GBPNZD trade ideas
GBPNZDThis Weekly FORECAST
Opportunity for GBPNZD. This setup trading idea is for swing. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
Idea for GBP/NZDMarket is consolidating between it's range & market also respected it's trendline support multiple times. If the market is able to close the candle below it's support level 2.06685 then I'll be short on GBP/NZD. Then, my next targets are 2.03899 and my TP2 will be 2.00902.
GBPNZD Is Going Up! Buy!
Take a look at our analysis for GBPNZD.
Time Frame: 10h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.074.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.082 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
GBPNZDLooking for a buy trade in GN.
Reason to buy:
Forming W pattern, same time, making inverted Head and Shoulder pattern in 1H chart.
Use proper risk management.
Thank you
Could GBP/NZD bounce from here?Price is falling towards a support level which is a pullback support that lines up with the 100% Fibonacci projection and could potentially bounce from this level to our take profit.
Entry: 2.06739
Why we like it:
There is a pullback support level which lines up with the 100% Fibonacci projection.
Stop loss: 2.06069
Why we like it:
There is a pullback support level which aligns with the 127.2% Fibonacci extension.
Take profit: 2.07731
Why we like it:
There is an overlap resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBP-NZD Bullish Bias! Buy!
Hello,Traders!
GBP-NZD is going down
But a strong horizontal
Support of 2.067 is ahead
So after the retest we
Will be expecting a
Local bullish rebound
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
GBP_NZD SUPPORT AHEAD|LONG|
✅GBP_NZD will be retesting a support level soon at 2.0675
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
✅Like and subscribe to never miss a new idea!✅
IT Could Be One of those CYPHER Patterns I Keep Hearing AboutTwo equal measured moves would bring the price exactly to the .786 retracement which I believe completes a Bullish CYPHER Pattern . Just a possibility
GBPNZD Expected Growth! BUY
My dear subscribers,
This is my opinion on the GBPNZD next move:
The instrument tests an important psychological level 2.0729
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.0788
My Stop Loss - 2.0687
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
GBP NZD - AnalysisAnalyzing the chart will wait until we break the neckline to confirm head and shoulder pattern. It also has some bullish divergence.
GBPNZD BUY SetupPrice above monthly and weekly timeframe cloud
Daily also trending up
H4 price breaking through the cloud
British pound looking goodGBP is looking good across the board. I think in this case the inverted HS is not done, this is just a retest. Very low risk on this trade and good reward. The pair just landed on a support area (broken resistance) and looks that is going to accumulate and then bounce up. SL triggers is the support is broken by a weekly candle.
GBPNZD LongPrice has created the swing low and price needs to pull back to fill the IMB/FVG 2.0960. I am looking for this move to happen before Friday (the close of the monthly candle)
GBPNZD: Bulls Will Push Higher
The analysis of the GBPNZD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
❤️ Please, support our work with like & comment! ❤️
GBP/NZD H1 | Falling to 61.8% Fibonacci supportGBP/NZD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 2.0760 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 2.0666 which is a level that lies underneath a swing-low support.
Take profit is at 2.0889 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Falling towards 61.8% Fibonacci support?GBP/NZD is falling towards a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry:2.07489
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 2.06778
Why we like it:
There is a pullback support level.
Take profit: 2.08798
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
BUY ORDERPrice has been consolidating for some time now. A probable buy setup will be formed and a buy order can be placed. Apply a bit of discretion as price has been moving erratically although it's in a consolidation.
GBPNZD Is Very Bullish! Buy!
Take a look at our analysis for GBPNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.078.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.102 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
GBPNZD BUYAfter a down move market seems to be creating higher highs and higher lows and breaking structures to the up move
