GBPNZDLately on GBPNZD the price on the 3 months timeframe has swept previous 3 months high and went back inside the range and also there was a daily inverse fair value which acted as resistance and the price closed below it
GBPNZD trade ideas
DeGRAM | GBPNZD rebounded from resistanceGBPNZD rebounced from the resistance and 127.20% fibo inversion.
The market broke and closed below the support level of 2.1000, which became the resistance.
On the D chart, the market is consolidating.
We expect a 50% pullback from the resistance if the price makes a false breakout of the resistance.
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GBP NZDIdea Long
Trend Line
Trend UP
GBP NZD 📈 Buy Limit 2.09620
market Price in zone : 2.09700-2.09620
VWAP SnR zone
TP1: 2.10600
Tp2: 2.12000
SL: 2.09150
Rrr: 5
GBP/NZD BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
The BB upper band is nearby so GBP/NZD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 2.089.
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break and retest set upretest of 50 ema
retest on Aoi
waiting for 15 min entry in Aoi
1:2 rr
set and forgetting after
GBP/NZD - 6 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
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"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
GBPNZD Will Go Down! Sell!
Please, check our technical outlook for GBPNZD.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 2.099.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2.085 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPNZD Bullish Confirmation. I will wait for all the news to be out for today.
There is a higher probability to but from the inverted FVG.
Using timeframesa game plan of what I do, GBPNZD using technical analyses, waiting for price to either breakout the recent higher high or even create a new higher low and continue to trend upwards
Daily Market Breakdown AUDJPY has destroyed its Short structures, making for a significant shift in market structure.
We must now let go of our original Short bias and prepare for potential Longs.
Lingrid | GBPNZD Long from the SUPPORT levelThe market is pulling back to a support level after a bullish move that creates a swap zone. FX:GBPNZD broke the previous resistance and range zone, which is the support level now. On the daily timeframe, the market broke a strong level at 2.09000. I think it might reject the support level, grab liquidity below, and then move upwards. I expect the trend to continue from the swap zone and upward trendline. My goal is resistance zone 2.10760
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
GBP/NZD Long Trade IdeaConsidering the recent decline in the NZD, I am considering purchasing GBP/NZD on the rise. Following the breakout and retest of an inverse head & shoulders pattern, I plan to wait for a 50% retracement in the bullish trend before furthering my purchases in the upward direction.
GBPNZD H&S bottom pattern - Do you agree?It looks like GBPNZD will create a head and Shoulder bottom pattern.
Check our history- Over 90% Accuracy
GBPNZD - 1H - RISING WEDGE - SHORT ENTRYIn this chart we have spotted a rising wedge which means at a certain point it will start a down rally. There series of HH & HL. we also spotted Divergence in the RSI which also indicate a down trend.
GBPNZD M15 BUY OPPORTUNITY Price just tested the trendline and bounced off to the upside. A buy opportunity is envisaged form the current market price.
Target is 50pip
GBPNZD BULLISH SENTIMENT Price successfully broke the neckline of the previously formed inverted head and shoulder pattern . This signals a bullish strength. I anticipate price to remain bullish In days to come.
Target is - 2.15859 (resistance level)
GBPNZD WHOLE TIME FRAMES ANLYSIS just as explained in the video, so its much more obvious we re on an uptrend on this
GBP/NZD may rise 69 - 103 pipsOur pivot point is at 2.0962.
Our preference
As long as 2.0962 is support look for 2.1114.
Alternative scenario
Below 2.0962, expect 2.0905 and 2.0871.
Comment
The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2.1002 and 2.0973).
Supports and resistances
2.1182 **
2.1148 *
2.1114 **
2.1080
2.1011 last
2.0984
2.0962 **
2.0905 *
2.0871 **
Number of asterisks represents the strength of support and resistance levels.
GBPNZD 8hour IHS buy/hold tp +500 pips🔸Let's review 8 hours chart for GBPNZD today. speculative buy/hold setup for GBPNZD bulls,
accumulation in range. short-term expecting pullback from overhead resistance, shorting
from resistance is a higher risk setup (bears), however focus on buy/hold for excellent
risk/reward.
🔸GBPNZD 8 hours is a confirmed bullish IHS setup, with LS/RS/HEAD of the structure
already complete, backtested the neckline so the next re-test expect breakout.
🔸Recommended strategy bulls: bulls buy/hold any dips/pullbacks close to 0650,
TP1 bulls +250 pips TP2 pips +500 pips, final exit at 2.1200. keep in mind this
is a swing trade setup for patient traders only, will take more time to hit targets.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
gbpnzd analysis elliot. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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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
#GBPNZD symmetrical triangleIn an overall bullish move, the price is forming a symmetrical triangle chart pattern formation, which is neutral in nature but can adopt a trend sentiment, which in this case is bullish. Therefore, we could assume with a higher probability that the price could break above this pattern.
In the event of a bullish breakout, we could look for a retest to take a long position at the pullback area.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
#GBPNZD inverted head and shoulder patternAs evident from the chart, the price is not only currently trading towards higher prices within a rising channel line but has also established a valid breakout from a very long-term daily timeframe inverted head and shoulders pattern.
This phenomenon suggests a high possibility of a bullish move in this currency pair, and we might witness much higher prices in the future.
If this pattern materializes, based on the one-to-one price target projection, we can assume that the price will at least reach the previous top formed on August 21st, 2023, if not higher.
However, I recommend waiting for a pullback towards the broken neckline before taking a position on this pair, or alternatively, look for the proper entry point in a lower timeframe based on your strategy.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
