GBPNZD Buy Trade Opportunity (My View)Its Monday & Already The Markets Are In A Giving Mood... Trend Continuation With This Pair Offers AN Ideal Opportunity To Go Long... TP 1$2 Indicated By Dotted Lines & SL Indicated On The Chart Or You Can Yours At The Very Lowest Point of This Pair's Lat Move Down..
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Gbpnzdlong
GBPNZD - FOREX - 13. APR. 2021Welcome to our weekly trade setup ( GBPNZD )!
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1 HOUR
Pullback after bullish closure.
4 HOUR
Overall bullish market structure.
DAILY
Expecting more price action towards previous highs.
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FOREX SETUP
BUY GBPNZD
ENTRY LEVEL @ 1.95600
SL @ 1.94590
TP @ 1.97160
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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ALAN
GBPNZD (LONG TERM BUY IDEA)MY ANALYSIS > SRT , PRICE ACTION , INSTITUTIONAL ORDER BLOCKS AND FIB RETRACEMENT
MY PRICE PREDICTION FOR GBPNZD IS 2.00000 (LONG TERM BUY IDEA)
CURRENT MARKET IS IN A UPTREND MOVE SINCE DECEMBER 2020
GREEN DOWN ARROWS INDICATE POTENTIAL SELL OPPORTUNITIES.
RED UP ARROWS INDICATE POTENTIAL BUY OPPORTUNITIES.
DOUBLE TOP FORMED AT 1.98155
POTENTIAL BUY OPPORTUNITIES IS AT 1.93341 AND 1.95090
INSTITUTIONAL ORDER BLOCK LEVELS ARE 1.93341 – 1.95920 – 1.97219 – 1.99446.
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GBPNZD > Trading Plan for A Buy!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis up on #GBPNZD
Hello friends.
At support level also trend line support near 1.9500 phycological number.
Looking for a bullish behavior to get in a buy trade if the rules are met
Safe trading everyone
Check today analysis below⠀
>> One trade must not make you, one trade must not break you
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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
GBPNZD - Buy Entry - H4 Chart ??GBPNZD - Buy Entry - H4 Chart
One to watch 👍 Would need confirmation for entry.
Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance
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🔺 DISCLAIMER
🔺 The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
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Trade Idea GBP/NZDNoticed possible Cup & Handle formation on Daily chart of GBP/NZD. After finding resistance @1.9800 pair is moving down in channel that can be clearly seen on 4 hour chart. When pair falls bellow support level 1.9600, which is also 38.2% Fibonacci retracement of previous up move, I will be looking to buy pair on 50% of that same Fibonacci around 1.9500 area. Stop loss will be just bellow 78.6% and Take profit right bellow historic Support/Resistance line of 2.050, which gives 1:5 Risk to reward. Depth of Cup is some 200 pips more then my Take profit mark but so I money management will be applied as well in order to try and capture those pips as well is pair brakes S/R line.
GBPNZD long swing trade 3:3.34 RR high probability tradeConfluences:
-Price just broke out of the 4H consolidation area
-Personally now I'll wait for price to come back to retest the consolidation area
-For an aggressive entry: I'll put a buy limit at the top of the consolidation area
-For a safer entry: I'll put a buy stop when I see signs of rejection and continuation to the upside
Additionally the weekly closed very bullish, and the consolidation happened at a quarter level, giving me a high conviction on this trade. However there is always the risk of a fake breakout so be wary.
What do you guys think?
GBPNZD is facing bullish pressure | 24 Mar 2021Prices are facing bullish pressure from pivot level which is in line with 50% Fibonacci retracement and 100% Fibonacci extension . Prices might push up towards 1st support which is in line with -27.2% Fibonacci retracement and 127.2% Fibonacci extension . If prices fall through pivot level, prices might take support on 1st support which is in line with 38.2% Fibonacci retracement level. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
GBPNZD is facing bullish pressure | 24 Mar 2021Prices are facing bullish pressure from pivot level which is in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards 1st support which is in line with -27.2% Fibonacci retracement and 127.2% Fibonacci extension. If prices fall through pivot level, prices might take support on 1st support which is in line with 38.2% Fibonacci retracement level. Ichimoku cloud is also below prices, showing a bullish pressure for prices.