Gbpnzdidea
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.
#GBPNZD, 110 pips opportunity! An important Double Top pattern is created in the daily graph that usually causes pullback as you can see already started.
According to Ichimoku, the upward trend will continue.
Target: 1.9930
UPDATE on GBPNZDThis is an update on the GBPNZD because of Brexit. previous idea didn't play out..non the less we continue to forecast as it created a rising wedge and if the 3rd touch confirms we go short..for those that trade support and resistance..there's a clear indication that previous high or resistance level is in play as well..happy trading..secure the bag
Is there a last up swing coming??? GBPNZD Long Trade idea...Price had a good bull run. The retracement seems to lose some steam but I think there is still some momentum left for one leg up. Price probably won't make a new high but I put my TP on the highest pivot point just in case. We have a nice window of opportunity to open a long trade with price showing support close to the trend line.
Just be patient and see what happens...
GBPNZD Harmonic Butterfly Analysis and StrategyWe are trading 4th leg of the predicted butterfly pattern which is also at major support zone. We are predicting price action to bounce from here to complete the pattern. FX:GBPNZD
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.
POTENTIAL BEARISH MOVE ON GBPNZD Looking for a 50% retracement on this trade to enter at the grey line.
Entry - Grey line
Stop loss - Red line
Take profit - Green line
Risk exposure - 1%
Risk to reward - 1:2
Happy trading :)
