Trading Idea Regarding GBPNZDI try to make Every thing Simple and Self explanatory in The Chart. Thank you for Watching My Trading Idea.
Gbpnzdlong
GBPNZD GBPNZD :
ANALYSIS :
IF THE NEXT 1D CANDLE APPEARS TO BE GREEN THEN GO FOR A BUY OR IF IT IS RED GO FOR A SELL,
THE RESPECTIVE TP'S ARE GIVEN , THE STOP LOSS IS ON YOU , MY SUGGESTION IS ONCE YOU DECIDE BUY OR SELL THEN KEEP 5 PIPS ABOVE OR BELOW THE PRESENT 1DAY RED CANDLE.
uptrend continuation or breakdown with poundthis is a low risk setup. DXY needs correction, Pound needs a breath, NZD showed weakness. current price has just rose after breifly touched below the lower side of the uptrend channel, so I'm biased that the price will continue to rise. Immediate target is 1.9823, after which I will trail it.
GBPNZD TRADE ANAYLSIS, CORRECTION OF LAST NIGHTS ANALYSISTHIS PAIR IS STILL BULLISH, WAITING FOR A PULLBACK THEN TAKING IT ALL THE WAY. MADE AN ERROR ON LAST NIGHTS ANALYSIS. DID NOT DO MY DUE DILIGENCE
GBPNZD Swing Buy Analysis, Entry details on the chartHey traders, here is the analysis for the GBPNZD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
GBPNZD IdeaG'day Guys. How's going?
Let's get some trading idea today.
We looking for Buy today. For this pair, in the Daily time-frame perspective, this pair still heading up to uptrend but was blocked by a strong resistance level.
We still positive this pair heading up due to the market structure which in an Hourly time frame which is clearly showing the movement, there will be 2 levels or entries that we going to enter before deciding on selling this pair after a certain level broke.
Let see what happen next.
Proposed long GBPNZDAfter establishing a double bottom at 1.92 and then a double top around 1.98, this pair is staring to develop some momentum to the up side. Not the cleanest of charts, but for the most part, the pair is respecting support/resistance areas. I am looking for a pull back to the 1.975 area to take a long. EURNZD also looks similar but the next resistance is closer, so prefer this one.
I would love get your thoughts on this.
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GBPNZD Long Initiated on 4 HourSuccessful break and retest or the sloping trendline.
2nd Long initiated at 1.9749.
SL 1.9749
TP 1.9813
R:R - 1:2
GBPNZD Long - Inverted H&S as well as Cup & Handle formationLast week GBPNZD closed above 1.97 neckline of an inverted Head & Shoulder as well as Cup & handle formation.(Watch the weekly close).
Price is very bullish on both monthly & weekly.
Initiated a long at 1.9725 and SL below 1.96. Will add to the position. See the updated 4 hourly Chart below.
Measured target profit is 2.1 (YES, you read is correct and its over 1000 pips).
However, strong resistance at 2.038 and worth taking some profit there.
Good luck.
GBP/NZD Potential Upward Movement 🚀 Technical Analysis:
The price left a double bottom which indicates a reversal, the market moved to the upside in an aggressive way. It managed to break the daily resistance (now support). A lower correction might be seen to the highlighted zone before another rally.
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Trade Idea:
Buy Limit Order @ 1.9682
Take Profit @ 1.9755
Stop Loss @ 1.9646
Trade Safely 🙂
GBPNZD (Bullish)First we identify the lower highs (LH) and the higher highs (HH). Perdicting that price will retrace at this point.
GBPNZD Long Analysis Hey traders, here is the analysis for the EURUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
GBPNZD-Long#GBPNZD market has hit support and now reverting. So the market is going to buy up to a strong resistance level.
GBP/NZD Long 27/05/2021Divergence on 1hr, oversold on 4Hr. bullish engulfing, waiting on break of resistance to go long to correct some of the move down.
GBPNZD approaching ascending trendline! Potential for a bounce!Price is facing bullish pressure as it continues to hold above the ascending trendline and Ichimoku cloud support, in line with our bullish bias. We could potentially see a bounce at 1st support, which is in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support, and further upside towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPNZDHello fellow traders, if you like the idea, do not forget to support with a like and follow.
DISCLAIMER
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Forex trading and trading in other leveraged products involve a significant level of risk and are not suitable for all investors.
THIS IS NOT IN ANYWAY AN INVESTMENT ADVICE! DO YOUR OWN DUE DILIGENCE BEFORE TAKING ANY TRADE.
