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Gbpnzdlong

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
Long
by HayatoDragonFX
1
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
Long
by FXtrades-gp
18
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. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
Long
by Rapid-Trading-LTD
2
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 ! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
8