Gbpnzdlong
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
GBPNZD Opportunities ( I WISH YOU COULD ALL KNOW THIS) GBPNZD will go bullish after a retest, So here we have 2 opportunities which are SELLING and BUYING however it is always a good idea to catch overall market direction opportunities, Generally we will take buys because the market has already tested the support and it is looking forward to test the resistance
GBPNZD - SWING - 21. DECE. 2020Welcome to our weekly trade setup ( GBPNZD )!
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1 HOUR
Bullish closure above main sr level.
4 HOUR
Sideways market structure, about to rise!
DAILY
Overall bullish market about to push up.
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FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.88830
SL @ 1.87720
TP @ 1.90540
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPNZD uptrend setupprice direction: UPTREND
potential target price: 1.9086
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
GBPNZD – Change to bullish phase to happen soon ?GBPNZD sit at the bottom of HTF Falling Wedge pattern right now and it got a little rejected.
I’m expecting this little rejection to continue for a while before forming a bullish continuation pattern. A break from this bullish continuation pattern will be enough to confirm the upcoming bullish move and will trigger my buy entry.
Lets see how will this pair develop. Good Luck..
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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GBPNZD -3rd attempt to flyFurther to our previous idea, this is one of the assets that from our technical analysis shows great potential to rise, yet fundamentally it is not the strongest of trades.
From our experience we prefer to believe the chart than listen to the noise.
3rd attempt can be the one.. let's see what happens now