GBPNZD Long 250+ PIPSFibonacci support hits and took off so pretty much HH and HL formed so looking for next HH now and going for buy/long at 1:2.
Gbpnzdlong
GBPNZD LONG 1H TF 1H TF: Double bottom on the 30 min tf & 1 hr tf. Let's see if price will break resistance to the upside and turn it to support. I'd expect a bullish run if that happens.
Indicators: RSI tested MA and might push to the upside.
MACD: EMA crossover to the upside.
GBPNZD SELL set up to 1.9842-1.9816GBPNZD SELL set up to 1.9842-1.9816, sl 1.9984
Technical setup is based on MACD divergence + Supply & Demand
gbpnzd 4h tfas you can see guys gbpnzd is stuck on a price channel zone and we expect him to keep going up
everything is clear and showing in the chart let's see what happens
GBPNZD - Expect retracement ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking longs, but for now I expect a retracement to till the imbalances lower. As well we have a normal divergence which indicates bearish price action.
Fundamental analysis: Wednesday on 5th of April will be released Official Cash Rate on NZD, which was forecasted to increase by 0.25%, this means strength in currency which could support our move.
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GBPNZDGBPNZD Long trade
GBPNZD Long trade with support and trend
GBPNZD Long trade with support and trend
Lower correction expected from GBPNZD.GBPNZD - 18h expiry - We look to Buy at 1.9550 (stop at 1.9450)
Previous support located at 1.9600.
Previous resistance located at 1.9650.
Broken out of the channel formation to the upside.
The correction lower is assessed as being complete.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.9650 will confirm the bullish momentum.
Our profit targets will be 1.9750 and 1.9800
Resistance: 1.9650 / 1.9750 / 1.9800
Support: 1.9600 / 1.9550 / 1.9500
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Follow the trendJust make sure to follow the trend. With a weekly that is bullish, and a visible daily trend-line, the best thing to do is wait for price to come to that trend-line. A good trade if we see rejection occurring on a lower time-frame.
GBPUSD road to 1.36 [BULLISH LONG TERM]Economic data: The UK has been releasing positive economic data lately, including an unchanged/lower unemployment rate, an increase in retail sales, and better-than-expected GDP growth. This has helped boost confidence in the UK economy and its currency.
Brexit: The uncertainty surrounding Brexit has largely dissipated, as the UK and EU have agreed on a trade deal. This has helped ease concerns about the impact of Brexit on the UK economy and the pound.
US political uncertainty: The US has been experiencing political turmoil this has led to concerns about the stability of the US government and its currency.
Overall, these factors suggest that the GBP/USD pair could continue to show strength in the near term. However, it's important to note that currency markets can be unpredictable, and there are always risks and uncertainties to consider when trading.
GBPNZD - Long active ✅Hello traders!
‼️ This is my perspective of GBPNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective as price forms higher highs and higher lows, so I am looking for longs. I expect bullish price action from this zone as price rejected from bullish order block + institutional big figure 1.94000.
Fundamental analysis: On Thursday 23rd of March we have news events on GBP. Bank of England planned to raise interest rate by 0,25% supported by a Press Conference. The raise of interest rate means strength of currency which could support our bullish price action.
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The pound rebounded as scheduled, can the bulls recover?On Wednesday (March 15), GBP/USD continued to fall by 0.85% to close at USD1.2056.The UBS incident has caused the market to worry about the state of the European banking system, because the impact of the collapse of Silicon Valley Bank, which is a major customer of technology companies in the United States, is accelerating.Credit Suisse's share price plunged by more than 30% at one point, after its largest investor said it could not provide the bank with more financial assistance.The stock's plunge led to a decline in the broader European banking stock index, triggering demand for safe-haven dollars and forcing investors to avoid high-risk currencies such as the British pound.However, the market believes that the eurozone market may be hit first, while the British market is slightly protected, so at this stage, the performance of the pound is slightly stronger than that of the euro.Subsequently, British Chancellor of the Exchequer Hunt announced a fiscal plan. Fiscal measures for this year and next two years will cost 94 billion pounds, demonstrating the British government's determination to boost economic growth and avoid recession.This has helped limit the decline of the pound to a certain extent.
