GBPNZD Double top on the resistanceGBPNZD has dropped below the 2.1300 resistance zone. Recent daily candles show rejection bars with long wicks, hinting at growing bearish pressure. Additionally, a double top pattern has formed, indicating that bullish attempts have been rejected twice, strengthening the selling sentiment. Given this setup, the price may continue to decline, potentially breaking below the upward channel that seems to be a corrective pullback against the prevailing bearish trend. A break below this channel would likely signal further downside movement. The target is the support level at 2.11800
NZDGBP trade ideas
GBP/NZD in Ranging Trend, Bearish Move ExpectedGBP/NZD is currently experiencing a ranging trend on the 1-hour timeframe, heading towards the lower end of the range. I expect the pair to reach the 2.12005 level. The ranging trend is also respecting the upper and lower levels of the RSI, indicating overbought and oversold conditions. This presents an ideal opportunity to sell, in my view.
Higher timeframe resistancePrice mitigated the internal daily supply zone, which is now acting as the highest timeframe resistance. After the mitigation a retracement occurred in a corrective manner to give us a contraction before the volatile move that cleared the swing low at 2.12600. With the swing low being cleared, we have a shift and price has already triggered the breaker block as indicated. We now was liquidity generated about, looking for the liquidity to be swept and the order block to be respected for a clean bearish entry at 2.13200. The stop is 30 pips which is at 2.13500 and the target is 2.11700 which is a total of 150 pips, the anticipation is a 1:5 trade…
USD/CAD Short, NATGAS/USD Short and GBP/NZD LongUSD/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NATGAS/USD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/NZD Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBPNZD Will Explode! BUY!
My dear followers,
This is my opinion on the GBPNZD next move:
The asset is approaching an important pivot point 2.1172
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 - 2.1229
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBPNZD: Expecting Bearish Continuation! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPNZD chart which, if analyzed properly, clearly points in the downward direction.
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GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/NZD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.125 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPNZD - Short TradeOn Tuesday (manipulation day) price swept the previous week high (PWH) with a great sign of weakness: a market structure break (MSB).
As a target, I prefer the opposite key level
I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
GBPNZD: Bearish Continuation & Short Signal
GBPNZD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short GBPNZD
Entry - 2.1287
Sl - 2.1343
Tp - 2.1183
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD POSSIBLE SELLThe market is currently testing the current weekly Fib area 0.786. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern.
We could see Sellers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
A little sell scalping idea On this chart, the price has been ranging within a tight little zone. This could be a decent little scalping setup for a sell trade. Ideally, the entry will be where the price is closest from below to the trend line. This means as soon as the price comes up to the lower trend line just to kiss it and say bye.
GBPNZD to see a temporary move lower?GBPNZD - 24h expiry
The medium term bias remains bullish.
We look for a temporary move lower.
The sequence for trading is higher highs and lows.
Preferred trade is to buy on dips.
Bespoke support is located at 2.1230.
We look to Buy at 2.1230 (stop at 2.1200)
Our profit targets will be 2.1350 and 2.1410
Resistance: 2.1350 / 2.1410 / 2.1470
Support: 2.1230 / 2.1200 / 2.1140
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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#GBPNZD 1DAYGBPNZD Daily Chart Analysis
Buy Opportunity:
The GBP/NZD currency pair presents a favorable buying opportunity based on recent technical indicators and market analysis.
Buy Level: 2.12200
At this level, the pair appears poised for an upward movement. Entry at 2.12200 aligns with current market conditions and sets the stage for potential gains.
Target Levels:
1) 2.14000 - Initial target level where the pair may face resistance but could offer a solid short-term profit.
2) 2.16000 - Intermediate target, providing a potential for more substantial gains as the pair continues its upward trajectory.
3) 2.18000 - Long-term target, representing the optimal exit point for maximizing returns based on the current trend analysis.
Description:
The GBPNZD pair has shown a bullish pattern on the daily chart, suggesting a potential upward trend. After consolidating at the buy level of 2.12200, the pair is expected to advance towards the target levels. The technical indicators support the idea of upward momentum, with strong resistance levels anticipated at 2.14000, 2.16000, and 2.18000.
Traders should monitor the pair closely for any signs of reversal or resistance at these target levels. Adjusting stop-loss levels to secure gains as the price moves in the desired direction is recommended.
Disclaimer: Ensure to conduct your own analysis or consult with a financial advisor before making trading decisions.