Gbpnzdshort
Looking for a nice short on GBPNZDLooking to see if GBP can pullback to hunt for some liquidity before pushing lower, could possibly be a decent trade to the upside for about 50-60 pips but I find that when market sell-off they sell hard and fast don't want to be on the side where there is a clear downtrend on the H1 chart.
Will see how this one plays out next week.
#gbp #gbpnzd #gbpnzdshort
GBPNZD Sell ShotGBPNZD looking for a short ( sell )
Based upon the supply area being mitigated moving down to the next demand zone
I'm only risking 0.3% of my balance testing small live trade
Notice how i changed my colours to cool pastel colours this helps easy on the eye when looking at my charts
Also changed my sell R:R to pastel black & my buy R:R to pastel blue to match my sell and buying candles
GBP/NZD Running In 700 Pips Profits &Third Entry Still AvailableThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPNZD - 4hr Timeframe - ShortHello Traders,
Price broke out of a 4hour ascending trend line that is lined up with a structure level,
Price has the potential to retest the broken zone and move lower,
Wait for a RETEST (Price Closes Above the previous level of Support)
Once Price Confirms Support as New Resistance (Ceiling). Enter the Trade.
Good Luck to you all,
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*This idea does not provide any financial advice.
Update on Minor Pullback but Overall Bearish on GBPNZD After price pulled back as expected, price then began to make its bearish push.
Take a look at the original analysis below.
GBP/NZD Running In 370 Pips And Third Entry Available This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPNZD Elliot wave analysis in H4
GBPNZD
Elliot wave analysis
The fundamental factors has played key role in the recent downtrend in GBPNZD as the pandemic situation in England got worse and the economic condition in New Zealand was also in trouble and in some countries they re imposed some minor restrictions.Today the RBNZ has leave the rate unchanged this causing the further selling of GBPNZD in coming days.
We can clearly see the price movement was within a broad rising channel and its about to reach the lower side of the trend line. And i am expecting further downside breakdown in coming days. Currently the Wave 02 was completed and Third major wave was underway.We can see a bearish engulfing pattern in 4 Hour time frame 1.94550 would be a desirable entry point for bear.The main bearish invalidation point was 1.97530
GBPNZD, 4hr tf, sell the end of wave-iv
As you can see the same setup with GBPAUD.
Price also at the end of wave-iv and we might see another impulse to the downside to complete wave-v.
Sell GBPNZD 1.9595
Stop loss 1.9640
Take profit 1.9415 (4R)
Use only 1-2% risk
Good luck
GBP/NZD First Entry +145 Pips And The Second Entry +90 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/NZD +50 Pips Now And New Entry Available This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPNZD looking bearish
The pair remains to trade in a consolidation range. Although it managed the breakout of the ascending channel in March last week, the price reversed into the pattern.
GBPNZD may come into a potential downtrend movement towards the support line of the ascending channel. Further confirmation is expected.
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GBPNZD short GBPNZD after testing support for three times now support zone gets broken...
now it can act as resistance..wait for price confirmation and then go short.....
GBPNZD Trendline Breakout & Retest GBPNZD tested the highs of 22 OCT 20. Price broke out multi days bullish trend-line. As momentum is weakening across the board, I am looking for a retest of the broken trendline to trigger short.
Don't risk more than 2% of your capital.
Trade Safe!
GBP/NZD New Setup To Catch 300 Pips, Head And Shoulders Pattern This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
