Gbpnzdlong
GBPNZD updatePreviously, I have published idea thank you can see below this chart
Although NZD is strong, it's still a little bit weaker than GBP. The rising widge on daily and H4 time frames shows the possibility of breakout this week
GBP/NZD Breaking OutThis now looks to be breaking above resistance. I said this was happening a couple of days ago but I jumped the gun slightly, hopefully if you opened the trade then you are still in. Now want to see this stabilise above resistance and possibly retrace to test it as support. If you are not in this trade then I suggest waiting for a retrace to support before longing.
Could see some resistance at 1.93237, but target is 1.98013
Providing we see this close above resistance and support holding on a retrace then SL can be around 1.90600
GBP/NZD - £ Has MomentumGBP is looking very strong and I expect it to push higher. Price on this is currently at resistance but with the momentum this should go straight through it. I have set 2 take profits as I am ultimately aiming for TP 2 but TP 1 allows for exiting the trade and re-entering after a retracement.
GBPNZD, daily tf, 10-months descending trendline breakoutHello my friends,
Another pair to trade for today is GBPNZD.
You can see price finally broken above the 10-months descending trend line which has acted as resistance.
This could become the beginning for GBPNZD to begin it's journey to the upside.
On the way up, i will look to add more position as price making a continuation pattern.
Buy GBPNZD 1.9050
Stop loss 1.8850
Take profit 2.0270 (6.1R)
Use only 1-2% risk
Good luck
GBPNZD - Resistance WipeIf you look to the arrow marked you will notice a purge of support, we are now looking to purge the resistance.
ideally, I would like to see a slight pullback to the most recent structure before upside continuation to the liquidity.
Update on GBPNZD LONG
This is an update from a previous analysis i posted on Dec. 12, 2020
Everything is playing out the way I anticipated.
Check Previous analysis below.
GBPNZD: The price is getting a NEW BULLISH IMPULSE!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
GBP/NZD
⚪ Technical Analysis :
Since the 13th of January 2021, the price has been moving with a clear side trend, bouncing up and down between the resistance level at about 1.92000 and the weekly support level at about 1.89100.
It is currently re-testing the strong support level, that rejected the price many times in the past and the next price action around that area will be essential to understand the next market movement.
🔴 Conclusion :
The price has just broken its ema 200, but still moving between its S/R zones, the price is overbought and in high volatility just around the support level at about 1.89100.
I'm confident to see the price getting another bullish impulse and I'll be waiting for a clear rejection on the current level before planning the long position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
GBPNZD, Strong Price Rejection, LongGBPNZD, Strong Price Rejection due to strong significant Support!
GBPNZD Swing Buy Plan, Entry details on the chartHey traders, here is the analysis for the GBPNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBPNZD / SHORTPrice appears to be retesting resistance, once price enters that zone i will be looking to short this pair
GBPNZD - buy zone Preconditions:
- accumulation
- key level
- false break out
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GBPNZD Swing Buy Idea, Entry details on the chartHey traders, here is the analysis for the GBPNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBPNZD-- Lets Going Buy __ Don't Miss ThisDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
GBPNZD 15M TimeFrame Powerful ForecastAs we can see we are inside a consolidation zone. Inside in this area we have noticed that we have formed a strong trendline that represents support, and we have broken this support after 7 hours of trying.
Now we will wait for the retest of this Support which is now resistance and again the Bearish movement until the touch of our Target.
GBPNZD Buy Idea, Entry details on the chartHey traders, here is the buy idea for GBPNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBPNZD 3rd TL TEST As we can see upper trendline channel, resistence level etc. so we are expecting a reversal near resistence.
GBPNZD, Respecting two strong trend line, LongGBPNZD, Respecting two strong trend line and retesting strong Support! Watch out Friends!
GBPNZD ANALYSISOn the chart a double bottom, channel break is expected.
Targets are given in 3 parts as short and long.
Good luck...
