GBPNZD Short IdeaGBPNZD is near descending channel resistance line and showed a loss in buying pressure. I expected the pair to respect resistance and continue the major downtrend.
Gbpnzdshort
#GBPNZD - Short unless violationWaiting and expecting another wave down as there doesn't seem to be any sign of upwards momentum
GBP/NZD short-sell weekly chartGBP/NZD short-sell potential weekly chart overbought levels in rsi, bb, demarker
3:1 risk reward ratio 300 pips vs 900 pips high pennant resistance 2.100/ 2.0500 stop-loss, support low 1.900 target-profit
Economic calendar release for NZD RBNZ Interest rate decision 0.25% vs 0.25% and GDP for GBP (QoQ) -2.5% vs 0.0% (YoY) -2.1%vs 1.1%
Open Market in monday has potential (DCB) dead cat bounce 2.0420 oversold in demarker 30 mins - 4hr and trend continuation to downwards
Bearish Trend Downside Towards Support 1.8800$Trens Under correction downside daily to weekly base.
Both pairs currently sideways Pound and NZD
🛑SUPPORT/RESISTANCE
✅S1= 1.9000
✅S2=1.8800
✴️R1=2.400
✴️R2=2.800
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GBP/NZD SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Market-Sell: 2,05860
Stop-Loss: 2,07350
Target 1: 2,04635
Target 2: 2,03710
Target 3: 2,02800
Stop-Loss: 140 pips
Risk: 1%
Risk-Reward: 2,10
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Peace and good trades
Irasor
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GBPNZD SHORT (VERY LONG TERM IDEA)Leave your thoughts on this one guys, would like to hear your thoughts on an idea like this
GBPNZD SELLMONDAY, 4th May 2020
#GBPNZD SELL
ENTRY = NOW at 2.06600
SL = 2.07300 (-70 PIPS)
TP = 2.03000 (+350 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
GBPNZD SELL IDEAAll I see is a selling opportunity as price rejects the 4H resistance level in a downtrend as we see price making a Lower High and a Lower Low.
It pushed a bit below the R level which will make me get a good entry on the lower timeframes.
GBPNZD Dwe expect the retracement of the pair downwards from the resistance hit last week to below regions on fibo levels in coming week
GBPNZD IS FORMED CHANNEL BREAKOUT AND RETESTING NOWGBPNZD IS FORMED CHANNEL BREAKOUT AND RETESTING NOW, PREPARE FOR LONG OPPORTUNITY.
GBPNZD LONG TERM SHORT SETUPAppears to be in a corrective pattern.
I am anticipating a sell.
I've added some notes to the chart on my analysis.
GBPNZD Sellit was not messing with the resistance zone so it could go down and test support 1 if it breaks i would look to go to support 2 and if it breaks support 2 I would look to go to support 3. Comment I love feedback.
I'm a 16 year old trying to master the skill any criticism would help
GBP/NZD Sell Position.Market has broke and closed below short term support 2.0422.
I can see a sell signal.
The RR ratio is 1:1 if we look for first target i.e: 2.0304
If the market closes below the first target successfully then next target may also be achieved.
The R:R is not impressive but the market move seems strong that is why I have posted my analysis.
Simple chart without indicators.
Stop-Loss and Take Profit levels are shown in chart.
Good-luck.
Please note that this is based on my own technical analysis and is not a trading advice.
