GBPNZDGBPNZD is trading in Bearish trend after breaking its last HL with no divergence at Bottom secondly at 0.618 fib Resistance AND At horizontal resistance and making LH
place Short with risk defined above Last Lower high
GBPNZD trade ideas
Gbpnzd bias to go higherHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
It could also possibly be the case of a h&s on the h4...watch the price action as it unfold, be flexible :)
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GBPNZD Sell Opportunity!As per on 4 price is now in a strong supply zone. Watch price action carefully and trade safely.
Sell Idea on GBPNZDSeeing a sell opportunity, the pair has been ranging and hasn't really decided long term trend. expecting a drop to one of the TP points. The chart could touch the first tp and reverse to the upside to continue buy trend.
Lingrid | GBPNZD short after Rejection of the RESISTANCEThe price perfectly fulfilled my last idea. It hit the target. The market pulled back to resistance after a breakout of the range zone. FX:GBPNZD broke the previous resistance zone, which is the support level now. I expect the market to fall from the resistance zone and the border of the upward channel. On the 4H timeframe, the price is below the key resistance at 1.09000, and because of it, the market may form a fake breakout of the resistance and make a pullback. My target is the support level at 2.08115
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
GBPNZDPair : GBPNZD ( British Pound / New Zealand Dollar )
Description :
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
Planning for a BUY with a proper breakoutAfter the formation of a triangle formation. I expect a buy towards recent high which is marked,
and the stoploss is strictly placed, entry above white line..
GBPNZD trade idea
divergence was spotted signal might be trend changing. Sort position initiated in 1.236 fibo level
GBPNZD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
gbpnzd Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
gbpnzd shortwelcome
here is my gbpnzd short idea
its based on
bearish overall trend , retest of bearish break , trend following
Lingrid | GBPNZD Long after FAKEOUT of the SUPPORT levelThe market pulled back toward support level after bullish move on the daily timeframe. FX:GBPNZD broke the previous resistance zone which is support level now. It is curretnly moving sideways which suggest indecisions in the market. I think pthe price may retest the local low and then move up. Below the support we have strong 2.07000 as well. I expect trend to continue from support level and breakout of the downward channel because the main is bullish. My goal is resistance zone 2.08500
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
Buy GBP/NZD Bullish ChannelThe GBP/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours.
Key Points:
Buy Entry: Consider entering a long position around the current price of 2.0785, positioned close to the channel support. This offers an entry point near potential buying pressure.
Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 2.0868 and 2.0906. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the channel, ideally around 2.0735. This helps limit potential losses if the price unexpectedly breaks down and invalidates the bullish pattern.
Thank you.
GBPNZD Weekly M formation On the monthly, we are trading in bullish area.
Weekly, we have a M formation (my Target)
Daily, if we come back on bullish structure I will wait the break and retest.
GBPNZD Short oppotunity1. HTF Bearish Impulse
2. HTF Expanding Structure
3. Double Top
4. HeadnShoulder Pattern
Right now we are at the right shoulder of the HsN Pattern. If we see a breakout from the right Shoulder thats a good short oppotunity
