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Gbpnzdsignal

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
Short
by forexorbit
1
GBP/NZDIt is true that the pound has a 4-year support line under its feet and has climbed whenever the price fell, but I know this support line has been lost for these reasons: 1. Sales power in recent candlesticks. 2. Temporal divergence of the last waves. 3. The weakening of the pound in terms of economic logic. 4. In previous times, whenever the price hit the bottom of the channel, it was able to reach the middle line of the channel, but recently it has not been able to.
Short
by Mohammad_Trader
GBPNZD is trading in a downtrend channelGBPNZD From August 25 this pair has started the downward journey in the channel. And the trend line is touched thrive and holding as the resistance for the bullish. After the price reached below the 61.8% Fibonacci retracement broadly it’s touched the 1.97000 psychological level and retested the support zone which is a Previous month’s low 1.97480. This level will act as the support for the bearish. The first target will be 1.95100 level. In Elliott wave analysis this pair is going to complete the major wave of 5. Stop lose may place above the minor wave of 02. On fundamental side the brexit headlines will makes this pair more volatile. And the reserve Bank of New Zealand has recently insisted that they don’t care about the foreign exchange rates. The number of COVID-19 cases are in declining phase this improve the overall economic condition of New Zealand Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
Short
by forexorbit
GBPNZD, 4hr timeframe, Sell on retest of resistance areaHello my friends, GBPNZD currently very interesting as price broken below the short term trend line. Also noticed that the last 2 candles on this chart looks like a bearish pinbar / shooting star candle. I tried selling GBPNZD on the retest of broken zone of previous double top pattern. Sell GBPNZD 1.9960 Stop loss 2.0035 Take profit 1 @ 1.9860 Take profit 2 @ 1.9770 Use proper risk management Only risk 1-2% of your equity Moved SL to entry once price touched TP1 Good luck
Short
by HayatoDragonFX