GBPNZD H1 LONG PRICE ACTION FORECAST The price action in this pair has experienced strong bearish momentum in the H1 timeframe; after reaching the strong support level from D1 domain, it is expected to suffer a pullback before continuing its downward movement.
The order:
Type: buy-stop
S/L: 31 pips - R:R | 1:3 -
T/P: target the golden Fibonacci level
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Gbpnzdlong
GBPNZD BUYGBPNZD BUY NOW
TP 1.92715
TP 1.93595
TP 1.94800
SL 1.91000 (100 Pips) We can see market rejected going into a bearish run various times and we also confirm that on the fact it's currently respecting our support, we also see the engulfing bullish candle which adds extra confluence to our trade. SL is placed below a key level of support in case of a reversal. Always use proper risk💯💯
GBPNZD BUYFREE SIGNAL
GBPNZD BUY 1.0684
TP 1.95665
TP 1.96459
TP 1.98000
SL 1.94076 (98 Pips) We can see market is setting itself up to a Inverse H&S pattern, we also see the engulfing bullish candle which adds extra confluence to our trade. SL is placed below a key level of support in case of a reversal. Always use proper risk💯💯
GBPNZD BUY TRADE SETUP FOR INTRADAY.Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
GBPNZD - SWING - 24. JUNE. 2020Welcome to our weekly trade setup ( GBPNZD )!
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1 HOUR
Bullish price action and closure above main sr level.
4 HOUR
Overall market turning bullish right now, good long entries!
DAILY
Expecting another push to the upside.
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FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.93620
SL @ 1.92190
TP @ 1.95550
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 long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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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GWBFX