GBPNZD1.GBPNZD has made a break of a major High.
2.The price made an impulsive uptrend move after the break of the High.
3.The price then came back to tetest thr break of thr previous High, which was a major correctional move.
4.The moment the price reacted on the Break, it was now our point of interest which is"The Flip Zone".The Supply became our Support zone.
5.The price reacted with an H2 bullish candle which shows an interest in buying on GBPNZD.
6.We buy GBPNZD
GBPNZD trade ideas
GBPNZD - Bullish InspirationThe pair has given a big bullish candle breaking it's trendline resistance and complimenting it's bullish divergence formed by RSI.
This move still not strong enough to put confidence in this bullish move. The bulls need to show inspiration and move the pair up breaking it previous HH. Currently the pair is moving around its 0.382 fib level.
Trade Plan:
Once the pair break it's HH instant entry to be taken and SL to be put below the last HL.
GBPNZD ANALYSISLorem ipsum dolor sit amet. Ex quibusdam assumenda sit cupiditate recusandae quo maxime dolores At magni asperiores quo corrupti corrupti ut quia dolores ut voluptatem iusto. Aut officia atque id possimus voluptate aut veritatis ducimus. In dignissimos incidunt sit internos quos qui nesciunt voluptatibus sit molestiae doloribus ut eius quas et deserunt sunt. Qui amet voluptatibus qui laudantium aperiam qui ipsam quos et sapiente dolores non molestias expedita id galisum rerum qui similique aspernatur.
gbpnzd buy 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
GBPNZD Expected Growth! BUY!
My dear friends,
GBPNZD looks like it will make a good move, and here are the details:
The market is trading on 2.1199 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2.1378
Recommended Stop Loss - 2.1097
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GBPNZD Long Set upHey guys!
As you see I have plotted the zones that see clear to the eye and based on those zones I have projected the price target, The trend is based on H1 analysis, however the chart would have looked so small so I had to show it to you on the daily time frame.
In any case I think the pull back will end at the buy zone and I'm buying there (Plotted as Buying zone). SL is set to 1 to 5 risk to reward ratio for this trade however on the chart its 1 to 3 something, so the lower you buy in the box the better.
GBPNZD Will Go Lower From Resistance! Short!
Please, check our technical outlook for GBPNZD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2.135.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2.108 level.
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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GBP/NZD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/NZD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.101 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPNZD: Your Trading Plan Explained 🇬🇧🇳🇿
GBPNZD is retesting a recently broken major rising trend line on a daily.
To sell the market with a confirmation, watch a bearish flag pattern
on a 4H time frame.
Bearish breakout of its support line and a 4H candle close below that
will give us a strong signal to sell.
A bearish continuation will be expected at least to 2.106 level then.
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DCF Bets: GBP-6/NZD+5Today's market presents a promising opportunity for a short bet on GBP-6/NZD+5, with a risk-to-reward ratio of 1:2. I've set a limit order at the beginning of GBP's supply zone, which will expire today at 23:00 GMT+2. The max risk for this trade is around 5%.
Ideally, spotting a Bull Trap (a bearish liquidity pattern) forming in the supply zone on the lower time frames would be a great signal to add some extra positions.
DCF Bets: GBP-6/NZD+5Today's market presents a promising opportunity for a short bet on GBP-6/NZD+5, with a risk-to-reward ratio of 1:1. I've set a limit order at the beginning of GBP's supply zone, which will expire today at 23:00 GMT+2. The max risk for this trade is around 5%.
Ideally, spotting a Bull Trap (a bearish liquidity pattern) forming in the supply zone on the lower time frames would be a great signal to add some extra positions.
GPBNZD Long IdeaAfter the last analysis i dropped, market formed and inside candle followed by a bullish candle at a SnR zone with confluence with 0.332 fib retracement level.
If this level hold and we see break of the counter trendline and break of the SnR zone, then we will wait for a pullback into the SnR zone.
After the break and retest of the SnR zone, we will now wait for BULLISH CANDLESTICK PATTERN to go long.
If this zone fails to then we can watch out for the demand zone that was created below this SnR zone