GBPNZD(GN) create bullish senario!Hello Traders, Scalpers & Investors!
GBPNZD(GN) cross pair currently create hidden bullish divergence with over sold pattern.
Now I expecting a rebound to retest 1.996xx resistance zone!
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Gbpnzdlong
GBPNZD LONG ZONE For More Daily Detailed Analysis, Click on the Follow button. Also, if you have any questions, please do ask them in the comments section.
Here we have our GBPNZD chart.
After the recent RBNZ News regarding Interest Rates we have seen a continuation in the move to the downside. We had looked short on this asset class as the GBP rapidly gained value over the NZD.
As price rose it started to move into sell zones. We have now seen a fall and can look to catch LONG positions, like the one we are at now from former market memory zones and price rejection.
Use Eclipse symbols for Entry/Exit.
GBPNZD | Breakout from Distribution
GBPNZD has been in distribution phase and has given a breakout from the box. We are expecting a good bearish spell in the making. One can adopt sell on strength strategy on it.
Alternatively, breaking above the distribution box will call back the bulls in the party and we can see ATH from there on.
Trade your levels accordingly.
GBP/NZD 4HR BUY SET UPHi TRADERS this is my trade set up for the GBP/NZD for the new week ahead
GBP/NZD I am expecting a rejection at strong support zone
look for a drop to order zone lined off on chart then if it meets your criteria for a trade then execute buy trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
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GBP/NZD Moving In Sideways, BUY And Sell Setups Valid Until B O This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPNZD | Consolidation | Next Move ?GBPNZD has been in good bullish trend. It is following trendline by its heart. Currently, price is consolidating in a box (distribution likely). Price can follow two senarios from here;
a) Bearish: The consolidation is likely to be distribution and expect bears to be active from here. If price manages to break rising trendline then bears will take price to atleast 2
b) Bullish: The consolidation after taking support from falling trendline, may rise to new highs.
Trade your levels accordingly.
GBP/NZD Cup and Handle FormationGBP/NZD has completed the cup and handle formation on the 1D chart. The pattern would become stronger if it continues trading in this range for a few more days. It's currently on a strong resistance. It would be better to take an entry after the breakout. The target would 2.04 once it breaks out.
Thanks!
Best Regards,
Trae Like Pros.
Potential Butterfly 🦋 (SWING)GBP/NZD - Nice potential Butterfly pattern forming with strong bullish momentum.
We've had multiple BOS with price rejecting from the 0.618 from the last retracement. (I'm using the fib extension here for profit targets)
The 1.618 lines up perfectly with a strong PRZ/D point of the butterfly.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
GBPNZD Inverted Head & Shoulder Pattern#GBPNZD Hello trader, I hope are good and safe. Today I opened the chart of #GBPNZD for 15 Min and analyzed it then I see that this chart has made a INVERTED HEAD & SHOULDER PATTERN, So I hope #GBPNZD will go up,
Now Nice opportunity for long.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
GBPNZD Inverted ShampooGPNZD formed an inverted H&S, I already entered before making this analysis, but hopefully there will be another entry opportunity, because the stochastic momentum is already above 80, maybe the momentum can still go down a little and then continue to rise.
This analysis is also supported by the fundamental strength of GBP itself which has raised interest rates, so I think this is a good opportunity.
I use the ichimoku indicator too, but on this occasion I hide it so that the chart looks neat.