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GBPNZD

GBP/NZD Bullish Trend and Resistance Areas - LONG SetupThe currency pair GBP/NZD has demonstrated a persistent uptrend, which has been sustained by the Dynamic trendline as a reliable support level. As a result, the price has surged and achieved new highs consistently. Currently, the price level hovers just above the 2.0350 threshold, and there is potential for further growth towards the 2.050 area. However, it is worth noting that the 2.050 region comprises various resistance areas that could result in a retracement. Our recommended approach is to align with the primary trend and aim to capitalize on more pips until the resistance zone is reached.
Long
by FOREXN1
9
GBPNZD - Bullish Trend - 1H Time FrameBased on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) does not show any divergence currently. I recommend taking a long trade with a risk/reward ratio of 1:1 Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai
GBPNZD - Looking For Sell Setups Already!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on WEEKLY: Left Chart GBPNZD is sitting around a strong weekly resistance in green, so we will be looking for sell setups on lower timeframes. on DAILY: Right Chart GBPNZD is overall bullish trading inside the rising red channel. However, it is approaching the upper trendline. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green weekly resistance and upper daily red trendline. (acting as non-horizontal resistance) As per my trading style: As GBPNZD approaches the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
4
GBPNZD I STRONG set up coming this week! Here's How to trade it.Welcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy