GBPNZD LONGif we see rejection from the pink zone given on the 5 min and 15 min time frame take longs to profit zones given, if there is no rejection this set up is invaild
DAY TRADE
Gbpnzdlong
GBPNZD - BUY 4HOUR-TIMEFRAMEAnalysis-
1. BREAK OF DESCENDING TRENDLINE
2. RETEST OF DESCENDING TRENDLINE
3. BULLISH PIN BAR FORMATION CONFIRMATION
GBPNZD. Will the price reach the target of 2.10000?Hello dear subscribers!
The pound price will rise higher to its target,
because we can see on this chart that the price was at the support level in the summer,
while an uptrend was traced,
which allowed the price to achieve such results.
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This idea does not provide the financial advice.
GBPNZD LONG longs from pink box zone given await rejection then enter, if it doesn't reject this trade set up is then invalid
GBP/NZDResistance not broken on H1 and there's an ascending channel on H1 but this most likely will be broken.
Also, we can see a Double Top forming after the retrace and this pair may go down for another 400-500 pips
GBPNZD IDEAYou can use this channels and fibo 0.618 level , first sell top of the channel then we will looking for buy opportunity
GBPNZD BUY IDEAWe will buy from the bottom of the channel and our target will be the top of the channel. If the top of the channel breaks, we expect it to rise to 0.618 fibo level.
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Two possible scenarios for GBPNZD next week.. On screen analysisWe are in the middle of a pandemic right now with everything that is going on with the Corona virus. It seems to me that Australia and New Sealand were hit hard economically and will be in the next few weeks. My eyes will be on a long trade to the same level of the spike on March 8 which is a Monthly support and resistance level @2.17
On the other hand there could be a big change of events which could lead to a decline in value of the British Pound. Therefor we will first see a clear break of the recent Up trend and probably support turning in to resistance @2.02. When this happens my target will be 1.94 in a short trade.
Trade with care and caution! I will keep you posted on this one.
GBPNZD--M15--Long ForecastCreate a triangle pattern.
In long timeframe already break the trendline and retest previous resistance as a support...
So hope will BUY...
GBPNZD long trade ideaPlan : wait for 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.
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GWBFX
BEAR Momentum | GBPNZDWeekly - We see a huge exhaustion which means an Impulse buyers were too weak so sellers push the momentum down
Daily - There was a major consolidation before breaking out with a bearish candle after a false breakout candle
4Hr - Market makes LH's with a breakout of the Major support
How to enter - We look for retracement on the Major support broken to catch a sell to the downside (Major move)
GBPNZD can continue to go upGBPNZD seems to be finding some support in the 2.04 area. So, if today's market is being driven by risk-off flows, GBPNZD can continue to go up from its current level of 2.0470.
Potential profit levels could be 2.06, 2.08 and 2.10
GBPNZD Weekly ForeacastThe GBPNZD still going strong uptrend for the pass 2 weeks . i'm going to add on more order if this pair do a slightly pullback to the nearest support or continue to buy at breakout to the upside!
GBPNZD potential bounce!
GBPNZD expected to reverse up to 1st support at 2.03525 where it could potentially react and bounce to its resistance at 1st resistance at 2.04064.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD should go long after breakout of descending wedgeGBPNZD is right now in ascending channel. After correction (descending wedge), the pair should go up. The pair is also near Fibo retracement level.
GBPNZD - LONGGBPNZD - LONG
-waiting on correct entry confirmations
-looking to take a long position around the mapped zone
trade with caution
