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Gbpnzdidea

GBPNZD At the moment, I think it will be too soon for me to say there would be a reversal or a continuation, however a breakout on either side is what I'd love to see before taking a position. A break above the and its retest, 2.04919 I will go long A break below the and its retest, 2.04036 I will go short. Until then, fingers crossed Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
by Mbjoey
GBPNZD, ripe to short to the next significant levelThe GBPNZD was rejected by the upper trendline of the ascending channel on 21st August, 2023. made a pull back to the 2.13930 support. Price is currently being resisted by the EMA-50 on the 4HR time frame. A break below the EMA-50 could push the price down to ultimately re-test the EMA-200 support at 2.10941. On the other hand, the fibo retracement could pull price above to 2.14605 resistance entry where the price can have a significant short.
Short
by AbeikuGlobal_FX
1
GBPNZD POTENTIAL LONG FORMATION IN PROGRESS (BULLISH CHANNEL)When we look at the pair there are more bullish signs and bearish signs hence we are only looking for buying opportunities. We have listed the reasons for our bullish basis below: 1: Higher times frames show a strong bullish trend. 2: Lower bullish channel test and potential bounce. 3: Up-trendline test and bounce. 4: Pair us making new highs which signal a bullish trend. Nothing in the markets is ever perfect and this includes pattern formations. It's not every often we see textbook-style patterns. As long as risk is managed, if we happen to get stopped, we move to the next trading setup.
Long
by NDOBObanks
GBPNZD SELLHi, according to my analysis of the GBPNZD pair. There is a high probability of falling. With the bullish channel flag broken. The price is trying to retest the resistance area 1.01350. Although this area is the 61% Fibonacci retracement of the golden ratio. I wish you success in this transaction .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short
by inv_market09
15