GPBNZD Weekly NEEDS TO PULL BACK SOON!!!GBPNZD
Has been bullish for 28 days without any type of healthy pullback, we know what happens next. there are multiple strong confluences around 2.14794 - 2.14936
Confluences
has moved 867 pips in 24 days has found resistance.
Has been bullish for 28 days is currently struggling to close above 2.1483.
There is a Trendline from march 2020 which it is currently reacting off.
It is reacting off a rejection point 2.14775
Rejecting off -0.27 Fibonacci target
GBPNZD Daily TF
2.12389 - 2.12118 is my area of interest where think GBPNZD will pull back to which works out
230/260 pips then we should see an reaction from that area
GPBNZD 4Hr TF
Reasons to turn bearish
Currently struggling to break 2.14831 and close above.
Triple tap.
Nice 4hr rejection candlestick.
Moved 800 pips which means there needs to be a pull back nothing keeps soaring without a pullback.
My area of interest is 2.12389 - 2.12118 is where I expect to see a pull back to and we should see an reaction.
GBPNZD 1Hr TF
Confluences
1hr candlestick rejection
Triple tap
rejecting off 0.786
Struggling to close above 2.14831
Gpbnzd
GBPNZD - Another consolidation ✅Hello traders!
‼️ This is my analysis on GBPNZD .
Here price is in another consolidation phase, I expect we could see AMD pattern, after accumulation price could manipulate the range and then reject from bullish orderblock to distribute higher.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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GBPNZD Potential Shorts at 1.96000!GBPNZD has created a beautiful head and shoulders formation. By looking at the chart above we can see price has cleared the neckline with a strong bearish shift. If price can pull back to 1.96000 with signs of rejection, we can look to sell this down to 1.87500. If price does not give us a rejection or if it breaks above 1.96000 we must reevaluate price action.
GPBNZD possible Long3 reasons:
1) 0.786 Fib on montly
2) RSI towards oversold on daily
3) Falling outside Keltner Channel, time to bounce back a little
Waiting for confirmation.
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Bullish breakout happeningWhen I see this chart on the 1H all I see is anomalies all over the place with price action. Volume tells the picture of what is happening and I believe based on this that institutional money is selling BEFORE they get ready to buy. There are a lot of key pieces we are seeing here compared to what volume and associated price action has done up to this point.
Compare GBPAUD and GBPCAD.
GBPNZD 500 Pip Sell OpportunityThis pair has moved up as predicted months ago, we have now hit a major turning point. Look to sell downwards for 500-900 pips.
Indicators:
Weekly RSI in strong sell zone.
Up trend line broken south
Right tip of King's Crown (head and shoulder variation) created.
Entry @ 2.000 area
Add entry @ 2.050 for possible retest of resistance area.
TP 1 @ 1.9460
TP 2 @ 1.9037
This pair will fall so don't miss out. Good luck trading everyone!
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Charles V
www.cvfxmanagement.com
@cvfxwealth
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GBPNZD Reversed Off Resistance, Prepare For Further DropGBPNZD reversed off its resistance at 1.9008 (100% Fibonacci extension ,38.2% Fibonacci retracement , horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 0.8764 (61.8% fibonacci extension ,horizontal swing low support).
Ichimoku cloud is also showing bearish cloud where a corresponding drop is expected.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
GBPNZD long opportunity around 1.9350GPBPNZD is in a strong uptrend for weeks which is included in a very long term uptrend range. Pound is recovering from Brexit so we bet on a long scenario where the pair will look for impulse around 1.93-1.9350 in order to reach 2.00-2.0150.
Below 1.9250-1.9200 we will possibly invalidate this scenario and analyze a possible long-term reversal in the very long term range in order to see back 1.85-1.80.
GBPNZD - D - LONG - TDIGood RR trade. An early entry, as PAC has not been broken yet on both daily and 4H TF. But I expect this pair to go north because of good RSI50 support and MA RSI line.
Let's see how this pair behaves in the next day. A continuation of consolidation is well possible also.
GL HF
GBPNZD: Potential Drop of Price at Resistance LevelThe slope of this median line set is working extremely well, with price finding more than once resistance at the sliding parallel above the median line. We previously saw another rejection at the level, a sign that resistance is still present. Keep an eye for a sell setup completion before shorting GBPNZD
GBPNZD SELL INTRADAY DOUBLE WAVESGBPNZD sell intraday double waves around 1.9320 – 1.9400 zone. I expect the pair to continue its down move just waiting for best risk:reward ratio that we can get here. There is a very big chance the H4 chart to create hidden bearish divergence will will be an extra confirmation for this setup.
Conservative entry will be with the break of the intraday bullish trend line to be formed. Also pay attention for false breaks around the last high that will be formed.