Gbpnzdshort
GBPNZD POSSİBLE SHORT BULLİSH Hello traders, I hope everyone has a nice trading week. I would like to share one my possible short term bullish scenario for GBPNZD .Please support this idea with like If you find it useful.
We almost reach the strong support-demand zone; When it test this zone, It's possible jump to the upside. We just need to see nice rejection, looking for bullish candlesticks .
The information given is not a financial advice. Remember this analysis is not %100 accurate. To make decision please follow your own thoughts.
GBPNZD - SELL potential Daily: Bearish engulfing candle after upper trendline line touch
Price is in an ascending channel
Overall trend = downtrend
4hrs:
LTF correction towards the upper trendline line, Indicating us that price could reject the upper trendline and move to the downside
Price broke out of the LTF correction, need to wait for a correction before an entry
Need to wait for a pullback
1hrs:
Possible Head and shoulders pattern forming
GBPNZD Long-term Bearish SetupHi Traders!
GBPNZD has been trading a corrective channel for about two months. The pattern within the channel is unfolded as a double zigzag pattern. According to Elliot Wave theory, once a correction is completed the price will resume in the direction of the dominant trend. It's bearish in the GBPNZD case.
Another technical analysis that's supporting bearish reversal is the rejection of the 200 EMA and long-term descending trendline.
The breach of the 1.91653 key level will confirm the correction is completed and the price has resumed the downtrend.
What's your view on GBPNZD? Let me know in the comment.
Thanks,
Veejahbee.
GPB NZD TRIPLE TOP BIG SHORTHi Everyone, I hope you're doing well,
Just noticed a triple top formation on GPB/NZD as well as a MACD Crossover, signaling a reversal of the trend.
I'm going short with 2:1 rr for TP 1 and 3.7:1 rr for Tp 2.
If you like this idea please leave a like and if you disagree let me know in the comments so that we can discuss it !
Thank you all, and have a nice trading day :) OANDA:GBPNZD
GBPNZD - SWING - 08. FEBR. 2021Welcome to our weekly trade setup ( GBPNZD )!
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1 HOUR
Bearish closure at the end of previous week.
4 HOUR
Expecting more downside this week.
DAILY
Overall sideways moving structure with good short entries!
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FOREX SWING
SELL GBPNZD
ENTRY LEVEL @ 1.90560
SL @ 1.91600
TP @ 1.88970
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GbpNzd Hi!
here is another pair I'm looking for
It's kinda consolidating on higher time frame
Theres a liquidity pool at the top of this pair
I'm looking forward that the MM will grab the $$ above
then will continue going down to grab the $$ below
My bias tonight its going down.
Please comment down below if you have any questions or idea for this pair
*This is not a financial advised BEWARE
GBP/NZD Should See a RetraceAfter yesterdays Bank of England announcements all GBP pairs have spiked upwards. I would expect a retrace on this soon before generally continuing upwards. I am bullish on GBP in the long term but there should be some short term shorting opportunities coming. This is also at a big monthly and daily resistance level which should make a drop more likely, and at the moment risk off currencies are very strong (NZD, AUD, CAD). Im looking for a TP at 0.5 Fibonacci, although you can also target 0.618 which would complete the neckline of structure (as highlighted in green)
TP - 1.90205
SL - 1.92050
LETS TRY AGAIN!So a very similar trade to our last one which was posted earlier which we cut our losses from: (What goes up must come down)
So what we can see here, the British pound has spiked throughout all currency pairs today which is the 04/02/21.
The main cause to this i believe is 'BOE Rapid U.K Rebound Following Johnson's vaccine push' headline news.
But as we can see here the price hasn't yet pushed up as far as our resistance zone. Now if price carries on to be bullish and continues to push upwards with momentum and break through our resistance zone then we will more than likely hit Stop loss. (Worse case scenario)
But from analysing the chart i believe that we could potentially see bearish momentum and see price drop as far as 1.85000.
im entering this trade now at the following:
ENTRY 1.90317
SL: 1.90700
TP: 1.85000