GBPNZD - Looking To Buy Pullbacks In The Short TermH1 - Bullish trend pattern
Currently it looks like a pullback is happening
Until the strong support zone holds my short term view remains bullish here.
Gbpnzdprediction
GBPNZD Short Term Buy IdeaH4 - Bullish trend pattern followed by a pullback
Price respected a strong support zone and bouncing higher
Until this strong support zone holds my short term view remains bullish here.
GBPNZD Short Term Buy IdeaD1 - Price is bouncing higher from a strong support zone
Bullish divergence
H4 - Price is currently moving inside a range.
A valid breakout above the top of the range would be the validation for this bullish view
Alternatively if we get a valid breakout below the bottom of the range then this bullish view
will be invalidated
GBPNZD - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern.
Strong bearish momentum.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
GBPNZD Short Term Sell IdeaH1 - Strong bearish momentum.
Currently it looks like a pullback is happening.
No opposite signs.
Expecting the price to move lower further in the short term after pullbacks until the strong resistance zone holds.
GPBNZD possible short for 1.88701.9520 strong resistance broke on 22nd & 28th February but not able to sustain price higher and closed below 1.9520 that is indication as a fake breakout. 28th daily key reversal bar made a new high closed on the low indication for weakness for coming days. 1st March daily insurance bar confirms further weakness ahead. target is 1.8870.
GBPNZD possible long for 1.95509th & 18th January daily key reversal bars dictating strength ahead for several days even weeks as well. 1.9100-9060 demand zone for long, stop loss 1.8950, medium term target: 1.9490. longer term target: 1.9550.
GBPNZD possible for 1.881018th August key reversal within the trend formed, made a new high closed on the low. 1.8950 initial support need to break for target 1.8810. better wait for retracement to short it.
GBPNZD possible short for 1.8860#gbpnzd, 1st July daily key reversal bar indication for weakness ahead. 5th July daily insurance bar further confirmation for weakness in future. weekly chart did not breach high of last week since last three weeks. Resistance levels for short 1.9390, 1.9425 and last one 1.9480 for target 1.8860. stop loss above 1.9500.
GBPNZD probability long for 1.9620 even1.9740#gbpnzd, weekly chart forming higher high and higher low, while friday bar is key reversal bar for short but 1.9370-25 strong demand zone for long. have a patience wait for 1.9370 & 1.9325 demand zone for long trade for target 1.9620. If breaks 1.9620 then next possible target 1.9740.
GBPNZ Probability long for 1.9630#gbpnzd, 1.9370-25 Demand zone for long target 1.9630. if price fails to hold 1.9370-25 Demand zone then next possible zone for long 1.9290 for long again.
GBPNZD analysis for short 1.9120gbpnzd inside bar , professionals reducing long in gbp, 1.9225 support need to break for further weakness. 1.9330 & 1.9380 supply zone for short.
GBPNZD possible target 1.9450professionals increasing gbp long positions since last few weeks, professionals increased 7% long positions by last four weeks, while reduced 3% shorts positions in nzd. split your position by dividing half risk each with following levels, 1.9180 and 1.9105 for target 1.9450.
