GBPNZD AnalysisPrice of GBP nzd has been making a tighter range highs latest.
with over all fundamental situation on the horizon , i am expecting it to fall to lower support of 1.9541
sell entry : 1.98
SL - 1.9921
tp : 1.9540
interst rates of Nzd is 4.75 and GBP is 4.25 which favours bais.
infaltion is higher in britain around 10 percent with lower GDP q/q which also favours longs on NZD.
best of luck
Gbpnzdshort
Potential Short opportunity in GBPNZD (in 12 hours time)I am seeing GBPNZD will move in its sideway (4H timeframe) and will meet its resistance from the trendline at +-2.002.
I will suggest started seeing the rejection in the resistance area and prepare SHORT position with stop loss of the previous high (2.034) and target price (1.888)
GBPNZD SELLHello trader last analysis for the Day so let’s Set Our Eyes on GBPNZD We are Currently taking A sell based on we are Currently on a Support and Resistance Level price failed to break our Resistance zone and also we end up having A trend line breakout and a Successfully retest back to trend, so to keep everything as Educationally as possible When trading technically we understand that use of S&R support and Resistance failed to break Our R zone We expect price to fall back to our support. We Sell immediately the market open, remember proper risk management. Drop your comments on What you think about this trade thank you.
GBPNZD - Long active ✅Hello traders!
‼️ This is my perspective of GBPNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective as price forms higher highs and higher lows, so I am looking for longs. I expect bullish price action from this zone as price rejected from bullish order block + institutional big figure 1.94000.
Fundamental analysis: On Thursday 23rd of March we have news events on GBP. Bank of England planned to raise interest rate by 0,25% supported by a Press Conference. The raise of interest rate means strength of currency which could support our bullish price action.
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GBPNZD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective of GBPNZD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. If price makes a retracement and fills the imbalance lower I will look to open a long position from bullish order block + institutional big figure 1.94000.
‼️Attention!!! Due to the fact that we have news events on GBP & NZD on Tuesday and Wednesday, the analysis can be invalidated.
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GBPNZD to stall at current high?GBPNZD - 24h expiry - We look to Sell at 1.9450 (stop at 1.9510)
Previous support located at 1.9250.
Previous resistance located at 1.9400.
The trend of higher intraday lows has also been broken.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.9300 will confirm the bearish momentum.
Our profit targets will be 1.9310 and 1.9280
Resistance: 1.9400 / 1.9450 / 1.9500
Support: 1.9250 / 1.9150 / 1.9100
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GBPNZD - Bat Pattern Forming SOON!Bat patterns on GBPNZD are very profitable on the 4H timeframe.
- Entry: 1.96189
- Stop Loss: 1.97407
- TP1: 1.94499
- TP2: 1.93456
I have set a limit order at my entry price. If price moves against me I will trail my take profit levels in accordance with the 38.2 and 61.8 retracement levels from the low of the pattern to the current price level.
If the pattern is invalidated before hitting my entry limit order, I will delete the order.
GPBNZD possible short for 1.88701.9520 strong resistance broke on 22nd & 28th February but not able to sustain price higher and closed below 1.9520 that is indication as a fake breakout. 28th daily key reversal bar made a new high closed on the low indication for weakness for coming days. 1st March daily insurance bar confirms further weakness ahead. target is 1.8870.
GBPNZD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective of GBPNZD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I see price to make the retracement and then to reject from bullish order block + institutional big figure 1.93000.
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GBPNZD - Criteria Met!Last week we looked at this and it had not swept the high of the wick we were after, it has done that (only just!) right now. I am officially in LIVE on this trade, stop and profit levels are shown. This is my analysis, trust your own.
Any trade for the rest of the week will more than likely be demo only as only 1 live trade gets taken at a time as a measure of risk management.
GBPNZD - Bearish price action ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Here we can see that price took buy stop liquidity, formed a normal divergence and rejected from institutional big figure 1.93000, so I am looking only for shorts.
‼️Attention!!! Due to the fact that we have news events on GBP & NZD this week, the analysis can be invalidated.
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GBPNZD....SELL (200 PIPS)After GN bounced off at a resistant price value at 1.9237, it has retraced to last week Friday's range. GN has a poor momentum to be bullish for now and hence technically, i see GN re-visiting this weeks Monday's low at 1.8997. But I do expect GN to close this week below its previous low at 1.8997. Currently trading a bit above the 78.6% fibo mark.
NB: Eyes on the breakout zone ( Blue Box Region)
Red Box ( Possible rejection zone)
GBPNZD, Shorts clear again?Sorry for the lack of posting, I have been having some good success with set ups, I just forget to share them here. Another idea for GN, that last one paid out at 18:1 RISK REWARD. Only looking for shorts should that wick mentioned be swept (price takes it out).
From there I will drop to a lower time frame for my entry, but even just setting a sell limit order on that wick is around 4.5:1 RR so that in itself is not bad. I will see if I can up that reward by trying to nail an entry lower. Things looking very nice around the whole market. Do't get ahead of yourself, one trade at a time :)