Gbpnzdidea
Two possible scenarios for GBPNZD next week.. On screen analysisWe are in the middle of a pandemic right now with everything that is going on with the Corona virus. It seems to me that Australia and New Sealand were hit hard economically and will be in the next few weeks. My eyes will be on a long trade to the same level of the spike on March 8 which is a Monthly support and resistance level @2.17
On the other hand there could be a big change of events which could lead to a decline in value of the British Pound. Therefor we will first see a clear break of the recent Up trend and probably support turning in to resistance @2.02. When this happens my target will be 1.94 in a short trade.
Trade with care and caution! I will keep you posted on this one.
GBPNZD SELL OANDA:GBPNZD SELL from 2.03282
TP1-1.99844
TP2-1.95972
IF YOU AGREE PLEASE PUT A LIKE IF YOU NOT AGREE LIVE A COMENT
GBPNZD- After major exhaustion on Daily TF
- We look for retest of the Double Top but unfortunately the market opened above
- Now we wait for retrace to enter a sell
GBPNZD- Respecting minor trendline as we look for sells to short
- If it breaks the trendline we go long
GBPNZD SELL Same as GA, looking for a similar sell as a day trade. I'm already in this floating about 100 pips in profit however it is still possible for this to wick up so be prepared for an entry where the purple box is. Watch for rejection around this zone.
280 PIP GAIN 13/1 RR
GBPNZD 400 PIPS OPPORTUNITYThe price is currently at strong resistance, also a triple top formation so the next wave is expected to be a downside
Continuation | GBPAUDWe look to short to a minor support and wait for the market to break or loose momentum
GBP/NZD LONG set upentry 1 2.000
entry 2 1.990
sl 1.9800
tp.1 2.0100
tp.2 2.0260
tp.3 2.0300
tp.4 2.04000
GBPAUDTargets set for retracement and possible a full retrace
- market still respecting Daily Resistance
MAJOR REJECTION ( Head and Shoulders) | GBPNZDAs our overall analysis on the Daily is a Head and Shoulders, thus the market is rejection the Major Resistance meaning a loss of momentum for buyers
- We look for retraces to Sell and go long as it made a minor Head and Shoulders on 1HR
- Patience as we wait for the drop
Potential SELL on | GBPNZDCompleted Head and shoulders, Unless we see a reversal on daily its a sell at this point
- On the 1Hr we see a broken support retest as the market start to make LL's and LH's
#GBPNZD, Signal with a monstrous targetThe GBPNZD is after the Double top effect and is back on the rise.
The GBPNZD over 2 important average lines (100,200)
The candles are placed over the Ichimoku cloud that accompanies the GBPNZD with a green cloud!
The Stochastic in the ideal area that recommends buying.
All these technical data indicate continued increases.
Target: 2.0370
GBPNZD Possible Long OpportunityWe had a strong rejection off the 61.8 on the daily. Price has been moving correctively for a while on daily creating a giant flag. We expect price to possibly move back to the top of this flag if it doesn't keep breaking down. If price breaks out of this flag, take it to the -61.8 fib extension long term for we expect GBP pairs to be bullish in 2020. Trade with care :)
#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 Long > H4GBPNZD Long Setup
> Wait for shorter time frame correction
> Bullish Price Action
> Long
GBPJPY Short > H3> GBPJPY Short setup
> Wait for correction
> Bearish price action
> Wait for supp breakout
> Short
Trading CFDs on margin carries high risk.
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.
