07.02.25 Morning ForecastPairs on Watch -
FX:GBPNZD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
GBPNZD trade ideas
GBPNZD Short I would like to take a shirt at the level with 15 pip stop loss and a target of 90 pips reward, this week we are currently up 170 pips, see if we can get some more pips! before the end of this week
GBPNZD WEEKLY I.C.II missed my first entry let's see if the market can get back to the Daily resistance for a new Entry with a good Risk/Reward Ratio
GBPNZD shortThe price here broke the last HL shifting to bearish
I waited for it to retest the broken zone then enter after having the confirmation
/posting it a bit late/
ABOUT GBPNZDMy option about gbpnzd Is more bullish so that zone is good and strong support,if the price comes to that zone it can pullback
GBPNZD Approaching Support Level: Rebound Toward 2.19400?OANDA:GBPNZD is approaching key support level, marked by prior price reactions and strong buying interest. This level has historically acted as reliable demand area, signaling the potential for a bullish reversal if buyers regain control.
The current market structure suggests that if the price confirms a rejection from this demand zone, we could see an upward move toward the 2.19400 level. This target aligns with a logical retracement within the broader market context.
Traders should monitor for bullish confirmation signals, such as bullish candlestick patterns or a series of higher lows, before considering long positions.
GBP/NZD Channel Breakout (5.2.2025)The GBP/NZD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 2.1862
2nd Support – 2.1765
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
GBPNZD Elliott Wave Forecast: Navigating a 7-Swing CorrectionGBPNZD is undergoing a complex correction within a 7-swing WXY pattern. With Waves W and X already in place, the pair is now developing the early stages of Wave Y. This analysis explores key price levels, potential turning points, and the anticipated market direction based on Elliott Wave principles. Stay informed with this in-depth forecast.
gbpnzd sell tradeThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
GBPNZD - 5 Feb 2025 SetupGBPNZD Market structure are making N pattern on the market structure with strong bullish rally. Spotted demand area (Green Rectangle). its a very good demand area structure after the price creating a higher high.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Coffee Trade Team
GBPNZD: Indicating a Strong Bearish Trend?GBPNZD seems to be trending downward after a phase of consolidation.
A break below a key support level within the sideways range signals the potential for further decline.
The price is likely to continue falling, possibly reaching the 2.1946 support level.
GBPNZD - 3 Feb 2025 SetupGBPNZD Market structure are making N pattern on the market structure with strong bullish rally. Spotted demand area (Green Rectangle). its a very good demand area structure after the price creating a higher high.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Coffee Trade Team
GBPNZD: Strong Bearish Signal?!GBPNZD appears to be in a bearish trend following a period of consolidation.
A break below a support level within a sideways trading range is a strong indication of further downward movement.
It is likely that the price will continue to decline, potentially reaching the 2.1943 support level.
GBPNZD BULLISH SETUPGBPNZD is currently in a bullish trend and the price is expected to retest the trendline .
Good LUck
GBPNZD PRINTING REVERSALTechnically:
GBPNZD printing double top
GBPNZD printing bearish divergence
Fundamentally:
According COT data
BXY is bearish
ZXY is bullish
GBPNZD LONGGN formed a bullish flag with price respecting the support zone..trade safe and be blessed
GBPNZD tradesWaiting for the market to reach either the demand or supply, whichever taps first we will look at smaller timeframes for confirmation entries
GBPNZD long positionGBPNZD is very bullish for a long time, it reacted near the 0.71 daily fibonacci level with a nice sweep and strong volume.
price have formed a nice continuation setup, im entering on the 0.79 level of the fibonacci because than my stoploss can cover the double bottoms liquidity trendline and the orderblock below.
this is for educational purpose only and not any financial advice, if you're willing to risk you're money on this trade than this is 100% your own responsibility
GBP/NZD - Reaching a weak resistance area , time for corectionHi guys , we are looking into GBP/NZD - it has had a very good uptrend the past few weeks, and it reached a very weak resistance area, which is giving us the indication that a correction is due.
Currently on 1H and 4H we reached high over-bought area with close to 0 support to remain at this price.
Entry: 2.19630
Target 1: 2.19100
Target 2: 2.18400
SL : 2.20200
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
GBPNZD FORECASTThe higher timeframe looks good guys, I'm interested in the buying scenario because of how yesterday's candle closed. However, today's daily candle when it closed can give us a clear picture of where does the market is likely to go. But I won't ignore some potential the market will provide me. When you look at the 1H timeframe we find the market gives a clear structure and shows us the sense of continuation to the upside. Let's wait guys and see how the market will pray out.
GBP_NZD POTENTIAL LONG|
✅GBP_NZD is going down to retest a horizontal support of 2.2062
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 2.2183
LONG🚀
✅Like and subscribe to never miss a new idea!✅
GBPNZD1#Bearish trendline bearkout and price cosolidate complete.
2#biger time frame trend is bulish (Daily)
3#Bulish Divergence.
my buy stop cosolidation box bearkout.
Buy stop 2.19200
Stop Loss 2.16697
Take Profit 2.21753
RRR 1:1
GBPNZD Trade Plan: Swing BUY Trade (Trend Continuation Setup)📌 Entry: Buy at 2.2000 – 2.2050 (Liquidity Grab Zone)
📌 Stop Loss (SL): Below 2.1950 (Safe Level)
📌 Take Profit 1 (TP1): 2.2150 (Break of Structure Level)
📌 Take Profit 2 (TP2): 2.2200 (HTF Resistance)
📌 Take Profit 3 (Final TP3): 2.2250 (High Supply Zone)
🎯 Risk-to-Reward (R:R): 1:4+ (High Probability Trade)
Final Decision – What Would I Do?
🔹 Wait for an H1/H4 Close Above 2.2050 Before Entering
🔹 Refine Entry Near 2.2000 – 2.2050 If Price Pulls Back
🔹 Hold for Swing Targets at 2.2150 – 2.2250
🔥 High-Conviction Institutional Setup
