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Gbpnzdshort

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
Short
by HayatoDragonFX
GBPNZD: Possible Change in Trend...Movement to the downside!!!First, lets look at candlestick pattern. As we all know, this simple 3 candlestick pattern shows us a BEARISH signal. How do we determine this? Just take the entry, lowest opening and highest closing to form a single candlestick. You will see a BEARISH candle from this. Next, we take a look at Ichimoku cloud. Today's candle shoed us a rejection from the Ichi Cloud which could signal to us that BEARISH movement have yet to stop. I could see price moving back to respect 1.9505 as a resistance level giving a potential movement to the support level @1.8990. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
GBP/NZD SELL IDEAHey tradomaniacs, welcome to a new free trading-setup. Notice: Obviously a very risky trade! I personally see a chance of a retracement after retesting the area of PoC and trendline of the previous up-trend. I am personally a fan of risk so I will take that one with a lot lotsize. Moves like that can quickly retrace as scalp- & daytraders tend to save profits. Please stay out if you have a lower risk-aversion as this trade is a high-risk-trade. GBP/NZD: Daytrade-Preparation Market-Sell-Order: 1,95000 Stop-Loss: 1,956000 Target 1: 1,94040 Target 2: 1,93315 Target 3: 1,92170 Target for One-Target-Trader: 1,94040 Stop-Loss: 100 pips Risk: 0,5% - 1% Risk-Reward: 2,84 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
1
GBPNZD - SWING - 01. OCTO. 2020Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Very bearish price action and price selloff. 4 HOUR Expecting prices to push further downside, good short entries! DAILY Overall market turned bearish again, following midterm trend. - FOREX SWING SELL GBPNZD ENTRY LEVEL @ 1.93800 SL @ 1.95550 TP @ 1.91150 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
Short
by DACapitalTrading
51
GBPNZD 4H [10/01/2020] Market OverviewGBPNZD 4H Market Overview Possible Sell opportunity, Short Term Bullish Move to touch 800EMA can Happen, Targetting the next two possible support areas, Manage Your risks Accordingly. Traders! if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together. Disclaimer the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________ Thank you for your support!
Short
by ForexCracked