GBPNZD LongGN has tapped into 4H Demand, and lower TF shows RSI Divergence for the entry. Lets get it.
Gbpznd
GBPNZD | Breakout from Distribution
GBPNZD has been in distribution phase and has given a breakout from the box. We are expecting a good bearish spell in the making. One can adopt sell on strength strategy on it.
Alternatively, breaking above the distribution box will call back the bulls in the party and we can see ATH from there on.
Trade your levels accordingly.
gbpnzdThere is a move showing a bullish divergence on the rsi day and the price has established an uptrend .
What is happening here? Spiral festI am seeing weird curvy channels being formed like fibonacci channels.
Here is a psiibility of what price could do it it continues folowing these channels.
Am I crazy seeing this? this is a new type os analysis to me.
Bearish Trend Downside Towards Support 1.8800$Trens Under correction downside daily to weekly base.
Both pairs currently sideways Pound and NZD
🛑SUPPORT/RESISTANCE
✅S1= 1.9000
✅S2=1.8800
✴️R1=2.400
✴️R2=2.800
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GBPNZD breakout the uptrend channel!!this analysis related to my previous roadmap on GBPNZD (link attached below!), as we can see that price reacted to the daily resistance level and might have a chance to go lower if seller manage to push the price to the 2.011 support level,.. good luck!
Plan : wait for price to bounce off from resistance level (or retrace) --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPNZD potential down move PREDICTEDWe analyze GBPNZD's corrective structure is about to end. Look for a down move on this pair!
GBPNZD Trade IdeaGreat opportunity for GBPNZD. Please note my ideas are not trade signals and are my opinions on future price action. Stay safe and stay warm. Happy Holidays.
GBPNZD forecast on daily**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPNZD 1hr shortGBPNZD 1hr short
Last week fake out on recent high, now price can clear below equal lows
GBPNZDShould have posted this earlier but wanted to see this impulse move to make sure of this potential move
GBPNZD SS + 102 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.8468
Stop = 1.8488
Risk = 20 pips
Profit target = 1.8366 ( The projected daily low )
Reward = +102 Pips
RRR =5-1
2nd Entry = 1.8436
Stop = 1.8461
Risk = 25 pips
Profit target = 1.8346
Reward = 90 Pips
RRR = 3.6 - 1
I would appreciate if you leave a comment or like as a thank you
Allen
GBP/NZD SELL GBP/NZD has hit resistance therefore has gone down, and it will keep going down, it is still a good entry if you enter now.
Ready to sell......according to bearish divergence and current location near red resistance area.
Targets: 1.750 -> 1.715
GBPNZD@Correction Ahead Before Massive Sell OffPrice in gbpnzd is moving south after breaking out two support levels, a short term and a medium one (red trendlines). I was waiting a correction earlier but till now it hasn't happened. We now have breakout of the trendline which represents the resistance of that downmove. In RSI it's more clear that we have a resistance breakout meanwhile it's obvious that there is a bullish divergence with price action.
Still our main setup in this pair is entering short after the correstion will be over but i believe that this is the beggining of that correction.
I will trade this setup entering two positions. Both have stoploss below previous low. As for target i aim for two fib levels of the impulsive move which broke the support levels. 0.382 and 0.618. If price reaches the first one i'll place stoploss to breakeven to the other one.
Like and comment,
John
