GBPNZD IDEA FOR NEWS TOMORROW 19th friday GBP news can be used as a driver to move price to ERL from IRL
GBPNZD trade ideas
GBP-NZD Local Long! Buy!
Hello,Traders!
GBP-NZD is making a rebound
From the horizontal support
Of the 2.1023 and as we are
Bullish biased we will be
Expecting a further move up
Buy!
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GBPNZD Anticipating Bearish Momentum with Harmonic PatternGBPNZD is exhibiting a potential Anti-Butterfly Harmonic Pattern (XABCD) formation, indicating a forthcoming bearish trend momentum. This analysis is based on key resistance levels and Fibonacci retracement levels, suggesting a strategic entry opportunity.
Pattern Identification:
The Anti-Butterfly Harmonic Pattern (XABCD) is emerging on the GBPNZD chart, with Point D coinciding with a critical resistance level and the 0.618 Fibonacci retracement level. This convergence enhances the significance of the pattern, signaling a potential reversal point.
Entry and Stop Loss Strategy:
A prudent entry point is identified at 2.10644, aligning with the anticipated reversal from Point D. To mitigate risk, a stop loss is recommended at 2.10892, providing a safeguard against adverse price movements.
Take Profit Targets:
Several take profit levels are proposed to capitalize on the anticipated bearish momentum:
TP-1: 2.10430
TP-2: 2.10165
TP-3: 2.09936
TP-4: 2.09692
Rationale:
The selection of take profit levels is based on technical analysis principles, incorporating support levels and projected price movements. These targets aim to capture potential price retracements and maximize profit potential within the anticipated bearish trend.
Risk Management:
Effective risk management is imperative in forex trading. By adhering to the specified entry and stop loss levels, traders can maintain discipline and mitigate potential losses. Additionally, monitoring price action and adjusting stop losses accordingly can further enhance risk management strategies.
Conclusion:
In conclusion, the technical analysis of GBPNZD suggests a favorable opportunity for short positions based on the emerging Anti-Butterfly Harmonic Pattern. With strategic entry and exit points, along with comprehensive risk management, traders can optimize their trading approach and potentially capitalize on the projected bearish momentum.
This analysis is provided for informational purposes only and should not be construed as financial advice. Traders are encouraged to conduct their own research and consult with a qualified financial advisor before making any trading decisions.
GBPNZD SHORTPRICE ACTION
BIAS D: BULLISH, H4 BULLISH
Price retrace back into H4 horizontal level and rejected from it.
In H1, price form a new high closing upside. Forming a strong moment candle.
In M15, price make a market structure shift towards upside. Set a long trade at broken resistance level.
GBPNZD Short TradeMARKET PHASE
GBPNZD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price then started it's initial move down and actually sustained selling pressure for some time. Due to the velocity of the downward move, priced gapped orders around 2.11584. Price may climb back to 2.11584, before selling off during the London session (News: Inflation Data). Therefore, we've setup a sell limit order with the following parameters:
TRADE
Sell Limit: 2.11584
Stop Loss: 2.12124
Take Profit: 2.10504
GBPNZD: Short Signal with Entry/SL/TP
GBPNZD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell GBPNZD
Entry Level - 2.1142
Sl - 2.1195
Tp - 2.1036
Our Risk - 1%
Start protection of your profits from lower levels
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gbpnzd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPNZDType of order. pending buy order.
Last week it suppose to move up.
So now, and the rest of the week it need to move up.
Blessings.
Enjoy 1:3 risk:reward
Potential bearish dropGBP/NZD is rising towards the resistance level which is a pullback resistance that aligns with the 161.8% Fibonacci extension and could reverse from this level to our take profit
Entry: 2.11475
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.
Stop loss: 2.12520
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension
Take profit: 2.10327
Why we like it:
There is a pullback support
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gbpnzd sellprice is testing H$ resistance.
One elliot waves, price is at 4 and expecting it to move down to make a 5
gbpnzd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPNZDGBPNZD
inverse head & shoulders on weekly
breakout of the neckline
pullback into the neckline
now it cooking lift up to the upside
entry criteria
waiting for 4H bullish candle close above area of value
and pullback then it a ride to the upside
$GBPNZD is on the bullish move...................OANDA:GBPNZD
What I'm looking at right now.
My entries and exits and stoplosses...
Definitely very bullish...
Weekly bullish
Daily bullish
4H bearish...
GBPNZD LONGGBPNZD looks to be ready to break out from 10yr lows. Has finally competed what looks to be an ascending triangle formation as well as an inverted H&S. Long-term swing trade idea. With the combination inflation and the DXY's strength increasing, I expect currencies like NZD to take a major hit.
GBPNZD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
GbpNzd likely more downsideHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Could be looking at some pullback and rejection and looking to short GbpNzd, let's monitor it along the week.
Do check out my stream video for the week to have more explanation in place.
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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$GBPNZD Could this be the next move for Gnzd?FX:GBPNZD
Could this be the next move for Gnzd?
Weekly abd Daily are bullish, but 4H is Bearish.
GBPNZD - Entry with Support & ResistanceGBPNZD in sideways trend with EP, SL and TP 1 & 2 with the help of support & resistance.
GBPNZD 📉 Short Idea ✔Hey there.
Price action let's us think about the short :)
All the details are shown on the graph.
Good Luck to All! 😎🙌🏽❤
GBPNZD Possible SHORT PositionUsing the BBMA Strategy by OA, a Re-Entry Short in 4H time frame appeared and using a multi- time frame analysis , I'm now waiting for a confirmation in TF 2 and TF 3 ( 15m Entry ).
4H - Re-Entry
1H- 50 EMA Rejection + Extreme Sell
15m- wait for CSAK + Retest in MAHILO min 15m
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
Expanding flat on GBPNZDIve been watching this for a while,waiting for the 2.09300 level(Low) to be broken and tag the 2.08823 level for buyers to step in the game. If you wanted to play it aggressive, any one of those level would have been superb entries.
As on now i see GBPNZD heading to 2.12107 next week if we see buying momentum.
GBPNZD reached FVG and NWOGGBPNZD filled yesterday its last visible Daily Fair Value Gap.
GBPNZD also held strong about the newest visible New Week Opening Gap (which is not that new, but still within the expiration window of 6 weeks).
I think it is also below a level that could be considered "liquidity" to a certain extend and there are many bounces in the area from where the price was below.
Going LONG!
GBPNZD BUY SETUPPrice above the monthly cloud timeframe
Price above the weekly cloud timeframe
Price above the daily cloud timeframe
On the H1 timeframe, I'm waiting for the price to move above the cloud to signal a buy setup.
