GBPNZD, Strong Price Rejection, LongGBPNZD, Strong Price Rejection due to strong significant Support!
Gbpnzdlong
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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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...
GBPNZD: The price is REACHING an Important RESISTANCE LEVELHi 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 :
Let's start with the weekly perspective, since the end of March 2020, the price has been following a strong downtrend, moving the market inside a clear falling wedge pattern.
The 7th of December the price reached an important historical trendline, getting a clear rejection.
In the daily perspective the price has been moving with a strong downtrend, got a rejection on the level at about 1.85189 and today it's just reached the dynamic weekly falling wedge's resistance.
In the h4 perspective, since December the price has been moving following the secondary trendline, in fact we can properly see many rejections on this dynamic level, though it got a temporary breakout on the 5th of January.
The price is actually reaching the historical dynamic resistance and also an important strong S/R zone.
The next price action around this area will be essential to understand the next market movement.
🔴 Conclusion : ❌
Once the price got its last rejection on the main trendline, it's not been able to retest the same level, that could be an interesting sign of weakness.
I'm confident to see the price to break the weekly pattern and continue its uptrend after eventually a period of consolidation.
My long target is the next resistance level at about 1.93218 but I don't suggest to open any position right now!
Stay tuned for Updates and Trading Signals !
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Trade Safe and Responsibly ,
Gianni
GBPNZD TL RETESTAs we can see near resistence level MARKET is making a divergence for bearish movement.
If market confirm its Divergence then we fill find a short term bearish movement in this PAIR.
after this we will fine a reversal move for bullish trend near its support and TL
GBPNZD (REACT DONT PREDICT)GBPNZD has already tested the strong level of support form the weekly perspective so we anticipate price to shoot up, now going down on the h4 time frame we can see a break of structure for potential upside movement ( BUYING AFTER RETEST) But before that GBPNZD has also give us a sell setup because it is on the Trendline RESISTANCE Let's eat the pips
GBP/NZD LONG I can see that the price has broken the green trend line forming a reversal and heading in an uptrend.
After the reversal the price creates a new ascending channel respecting the purple trend lines as we can see that the price has interacted with the trend line by golden ellipses.
In the 4 hourly time frame i can see a double bottom pattern forming indicating that the price would increase, potentially breaking the resistance that it has tested twice so far whilst respecting the uptrend.
I expect the price to increase until the intersection between the black and pink trend line that has been drawn a while ago
📢GBP/NZD Long opportunity intraday setup 😎This pair has broken trend with an impulsive move higher, waiting on a pull back to jump in, I have another 6 pairs on the watchlist all in a similar situation 😎👍
GBPNZD ( LET'S KILL THE BROKERS)GBPNZD LOOKING FOR BUYING BECAUSE THE MARKET HAS REJECTED THE SUPPORT
