Gbpnzdshort
GBPNZD BEARISH CONTINUATIONif you were to look on the daily there is still a lot of bearish pressure, we also have this zone in the 4hr timeframe that would be a perfect opportunity to sell
GBPNZD 300 pips drop was expected Will it broke 1.90000 ?GBPNZD
*********
⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
—————-❇️——————-
Detailed analysis 💬
1️⃣ Price around 78.65 Fibonacci
2️⃣Trading within a converging trend lines
3️⃣ positive risk sentiment, Positive brexit talks, Vaccine news
4️⃣ 1.93000 Dynamic support and resistance
5️⃣ 1.98000 acted as strong resistance-Key psychological level
6️⃣ 1.90000 will Acted as strong support
7️⃣ Technical support - bearish
8️⃣1 .90800 will acted as key reversal-bearish
9️⃣ September low-Immediate resistance-Alternative bullish entry
🔟 Possible swing target-1.87400 lower trendline
#️⃣ Overall bearish trend-Within converging triangle pattern
—————-❇️——————-
📉 Technical bias-H4-Bearish
Price is below 50,100,200 Exponential moving average
50,200 Exponential moving average will act as support-Bear
Relative strength index - Felled below 50 - Bearish trend
MACD -Turned red and felled below the signal line, Oscillators pointing downward
Stochastic - Reached around 30- oversold condition will give a short term pull back expected
Ichimoku cloud -cloud is still red-Middle line supports bearish trend
Bollinger band- Price reached around the lower band-Short term bullish correction towards middle band
—————-✳️——————-
Key reversal area's
1.98000 psychological level
1.95630 Point of control area Volume analysis
1.98050 Oct month high
1.93100 78.6% Fibonacci retracement level
1.94000 Major psychological level
1.92600 Possible entry- Bear
1.87500 Trendline resistance/Alternative bullish entry
—————-✳️——————-
Bearish entry #pound #gbpnzd
Entry price - 1.92600
Take profit 01 - 1.90800
Take profit 02 - 1.87500
🚫 Stop lose 1.93680
⬇️2.68% Drop expected
⤴️ Account growth .57: 2.68
✅ Risk reward ratio 1 : 4.7
—————-⚜️——————-
Push the like button , And cheer up if you found useful
GBPNZD - Full Analysis Breakdown & UPDATE Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on GBPNZD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
GBPNZD - Bearish BiasGBP - BEARISH
1️⃣ Brexit negotiators will fail to agree anything in talks this week, thus missing the mid-November deadline to finalize a deal.
2️⃣ The unemployment rate in the UK increased to 4.8% in the third quarter of 2020, higher than 4.5% in the previous period and 3.9% a year earlier.
NZD - BULLISH
1️⃣ Risk appetite boosted the high-beta currencies such as NZD.
2️⃣ New Zealand's economy continues to recover from the novel coronavirus induced restrictions.
3️⃣ The Reserve Bank of New Zealand (RBNZ) left its interest rate at a record low of 0.25% at the November meeting and maintains a large-scale asset purchase programme at NZD 100 billion and said that the progress made on the bank's ability to deploy FLP and negative rates do not seem necessary, at least for this moment.
=====
Technical
=====
We are looking to sell GBPNZD at the resistance on H1 to minimize the loss and maximize the profit.
💡Don't miss the great sell opportunity in GBPNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.9395). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPNZD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 1.9255
TP2= @ 1.9065
TP3= @ 1.8945
TP4= @ 1.8675
SL: Break Above 1.9565
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPNZD Price at Resistance price is rejecting from resistance close above than good entry else good short after rejection
GBPNZD - 100pip TP HIT!!- What Next?Welcome traders to a free analysis breakdown.
Yesterday I made a breakdown on GBPNZD and our trade is playing out perfectly, if you any questions on the pair let me know in the comment section below.
I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
GBPNZD, daily tf, sell on ascending trendline breakHello my friends,
Today is the last trading day of October.
In my opinion it is better to secure some profit from open position and keep your risk as low as possible.
Before i start with my analysis on GBPNZD i am gonna review my closed positions first.
I already closed several live positions which consist of 2 winning trades and 1 loss.
1st position is NZDUSD which i closed at 0.6620 for +65 pips profit and banked +2.8% profit
2nd position is AUDUSD which i closed at 0.7020 for +130 pips profit and banked +5.2% profit
3rd position is DAX / GER30 which hit my stop loss today on market open for -200 pips and banked -2% loss
4th position is GBPUSD which i closed at 1.2930 for +80 pips and banked +2.4% profit
Let's continue with our GBPNZD analysis.
As you can see, I've marked my horizontal support and resistance area.
Price now broken below the ascending trendline and retesting it
If you look at the weekly chart, it is very clear that last week candle is a bearish pinbar indicating sell pressure from this pair.
So we will timed our entry on the daily chart and it happened that today could be a nice opportunity to sell this pair.
Sell GBPNZD 1.9530
Stop loss 1.9630
Take profit 1.9100
RR ratio 1 : 4.3 (4.3R)
Use only 1-2% risk
Good luck
GBPNZD TRADE IDEAHello Traders,
I hope you are having a good day,back at the trading game again still on GBPNZD FOR THE BEARISH OPPORTUNITY LAST NIGHT WE GOT A FEW PIPS FOR THE NIGHT AND WE ARE BACK AT IT AGAIN FOR TONIGHT,Been very bearish for the past few days so i am looking for the short opportunity to the daily low.
GOod Luck Traders who take this trade.
GBP / NZD - Forecast (Trade In-Play)WE LOVE TRADING. PROFIT IS SO EASY! - Check my profile for recent ideas!
GBPNZD Daily Candle Forming Bearish Momentum Nowadays the market is so unpredictable as the pandemic and political events are ongoing. But as a trader, we have to always wait for the better entry as we are always trying to do. We find out GBPNZD is forming bearing momentum and approaching to breakdown its uptrend channel.
📢GBP/NZD Short opportunity 👍If we can break below the trend on a retest I will be going short 😎👍 If you like the Analysis feel free to drop a like and leave comment and follow, we are grateful for all the love out there and we will share the love back 🤍
GBP / NZD - (Forecast) Price has broken the ascending triangle now, indicating a short opportunity. We just need to wait for the retest of the GREEN zone before entering. If GREEN zone switch from Sup. to Res. then we will short the position to the next levels (Yellow)
