GBPNZD bullish Bias "Found bullish divergence accompanied by the completion of an ABCD pattern at the Potential Reversal Zone (PRZ) and coinciding with a support level."
GBPNZD.P trade ideas
GBPNZD looks in bullish trendGBPNZD looks in bullish trend making higher high and higher low and we can see bullish divergence and double bottom pattern that's why i am taking buy stop entry here .
GBPNZDGBPNZD has given the clean breakout of long term consolidation. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 2.0600 followed by 2.0800
GBPNZD..BUYOANDA:GBPNZD BUY position can be taken in the specified ZONE
There is no position before the ZONE
Buy GBPNZD IdeaI forecast that GN is going upwards, not only it reaches 0.618 daily fibo, but showed minor triangle pattern in H1, target at nearest resistance as showed in video
GBPNZD ... Potential "Counter Trend Trade" for Next Week - AtlasGBPNZD ... Potential "Counter Trend Trade" for Next Week - Atlas
GBPNZD Expected Growth! BUY!
My dear subscribers,
This is my opinion on the GBPNZD next move:
The instrument tests an important psychological level 2.0435
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.0572
My Stop Loss - 2.0366
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBPNZD - Buy SetupGBPNZD broke the previous LH which shows the commencement of the Bullish trend. Moreover, there is a DOUBLE BOTTOM along with Bullish Divergence which strongly support the Bullish Setup.
GBPNZD (H4): possible uptrend.GBPNZD is in a balance zone, and the price on H4 is undergoing consolidation.
A rise is very likely.
GBPNZD LongThe idea is GBPNZD long. As you can see firstly we have the last line (E) which shows us an exhausted movement in bear way. We have to consider that we can take the 2 circles as double bottom which is not verified yet. Also the support there with combination of the bullish RSI helps us to consider that the price movement could be for the GBP. The best option to enter in position is to be when the double bottom is verified so that means at point (B).
Please befofe entering in position do you own research.
GBPNZD looks in bearish trendGBPNZD looks in bearish trend makes lower low and lower high and there is not any kind of reversal indication that's why most probably it will go in bearish side that's why i am taking short entry
what you guys think of thisin my opinion, it's forming a reverse head and shoulder and has to be bullish in the future. I'm a beginner so what are your thoughts?
Sell GBPNZD Bearish ChannelThe GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Bearish Channel: The price has been trading within a descending channel characterized by two falling lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure.
Sell Entry: Consider entering a short position around the current price of 2.0420, positioned close to the channel resistance. This offers an entry point near a potential reversal zone.
Target Levels: Initial bearish targets lie at the support levels of 2.0335 and 2.0285, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 2.0480 This helps limit potential losses if the trend unexpectedly reverses.
GBPNZD - 4hrs ( Sell Trade Target Range 180 PIP ) 💵Pair Name GBP/NZD
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short ) Mid Term
Type : Mid Term Swing
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Bearish / Break
2.05200 Area
Reasons
- major Turn level / M
- Choch Low
- Fixed Poc Area
- Fibo Golden Zone
- M + D low
Bullish
2.03600 Area
reasons
- Major Turn level / D
- Fixed Range Value Area
- Pattern Target
- Fibo Golden Zone
- Quarter's low Area
GBPNZD SELLSWe might see reversals back to 2.0756 for entry to continue sells as it still appears bearish.
GBP/NZD: Analyzing Momentum Shifts Amid Central Bank DynamicsThe GBP/NZD pair has lost momentum for a possible rebound, regardless of Bank of England Governor Andrew Bailey's tempered remarks regarding the pace of interest rate hikes, despite presiding over a divided decision. This shift in sentiment has prompted a breakdown in price support around the 2.0500 area, followed by a subsequent retest and further bearish momentum. The price remains firmly below the 50-day moving average, signaling a strong inclination towards further downside movement.
While both the Bank of England (BOE) and the Reserve Bank of New Zealand (RBNZ) have embarked on a tightening path, the impact on the sterling has been somewhat subdued. Expectations from both central banks now appear to be more evenly balanced.
In light of these developments, we anticipate a continuation of bearish sentiment in the GBP/NZD pair, focusing on utilizing price action signals to guide our trading strategy.
GBPNZD - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern.
Strong bearish momentum.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
GBPNZD in bearish trend GBPNZD is forming lower highs (LH) and lower lows (LL). According to Dow Theory, this suggests that the price may continue moving lower.
"Remember to always follow the risk-reward ratio and allocate only 0.5% to a maximum of 1% of your portfolio per trade."
DeGRAM | GBPNZD potential shorting opportunityGBPNZD pulled back to the support level that was tested two times. Usually, the price breaks the level on the third attempt.
The market has bearish sentiment, and there is a high chance that the price will continue moving south.
We expect price action to make a pullback and go down to test the lower border of the descending channel.
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GBPNZD Possible Short PositionBBMA OA Strategy:
H1 - Candle close Below MAHI
M15 - CSM ((when candle close outside the Top/Below BB))/Candle Close below 50 EMA
M5- wait for Reentry in MAHI or ReTest of Yellow Box
Note:
* 1:3 RRR (30 sl, 90 tp)
SELLSELL without stop loss
SELL without stop loss
SELL without stop loss
SELL without stop loss
SELL without stop loss
