GBPNZD trade ideas
GBPNZD LONG BUYHello everyone, on GBPNZD I'm looking for a bullish continuation and I'm aiming for EQH as TP.
GBPNZDGBPNZD has given the clean breakout of long term Head and Shoulder pattern. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 2.0900 followed by 2.100
GBPNZD | ShortMy analysis based on volume data indicates a high chance of NZD strengthening and GBP weakening.
GBPNZD Will Fall! Sell!
Take a look at our analysis for GBPNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2.070.
The above observations make me that the market will inevitably achieve 2.056 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPNZD: Short Trading Opportunity
GBPNZD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short GBPNZD
Entry - 2.0738
Sl - 2.0820
Tp - 2.0567
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD: Pullback From Key Level 🇬🇧🇳🇿
GBPNZD formed a cute double top formation after a test of a key horizontal resistance
on a 4H time frame.
Because the pair is quite overbought, we may see a retracement from the underlined blue area.
Goals: 2.068 / 2.061
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GBPNZD LongThere was a good bullish rally in the last days for the sterling. It is not a good idea to enter in a deal right now, because we have a lot of signals for a correction. Once we have a correction we could look for a entering in a buy position. The best place is at the eclipse. We should look for a confirmation - bullish divergence or a candlesticks formation.
GBPNZD has a good bullish bias. as the dollar is rising and NZD falling while GBP is keeping somewhat a stable structure. we can say that the pair is ready for a bullish trade.
✅GBP_NZD TIME TO SELL|SHORT🔥
✅GBP_NZD price went up sharply
But a strong resistance level was hit at 2.0821
Thus, as a pullback is already happening
And a move down towards the target of 2.0715 shall follow
SHORT🔥
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GBPNZD Poised To Rise FurtherGBPNZD Poised To Rise Further
During this week GBPNZD broke out from a large bullish pattern.
It is not clear if this bullish volume will continue for a long time.
However, on the current picture, GBPNZD looks poised to rise further.
The first resistance zone will be near 2.0865 and the second zone
could be near 2.0920
After the second zone I would like to be very careful.
You may find more details in the chart!
Thank you and Good Luck!
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GBPNZDOdder block 1 go short... The market was ranging now we got our continuation that enables us to reach the dominant odder block to take short positions use proper risk management your tp is on the first lower odder block..
GBPNZD I It will decline from channel resistanceWelcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPNZD, Buy Long Opportunity ?Technical outlook for gbpnzd on daily chart, for the long term view it seems that we just finished the third wave after the correction (wave 4) or the (pullback ) confirmed , and now we're starting the fifth wave the (impulsive wave), this wave moves in the direction of the overall trend but is usually sluggish and nearly as dynamic as the third wave of an Elliott wave cycle. wave 5 is the final leg in the direction of the dominant trend. one more thing wave 1,3, and 5 are made up of five subwaves.
The chart above shows that the first subwave of the fifth wave has been confirmed, and we're in a pullback or a corrective wave (subwave 2) after we finished, the subwave 3 will begin, which considered to be the longest among the five waves.
The targets will be, first the high of wave 3 which is (2.14979), second (2.17208). with a minimum stop loss at (2.00163).
gbpnzd sell 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 SHORT FROM TREND LINE The market trend is currently bearish, with lower lows and lower highs. It's approaching a strong resistance level marked by a trend line. Every time the market touched this line, it tended to fall. Now, on the one-hour chart, there's a double top trading pattern, and its neckline has been broken downwards. We'll look to enter trades on retest.
GBPNZD BUY Target HitWe took this trade yesterday. Just look at how it responded over night and i woke up and boom target hit. We don't guess here.
Bearish OppertunityPrice seems to respect the top of the bearish channel plus price is at the top of the KC channel and both 1h and 4h RSI is overbought, maybe we will see some downside
GBPNZD Potential Price Movement: Bearish Trend AheadHi there,
GN looks bearish but is over a low support zone denoted as (A). At this level, the price is currently neutral.
The price could go up to form a (B) high, but there is no way for me to know where that B-high might be, but on schematics, it will potentially be near the 2.06.
The significant area is 2.04073; there needs to be a lower high that breaks (A), (b) that fails to be a higher low and breaks that level, or (B) that will have strong bearish momentum to break it.
For that reason, the current price movement is neutral with bearish interests.
Happy Trading,
K.
BUY GBPNZDApply risk management, risk 2-3% of your trading account. I take trades based on Smart Money Concept (Institutional Trading) NEPS TRADING. if you wanna learn more. Comment below.
