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New Zealand Dollar/British Pound

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NZDGBP trade ideas

Buy GBP/NZD Descending TriangleThe GBP/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Descending Triangle pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 2.1057, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2.1167 2nd Support – 2.1231 Stop-Loss: To manage risk, place a stop-loss order below 2.0973. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
16
GBPNZD continuation of decline likely … the week of 02 Sep, 2024The monthly, weekly and daily charts all say the same thing – “Sell” Pull backs are always nice, they add value in terms of pips, give us a better R/R and pull backs to a significant S/R zone are even better. In this chart I am looking for a pullback towards 2.1140 , that will also bring price closer to the 20 EMA. A good target can be the next significant level around 2.0600. Monitoring PA on the H4 and H1 is always a good idea. Evidence of bearish PA would justify taking a short trade. However, if a strong move to the up side forms, that would negate my analysis. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
GbpNzd more downside coming to at least 2.08Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
Lingrid | GBPNZD consolidation before EXTENSION. ShortThe price perfectly fulfills my last idea. It hit the target. FX:GBPNZD is currently consolidating between resistance and support levels. On the daily timeframe, the price has experienced a bearish movement, and for the past two weeks, the market has repeatedly tested the same support level. I believe that a break below this support is likely, which would lead to an impulsive bearish move. At this stage, I anticipate a potential downward movement by breaking through last week's low. If the price successfully breaks and closes below the support level, I expect the further bearish trend to continue. My target is the support level around 2.10050 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
GBPNZD - One of the EASIEST Setups to TradeHere on the GBPNZD we have one of the easiest technical setups to trade in my opinion. I say that because in this particular breakout opportunity all we have to do is WAIT until the market shows us which way it wants to go & then be prepared to take advantage of the opportunity once it does. If you have any questions or comments about the setup or anything else trading related feel free to leave it below. and I hope you guys have a safe Friday and an enjoyable weekend. Akil
by Akil_Stokes