Gbpnzdsignal
GBP/NZD Technical Analysis
The counter has broken down a head and shoulder pattern.
The pattern is right inclined which portrays extreme negativity in the counter.
Hence, we expect the pair to be bearish in the short-term.
GBPNZD- Patience did pay offWhen we posted our GBPNZD ideas some of you came back to us with negative comments, some even stopped following us 😿
Well we did insist on posting it and it did happen and we had the guts, patience, psychology and risk management working for us in order to get to the profits.
Again, technical analysis never lies but you guys need to learn how to TRADE if you will ever be able to use any signals.
GBPNZD, you did what you had to do, thank you.
GBPNZD- Our 4 take profit levelsWe like to take profit gradually. Find on this chart our 4 take profit levels for GBPNZD
GBPNZD - Week starting ok here with (finally) this drop hereIf you have been following my idea, GBPNZD has been difficult tocatch the last 10 days but finally not just we stayed alive in this position but also opened a critical new one last Friday. Already in the money and making profits with the second and third DCA positions.
Fundamentally:
New Zealand doing AWESOME
GBritain has Brexit and Covid issues atm
...Thus we are selling
GBPNZD: No lift-off = possible dropThe third attempt to break over the resistance was not successful either.
Price is in a descending triangle at the moment and volatility is expected in 9x4h candles = 1 to 2 days)
Will need to manage our positions accordingly and be patient enough to get on a good trade here.
GBPNZD BUYRight now GBPNZD is ranging, came down for Hl move and right now is about to go up for LH move, i'm just risking 1% of my account on it at a moment.
Gbpnzd is buyAs we are seeing price is on big resistance and also showing confirmations.
So i am expecting a great buy with a nice risk to reward ratio.
So lets buy this pair.
If you are liking my idea than follow me
GBPNZD 300 pips drop was expected Will it broke 1.90000 ?GBPNZD
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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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
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📉 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
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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
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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
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Push the like button , And cheer up if you found useful
GBPNZD Forming Bearish Movement GBPNZD Forming Bearish Movement we are going to short from 1.94100 with a strong stop loss 1.95400 and our Target will be 1.92600
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.
GbpNzd- I will buy under 1.91...With Gbp being so weak in the last weeks, also GbpNzd dropped more than 1000 pips.
Now the pair is trading just above the strong support found at 1.9 zone and I expect at least a rebound from here.
I will look to buy dips with at least 1.95 target
