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Gbpnzdstrategy

GBPNZD Inverted ShampooGPNZD formed an inverted H&S, I already entered before making this analysis, but hopefully there will be another entry opportunity, because the stochastic momentum is already above 80, maybe the momentum can still go down a little and then continue to rise. This analysis is also supported by the fundamental strength of GBP itself which has raised interest rates, so I think this is a good opportunity. I use the ichimoku indicator too, but on this occasion I hide it so that the chart looks neat.
Long
by PictoPip
1
GbpnzdLooking for 340+ pips 💲💲 This is the chart of gbpnzd Reasons for take this trade 1 - it's gave channel pattern breakout 2 - it's completed ABC pattern 3 - fib retracement(very important) 4 - if we see long term chart then we easily can see first there was impulse then retest and now continuing impulse 5 - history repeating 6- index showing weakness Here are the reason to take this trade I hope I am succeed to give value and learning We will get better together with time 🥰🥰🥰 That's was my analysis Thank you 💟
Long
by forex_academy07
5
forex | GBPNZD multi timeframe analysis - long term sell tradelearn how to trade support and resistance with psychology trading areas ________________________________ starting with the monthly time frame we notice that we are in a strong downtrend so, we trade with the trend and start searching for selling opportunities. and we found that the price moving in sideways so, in this condition, we follow support and resistance strategy. moving down to the weekly chart, which confirms the support and resistance area. the daily chart we are in a clear uptrend so searching for selling opportunities is so risky right now. so we have to align our analysis with the COT report and draw an uptrend in a smaller time frame like 4hr chart and waiting for a break-out then we start selling with low risk.
Short
by UnknownUnicorn9076755
forex | GBPNZD multi timeframe analysis - long term sell tradelearn how to trade support and resistance with psychology trading areas ________________________________ starting with the monthly time frame we notice that we are in a strong downtrend so, we trade with the trend and start searching for selling opportunities. and we found that the price moving in sideways so, in this condition, we follow support and resistance strategy. moving down to the weekly chart, which confirms the support and resistance area. the daily chart we are in a clear uptrend so searching for selling opportunities is so risky right now. so we have to align our analysis with the COT report and draw an uptrend in a smaller time frame like 4hr chart and waiting for a break-out then we start selling with low risk.
Short
by UnknownUnicorn9076755
2