GBPNZD: Growth & Bullish Continuation Balance of buyers and sellers on the GBPNZD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals111
GBP/NZDGBP/NZD I have the following preview of this pair>>🖊️ On the Daily chart we tested the long M2_Daily, when the market reacted with a bullish moment. On the 4HTF we closed below the Long and Short M2 when we are holding below these zones and at the same time we are below the wpoc and we tested the wval, this is short for me. Of course we will see what the market offers on Monday. I have zones set that I will monitor.👀 📝by Franz0FX0
GBPNZD 1H We have an overall bullish market on our 1H timeframe with price giving us a clear price action. We saw price rise to form new higher high and higher low this week. On the last day of week (Friday) we saw price rise higher to shift back into bullish structure into bullish market structure after reacting to an unmitigated 1H demand zone. Left behind the new bullish trend is a new unmitigated demand zone with fair value gap and an inducement zone above our true zone. Our Fibonacci retracement tool indicates price has reacted to a premium price of the trend Above our 1H trend is a supply zone with high chance of being inducement due to three reasons: 1. We had a 1 2 price push before losing power to buyers that are now controlling the market. 2. The internal structure shift may result to price reacting to higher timeframe bullish trend rather than continue bearish as one would expect. 3. We have trendline liquidity above this supply and a high of week which couls be good target for liquidity due to price being bullish. Longby ZIPHO67110
GBP/NZD Hits Highest Level Since 2016: Is a Move Down Ahead?The GBP/NZD is currently testing its highest price in recent years, nearing the significant resistance level of 2.1900. This area has served as a notable barrier since 2016 and often sees increased selling interest. The price action in this zone, combined with the emergence of a harmonic pattern, suggests a potential reversal or correction. Furthermore, recent price movements, particularly the candles from October 30 and 31 breaking below the low of October 29, indicate rising bearish momentum, reinforcing the possibility of selling pressure in the near term. Bat Harmonic Pattern Structure A Bat harmonic pattern is developing in the GBP/NZD chart, providing additional reversal signals near historical resistance: Point X: The starting point of the move, at a previous significant high. Point A: The bottom of the initial correction. Point B: The price retracement to the 38.2% level of the XA extension. Point C: The second correction reaching 88.2% of the AB move. Point D (Potential Reversal Zone): Near 2.1847, aligning with the 88.6% level of the XA extension and the resistance at 2.1900, indicating an optimal area for potential sell opportunities. The Bat pattern suggests a crucial resistance level where buyers might struggle, especially considering the proximity to historical highs. Price Action Analysis and Sell Signals Recent price action further highlights selling interest: Selling Pressure at Highs: The October 30 and 31 candles broke below the October 29 low, signalling possible exhaustion of the bullish trend and indicating increased seller interest. This behaviour raises warning signals for a potential short-to-medium-term reversal. Potential Move Down Ahead Given the convergence of the harmonic pattern and historical resistance, a short strategy is advisable between 2.1800 and 2.1900. Here are critical points to consider for GBP/NZD: Potential Sell Zone : The resistance between 2.1800 and 2.1900 represents a prime short zone, combining the D point of the Bat with historical resistance. Primary Target : The support around 2.1400 corresponds to the B region of the Bat formation, typically the first target when trading harmonic patterns. Secondary Target : Should a breakout continue, the next significant support is near 2.1000, coinciding with the C level of the Bat formation. Traders should remain cautious of any breaks above 2.1900, as this could indicate a breakout above a crucial resistance level on the daily chart. Conclusion The GBP/NZD pair is in a complex technical setup, presenting potential opportunities for short positions due to the confluence of the Bat harmonic pattern and the historical resistance at 2.1900. With signs of selling pressure evident in the recent price action, especially following the candles on October 30 and 31, traders should closely monitor this region as it may signal the onset of a correction. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.Shortby Marketscom4
