A short trade opportunity has just presented itself on the GBPNZD trading chart! This is evident from the bearish inverted pin bar candlestick which closes just below the 1.94773 daily horizontal resistance level and signals a rejection of the price level. A stop at 1.95186 (about 45.1 pips) and a target at 1.92400 (about 233.5 pips) could see you in the region...
Short position taken – 1H - Although in bigger timeframes the trend was bullish but it showed weakness and cannot pass the last week high and reverse from it. In 1H timeframe, it broke the last low (1.96205) which created last high and also it passed the ascending komu. I entered the short position and the TP is last week low. R/R = 1:2.07
The long position is taken – 4H -Daily timeframe I checked and last day candle barriers are HL and HH, in 4H also I see the start of a movement from a 4H demand zone, although price broke an ascending channel it was above a fat ascending komu. Also in lower timeframes, I see HL and HH. I enter the long position and the TP is last week High. R/R = 1:1.1
NewZealand Kiwi is pretty weak across the board and here on this pair, the breakout has quite a bit of volume behind it. It's a long trade! Happy Trading folks! Cheers!
Critical level : 1.94124 Key Level : 1.95439
the Pair can be trading in a corrective cycle for an impulsive wave, or a beginning of a bearish impulsive cycle. in both of the above cases the pair can grant us an easy 150 pips with a short positions from current levels. Good Luck !!
- Price has been supported for a trendline since last December -Broke out to the down side - Now retesting - Pin bar in the H4 rejecting area of resistance (there's also a candle in the daily chart rejecting this area) - Waiting for confirmation (e.g. bearish engulfing candle) - Posible target to previous area of buyers What do you think?
#gbpnzd is currrently sitting near a weekly resistance of 1.94516 and is retesting the area. It had a clean break to the downside, is retesting, and if the ceiling holds, could mean months of bearish momentum. With the setup that i have made, it is about a 300 pip risk before the Stop loss and a 2,250 pip gain down to the previous low of 1.68607. I think if you...
Look to catch a ride up on the GBP NZD. Analysis is on the chart, Looking to enter on the cypher, somewhere on the 1HR then I'll probably hold for a while
In my opinion two touches to lower level of RSI will lead to massive buyers jumping in and keeping some fundamentals in view I think it will soon touch and cross 2.0000 Psychological Level.
Still bullish on the pound and I have clearly identified an order block above the channel we have been trading in. You can open longs on this pair to take your profits above once price crosses over the 2.0000 - 2.04444 area
Gbpaud - daily chart - Good swing trade setup here, clear break of bullish structure on weekly chart calling for a deeper pull back. Decent risk to reward.
The GBP has shown a little strength (and I mean a little), more sideways movement, but this could get us back up into an area of resistance I've marked on the chart, then we'll sell that down to the final target of the attached much bigger Head and Shoulders move that I'm still in since May 16 from the top of the Right shoulder.