GBPNZD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPNZD.
After taking out liquidity above trendline, price started a retracement. I see price to go a little bit lower to fill the imbalance and then to reject from institutional big figure 1.91000.
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Gbpnzdforecast
GBP/NZD in my opinionHello guys!
Again Vugar here.
By following GBP/AUD, I decided to write some sentences about it.
Already, we see that it created flat channel or something like it. Channel upper level is 1.93550, bottom line is 1.90867.
The is most important is its median. Median is parallel line among trend channel. In GBP/NZD, median is 1.92480 approximately.
What can we wait for?
Price now is 1.9213. This is too closer to median. In this case, have one decision: - put SELL STOP at 1.92000!
TP 1.91328
SL 1.92700
If we will have a chance (a little) then we will be successful in the end of day!
Good luck!
20 Reason for sell GBPNZD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: multi years double bottom
2 📆Monthly: market make lower high even protect their last low during September's volatile moves
3: 📅Weekly: protect the previous high and after it, formate a clear inverted flag that indicates the down move will continue till you grab 50% of the wick liquidity
4: 🕛Daily: a side or range bond market
😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: bear
6: 2 Pattern Candle Chart: down base down
7: 3 Volume: Average
8: 4 Momentum UNCONVENTIONAL Rsi: favor in bear
9: 5 Volatility measure Bollinger bands: after a tight squeeze downside bear walking on the band formation
10: 6 Strength ADX: the bear is in power
11: 7 Sentiment ROC: GBP is weaker then NZD
✔️ Entry Time Frame: H4
12: Entry TF Structure: bear
13: entry move: impulse
14: Support resistance base: 20 ma resistance
15: FIB: trigger event done
☑️ final comments: sell
16: 💡decision: sell at open high
17: 🚀Entry: 1.9100
18: ✋Stop losel: 1.9280
19: 🎯Take profit: 1.8575
20: 😊Risk to reward Ratio: 1:5
🕛 Excepted Duration: 5 days
GbpNzd to drop under 1.9The month of October is, for GbpNzd an H&S pattern, with the spike above the 2k zone, marking the head.
With the start of November, the neckline break comes followed by a drop and correction in a flag.
Now this correction seems to be over and the pair could drop to visit the previous support under 1.9
I'm bearish GbpNzd as long as the pair stays under the 1.9550-1.96 zone and sell rallies could be a good trade with good R: R
GBPNZD - Sell-off continuation ✅Hello traders!
‼️ This is my analysis on GBPNZD .
Here we are bearish from H1 timeframe perspective, so I am looking for shorts. I expect price to continue bearish price action after filling the imbalance above and rejected from institutional big figure 1.95000.
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GBPNZD - Short from resistance ✅Hello traders!
‼️ This is my analysis on GBPNZD .
Here we are bearish from H4 timeframe perspective, after price broke out the support zone, that now become resistance, so I am looking for shorts. I expect price to retrace a little bit and look for a short from resistance + institutional big figure 1.96000.
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GBPNZD - Short till support ✅Hello traders!
‼️ This is my analysis on GBPNZD .
Here we are bearish from H1 timeframe perspective, so I expect bearish price action after price took out buy side liquidity and rejected from institutional big figure 2.00000.
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GBPNZD - Long from bullish orderblock ✅Hello traders!
⁉️This is my analysis on GBPNZD.
Here we are in a bullish market structure, so I am looking only for longs. I expect price to make a retracement to fill the imbalance and then to reject from bullish orderblock + institutional mid figure 1.98000.
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GBPNZD - Bearish short and mid term ✅Hello traders!
⁉️This is my analysis on GBPNZD .
Here we can see that price rejected from institutional big figure 2.00000 and broke the market structure, so I expect bearish price action for upcoming weeks to fill the imbalances below.
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GBPNZD - Long from bullish orderblock ✅Hello traders!
⁉️This is my analysis on GBPNZD.
Here we have stron bullish momentum, so I am looking only for longs. If price makes a retracement and fills the imbalances below and rejects from bullish orderblock + institutional big figure 1.95000, I will open a long position.
Also we have news event about Cash Rate on NZD on Wednesday. If the rate is increased, it means strong NZD, that will support our retracement.
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GBPNZD SHORT
List of confluences:
1: Trendline breakout on daily chart
2: Rising wedge pattern breakout which signals trend continuation to the downside.
3:Key level breakout on daily chart.
4: Change in market structure from bullish to bearish.
We will be looking to sell this pair as it remains bearish despite BOE attempt to intervene in the weakening of the Pound.
Risk reward currently stands at approximately 9.13 to 1. So we could see a return of between 9.13% to 18.26 for this
particular trade if we risk between 1 - 2 percent of our account per trade.
GBPNZDHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will have more profit always and you will not be a loss.
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2. Technical Knowledge
3. Fundamental Knowledge
4. Trading Signal
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⁉️ GBPNZD - Market AnalysisHello traders!
⁉️This is my analysis on GBPNZD .
Here we are in a bullish market structure, so I am looking only for longs. I expect price to make a retracement and then to reject from bullish orderblock + institutional big figure 1.91000.
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