GBPNZD LONGGBPNZD seems to be ready to make a big move to the upside. Looks to have printed an inverted H&S pattern. I would like to see it make a big move out of the consolidation zone. I will scale my entire position once it retests the neckline.
GBPNZD trade ideas
GBPNZD Weekly Analysis and OutlookGBPNZD Weekly Analysis and Outlook
This week, the GBPNZD pair has shown a strong upward trajectory, closing in a bullish continuation phase. This upward momentum indicates a positive sentiment among traders, suggesting further potential for growth.
Current Market Overview:
The pair has been steadily moving upwards, supported by favorable market conditions and bullish sentiment. As it approaches a key resistance zone, traders should closely monitor the price action. A successful break above this resistance would likely confirm the continuation of the bullish trend.
Expectations and Potential Scenarios:
Upon breaking the resistance zone, we anticipate that the GBPNZD will continue its upward momentum. This breakout could open the door to higher levels, offering traders potential opportunities to capitalize on the bullish trend.
Primary Expectation: If the resistance is broken, the price is likely to sustain its upward movement, potentially targeting higher resistance levels. This scenario would reinforce the bullish outlook, making it a favorable environment for long positions.
Alternative Scenario: However, if the price encounters strong resistance and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at lower levels before resuming the upward trend.
Conclusion:
In summary, the GBPNZD pair is poised for further upward movement following its recent bullish phase. Traders should watch for a decisive break above the resistance zone, which could serve as a catalyst for continued gains. Maintaining awareness of both bullish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly.
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GBPNZD - Bearish Breakout + DivergenceTaking a look at the 1 hour timeframe, it's quite noticable that we have a clean breakout to the downside along with bearish divergence with RSI.
This isn't much of a surprise as this pair is heavily overbought on the daily and weekly timeframes.
Next week we get the latest policy decision from the BOE which likely will contribute to stirling weakness heading into the meeting.
NZDUSD LONG | GBPNZD SHORTPotential buy opportunity on NZDUSD
One main opportunity along with a backup trade in case the 1st main trade failed.
1st Main Trade:
Entry Price: 0.58890
SL: 0.58790
TP: 0.59300
R2R : 4.1:1
Backup Trade:
Entry Price: 0.58822
SL: 0.58706
TP: 0.59300
R2R: 4.12:1
On the other side I took a cross pair trade GBPNZD along with the Major Pair NZDUSD
Entry Price: 218336
SL: 2.18498
TP: 2.17548
R2R: 5.33:1
Goodluck !
Upcoming short/reversal on GBPNZD in the next few daysMy FICO indicator works by making a DXY-like index for each currency, then plotting their rate of change on an oscillator to show relative strength/weakness. When two currencies are on opposite ends and change directions, it is an entry signal.
In this case, GBP (dull green, top) and NZD (lime green, bottom) are on opposite sides of the oscillator channel. The directional flip has not happened yet, but it is inevitable. We must wait for this to confirm first, since the current trend still has momentum.
I estimate it could take about 3 days for the trend to finish, and over that time, price could visit anywhere in the 2.12556 to 2.16300 level. Once we enter, we'll target about 1080 pips short and let the trend ride in our favor. This can change depending on what the price actually does in the next week and is also based on current values.
GBPNZD Simple Trade Plans For SwingsGBPNZD has rallied significantly on GBP strength / Antipodean weakness.
From a Technical perspective, we are at short value areas (previous price rejection).
1) Price Action level areas hit now, selling bias.
2) Market Sentiment longer term likely to support short case.
Second areas above, and below.
GBPNZDGBPNZD price is in an uptrend. The price has an opportunity to test the resistance zone. 2.18438-2.19213 If the price cannot break through the 2.19213 level, it is expected that there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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*Always follow your trading plan regarding entry, risk management
DCF Bets: GBP+3/NZD-7Today's market presents an opportunity for a long bet on GBP+3/NZD-7 with a risk-to-reward ratio of 1:1. I've set a limit order at the beginning of GBP's demand zone, which will expire by the end of the day at 23:00 GMT+2. My total risk for this trade is ≈2.5%.
