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Gbpnzdlong

established new uptrend in lower timefram Let's analyze the GBP/NZD chart. 1. Currency Pair: The chart represents the GBP/NZD (British Pound/New Zealand Dollar) currency pair. 2. Time Frame: The chart is based on a 4-hour time frame. 3. Technical Analysis: - Descending Channel: The chart shows a descending channel pattern. This pattern is formed by two parallel downward-sloping trendlines connecting lower highs and lower lows. It indicates a bearish trend. - Support and Resistance: Horizontal lines mark specific price levels, which may act as support or resistance areas. These levels are crucial for traders. - Short-Term Support: Inside the larger channel, there's an upward-sloping trendline acting as short-term support for the price. 4. Trading Implications: Traders interested in GBP/NZD can use this analysis to identify potential entry and exit points based on the observed patterns. Remember that this is just a technical analysis, and other factors (fundamental analysis, geopolitical events, etc.) can also impact currency pairs. Always consider a holistic approach when making trading decisions. 📈💡
Long
by THE-10
GBPNZD - Bullish Harmonic Pattern FormationThe GBPNZD currency pair is currently forming a Bullish Harmonic Pattern, specifically an XABCD pattern. This is a key indication of potential bullish reversal trends, particularly as the price approaches the D point. In harmonic patterns, Point D is known as the Potential Reversal Zone (PRZ), where we often anticipate a significant price reaction. Confluence of Support Levels: Point D not only signifies the completion of the harmonic pattern but also aligns with a critical support area. This confluence of factors enhances the probability of a bullish reversal. Additionally, the 4-hour trend line intersects at Point D, adding another layer of confirmation to our bullish outlook. This confluence provides a robust foundation for our bullish bias. Entry, Stop Loss, and Take Profit Levels: Given the analysis, our strategy involves taking a long position at the PRZ. Entry Point: 2.07390 Stop Loss: 2.06732 Take Profit Levels: TP-1: 2.08048 TP-2: 2.08706 TP-3: 2.09365 These take-profit levels have been strategically placed to capture potential gains at various stages of the anticipated bullish trend. The first target (TP-1) is modest, allowing us to secure initial profits. Subsequent targets (TP-2 and TP-3) aim to capitalize on extended bullish movements. Conclusion: The alignment of the Bullish Harmonic Pattern's Point D with a key support area and the 4-hour trend line provides a high-confidence setup for a bullish reversal in GBPNZD. By entering at 2.07390 with a stop loss at 2.06732, we mitigate risk while positioning ourselves to benefit from the expected upward trend. Our take-profit levels at 2.08048, 2.08706, and 2.09365 allow for a structured approach to capturing gains as the market moves in our favor. This analysis underscores a well-rounded technical setup that aligns multiple indicators, increasing the probability of a successful trade.
Long
by trading_jupiter
2
GBPNZD Long Trade Setup A #long trade opportunity recently presented itself on the #poundkiwi (#GBPNZD) #trading chart 📈. This is indicated by the #bullish engulfing candlestick 🕯️ pattern on the 2.08563 horizontal support level. This indicates a fakeout (fake breakout) of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy). Sufficient upward momentum should see price rallying towards the 2.11500 psychological level and possibly testing the strength of the 2.11884 horizontal resistance level. As always, please apply appropriate risk management. Happy trading! #crosspair
Long
by charles-okoukoni
1
GBPNZD - Bullish Momentum Expected from Key Support LevelGBPNZD is currently forming a Harmonic Pattern (XABCD) along with a Trendline on the 4-hour time frame. This pattern indicates potential price reversals or continuations based on Fibonacci levels. Point D of the pattern is situated at a key Support level, suggesting a possible bullish momentum. Entry and Stop Loss: Based on the analysis, the entry point is identified at 2.09390, with a stop loss set at 2.08300 to manage risk in case of unexpected market movements. Take Profit Targets: Three take profit targets are proposed: TP-1: 2.10480 TP-2: 2.11557 TP-3: 2.12660 These targets are strategically placed to capture potential price movements in the bullish direction. Conclusion: Considering the Harmonic Pattern formation, trendline support, and key support level at Point D, the analysis suggests a bullish bias for GBPNZD. However, traders should closely monitor the price action and adjust their positions accordingly as the market evolves.
Long
by trading_jupiter
6
GBPNZD - Bearish price action ✅Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price rejected perfectly for trendline + liquidity zone. Fundamental news: Upcoming week on Wednesday we will see result of Unemployment Rate on NZD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
GBPNZD I Correction almost completed and more potential growthWelcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
GBPNZD Long TradeMARKET PHASE OANDA:GBPNZD is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break lows within the corrective structure until it began to hold the bottom. There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has now started it’s initial move up but due to the velocity of the upward move, it's gapped orders around 168.624. Price has retraced back to this level to meet the demand, we can now expect a strong push upwards in the direction of the larger trend. TRADE I've entered my long position on OANDA:GBPNZD as follows: Buy Limit: 2.10254 Stop Loss: 2.10099 Take Profit: 2.10564 RISK MANAGEMENT R Ratio: 2 Equity at stake: 1% Trail SL to 50% @ 1R Profit
Long
by Mankz
More Momentum Ahead in NZD Forex Pairs?After scanning the FX crosses, I'm interested in pursuing trade setups on a few NZD crosses. The NZD crosses have had strong momentum. Until the weekly charts tell me this momentum is fading, I'm going to look to trade this strength. Essentially I'm looking for trade setups to trade into the PWL/PWH (depending on the cross). I need to see H4 levels respected to then confirm looking for a strong M15 displacement shift to base an entry from.
by Tradius_Trades
Buy GBP/NZD Bullish ChannelThe GBP/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position around the current price of 2.0785, positioned close to the channel support. This offers an entry point near potential buying pressure. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 2.0868 and 2.0906. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the channel, ideally around 2.0735. This helps limit potential losses if the price unexpectedly breaks down and invalidates the bullish pattern. Thank you.
Long
by KABHI_TA_TRADING
1
Buy GBPNZD Bullish PennantThe GBP/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish pennant pattern. This pattern often suggests a continuation of an uptrend, potentially leading to further advances in the coming minutes or hours. Key Point s: Recent Price Action: The recent price action shows the price holding above the support line of the pennant, indicating continued bullish momentum. Buy Entry: Consider entering a long position around the current price of 2.0740, positioned near the support line of the pennant. This offers an entry point close to potential buying pressure. Target Levels: Initial bullish targets lie at the following levels: 2.0900: This represents the height of the pennant, measured from the top to the bottom of the pennant, projected upwards from the breakout point. 2.1000: This is achieved by adding the height of the pennant to the breakout point (which coincides with the support line in this case). These targets act as potential resistance zones that could see buying pressure. Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the pennant, ideally around 2.0660. This helps limit potential losses if the price breaks down and invalidates the bullish pattern. Thank you
Long
by KABHI_TA_TRADING
13