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