GBPNZD Price at Trend Line support | Bullish divergenceprice at trend line support daily candles also make good bullish divergence this is big bullish here
Daily chart
Gbpnzdlong
GBP NZD is at monthly support Welcome!
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Trade Setup
i) we had a long downtrend towards monthly support.
ii) The Green lines indicate the Accumulation process on the chart. Notice that the last two bottoms are increasing. This confirms that the market might be accumulating at this point. The
breakout through the upper level of the Accumulation range confirms the end of the Accumulation and the beginning of the uptrend.
iii) Cureently market is in Wyckoff spring point, a perfect Wyckoff trading strategy..
iv) we can enter long once market breakout of the green line with SL below Wyckoff spring.
please comment if you have a better idea.
Past and Present Harmonics thrown on for GBPNZDI have included this supplement to show the previous analysis with a past Butterfly Harmonic Pattern and the current Shark Harmonic Pattern.
Bullish breakout happeningWhen I see this chart on the 1H all I see is anomalies all over the place with price action. Volume tells the picture of what is happening and I believe based on this that institutional money is selling BEFORE they get ready to buy. There are a lot of key pieces we are seeing here compared to what volume and associated price action has done up to this point.
Compare GBPAUD and GBPCAD.
GBPNZD BULLISHHI, JUST A SIMPLE TRADE IDEA, BUT I AM NOT SO HIGH ON IT WE WILL SEE HOW IT GOES. I THINK THAT IF THE PRICE IS TO HAVE A BULLISH IMPULSE THE H4 DEMAND ZONE WITH THE 0.786 FIBONACCI CONFLUENCE CAN BE A GREAT AREA TO BUY.
GbpNzd- I will buy under 1.91...With Gbp being so weak in the last weeks, also GbpNzd dropped more than 1000 pips.
Now the pair is trading just above the strong support found at 1.9 zone and I expect at least a rebound from here.
I will look to buy dips with at least 1.95 target
GBPNZD - SWING - 01. SEPT. 2020Welcome to our weekly trade setup ( GBPNZD )!
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1 HOUR
Bullish market open and pressure.
4 HOUR
Price closed above main sr level.
DAILY
Expecting another push to the upside following midterm trend.
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FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.98920
SL @ 1.97650
TP @ 2.00870
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPNZD BUYTUESDAY, 1st September 2020
#GBPNZD BUY
entry = now at 1.98200
SL = 1.97200 (-100 PIPS)
TP = 2.02400 (+400 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
Long Position on GBPNZD 4HHello Traders!
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🚀BUY Execution according to the market.
-------------------------👇🏻👇🏻Look the running swing trades below👇🏻👇🏻
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GBPNZD - upwards biasedHi all traders.
Am looking for a retracement for this pair before we see more upside.
Follow this pair closely on their retracement.
Cheers!
GBPNZD Buy!DISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