On the trend of GBP/USD, it was mentioned in the article yesterday that if the 1.201 position can be supported, it is possible to carry out a short-cycle restorative rebound on this basis.It is currently trading near the level of 1.211.From this point of view, there is still strong support near the 1.201 level below, but the current trend is still volatile and the trend is not clear.The overall volatility range is still limited to between 1.1930-1.22.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
GBPNZD DAY TRADINGI am currently long on GN this morning, LDN session is open and the bullish engulfing is my confluence.. drop a comment if you are day trading GN.
GBPNZD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective of GBPNZD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. If price makes a retracement and fills the imbalance lower I will look to open a long position from bullish order block + institutional big figure 1.94000.
‼️Attention!!! Due to the fact that we have news events on GBP & NZD on Tuesday and Wednesday, the analysis can be invalidated.
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GBP rebounded strongly, beware of traps!GBP/USD
GBP/USD continued its technical correction rebound in the short period and climbed above 1.190.However, from the daily line, although GBP/USD has rebounded significantly, it is not enough to change the daily short trend, indicating that the overall trend of GBP/USD at a large level is still weak.In the 4-hour chart, the short-term sustained rebound caused the market to get rid of the weak downward channel and return to the previous level of the channel. Although it still belongs to the downward channel as a whole, the short-term weak market has been technically improved.
At present, there has been a decline in the rebound market, which proves that the upward momentum is gradually being consumed, but as long as it can be maintained at the position above 0.190, it is possible to challenge the position above 0.196. If 0.190 cannot be supported, the pair may fall again and touch the boundary position of the descending channel line.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
GBPUSD: Trade within this range
Currently, the market is still fluctuating within the support range, and overall it remains somewhat weak. However, there has been a significant decline recently, and regardless of the variety, it is almost certain that there will be a rebound after a major drop, with the difference being the size of the rebound.
Therefore, the current trading strategy is to go long at low levels and short at high levels.
Specific recommendations:
Buy in the 180-183 range and take profit at 1.192-1.196.
Short above 1.196 and take profit near 1.184.
GBPNZD - Bat Pattern OpportunityIf GBPNZD goes up from here it will likely trigger my bearish bat pattern limit order (see previous idea). However, if it falls from here it will trigger my bullish bat pattern limit order.
My back testing shows that these patterns are highly profitable on this pair. I enter with a limit order at the 88.6 retracement and take TP1 at the 38.2 retracement and TP2 at the 61.8 retracement.
If price moves against me I trail my take profit levels accordingly.
GBPNZD 01032023 Long long IdeaGBPNZD Long long Idea
The pair has tested the trend line both on Hourly and daily tfs and bouncing exactly from the trend line as well as RSI and other indicators are reflecting an expected bounce.
EP: Current Price
SL:1.91400
TP1: 1.94434
RRR: 2.32
GBP/NZD Long we have impulse wave then correction with hold price above a horizontal support then broke a simple trendline
GBPNZD - Bat Pattern Forming SOON!Bat patterns on GBPNZD are very profitable on the 4H timeframe.
- Entry: 1.96189
- Stop Loss: 1.97407
- TP1: 1.94499
- TP2: 1.93456
I have set a limit order at my entry price. If price moves against me I will trail my take profit levels in accordance with the 38.2 and 61.8 retracement levels from the low of the pattern to the current price level.
If the pattern is invalidated before hitting my entry limit order, I will delete the order.
Gbpusd strateji I expect the price to move to 1.33 after the bottom formation is completed around here.
GBPJPY longthe gbpusd has created a rally since the previous lows while creating a double bottom 'on higher TF' so now it is currently going sideway treen on thos lower timeframe in which its gonna break soon as it jump higher.
GBPUSD: Buy with a target of 1.213
From a technical perspective, the 4-hour triple bottom pattern has already emerged and has overcome the short-term pressure at 1.202. Currently, it is fluctuating within the range of 1.213-1.192.
The bullish strategy remains unchanged, with continued buying at lower levels.
The initial target is around 1.206, followed by 1.213. When the price approaches 1.213 again, I believe there is a high probability of a breakthrough after a long period of consolidation.
Therefore, I maintain the trading strategy of buying at lower levels.
I have profound knowledge and extensive trading experience in gold, crude oil, forex, cryptocurrency, and other markets. I am happy to share this with everyone and greatly appreciate your attention and support. If you have any questions, please leave a message in the comment section, and I will provide you with the most sincere and responsible solutions.
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