GBPNZD Bullish Breakout! GBP-NZD broke out of
The falling channel pattern
And the breakout is confirmed
So we will be expecting
A further move up!
Gbpnzdidea
GBPNZD Short Term Sell IdeaH1 - Strong bearish momentum.
Currently it looks like a pullback is happening.
No opposite signs.
Expecting the price to move lower further in the short term after pullbacks until the strong resistance zone holds.
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 IDEA 💡 I foreseen a Head and Shoulder pattern being formed on our 30 minutes chart. This gives us a long sell with opportunity to pockets many TPs before our target.
A proper risk management is required though.
Please follow me for more analysis
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.
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.
GPNZD BUYHello, according to the analysis of the GBP NZD pair. There is a good opportunity to buy as the pair exits the side channel as shown in the analysis. It also broke the strong Double Bouton pattern. And breaking the resistance at the level of 2.05500. All of these factors confirm that the market is for purchase. Good luck to everyone.
GBPNZD Breakout From The Wedge!GBP-NZD broke out of
The bullish wedge
While trading in an
Uptrend which confirms
The bullish bias we had
So now a further move up
Is to be expected
GBPNZD Long Term Selling Trading IdeaOct 12
Hello 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 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
GBPNZD BUYS in playGBPNZD BUYS in play.
1. Potential Bullish Trend.
2. GBP is strong meanwhile NZD is weak.
3. Short term sellers pressure.
We are looking to go Long on this pair, As the price is heading towards the support and resistance zone. We will look for confirmations on the lower time frames.
GBPNZD Analysis 2Sep2023Assuming that Wave C has the same length as Wave A, then we can estimate the next target price. Fibo Extension 1 is right in the SND area which is quite positive. With the closure of the week the boss will occur, it is likely that the price will continue the trend bearish to SND
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.
GBPNZD Analysis 20Aug2023seeing that the RSI is saturated and diverging, there is a possibility that the price will return for a correction. there is an opportunity to take profit on a short position with a possible 500pips
GBPNZD Local Bullish Bias!GBP-NZD broke out of
The range and the breakout
Is confirmed so now we are
Locally bullish biased
And we will be expecting
A move up towards the
Target of 2.1150 !
GBPNZD Analysis 31July2023Prices look stuck by strong resistance and try to penetrate the area at least 4 times and have not been successful. At present the price is trying to penetrate the compression area, with this situation the possibility is the price of bearish to the support area. If the support area is pierced, the price will continue the bearish until SND below.
GBPNZD Analysis 13July2023This pair uses swing trade analysis, if you want to follow use small lots and money management strategies that you have adjusted.
the initial target is the support area as well as the SR Flip. if the area is broken, then the price will continue its bearish trend until the 2.618 fibo area which is also the SnD area.
GBPNZD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPNZD Prediction H4Here is my analysis for GBPNZD on H4 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPNZD Analysis H1Here is my analysis for GBPNZD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPNZD Analysis H1Here is my analysis for GBPNZD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPNZD SELLit seems that the strength of up-trend is getting weaker and it's suitable for Sell (Short Position)
GBPNZD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
