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New Zealand Dollar/British Pound

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NZDGBP trade ideas

GBPNZD may come down from the resistance!Based on your analysis of GBPNZD, it appears you expect a bearish move from the current resistance level due to consolidation. Resistance Zone: 2.13723 to 2.13471 Support Zone: 2.10397 to 2.10002 Trading Plan: Entry Point: Sell at : 2.13621, which is near the current resistance. Take Profit : Target : 2.11624, positioned above the support level. Stop Loss : Set at : 2.15618, to protect against unexpected upward movement. This strategy leverages price action around support and resistance, anticipating that the price will reverse from the resistance and move lower towards the support. Just ensure you have solid risk management in place.
Short
by PraveenTrader1
2
GBPNZD Under Pressure! SELL! My dear friends, GBPNZD looks like it will make a good move, and here are the details: The market is trading on 2.1411 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 2.1301 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Why I’m Betting Bearish on GBPNZD: Key Market Drivers ExplainedAs I prepare to share my trade idea for GBPNZD, my overall bias is bearish. Here are some key fundamentals currently influencing this outlook: 1. UK Economic Slowdown: The UK is facing economic challenges, with high inflation and downgraded growth forecasts. This situation tends to weaken the British Pound against other currencies, including the New Zealand Dollar. 2. RBNZ's Hawkish Stance: The Reserve Bank of New Zealand (RBNZ) is likely to maintain a strong monetary policy, focusing on controlling inflation. This contrasts sharply with the UK's more cautious approach, which supports a stronger NZD. 3. Seasonal Trends: Historically, GBPNZD has shown a bearish trend from mid-August through December. This seasonal behavior suggests that now is an opportune time to consider short positions. In my trading strategy for GBPNZD, I rely on probabilities to guide my decisions for entering short positions. In summary, by leveraging probabilities based on historical data and current market fundamentals, I aim to position myself advantageously for short trades on GBPNZD. This disciplined approach aligns with my bearish outlook and enhances my trading effectiveness. I look forward to sharing my journey in this trade and welcome any thoughts or feedback! 2W: Hourly TF:
Short
by Jasminex1x2
A possible good sell on GBPNZDJust for a moment, ignore that horizontal level. Why? Because the trendline looks so power on the 1h, 4h, and the daily timeframes. Now let's come back to the horizontal level which seems to be in jeopardy of being broken out of as we speak. Imagine what if this is one of those fake break outs. If that's true, then the trendline is clearly telling us what could be possible as a good sell trade. Lastly, successful Forex traders know that nothing in Forex is 100%. The only thing 100% in Forex trading is probability and improbability. What that means is the trendline may also be broken out of. It may not be broken out of. The bottom line is this one could be a good sell setup. See how the price behaves when it reaches that trend line, if it does reach there. Especially, on the lower time frames. And if the price starts respecting that horizontal level, that will of course mean we can short it much earlier than that trendline. A good hint: On the lower time frame as well, the price must not hover around that trend line for a long time if it has to just kiss that trend line from below and drop down.
Short
by RiffatNadeem
A fantastic RR trade happening now: Long GBP NZD This is a reversal trade on an intraday mid-time frame perspective BUT the trade is actually WITH THE TREND on the very high timeframes. So, it's not really one of those risky reversal trades. Potentially great RR if you put your Stop just below the Buy order block on the 4hr chart. I might post another chart of the 4HR. It's got plenty of catchup this trade. So if it plays out like I think it may and we all know how protective they are of the Pound, it should do okay. This is a longer term trade. There is no FOMO or rush to this trade. Technically, it could even be Shorted until it reaches the Buy Zone at the bottom of this 4HR chart.
Long
by Easy_Explosive_Trading
GBPNZD is in Selling Direction after testing TrendlineHello Traders In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes GBPNZD market update) 🟢What is The Next Opportunity on GBPNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1