Gbpnzdsell
GBPNZD NEXT POSSIBILITY MOVE.In the name of Allah, the Most Gracious, the Most Merciful.
GBPNZD has just formed a flag pattern in daily time frame there is more chances to move market
upside so in 4 Hrs Time frame are just Analysis the falling wedge pattern there is more probability
to move the market as per explain on the chart.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.99376 where it could potentially react off and up to 1st resistance at 2.01667.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD 15MHello traders!
This is a Tag&Go setup short, a sell stop order,
set and forget style is right on the red line at
2.01241
The red circle is the stop and 1st and 2nd
targets are in green below.
There are two versions of this pair, one for the long side
which is already posted and one to the short side.
Best,
Jay
GBPNZD approaching support, potential for a further rise!
GBPNZD approaching support at 1.99260 where it could potentially rise further to 2.05590.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPNZD reversed from resistance, potential drop!
GBPNZD reversed off its resistance at 2.03165 where it could potentially drop further to 1.99262.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.99260 where it could potentially react off and up to 1st resistance at 2.05590.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPNZD reversed from resistance, potential drop!
GBPNZD reversed off its resistance at 2.03165 where it could potentially drop further to 1.99262.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPNZD SET A STAGE FOR A MAJOR SELL-OFFThe weekly chart above puts GBPNZD's entire decline since August 2015 in an Elliott Wave context. As visible, the currency pair spent almost 15 months to drew a textbook five-wave impulse. The pattern is labeled 1-2-3-4-5, where wave 1 unfolded as a leading diagonal, and five sub-waves of wave 3 and wave 5 are also visible.
According to the Elliott Wave theory, a three-wave correction follows every impulse. This means the overlapping bullish price action we saw in the last three years is hardly the start of a new uptrend. Instead, it is most likely a complex W-X-Y-X-Z triple three correction within the larger downtrend from 2015 high @ 2.5344.
Note how the resistance level discouraged the bulls in wave Z and also made a double top. This is another indication that the entire 5-3 wave cycle is complete. If this count is correct, we can expect the trend to resume in the direction of the impulsive sequence.
Furthermore, the sell-off is supposed to breach 2016 low, so targets below 1.67004 make sense for GBPNZD going forward.
Thanks for Reading!
Veejahbee.
UPDATE on GBPNZDThis is an update on the GBPNZD because of Brexit. previous idea didn't play out..non the less we continue to forecast as it created a rising wedge and if the 3rd touch confirms we go short..for those that trade support and resistance..there's a clear indication that previous high or resistance level is in play as well..happy trading..secure the bag