Gbpnzdlong
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.98139 where it could potentially react off and up to 1st resistance at 2.00959.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD: "Come fly with me, we'll fly, we'll fly, away..."This is my swing analysis for GBPNZD.
I see a fantastic potential for a massive amount of pips to the upside.
Let's swing GN together team!!!
Who's patient enough to hold for 765 to 1,790 PIPERRONIES???
GBPNZD SUPPORTThis is a good example of using support to your advantage when trading.
If you look at the two highlighted areas at support price created bullish engulfing candles.
It was a matter of time before price was going to take off.
Finally price slow down giving some consolidation this could be a potential entry for a buy.
Been able to secured an overall of 160 pips with only risking 30 pips.
This is just an example of how you can support or resistance and candlestick structures when you maybe unsure about a trade.
GBPNZD reversed from resistance, potential drop!
GBPNZD reversed off its resistance at 2.01941 where it could potentially drop further to 2.00025.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Continuation | GBPAUDWe look to short to a minor support and wait for the market to break or loose momentum
GBP/NZD LONG set upentry 1 2.000
entry 2 1.990
sl 1.9800
tp.1 2.0100
tp.2 2.0260
tp.3 2.0300
tp.4 2.04000
Brief analysis of GBPNZD future marketSELL GBPNZD ENTER:2.0178 SL:2.0280 TP1:1.9400 TP2:1.9230-1.9040 (Average price 1.9200)
After GBPNZD completes its decline, it will resume its upward trend with a target of 2.2000
ANALYSIS ON GBPNZDANALYSIS ON GBPNZD
Welcome to my analysis
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4HR CHart
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Interesting Point of interest In the GBPNZD pair.
- Price above 200 day EMA.
- Expecting price drop before we go for the buy.
- Watch top for sell.
- expecting move to around 2.04500.
- STOCH RSI showing bearish divergence on other time frames
MAJOR REJECTION ( Head and Shoulders) | GBPNZDAs our overall analysis on the Daily is a Head and Shoulders, thus the market is rejection the Major Resistance meaning a loss of momentum for buyers
- We look for retraces to Sell and go long as it made a minor Head and Shoulders on 1HR
- Patience as we wait for the drop
GBPNZD Daily chart long set-upWe see a flag completion, so next step up is a long from $1.94 (approx) to $2.16 (approx).
GBPNZD on final phase!! Plan : 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 like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
Potential SELL on | GBPNZDCompleted Head and shoulders, Unless we see a reversal on daily its a sell at this point
- On the 1Hr we see a broken support retest as the market start to make LL's and LH's
Potential Head and Shoulders | GBPNZDThe market is in an interesting area where it can either lose momentum or consolidate before going to the downside
- Daily chart we see a form of Head and Shoulders [/b
- Our analysis isn't complete until we wait for the daily candle to close
- I will be updating with detailed Analysis
