Gbpnzdlong
bearishing trend of gbp/nzd might end here
day time frame formed bearish engulfing pattern.
the prices of precious metals might start to fall, global supply is slowing down in definitely.
GBPNZD TRADE IDEAPRICE IS FORMING A DOUBLE BOTTOM AND YOU CAN GET IN AND STILL CATCH AROUND ABOUT 90 PIPS.
GBPNZD ANALYSISPRICE SHOWED A FAKEOUT THEN THE REAL PUSH OCCURED AND FORMED A DOUBLE BOTTOM. THE PRICE MAY GO BACK INTO CONSOLIDATION.
GBP_ Trendline Lower Lows CreatedTrend line Support , now looking to Long all sell retests to the upside.
GBPNZD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
GBP/NZD longtake every trade on your own risk and respect your account balance
do not over trade the market ant going any where
GBPNZD / BULLS IN THE HOUSEKeeping it simple and letting price dictate what it wants to do
Waiting for price to break resistance before first buy then doing the same with the second
There is divergence on multiple timeframes and price has broken a downward trend line (not drawn)
GBPNZD [1H] play on inside the box and wait to break ✌✌✌GBPNZD play on inside the box and wait to break ✌✌✌
How to trade ?
1. Now is sideway Up ▶ Sell Down ▶Buy must Dont break only ✅✅
2. Wait untill breakout for up or down and wait for pullback and following way
Have a good day 🍺🍺🍺🍺
GBPNZD ANALYSIS** JUST AN IDEA. NOT A SIGNAL **
Sorry we haven't posted in two weeks due to covid.
We are back with GBPNZD, as we can see a weekly downtrend is continuing as the days go by.
Momentum has been lost this week over the last few days with signs of a reversal.
If the trade chooses to break 1.92770 barrier I expect to see a nice uptrend.
Else if the trade breaks the 1.91360 line then I expect a nice downtrend drop.
Interesting trade to keep an eye on.
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GBPNZD H4 LONG PRICE ACTION FORECAST After price reaching a strong support level from D1 domains, in the intraday level at H4, it was able to manage the descending trendline breakout, retested the area, and now pulling back to a key support level for bullish confirmation. It allows a long entry to capture the forthcoming uptrend
The order:
Type: buy-limit
S/L: 73 pips - R:R | 1:2.7 -
T/P: previous resistance level from downward correction
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GBPNZD - Break & Retest Long!GBPNZD - Break & Retest Long! I am taking a long position with a 100 pip TP (R:R 1:5) after a simple break and retest of structure has occurred on the 1H timeframe. Price is forming higher highs and has reacted to previous structure with wick rejection.
Trade idea GBPNZD longEntry will be taken on the 5m tf in order for a potential smaller stop and hence, greater R2R. We will wait for how the market reacts to this key level before entering this POTENTIAL trade.
GBPNZDHey everyone, this is my analysis on GBNPNZD. There is a trend breakout with a pull back with a potential retest. I'll be waiting for some confirmations like rejections before I enter. ( I moved the potential second tp slightly higher)
I'm still learning and trying to improve, so if you disagree please comment below. I take all comments on board and appreciate them.
Thank you.