GBPNZD Fri 01 NovH4 : Bullish Trend, Levels 1 & 2 Completed price retracing to key level H1: ChOCH High identified. Retracement Patterns IdentifiedLongby BrouEbo0
Buy to SellPound Kiwi, might create another high after suffering from a drop. Rejecting 2.17000 and stability under this barrier might facilitate the sell trajectory. Alternatively, hovering and stabilising above 2.17000 will likely ensure continued buying momentum.Longby Two4One40
Scenario GBPNZDFrom the higher timeframe we see a double peak where the last second peak is made up of two parts which are another double peak at the end, which is a strong short signal for meShortby Sony970
GBP/NZDGBP/NZD. I have the following preview for this pair>> I would expect Liq to reach, on 4H TF we are Bullish. On 30M TF we closed above today's VAH and we closed above the short m2. I have a lot of support below me that the price should hold >> we have wPOC, 2x M2 Long, vpocr and the edge of 4H M2. I have a stoploss below the second Longovoz M2 with PT on the Liq selection and hitting the untested short M2.Longby Franz0FX0
GBPNZD 4hr BUY STOP GBPNZD 📈 4hr BUY STOP 📈 💰BUY STOP: 2.17273 💰STOP LOSS: 2.16528 TP TARGETS 🎯 TP1: 2.18024 🎯 TP2: 2.18765 🎯 TP3: 2.19507 ✅ 1. Daily Time Frame: Price has been breaking bullish and trending above the 10/50/200 EMAs. ✅ 2. 4hr Time Frame: Price has made a valid pullback into the 10 EMA with at least 2 bearish candles. ✅ 3. Price has made a 123 Advanced Engulfing candle above the 50ema. This is a great example of the 123 Advanced Engulfing strategy. NOTE: If price does not reach my BUY STOP level and fails below the 50ema then I will cancel the buy stop order, very important we do this and not accidently leave the position on.Longby angelvalentinx1
GBPNZD | 29.10.2024SELL 2.17700 | STOP 2.18500 | TAKE 2.16700 | During the European session, the pair's quotes grew smoothly and are currently holding around the 2.17700 mark. We expect a corrective downward movement. Some pressure on the pound's position is exerted by statistics on retail price indices. This indicator also indirectly indicates a further easing of inflation risks, allowing the Bank of England to move to a more aggressive reduction in borrowing costs.Shortby ProPhiTradeUpdated 0
GBPNZD: Expecting Bullish Movement! Here is Why: Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPNZD pair which is likely to be pushed up by the bulls so we will buy! ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals111
GBPNZD | 28.10.2024SELL 2.16700 | STOP 2.17700 | TAKE 2.15700 | Down moving to local support range.Shortby ProPhiTradeUpdated 0
Sell.gbpnzdCurrently trading in a strong buy trend buy weekly strongest supply zone reached 100% sure it will respect it again and big fall coming minimum sell tp 500 pipsShortby forexagent3
GBP/NZD SHORT FROM RESISTANCE Hello, Friends! Previous week’s green candle means that for us the GBP/NZD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 2.160. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals111
BUY GBPNZD - entry strategy explained Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button. We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today! www.tradingview.com Long03:16by Simply-Forex4413
GBPNZD Pushing itself in a buy directionHello Traders In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes GBPNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters20001
GBPNZD At its resistance Point. Ready for SellAs the market is running above a trend line which is acting as support for the price. now the market is facing a resistance level, where rejection is possible.Shortby KhanFx122
GBPNZD longGBPNZD jus completed a correction with a clear breakout for long (Daily resistance broken). Looking to swing this possibly until the boxed area.Longby Tradingdeck1
GBP/NZD long trade Education purpose onlyRecently, we saw weakness in NZD and strength in GBP. So, maybe this will move GBP. Let's see what will be happening...Longby MahabubAabirUpdated 113
GBPNZD A Fall Expected! SELL! My dear followers, I analysed this chart on GBPNZD and concluded the following: The market is trading on 2.1630 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 2.1480 Safe Stop Loss - 2.1717 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals4