Get started

Gbpnzdtechnicalanalysis

GBPNZD I It will decline from channel resistanceWelcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
2
What you think Symmetrical Triangle ?Symmetrical Triangle continuation Pattern in 1 Hour Chart GBPNZD, its show that might they Break out from this point to Upward Direction, showing bullish Trend. Entry Price & TP1 & TP2 Set Accordingly Stop Loss is also set For Plan B Entry price is also set for Short Trade might this go from this Point to down ward so we set trade accordingly & Entry Price & Stop Loss for Short Trade is also Defined with TP1 & TP2 as well. Symmetrical Triangle continuation Pattern might take break out both side so we already make plan for the both side trades, once one side trade is active, so cancelled the other side, wait & watch
by TradingwithBelieve
(Sell) GBPNZD Technical Analysis for May 3, 2018Hello Traders, It’s no doubt that the GBP has been on the upper edge for the better part of last year. Well, in my view, it might continue with its trajectory especially if there is an interest rate hike in the future. However, when we take a purely technical view, we expect GBP to lose ground and correct in the coming days. A top down approach can provide a proper mirror for my forecast. Note that we already have a stochastic sell signal from the overbought territory complete with bear pin bars following periods of consolidations in the weekly chart. Besides, this week has been purely bearish and we can see that long upper wick showing that indeed sellers are in charge. If it remains this way then we expect sellers to break below that support trend line in the weekly chart as NZD bulls aim to test 2018 lows at around 1.86. In the 4HR chart, sellers are currently testing the main support trend line and after periods of lower lows, the GBP might recover or as well break below that support line. Because the higher time frame takes precedence, it’s likely that sellers might lead the charge and in that case, we shall be waiting for that break below to happen before committing to this trade. As such, my GBPNZD Trade plan will be as follows: Sell Stop: 1.92 Stop Loss: 1.94 Take Profit: 1.86 Let me know what you think. Have a good trading day!!
Short
by Kipyegonn