GBPNZD: More Growth is Coming?! 🇬🇧🇳🇿
GBPNZD has a perfect potential to continue growing
after a violation of a resistance line of a consolidation range on a daily.
Next resistance is 2.187
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GBPNZD trade ideas
MY GBPNZD SHORT IDEA 01/11/2024Direction: Short
SL: 2.16529 - 2.16417
Indicators:
1. MA (20,50,100,200)
2. Trendline - Algo
3. Support and Resistance
4. I also use MT5 - Tradingcentral tools
Time Frame: 4h (I also use other time frames mainly 1D because I like to trade for long period of time)
Technical:
1. MA 20 (Yellow) still above 100 and 200 signaling a bull bias but I think this is a pivot and it is the beginning of a bearish setup I think the MA 20 will fall below the 100 and 200 soon.
2. Green trendline was broken previously so I'm looking for a breakthrough the red trendline.
3. Price respected the resistance zone and is falling backdown to support.
5. Tradingcentral tool signaling DECLINE on all time frames but the 1D time frame at the moment.
Fundamental and economic:
1. GBP economy has been stabilizing and mildly bullish recently but then took a small hit after the 30 year green gilt auction.
2. NZD has been struggling a lot but I think the upcoming week is in favor for NZD with their unemployment news.
2. I use Edgefinder tool which shows me a score of 4 "Neutral" and it also shows me -5 "Bearish" for GBPUSD.
3. Q4 historically is bearish for this pair according to the seasonal indicator by Tradingview.
GBPNZD FORECASTAfter having this pair in the list for some weeks now we can see this pair has reached the potential area and everything is looking good for all time frames. All we need is lower timeframe confirmation that will be our entry zones. Let's watch this with a close eye!
GBPNZD IS ON STRONG SUPPLY ZONE Looking at the chart the marking is currently laying on a strong zone which we expect the price to restest the previous supply zone which comes exactly on 0.618- 0.5 fib level to give a perfect entry for short entry
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.
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GBP/NZDGBP/NZD. I have the following preview of this pair>> from 4HTF we are Bearish because we closed below the long M2. Now we have a rebound from the Daily M2, I would expect the Gap to be reached now. On 30MTF we are above VAH and vwap, here I am waiting for the candle to close above these zones and then I would look for longs here.
#37102024 | GBPNZD Supply Zone 1:15GBPNZD 1:15 Supply Zone Appears in D1 Time Frame Looking Price Action for Long Term Sell
Risk and Reward Ratio is 1:15
After 50 pips Profit Set SL Entry Level
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01.11.24 Morning ForecastPairs on Watch -
OANDA:JP225USD
FX:EURUSD
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!
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 pips
GBP/NZD Ready For Some Bullish ActionGoing long on GBPNZD for 3 reasons
1. Breakout Confirmation
2. Inverted H/S neckline breakout confirmation
3. 1:2 Risk to Reward.
Price may continue to move higher if the data release doesn't mess stuff up for the pair this week.
Note: Trade with caution and manage your position volume wisely.
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 Charts
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.
GBPNZD, Cup and Handle FormationTrade plan 1
Cup and Handle Pattern
After cup completion, handle in progress
Short sell trade on bearish channel of handle
Short @ CMP
68% retracement completed
Target at Channel Bottom
Stoploss on channel break
Trade Plan 2
Wait for completion of handle
After break of bearish channel, take entry
Ride Long position
1:5 risk to reward can be targets
Bearish BAT formationThe formation has become active and has reached its first target. After this, it may want to go to the other target, 2.18NZD levels are a strong resistance zone.
30M Bearish Breaker Block Tapped, GBPNZD to move down30M Bearish Breaker Block Tapped, GBPNZD to move down
GBPNZD - LONGHey Traders. What about to drink a little bit British tea or New Zelland coffee?
Good Luck!
RR=2 buy ideatrend strongly bullish in the long term + bullish shark pattern + breakout of double bottom's neckline ; expecting the price to rise
Ps never risk more than 2% of your capital per trade
GBPNZD next possible moveWe are waiting for our asset to reach our action zone, and based on the reaction, we’ll decide on our next moves.ALWAYS WAIT FOR A CONFIRMATION TO SEE IF THE PRICE VALIDATES THE ZONE.
GBPNZD - Post-ECBGenerally I like commodity assets after the election - which can be viewed as contrary to consensus - but GBPNZD should get some help lower after BOE rate cut. I am already in profit and added a second bullet taken this morning. Red lines are entries areas and green and yellow are targets 1 and 2. Trade small and handle drawdowns with proper techniques. See links for trading academy.
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.
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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.👀 📝
