Gbpnzdshort
GBPNZD possible sellLook for the retracement to 61.8 or 50,
Confirm sell on PA.
Use proper SL,
Good luck!
GBPNZD Breaks Channel ShortIn a previous Trade Idea I predicted that GBPNZD would break out of channel long. GBPNZD broke the channel short to continue long term down trend. If the bottom of the channel turns into resistance, GBPNZD will likely continue south down to the next major S/R zone. You can see full analyses for the original GBPNZD Long break out
On the first bearish candle after the channel rejection enter a Sell Stop a few pips under the bearish candle. Stop loss would be above the bearish candle for the tightest stop loss. For a more flexible Stop Loss you can put the stop loss inside the channel. Use your trading plan for take profit.
#GBPNZD - Short after the breakWaiting for a strong break to the downside.
Once it has been confirmed I will be looking to open a short position.
GBPNZD- Bearish Opportunity On Retest of Descending Channel-Good sell opportunity on the rest of the descending channel which is in line with the 38.2 fib level which adds confluence that price could rest from that level.
- The Ema's are above price which indicates bearish momentum of the pair.
- Wait until price has reached the significant level and look for a strong bearish candle to sell this pair.
GBPNZD - Descending Channel / 4 HourDescending channel, price action currently testing support. Will set alerts to catch a bounce or break to the downside.
GBPNZD short on retracement to daily trend line breakStruggling to use trading view on iPad so excuse me.
Missed the initial daily trend line break on this pair, didn’t have it set up = discipline issue.
NZD strength was driver behind the daily trend line break on positive sentiment around virus. Risk is on, Dow is strong and risk currencies are going for a run.
Resisting the impulse to jump straight into this trade.
Short on retracement target 1.95 area, stop out if it breaks back into trend line
GBPNZD WAIT FOR RETEST THAN SHORTHello, here is my analysis for GBPNZD.
Let me know in the comment section if you guys have any questions. If you like my analysis please hit like. Thanks.
UPDATE: 465+PIPS IN PROFIT FROM ENTRY ON GBPNZDWe are currently more than 465+ pips in profit on this position from our entry. i have attached the initial analysis below.
Analysis for this trade was pretty simple and straight forward. Entry was marked using Fibonacci retracment at 50% of the previous bearish move.
I want to point out some other factors that are key to your success as a trader,
1. Keep your analysis plain and simple, you will not find consistency by trying to use a lot of tools, you will only contradict yourself
2. Always calculate your risk on a trade and use a stop loss, you will not lose sleep knowing you could lose 2% on a trade but you sure will lose sleep not knowing how much you're going to lose on a trade
3. Learn, understand and apply the concept of risk to reward ratios. And always trade with a healthy risk to reward ratio
4. Trust your trade and whole heatedly accept the fact that every single trade you take has potential to be loser and hit your SL
These factors are a few of many but you have to start somewhere. start applying them if you want to see a change.
GBPNZD- Last week the market was in a consolidation area being indecisive. By the end of the week it had make two exhaustion on daily with inverted hammer.
- This week we look to sell as the market makes a decision to weaken
- 4HR we have selling in the market as it creates an engulfing
POTENTIAL SHORT AFTER PULLBACK ON GBPNZD Price has fast approached our marked level of support. This set up is showing the potential to retrace at least 50% of the bearish move before advancing lower. Entry, stop loss and take profit have been marked.
Do not risk more than 2% on this date.
FURTHER POTENTIAL SELLING ON GBPNZDAs marked up previously this pair is showing selling potential. I have re-adjusted to current price action. GBPNZD Currently is at a point of Resistance where we could potentially see price move bearish to meet our target levels.
Entry, take profit level and stop loss has been marked, Do not risk more then 2% on this trade.
gbpnzd ( example of once target 1 is hit , take 50% profit ) then you move stop loss ( red line ) trailing stop loss depending on how many entries you have.
I decided to take 50% due to the outlook of further downside after a pull back
GBPNZD CLEAR BEARISH CONTINUATIONit clear forming LH LL
MONDAY, 18th May 2020
#GBPNZD SELL
ENTRY = NOW 2.03200
SL = 2.04200 (-100 PIPS)
TP = 1.98100 (+500 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
GBP/NZD Bears looking to take price lowerLet's take a look at two worst performers of last week. We can see that price for this pair is at key resistance line of descending channel. Looking at price action more closely (1H chart) we can see that price has already showed us that bulls momentum has been cooling off. However, we will wait for next 4H candle to close before we will open any short positions. As many NZD pairs has showed us that the price is at key level we tend to believe that Kiwi will have better results upcoming week.
What do you think about this idea ? Let us know in comments and don't forget to hit that like and follow button to help us grow this channel :)
Good luck !
