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
Gbpnzdshort
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
GBPNZDGBPNZD
The price will continue to rise until reaching the resistance area
And then it starts in a downtrend
GBPNZD Short IdeaI think GBPNZD will sell. Trade with caution. do not risk more than 1% of your account.
GBPNZD is ready to fallGBPNZD / 4H
GBPNZD has been trading in a bullish trend, and now has arrived at a major level, plus the price is trading next to the weekly trend line.
We expect this pair to fall more.
Trade safe, Trader Leo
GBPNZDHello. By breaking the positive upward trend line in the time frame of the week As well as completing the second branch of the correction We are now at the beginning of the third correction movement in the time of week
GBPNZD, Short with Cypher Pattern + OB Nice day, you guys !
1. OB of H4 TF formed.
2. Cypher Pattern maybe completed at OB.
Consider to short if enough of 2 above conditions.
Good luck !
SUPPLY AND DEMAND - GBPNZD (5-11 Dec 2021)MN TF: Downtrend
WK TF:
Price is still going upwards but approaching opposite Supply zone
D1 TF:
H4 TF:
2 BUYS zones identified when D1 price confirms BUYING pressure.
#GBPNZD ShortWatching GBPNZD short as it reached to a resistance level and a bearish divergence 1:5 RR a strong resistance can help it to reach to previous support level
There is a divergence at the resistance zone with GBPNZDH2 time frame.
Structure: The current uptrend and price are showing divergence at the 1.97000 resistance zone.
Here, a head and shoulders reversal pattern can form.
Wait for the reversal candle signal at the right shoulder to appear, then you can find selling opportunities.
The profit target is the price zone 1.93000 and 1.90000.
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Wish you all have a good trading day!
