergence.
Volatility Bollinger Bands
The middle band is below, indicating a bearish trend.
Expansion suggests a short-term sideways zone.
Just finished a walking on the band.
Strength According to ROC
Values: -0.37 GBP vs. 3.5 NZD, indicating NZD's strength.
Sentiment
High selling sentiment according to all the studies.
✔️Entry Time Frame: H1
✅Entry TF Structure: Bearish
☑️Current Move: Impulsive is starting.
✔Support Resistance Base: Extreme supply area.
☑️Candles Behavior: Rally-based drop, Momentum.
☑️Trend Line Marked: Waiting for breakout.
💡Decision: Ready for sell
🚀Entry: 2.046
✋Stop Loss: 2.0602
🎯Take Profit: 1.9750
2nd If Internal Structure change also Exit 3rd trendline breakout, Fomo
😊Risk to Reward Ratio: 1:5
🕛Expected Duration: 15 days
SUMMARY:
The analysis reveals a strongly bearish sentiment in the market. The yearly and monthly perspectives provide a broader context, while the daily analysis points to an imminent impulsive move. The entry strategy aligns with the overall bearish outlook, with a clear risk-to-reward ratio and an expected duration of 15 days.
GPBNZD Falling Wedge & Bullish Divergence - Going Long 4H TFGBPNZD is in the falling wedge pattern with a price bouncing at the strong support line. Price actions shows bullish divergence with a possible reversal of going long. Placed a buy stop at previous LH with 1:1 RR. What you all think, Will it go long?
GBPNZD Long Term Buying Trading IdeaHello Traders
In This Chart GBPNZD HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes_ (GBPNZD market update)
🟢What is The Next Opportunity on CHFJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
GBPNZD Long Term Buying Trading IdeaHello Traders
In This Chart GBPNZD HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes_ (GBPNZD market update)
🟢What is The Next Opportunity on CHFJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
GBPNZD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for a short position. I want price to make a retracement to take buy side liquidity and to fill the imbalance higher and then to reject from bearish order block.
Fundamental news: Next week on Friday will be released monthly GDP on GBP.
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