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Gbpnzdlong

GBP/NZD (1-Hour) - Trade Analysis & SignalsCurrent Market Condition: The pair is in a downtrend, with lower highs and lower lows forming. Price is testing a strong support zone around 2.25180, previously respected as a demand area. A potential reversal or continuation breakdown is likely. 📌 Trade Signals 🔹 BUY (Long) Setup 📍 Entry: 2.25180 - 2.25380 (Near Support Zone) 🎯 Targets: TP1: 2.25680 TP2: 2.26180 TP3: 2.27000 (Major Resistance) 🛑 Stop-Loss: Below 2.24650 📌 Confirmation for Long: ✔️ Bullish candle rejection from support ✔️ Increased buying pressure (long wicks, bullish engulfing pattern) ✔️ RSI oversold or bullish divergence 🔻 SELL (Short) Setup 📍 Entry: 2.25680 - 2.26180 (If Price Retraces) 🎯 Targets: TP1: 2.25380 TP2: 2.25180 TP3: 2.24650 (Breakdown Level) 🛑 Stop-Loss: Above 2.26500 📌 Confirmation for Short: ✔️ Bearish rejection from resistance ✔️ Lower high formation ✔️ Increased selling volume 📌 Breakout Scenario: If 2.24650 breaks with strong bearish momentum, expect further downside to 2.24000. If 2.26180 breaks, price may push higher towards 2.27000+. 📉 Bias: Short-term bullish if price holds 2.25180. Bearish breakdown expected if 2.24650 is breached.
Long
by forexcitysignal
GBPNZD Bullish Continuation - Will Buyers Push Toward 2.28000?OANDA:GBPNZD is trading within a well-defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish impulse suggests that buyers are maintaining control, indicating a potential continuation toward the upper boundary. The price has recently broken above a key resistance zone and may come back for a retest. If this level holds as support, it would reinforce the bullish structure and increase the likelihood of a move toward 2.28000, which aligns with the channel’s upper boundary. As long as the price remains above this support zone, the bullish outlook remains valid. However, a failure to hold the support zone would invalidate the bullish scenario and open the possibility for a deeper pullback toward the channel’s lower boundary. Remember, always confirm your setups and trade with solid risk management. Best of luck!
Long
by TrendDiva
18
GBPNZD Bullish Continuation - Will Buyers Push Toward 2.29000 ?OANDA:GBPNZD is currently trading within an ascending channel, maintaining a bullish structure. The price has broken above a key resistance zone and is now pulling back for a potential retest. This level previously acted as resistance and may now turn into support, aligning with a bullish continuation. If buyers confirm support at this zone, the price is likely to move upward toward the 2.29000 level, which aligns with the upper boundary of the channel. However, a failure to hold this level could indicate a potential shift in momentum. Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions. Let me know your thoughts or any additional insights you might have! 🚀
Long
by DanieIM
3
GBPNZD Maintains Bullish Momentum - Is 2.27040 the Next Target?OANDA:GBPNZD is trading within a well-defined ascending channel, with price action respecting both the upper and lower boundaries. The recent bounce off the midline suggests buyers are maintaining control, supporting a potential continuation of the uptrend. As long as the price remains above the support level and the channel's lower boundary holds, the bullish structure remains intact. A potential upside target is 2.27040, aligning with the upper boundary of the channel. A break and close above this level could signal further bullish momentum. However, a decisive break below the channel’s lower boundary or the support zone would invalidate the bullish outlook and could signal a shift in market sentiment. Remember, always confirm your setups and trade with solid risk management. Best of luck!
Long
by TrendDiva
1
GBPNZD - Bullish Continuation in Play?OANDA:GBPNZD is currently trading within an ascending channel, indicating a strong uptrend. The price has broken above a key resistance zone and may now be pulling back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation. If buyers confirm support at this level, the price is likely to move upward toward 2.26160, which aligns with the upper boundary of the channel. Conversely, a failure to hold support could signal a potential bearish shift. Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions. Let me know your thoughts or any additional insights you might have! 🚀📈
Long
by DanieIM
1
GBPNZD – ready to go long again ... the week of 03 Mar Monthly – bullish Weekly – bullish Daily – bullish, broke above previous highs already. Price above 200sma. H4 – After the break out, price is pulling back. We have no idea where the pullback may terminate, but the support located around 2.2370 or preferably, the zone marked between 2.2212 – 2.21520 (or any other point in between) may hold price. If there is no further pullback, I will not be interested in trading this pair for now. However, if price action develops as I anticipate, I will be looking for signs of a bullish continuation. My stop would be below the recent swing low and I will at first, target 2.2700 with the potential to extend much higher. This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista
GBPNZD - waiting for bullish continuationWeekly - bullish Daily - bullish H4/H1 - waiting for a pullback and then some evidence of a bullish continuation. The area marked has been used a few times in the past. Also note that the 20ema will provide confluence to my bullish bias. This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista
Buy GBP/NZD Channel BreakoutThe GBP/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2.2053 2nd Support – 2.2132 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
12