Gbpnzdlong
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 giving us a SHORT ENTRYAs we can see, the value has retested a point 3 in the downtrend and is now falling without any other retest and in a really hard way, so this is our confirmation to enter in the operation, our first TP could be in the weekly KL and the second one will be in the monthly KL.
Further GBP Push? - GBP/NZD Ichimoku Drawback SetupThis pair steadily rose last week forming some new price structure support along the way. We are currently in a drawback testing that support and i am looking for a chance to get long if we show signs of that support holding. I've drawn a potential buy entry I'm watching at our kijun sen and a previous structure support level. If we form a support candle or show signs of that support holding, I will get long. I've drawn out my target which is our recent price structure high, as well as a few partial profit levels to aim for along the way. If we fail to get a further drawback, or if support doesn't hold, this setup may become invalidated.
GBPNZD. Will the price go up?Hello dear subscribers!
About 10 days ago, the price rose due to the support level,
which is at 2.00000. Having reached a key level,
the price has risen even higher and is already striving for its target!
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.