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British Pound / New Zealand Dollar

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GBPNZD trade ideas

GBPNZD I Technical forecast and trading plan Welcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
6
GBPNZD PRINTING REVERSAL PATTERAN ON 1HTechnically: GBPNZD is printing Double top pattern which is clearly indicate the reversal. BXY is Bearish on Daily time frame ZXY is bullish on daily time frame Fundamentally: COT reports of this week and previous weeks clearly shows that Big players consistently increasing shorts positions of GBP and long positions of NZD. Sentiments: GBPNZD 90% Shorts. Trade Plan: Entry :2.17825 Stop Loss: 2.18960 TP1: 2.16671 (1:1) TP2: 2.15535 (1:2) Take Trade Your own Risk Good Luck
Short
by rizwanahmed0603
1
#GBPNZD more bearish move to comeThis is my prediction for GBPNZD for the next couple of days. As you can see in the chart, the price seems to be completing a 5-wave bearish impulsive move, which could end by tomorrow. Following this bearish move, we could assume a bullish corrective ABC formation, which could take us all the way back to the level indicated by the arrow. From there, we could expect another impulsive bearish move, which could be either wave 3 or wave C. We do not know this for sure at this point, so we should wait and analyze the price action once the time is relevant. Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
by mohemati
8
GBPNZD - Long from bullish order block !!Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 2.15000. Fundamental news: Tomorrow (GMT+3) we will see result of Interest Rate on GBP, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBP/NZD Analysis and Sell Trade Review ### GBP/NZD Analysis and Sell Trade Review #### Market Context: 1. **Swing High Taken Out**: This indicates that the market has reached a new high, possibly triggering stop-loss orders from traders who were short. This event often signals a potential reversal or significant pullback as liquidity above the swing high is captured. 2. **Fair Value Gap (FVG) Created**: An FVG represents a price imbalance where the market moved rapidly, leaving a gap in the order flow. This gap can act as a resistance area where the price might reverse or consolidate before continuing its previous trend. 3. **Change in Status Delivery**: This term suggests a shift in market dynamics, potentially indicating a change from bullish to bearish sentiment. This change might be confirmed by a break in market structure, such as the formation of lower highs and lower lows after the swing high is taken out. #### Sell Trade Setup: Given these conditions, here is a structured approach to a sell trade: 1. **Entry Point**: - After the swing high is taken out, wait for the price to enter and react from the FVG. Look for bearish reversal patterns or confirmation signals, such as bearish candlestick formations (e.g., pin bar, engulfing pattern) or a break below a key support level within the FVG. 2. **Stop Loss**: - Place the stop loss above the recent swing high or above the upper boundary of the FVG. This helps protect against false breakouts or continued bullish momentum. 3. **Target Levels**: - The first target could be the nearest significant support level or the low of the previous consolidation range. - Further targets can be set at key Fibonacci retracement levels or prior swing lows, where price might find support. #### Trade Management: - **Risk Management**: Ensure a proper risk-to-reward ratio, ideally aiming for at least 1:2 or 1:3. - **Trailing Stop**: As the trade moves in your favor, consider trailing the stop loss to lock in profits and minimize potential losses. - **Monitoring News and Events**: Keep an eye on economic news and events that might impact GBP/NZD, as they can cause sudden market volatility. #### Example Scenario: - **Entry**: After price takes out the swing high and enters the FVG, a bearish engulfing candle forms, indicating a potential reversal. Enter a sell position at the close of this candle. - **Stop Loss**: Set the stop loss above the swing high. - **Take Profit**: Set the first target at the previous swing low, and additional targets at further support levels or Fibonacci retracement zones. By following this structured approach, you can manage your GBP/NZD sell trade effectively, aligning with the observed market conditions and technical analysis.
Short
by Asif_Brain_Waves
Trade Alert: SELL Now to 2.12, Then BUY Big to 2.20??This pair has surged over the past few weeks, nearing last year’s high at 2.158 and approaching several key high timeframe (HTF) levels. First, we have the 2020 spike high, which reached the monthly SUPPLY/SELL zone created in June 2016. As shown in the chart below, just above that zone is the 61.8 FIB level from the Brexit decline that began in August 2015. We are likely heading towards these levels soon. However, I anticipate a short-term sell-off towards the 2.12 level first, given the extreme overbought conditions across all lower timeframes, coinciding with last year's high. My strategy is to wait for the next SELL signal on the 2-hour to 6-hour charts using my TRFX indicator, targeting the 2.12 level. I will closely monitor this setup, as the drop may not reach 2.12, and will trail my stop after securing the first 100 pips in profits. As mentioned, this pair is likely heading towards 2.20 or higher in the coming months. Therefore, I plan to buy into the short-term dips to target those higher levels. To confirm this, I want to see a retracement towards 2.12, followed by a bullish signal. Given this pair’s nature, it could easily surge to 2.20, presenting a significant selling opportunity with the potential for substantial profits. Share your thoughts in the comments, and don’t forget to hit the follow button if you like my ideas!
Short
by TheFxAce
5