GBPNZD Sell trade opportunitiesGBPNZD Sell trade opportunities
GBPNZD was running bullish trend very long time now it’s have break support area and again retest resistance and have more confirmation bearish trend
Gbpnzdshort
GBPNZD Short OpportunityMarket Structure is KING!
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Here is my analysis for GBPNZD for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next support area .
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND? Market structure will give you direction.
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
Short GBPNZD - Long term tradePrice has respected a major resistance zone rejecting from 2.04700 whilst Stoch was overbought and crossing. Price will be heading down towards a major support trend line that has been respected since December 2018! Price has been rejected from this ascending trend line 4 times.
GBPNZD | Breakout from Distribution
GBPNZD has been in distribution phase and has given a breakout from the box. We are expecting a good bearish spell in the making. One can adopt sell on strength strategy on it.
Alternatively, breaking above the distribution box will call back the bulls in the party and we can see ATH from there on.
Trade your levels accordingly.
A Sell For GBPNZD. Do you want to see? This pair has been creating swing lower highs and lows on the 4 hour timeframe. If price can stay below the lower high this can be a great quick sell opportunity.
GBPNZD | Range Break?GBPNZD is trading in a range and coming to the support of range. The price action is forming distribution on the top and this is likely the start of bearsish spell.
We are expecting bears to be active and drag the price atleast 80 to 100 pips after the range break.
Trade your levels accordingly.
GBPNZDHey Traders, we are looking for a sell opportunity around 2.0530 zone. Once we receive any beaish confirmation the trade will be executed.
GBPNZD DReaching a strong resistance zone.
This pair has created an M pattern or what appears to be a head and shoulders pattern.
I see a trend break, broken ascending
triangle.
we should be clear for a drop in my opinion......
GBPNZD SHORT.Other timeframe players have stepped in and take short this pair. As we can say it is a potential down trend and is about to start. 2.01319 is my first short target. When the price reaches there I would check the price action for further entries. Best of Luck!
GBPNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPNZD Distribution short target 2.0270#GBPNZD, pair strong in uptrend. daily inside bars and key reversal bar dictating distribution starting for short. 2.0450-.0500 supply zone for short, stop loss 2.0550 and target 2.0270.
GBPNZD ShortPrice has been bullish for several days. We have spotted the first signs of price exhaustion which signals a potential bearish correction.
We currently are waiting for price to create and intraday bullish correction and enter on the retest of the higher time frame key level before entering short.
Risk Reward for the trade is a potential 7.28 to 1.
Lets keep our charts simple as less is more.
GBPNZD Sell ideanow we can enter a short position the market has confirmed the break of our trendline and in the same time the fib retracement and now it retested the trendline so we will enter a short position on H4 timeframe
good luck
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GBPNZD Sell trade opportunitiesGBPNZD Sell trade opportunities
price is currently running on accumulation zone. I expect that its break on down side and move to next support. When its breakout support level then take a trade
'Always trade with Stop Loss'
GBPNZD Falling..Don't forget to Click on the follow button for more Daily Detailed Analysis. Please do ask any questions in the comments section should you have them!
We previously looked at the GBPNZD short as we touched on previous price rejection zones. We are now seeing a strong fall away from these zones as sellers move in.
We are very far off our Moving averages (High Price) and therefore have a short bias,
We can look for an exit to the south side at comfortable support nearer Key MA's. (eclipse symbol area).
GBPNZD | Breaking TrendlineGBPNZD has broken the rising trendline, the next support it will find on mentioned horizontal level. One can adopt sell on strength strategy on this pair with stoploss on top of distribution phase.
Trade your levels accordingly.
Sell the Correction after Breakout!Hi Traders,
GBPNZD has been shaping up for a short position. As you can see we got a impulse breakout of the ascending channel. Need to wait for correction to finish before setting a stop order.
Good luck!
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GBPNZD SellsPotential sell
Heavy news incoming
This could therefore easily change so very low risk being used.
GBPNZD BUY TRADE SETUP GBPNZD WILL BE BULLISH TREND SOON WITH TARGET 0.0520s LEVEL
We Should buy GBPNZD with Minimum lot size .
GBPNZDHello traders. The price is still rising in the weekly time frame. On the other hand, it is still moving in an upward channel. I expect it to continue its ascent to the top of the channel after completing the pullback. Be profitable
GBPNZD ShortHey traders, in this week we are monitoring GBPNZD for a long term selling opportunity around 2.05 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
