GBPNZDDivergence in the indicator and exit and stabilization above the downward trend line are the reasons for the growth of the price up to the specified target
GBPNZD trade ideas
gbpnzd sell positionIn the daily time, we see an increase in the price sharpy, which has reached a strong resistance zone. As a result, in this area we expect a return or at least correction to the specified range.
gbpnzdLately on GBPNZD the price has just took out our buyside liquidity and its now heading for the sellside liquidity
GBPNZD SHORTGBPNZD I expect it to fall! SELL IT!
🧠My dear subscribers, GBPNZD may fall due to the strong resistance of 2.0700
The pattern formed a nice correction graph.
Bias - Bearish
———————
My Stop Loss - 2030
Target - 2.06389
GBPNZD EXPECTING LONG PULLBACK TRADEThe market is currently at the daily support level, where we expect it to move towards the buying direction. If we look at the 1-hour chart, we can see clues such as a double bottom pattern with its neckline already broken above. Now, we will anticipate the trade as follows:
Entry: 2.0662,
Stop loss: 2.0615,
Targets: 2.0717 & 2.0757.
GBPNZD Possible Bullish MovementPrice has found support and has touched the bottom of the bullish channel. Price remains above MA's. Price is also very close to the bottom of the Keltner channel
GBPNZD: Very Bullish Setup 🇬🇧🇳🇿
GBPNZD formed a cute inverted h&s pattern on a key horizontal support.
We see a formation of a bullish imbalance now.
The pair will most likely keep growing.
Next resistance - 2.075
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GBP-NZD Long From Support! Buy!
Hello,Traders!
GBP-NZD is going down
But will soon hit a
Horizontal support level
Of 2.0575 from where
A bullish rebound
It to be expected
Buy!
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GBP/NZD BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
Previous week’s green candle means that for us the GBP/NZD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 2.038.
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The sideways pattern of continuing the bear market?Dear Friends,
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GBPNZD...SHORTOANDA:GBPNZD A short position can be taken on the specified levels
There is no position before reaching the surface
SHORT TERM BUYS BEFORE MARKET SELLSMy bias lies on the Supply price not being filled. And the market has been making higher highs & higher lows, which also tells me that the market is more likely to move up and fill the supply price. This is all short term, the overall direction of this pair is going down.
GBPNZD - Wyckoff Up-Thrust and down we go!
We have hit Fib area
Fast Up Wave
and then Wyckoff Up-thrust signal -WU at the top and down we go
Correct entry already at 70 pips but I think it will continue
GBPNZD - Long from support zone ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to reject from support zone for a potential long.
Fundamental news: Upcoming week on Tuesday we will see results of Unemployment Rate on NZD.
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GBPNZD Strong Buying Zone, Continuation Pattern Flag & Pole 🚩🚩📈🚀 GBPNZD Price Forecast Analysis 🌐💹
Greetings Traders! 🌟 Let's unravel the GBPNZD chart for a comprehensive forecast:
1️⃣ Descending Channel Breakout: 📈 GBPNZD has successfully broken out of the descending channel, indicating a potential reversal in the previous downtrend.
2️⃣ Ascending Channel & Trendline Support: 📊 Following the breakout, the currency pair found support on an upward trendline within an ascending channel, reinforcing the bullish sentiment.
3️⃣ Continuation Chart Pattern - Flag & Pole: 🚩📏 Exciting developments! A Flag & Pole pattern has emerged, suggesting a continuation of the upward trend.
4️⃣ Flag Pattern Breakout: 🚀 The breakout of the flag pattern has occurred, and coupled with increasing volumes, it points towards a robust bullish scenario.
5️⃣ Indicator Confirmation - Golden Crossover: 📈 Adding strength to the bullish outlook, the Golden Crossover of the 200EMA & 50EMA has taken place, providing further confirmation.
6️⃣ Key Support Levels: 📉 Keep an eye on support levels at 2.0780 and 2.0720. These levels may act as crucial support zones in case of pullbacks.
7️⃣ Key Resistance Levels: 📈 Look out for resistance at 2.0930, 2.1170, and 2.1310. These levels may pose challenges for further upward movements.
Stay agile and adapt your strategy as the market evolves! 📈🚀 Market conditions can change swiftly, so stay informed. Wishing you successful trades! 💼💰
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