GBP/NZD For Bearish after finishing its Correction waveGo Short Now
- General Trend is Down Trend
- Price Finish its Correction wave at red arrow
- its best position to sell nearby resistance area
have fun :)
GBPNZD trade ideas
GBPNZD(Short)Turtle soup and Smart Money Concept Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.
Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily)
STOPLOSS :- above or below recent swing High
1st TARGET :- Book profit 50%
2nd TARGET :- Book profit 25%
3rd TARGET :- Book profit 25%
Consisitency and hard working is the key of success.
KEY OF SUCCESS :-
*) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle.
*) Do not take risk more than 1% of Equity.
*) Take Profite Should be More then 2% of Equity .
*) Book 50% profit of running trade first and remaining 50% hold for long term.
GBPNZD (Short)Turtle soup and Smart Money Concept Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.
Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily)
STOPLOSS :- above or below recent swing High
1st TARGET :- Book profit 50%
2nd TARGET :- Book profit 25%
3rd TARGET :- Book profit 25%
Consisitency and hard working is the key of success.
KEY OF SUCCESS :-
*) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle.
*) Do not take risk more than 1% of Equity.
*) Take Profite Should be More then 2% of Equity .
*) Book 50% profit of running trade first and remaining 50% hold for long term.
GBPNZD → Realization (distribution) phase. Target 2.065FX:GBPNZD is in the phase of realization of the previously accumulated potential (descending triangle), at the moment a counter-trend correction is formed, directed to the liquidity area. The fall may continue.
The currency pair entered the range of 2.117 - 2.095. The lower boundary and the liquidity area have not been tested yet, so the potential target is still valid. The counter-trend correction is due to the counter-trend growth of the dollar against the main basket of currency pairs.
On H4, there is a conglomerate of strong resistances ahead, which may prevent the price from the first time, accordingly, a false breakdown and further decline should be considered.
Resistance levels: 2.11, 2.113, 2.12.
Support levels: 2.098, 2.085
The breakdown of the structure, character and the formed confirmation of the bear market indicates that the counter-trend correction can be stopped from the liquidity pool area, so the downward movement can be continued from the mentioned resistance
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPNZD ;)
Regards R. Linda!
GBPNZD is in Selling Direction after testing TrendlineHello 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 Risky Long! GBP-NZD is trading in an
Uptrend and the pair broke
The falling resistance
Which is now a support
Then it will retest and
Is going up again so I think
That we will see a further move up!
GBPNZD SELL SETUPThe GBPNZD has been in an extended uptrend for some time. However, it has now formed a double top and a rising wedge pattern, both of which respect the existing uptrend line. These formations suggest that a bearish reversal may be imminent.
As always we only share SWING setups
TP and SL are marked
No over risk
Once the trade is in 70 to 100 pips in profit. Move SL to breakeven
GBP/NZD Gave Yesterday +160 Pips 0 Drawdown , New Entry Valid !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.
Buy GBP/NZD Descending TriangleThe GBP/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Descending Triangle pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2.1057, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2.1167
2nd Support – 2.1231
Stop-Loss: To manage risk, place a stop-loss order below 2.0973. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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Thank you.
GBPNZD - Looking To Buy Pullbacks In The Short TermH1 - Bullish trend pattern
Currently it looks like a pullback is happening
Until the strong support zone holds my short term view remains bullish here.
Bearish Sentiment on GBPNZDSo i have my four major confluences already present which are-
*) Market structure(BoS)
*) Supply
*) Imbalance
*) Liquidity(Entry & Take Profit)
So price is retracing back up, if it successfully reaches my supply zone above I’ll either go Aggressive entry directly from the HTF or wait for Confirmation(ChoCh) on the LTF.
Note: the market is all probabilities which also makes my analysis a probability.
GBPNZD continuation of decline likely … the week of 02 Sep, 2024The monthly, weekly and daily charts all say the same thing – “Sell”
Pull backs are always nice, they add value in terms of pips, give us a better R/R and pull backs to a significant S/R zone are even better.
In this chart I am looking for a pullback towards 2.1140 , that will also bring price closer to the 20 EMA. A good target can be the next significant level around 2.0600.
Monitoring PA on the H4 and H1 is always a good idea. Evidence of bearish PA would justify taking a short trade. However, if a strong move to the up side forms, that would negate my analysis.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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GBP-NZD Resistance Cluster! Sell!
Hello,Traders!
GBP-NZD made a bullish
Rebound just as we predicted
But has now hit a resistance
Cluster of the horizontal and
Falling resistance lines
Around 2.1134 area
From where we will be
Expecting a bearish move down
Sell!
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EURUSD & GBPNZD EVENING FORECASTINGThese pairs are looking more good for the tomorrow. I really love the way patterns are developing and the positioning itself. We only need to see some confirmations before we execute as we always be patient to wait for the market to allow us to capitalize. So let's see how it goes.
GBPNZD is taking the stairsThe choppy chart of GBPNZD is a bit confusing, but I expect another upward surge similar to the one observed in July. The level at which the price is currently hovering offers a solid foundation for risk management. This trade certainly isn’t the most attractive setup for the records, but, let's face it, which one truly is?
GBPNZD Simple Trade PlansGBPNZD has risen amongst mixed sentiment and slight risk off NZD weakness.
Key levels labelled for new entries and exit / Portfolio Trade Management.
GBP/NZD Potential BUYSLooking for GBP/NZD to go a bit lower and reject key Daily support and trendline. If so then i will look for a break of structure and trendline breakout on the 4H on the yellow trendline channel shown and enter buys.
Possible GBPNZD ShortsThe daily and 4H timeframes have both swapped from bullish to bearish. Meaning, that it could be a good week to short gbpnzd. All I need to place a position is for a break above of the current resistance to then retest the top zone and round psychological number 2.11600.
GbpNzd more downside coming to at least 2.08Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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GBP-NZD Rising Support Ahead! Buy!
Hello,Traders!
GBP-NZD is going down
Now but will soon hit
A rising support line
And after the retest
A bullish rebound is
To be expected
Buy!
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