GBPNZD trade ideas
GBPNZD LONGDaily Bias Long
Fundamental
GBP is currently slightly bullish
NZD is slightly bearish
Price break out of consolidation from Key level of H4 & H1 consolidation.
This shows that price is extremely bullish to break out of 2 consolidation.
Set a long trade at the lower TF H1 resistance. with SL below H1 consolidation. Targeting H4 next keylevel. R:R 1:3 at least.
SELL GBPNZD NOW!!!!the overall trend is a daily downtrend, which confirms that we are following the trend. So, we will head to a lower timeframe like the 1-hour timeframe to find an entry. I saw a sweep of the previous high and after the sweep, I saw a BOS that later didn't take out the new high which confirms that there will be a shift to the downside, and we call it SLQ. After the SLQ has been formed we want to make our POI at the previous OB above.
RISK WISELY
Possible fall for GBPNZDGBPNZD is in a ranging market and recently it has reached its strongest resistance which has been tested multiple of times.
While is rejected and fell down instantly the pair came up and gave us a proper reversal pattern to show us that the sellers are in control of the market now. As the double top has been formed, it still remain to be confirmed only if the market crosses the neck-line and also breaks the uptrend that is formed and comes to retest them both. Then certainly we can say that we are going for sells until we reach our support structure at the bottom.
GBPNAZD BIA- Daily +OB buy
- Target all time high
-Entry London session
- My reason being we just rejected from a Weekly BISi
Good Luck
GbpnzdAm expecting this pair to sell be4 the buy cause on the 4hrs the is a change of structure that will cause a retracment so we can make a little money om a short position be4 buying, going (long)
GbpnzdAm expecting this pair to sell be4 the buy cause on the 4hrs the is a change of structure that will cause a retracment so we can make a little money om a short position be4 buying, going (long)
GBPNZD Bullish PatternGBPNZD price action looks to have created an inverted head and shoulder pattern within a bullish flag. Hammer candlestick on M45 can be used as entry confirmation. Target 2.096
GBP/NZD SHORT FROM RESISTANCE
Hello,Friends!
GBP/NZD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.074 area.
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GBPNZD SELL SETUPSimilar and correlated to EURNZD price is rejecting with supply with bearish price action candles. Expecting a bigger bearish wave next week!
GBPNZD is BullishBulls have take control of the price action, and bullish divergence seems to be playing out on the 15 min time frame, as a couple of higher highs are printed successfully. Bullish rally is expected from here as per Dow theory. Targets are mentioned on the chart.
GBPNZD: Bearish Continuation & Short Signal
GBPNZD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short GBPNZD
Entry - 2.0850
Sl - 2.0904
Tp - 2.0758
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD Massive Descending Broadening WedgeIt is confirmed that the price has broken the pattern and is currently retesting what appears to be resistance.
The H1 candle confirms a good rejection, although it hasn't been confirmed on the H4 candle yet.
It should be noted that the next 3 H1 candles must show a significant increase. The next candle might form a doji followed by an increase or a direct increase. If the price action does not show any resistance and the price continues to fall, we need to cut losses quickly, reduce the lot size, or stop and reverse. I will update the decision later.
SL: 2.08294 (40 pips)
TP: 2.09994 (+3.25)
GBPNZD Is Going Down! Sell!
Here is our detailed technical review for GBPNZD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2.089.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2.082 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPNZD - Bullish on 1 hr Time FrameGBPNZD has been bullish on higher Time frames and on 1 hour, the price is at its potential Higher Low, there is great chance that the price will continue its previous trend
