Kiwi Fighting Back? - Ichimoku GBP/NZD Sell SetupThe Kiwi finally started showing some bite last week as this pair dropped down and through the kumo. I am looking to see if that trend will now continue. I would like to see a re-test of the kumo and a good rejection to enter a sell. If we can get that drawback and sell entry then we still have some good price structure to aim for down below. If we fail to get a drawback for a good entry, we could alternatively enter below the recent price structure lows should we piece that level as well. If we fail to fulfill either of those scenarios, this setup may become invalidated.
Gbpnzdsell
GBPNZD Strength DecreasingGBPNZD has printed a bearish rejection candle. There seems to be a slowdown in volatility. If price can break this trend line and retest it we will see price take back down to the previous low at 1.84000. If price continues its bullish momentum, price can potentially push up into the next zone between 1.97000- 1.98000.
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GBPNZD 4H CHANNEL! MAJOR ALERT!Price of GBPNZD has currently been travelling in an ascending channel. There is a minor support trendline marked out in a thinner black line inside the the channel. Price just recently broke below this line indicating a drop down to the bottom of the major channel like it previously has.
We sent this trade out to our FREE signal members on the entry of the chart! TALK ABOUT SWING TRADING!
#GBPNZD A simple signal...Excellent entry price because we are close to resistance and as long as the gbpnzd does not break the resistance or support we will try to earn as much as possible from the remaining gbpnzd in a certain range.
Sell GBPNZD:
Entry Price:1.9395
Take Profit: 1.9065
stop Loss:1.9470
GBPNZD Multi Harmonic Pattern Analysis and StrategyWe see the formation of a harmonic butterfly pattern (blue) and the completion of an ab=cd pattern on the 4 hr chart. The completion of the ab=cd pattern signaled us to sell the pair and our strategy is to trade the 4th leg of the butterfly pattern . Price action has already stated confirming our strategy since we initiated the position.
GBPNZD - WEEKLY SWING - 12. MAR. 2019WELCOME TO DACAPITAL-TRADING!
GBPNZD FOREX BREAKDOWN 12 MAR 2019
1 HOUR
Strong pullback towards our range resistance
4 HOUR
Price could hold below our resistance and sl level
DAILY
Bearish market with pullbacks, good entrys now!
LEVELS
SELL GBPNZD
ENTRY @ 1.93060
SL @ 1.94500 (145 Pips)
TP @ 1.91400 (165 Pips)
RR: 1.15, use half of normal risk!
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
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GBPNZD Trade ideaThere was a false breakout above the resistance level at 1.93982 so I have been waiting for a short signal which has been completed.
Notice the bearish engulfing candle pattern that has printed and pulled price back below the resistance level? Thats the signal...
Shorting at market price 1.93895 with
Stop loss placed just above the bearish engulfing pattern at 1.95256 and
Take profit lower down at the previous swing low @ 1.90016
As usual don't bet the farm and always exercise healthy risk management :)