GBPNZD Short SetupGBPNZD is consolidating in short term symmetrical triangle. It has distributed on top and is ready to fall. We are expecting bears to take charge and push the price to bottom of trendline.
Trade your levels accordingly.
Gbpnzdshort
LONG ON GBP/NZDPrice has broken out of a symmetrical triangle on the weekly timeframe.
I am looking to capitalize off the breakout, price has not pullback or retracted just yet but if it does not then price should take off.
Here is the play I will be taking on this pair:
PAIR = GBPNZD
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 2.02793
STOP LOSS = 1.99104 - 368 PIPS
TAKE PROFIT = 2.10213 - 742 PIPS
GBPNZD Short OpportunityHey, if you like this idea be sure to support with a like and a follow.
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?
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.
gbpnzdOn the way back, I count as a pullback and enter the sales order from the same range, and the targets are specified in order.
OPPORTUNITY FOR SELL GBPNZDWe have these indicators for SELL opportunity:
- Reflection from major down trend line
- Low volume for to continue the current direction
- Monthly and quarter high level resistance
We define 3 goals:
TP 1 = 80 pips
TP 2 = 120 pips
TP 3 = 200 pips
GBPNZD - Short#GBPNZD Daily
In Daily Time frame After Breakout The Market Will Be back To Down
Sell, Wait For Confirmation.
GBPNZD SELL SETWaiting for confirmation on the 3rd touch and price currently creating a trend reversal pattern, on confirmation we will go short as shown on the chart
GBPNZD SetupGBPNZD is at daily resistance. It is hinting to go down from here as we have bearish divergence on indicator level.
We think bears will take control from now on and push the price to further downside.
Trade your levels accordingly.
GBPNZD Sell ideawe are waiting a candle to close under 1.9935 on H4 timeframe to take a shot position
good luck guys
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GBPNZD DAILY SELLSGBPNZD has reached the top of the ascending wedge on the daily time frame (2.01361), I will be expecting a retrace from this area.
The last touch of this wedge in a bullish formation created a double top rejection and dropped almost 600 pips!
Gbpnzd ready to pullback short termGbpnzd ready to pullback short term m15 time frame market break the BMS and now finally touch supply zone
SELL GBPNZDReason to enter sell
1. weekly supply
2. daily massive bearish
Warning
trend still up, use risk ratio 1:1
GBPNZD SWINGHey traders, in this week we are monitoring GBPNZD for a long term selling opportunity around 2.005 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBPNZD SELL ANALYSISWyckoff distribution pattern has been formed on M15 Chart
Thus we should be able to see a potential Short position on GBPNZD
Our 1st TP will be @1.99350
Our 2nd TP will be @1.98300
gbpnzd sell setup .. after multi-timeframe analysis. our team decide to sell
wait for clear price action.
breakout of the rising wedge.
⚠️ ⚠️ ⚠️ no breakout .. no trading ⚠️ ⚠️ ⚠️
don't forget risk management
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GBPNZD Short Term Sell!!!! Confirm!!!Please take this trade at your own risk. From my analysis this short term trade has lots of potential.
GBPNZD ShortGBPNZD is massively overbought on daily RSI, it's taken liquidity from previous highs and is long overdue a big pullback. GBP has had an extended run as strongest currency in the last week and is due its fall. We expect GBPNZD to start its fall in the coming week.
R:R = 1:12
GL.
GBP/NZD: Exhausted market, a potential reverse!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the GBP/NZD , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
The market has been consolidating for a while and it has currently reached an important solid resistance level that rejected the price many times during the past years.
The last strong bullish impulse started changing its degree, forming an interesting rising wedge pattern, usually is a sign of exhaustion and decreasing of momentum. A possibility of a correction to the downside is quite hight considering the general condition of this pair.
When, where and why would I step into the market?
Overall the market has still a bearish perspective, considering that the consolidation area is between the last LH and LL.
The trend is not changed yet, so before planning my short position on this trade I will be waiting for a breakout of the rising wedge, some consolidation to confirm the breakout and good supply to protect my trade.
Only when these conditions will be respected, I will be looking for a good entry point with a RRR of 1:2 or greater.
I’ll update the idea with the suggested SL and TP !
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
GBP/NZDSell: GBP / NZD
SL @ 2.01280
TP @ 1.98360
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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Have a good week to everyone
It is not an investment recommendation
A Strong Resistance Zone for A Sell on GBPNZDThe market is currently at a strong resistance zone.
I am currently looking for a reversal pattern before going short.
GBPNZD SHORTGBPNZD SHORT IDEA:
Entry from 1.9939
Take profit: 1.93449
Stop Loss: 2.00294
If the trade breaks structure, look for the retest to enter if you wish to do so.
I Entered at my price due to it being the third touch on the top resistance line.
SUPPLY AND DEMAND - GBPNZD (2-8 Jan 2022)MN Trend: Downwards
Huge room for profit to SHORT
W1 Trend: price currently re-aligning
Potential for HUGE sells
D1 Chart:
D1 SELL zone identified if selling in D1 chart
H4 entry:
H4 SELL zone identified if selling in H4