GBPNZD ... 2 entery for position Hello dear forex trade
This price action for GBPNZD
I sell in two steps...
the first is with the confirmation of the candlestick pattern on the lower time frame... for the second sale, I wait for a new HH after it is rejected, I enter another sell step... this setup is a combination of rtm price aaction and Fibonacci
Good luck
mehdi
GBPNZD: New High and More Growth?! 🇬🇧🇳🇿
GBPNZD violated a key daily resistance based on an important historic high.
The market now opens a potential for a further bullish continuation.
Next resistance - 2.18
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#3072024 | GBPNZD Supply Zone 1:16 Supply Zone Appears in H4 Time Frame Looking Price Action for Long Term Sell Risk and Reward Ratio is 1:16
After 50 pips Profit Set SL Entry Level
"DISCLAIMER" Trading & investing business is "Very Profitable" as well as risky, so any trading or investment decision should be made after Consultation with Certified & Regulated Investment Advisors, by Carefully Considering your Financial Situation.
GBPNZD: A Kiwi's RevengeI strongly advise against making trading decisions based solely on humorous or anecdotal information. Financial markets are complex and influenced by numerous factors.
That said, here are some lighthearted, fictional reasons "why" you might consider shorting GBPNZD (please don't actually do this!):
The All Blacks Curse: The New Zealand rugby team is simply too good. Their dominance is inevitably causing the Kiwi dollar to soar while the Pound cowers in fear.
Sheep Overpopulation: New Zealand has an absurdly high sheep-to-human ratio. These woolly creatures are secretly manipulating the NZD higher with their psychic powers.
Hobbit Home Prices: The rising cost of living in Middle-earth (New Zealand) is causing a property bubble, which will inevitably burst, dragging the NZD down with it.
Marmite Shortage: A global Marmite crisis (a staple in the UK) will lead to widespread panic and a plummet in the Pound.
LOOOL
23.07.24 GBPNZD OutlookWaiting to see whether price expands into -4 to -5 standard deviation range or whether we see a reveral at -2 to 2.5 range.
GPDNZD price has been moving towards the 2019 high which it has subsequently broken and we are now waiting on a market structure shift or change of structure prior to confirmation of entry.
GBPNZDGBPNZD price is near the resistance zone. 2.16017-2.16223 If the price cannot break through the 2.16223 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
*Always follow your trading plan regarding entry, risk management
Best Place To Sell GBP/NZD And Get 300 Pips At Least !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/NZD SHORT FROM RESISTANCE
Hello, Friends!
GBP-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.148 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/NZD pair.
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DCF Bets: GBP+2/NZD-6Good morning, traders!
Today's market presents an opportunity for a long bet on GBP+2/NZD-6 with a risk-to-reward ratio of 1:1 or better. I've set a limit order at the beginning of GBP's first demand zone, which will expire by the end of the day at 23:00 GMT+2. My total risk for this trade is ≈5%.
GBPNZD - Potential reversal / failurePossible reversal point.
No confirmation yet.
Look for sell opportunities if price fails.
gbpnzd sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
buy on GBPNZDwe have two arch symmetrical triangles forming the structure of the Paire having both of them forming an even bigger symmetrical triangle that has already been broken out with an impale that further confirms the upwards movement, moreover, having an inverse head and shoulder forming inside the pattern and has been broken out the zone of the neckline.
GBPNZDThe GBPNZD pair is approaching the top (Higher Highs trend-line) of the 7-month Channel Up and has already completed a +4.40% rise since its recent Higher Low. That is the exact rise % that the previous two Bullish Legs of the Channel achieved.
As a result this is close to the most optimal sell signal we can get. Both previous Bearish Legs that followed such top sell signals, reached at least the 0.618 Fibonacci retracement level. Therefore, our short-term Target on this pair is 2.09500.
GBPNZD - Channel topSterling is back for the first retest of resistance at 215. Looking for multiple tests of this level
before a break to the upside.
Momentum suggests price is OB presently. For the near term, Sterling is likely to turn lower to test channel support.
From there a third touch for a Double Top.
The Gartley would complete a channel break and then a fourth attempt to break resistance.
It is just an idea.
