Gbpnzdstrategy
GBPNZD- After major exhaustion on Daily TF
- We look for retest of the Double Top but unfortunately the market opened above
- Now we wait for retrace to enter a sell
GBPNZD SELL Same as GA, looking for a similar sell as a day trade. I'm already in this floating about 100 pips in profit however it is still possible for this to wick up so be prepared for an entry where the purple box is. Watch for rejection around this zone.
280 PIP GAIN 13/1 RR
#GBPNZD, Signal with a monstrous targetThe GBPNZD is after the Double top effect and is back on the rise.
The GBPNZD over 2 important average lines (100,200)
The candles are placed over the Ichimoku cloud that accompanies the GBPNZD with a green cloud!
The Stochastic in the ideal area that recommends buying.
All these technical data indicate continued increases.
Target: 2.0370
#GBPNZD, Elections approach!The GBPNZD is above the 200 moving average line which is a bullish sign.
The Ichimoku cloud continues to be bullish on the pound.
The recent declines were due to the pound's encounter with resistance at 2.03, but you can see very quickly the ups were coming back to the picture.
Target: 2.09
GBP/NZD Head & Shoulder Pattern ConfirmedGBP/NZD Head & Shoulder Pattern is confirmed!!
Expecting price to drop to 1.988.
Focus Time Frame: 4H/1H
Market Condition
1D Short Term: Downtrend
1D Long Term: Uptrend
GBP/NZD Head & Shoulder movement Looks like GBP/NZD is making a head & shoulder movement.
We are waiting for price action to confirm.
Focus Time Frame: 4H/1H
Market Condition
1D Short Term: Downtrend
1D Long Term: Uptrend
#GBPNZD, A formidable modelIn the second pick, a Double top template was created so we recommended a sale, there was a decrease but it did not hold and gbpnzd returns to increase in strength.
The buying position will be with the trend.
We believe that gbpnzd is on the way to resistance at 2.0400 and then if there is indeed breaking then the next target will be very very high.
#GBPNZD, 110 pips opportunity! An important Double Top pattern is created in the daily graph that usually causes pullback as you can see already started.
According to Ichimoku, the upward trend will continue.
Target: 1.9930
#GBPNZD, Signal with huge potentialTwo weeks ago a double top pattern was created in the weekly graph and indeed the pound fell by 130 pips, the declines did not hold and the bulls returned.
The recent increases accelerated after the resistance in 1.998 was breached.
A definite upward trend.
Target: 2.09 (a very distant but very realistic destination).
If gbpnzd drops below 2.0150 this signal is canceled!
Buying GBP/NZDBuying GBP/NZD
looks like Inverse Head and Shoulders forming on Daily.
Entry 1.9083
SL 1.8889
TP 1.9374
LONG TERM SPECULATION | GBPNZD (WEEKLY)See chart for illustration
Lower time frame speculation will be published soon as price action is been monitored
GBPNZD - HEAD & SHOULDER? Watch outFREE ANALYSIS ON GBPNZD
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30 Min Chart
Keep an eye out for the pair and this could be a Head and Shoulder formation. good position for sell. also watch out for break down.
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Perfect Weekly BreakoutIts a perfect breakout and entry time for weekly chart. You have to wait a bit long but will get good pips
Going to short it with TP 1.8200I am Going to short it with TP 1.8200 and SL 1.8738
Trade at your own risk
GBP/NZD Long to 1.90 or 1.8445 Comment Your ThoughtsAccording Mark McCormick, Global Head of FX Strategy at TD Securities, suggests to go long on GBP/NZD cross at current levels, targeting a move to 1.90 and a stop of 1.8445.
Key Quotes
“While all the G10 shows downside growth momentum, the USD, for its part, falls into the worst quadrant that shows dual deceleration. Even so, NZD takes top shop in terms of the overall worst ranking and GRMI doesn't help its ranking this week. We also expect a weak NZ CPI print that could catalyze NZD downside.”
“For GBP, while it has plenty of Brexit risks to manage, we note this week's event calendar offers smoother sailing. Furthermore, GBP checks a few boxes in the desirable (tactical) contrarian trade column, reflecting its weight in these baskets. It is also trading with a 2% discount to HFFV against the USD. When we calculate the cross NZD HFFV levels, GBPNZD is trading at a whopping 5.3% discount!”
#GBPNZD SkydivingWe are in the process of breaking support and intensifying declines.
According to Stochastic, there is still a place for future declines.
The beginning of a red Ichimoku cloud that warns against changing the trend.
Target 1.8920
GBPNZD 1000 pips short opportunityPrice have broken down B leg of ABC correction for a potential 1000 over pips opportunity.
Current entry price also shows a nice 1:2 risk and reward ratio.
GBPNZD - POSSIBLE BULL RUNFREE ANALYSIS ON GBPNZD. Possible bullish move about to unfold. BUY up
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