Gbpnzdshort
Potentially A Great RR Opportunity to Sell GBPNZDGreat RR trade - With the recent strength of NZD and the current 'noises' coming out of UK & EU this maybe a great opportunity to sell GBPNZD as the pair has now fallen back into the channel, This channel has been respected for a number of days.
Please give a thumbs up if you like the idea.
Good Luck & Happy Trading
GBPNZD Short Trade IdeaHey traders, here is the analysis for the GBPNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBPNZD- Selling againLooks like the price has hit resistance and about to drop again
The previous week this trade offered us 3 take profit levels and excellent profits, hope to repeat the success now.
ShortAccording to Daniel Savage, the 50%-61.8% retracement is the golden zone, and 0% is the first tp
GBP/NZD Technical Analysis
The counter has broken down a head and shoulder pattern.
The pattern is right inclined which portrays extreme negativity in the counter.
Hence, we expect the pair to be bearish in the short-term.
GBPNZD- Patience did pay offWhen we posted our GBPNZD ideas some of you came back to us with negative comments, some even stopped following us 😿
Well we did insist on posting it and it did happen and we had the guts, patience, psychology and risk management working for us in order to get to the profits.
Again, technical analysis never lies but you guys need to learn how to TRADE if you will ever be able to use any signals.
GBPNZD, you did what you had to do, thank you.
GBPNZD- Our 4 take profit levelsWe like to take profit gradually. Find on this chart our 4 take profit levels for GBPNZD
GBPNZD - Week starting ok here with (finally) this drop hereIf you have been following my idea, GBPNZD has been difficult tocatch the last 10 days but finally not just we stayed alive in this position but also opened a critical new one last Friday. Already in the money and making profits with the second and third DCA positions.
Fundamentally:
New Zealand doing AWESOME
GBritain has Brexit and Covid issues atm
...Thus we are selling
Time to drop - patience pays dividentsUnder the descending triangle, keeps getting rejected at the new resistance/ previous support.
By definition this is an asset to SELL
GBPNZD: No lift-off = possible dropThe third attempt to break over the resistance was not successful either.
Price is in a descending triangle at the moment and volatility is expected in 9x4h candles = 1 to 2 days)
Will need to manage our positions accordingly and be patient enough to get on a good trade here.
Forex Forecasts: Selling opportunity on the GBPNZDUnder the condition of uncertainty in the Brexit update between Britain and the European Union, this could cause a collapse in the pound currency, and on the other hand the New Zealand currency is witnessing a clear improvement and strength, and this is due to the investor’s appetite for higher-yielding currencies.
Technically, the pair moves in the form of a deep crab harmonic pattern.
Currently the pair is on the way to point D, where it broke a strong support at 1.9026, which may push the pair further down. The next support is at 1.8445 and 1.82 which may push the pair up.
Waiting for a retest of the broken support 1.9026 to enter short
GBPNZD ShortLooking for GBPNXD Short continuation for the week, But First, the pair must break thru the support line.
This trade will obviously run over the weekend.
Trade well, my friends.
GBPNZD - Move BrewingAfter breaking the ascending channel we have seen a slowly down-trending since but it looks like this move is running out of steam now that we have reached a key support level. It is highly likely that price will push down one last time to gather liquidity below this support before it begins to push to the upside.
