Gbpnzdlong
GBPNZD BUY IDEAWe will buy from the bottom of the channel and our target will be the top of the channel. If the top of the channel breaks, we expect it to rise to 0.618 fibo level.
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Two possible scenarios for GBPNZD next week.. On screen analysisWe are in the middle of a pandemic right now with everything that is going on with the Corona virus. It seems to me that Australia and New Sealand were hit hard economically and will be in the next few weeks. My eyes will be on a long trade to the same level of the spike on March 8 which is a Monthly support and resistance level @2.17
On the other hand there could be a big change of events which could lead to a decline in value of the British Pound. Therefor we will first see a clear break of the recent Up trend and probably support turning in to resistance @2.02. When this happens my target will be 1.94 in a short trade.
Trade with care and caution! I will keep you posted on this one.
GBPNZD--M15--Long ForecastCreate a triangle pattern.
In long timeframe already break the trendline and retest previous resistance as a support...
So hope will BUY...
GBPNZD long trade ideaPlan : wait for 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 like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
BEAR Momentum | GBPNZDWeekly - We see a huge exhaustion which means an Impulse buyers were too weak so sellers push the momentum down
Daily - There was a major consolidation before breaking out with a bearish candle after a false breakout candle
4Hr - Market makes LH's with a breakout of the Major support
How to enter - We look for retracement on the Major support broken to catch a sell to the downside (Major move)
GBPNZD can continue to go upGBPNZD seems to be finding some support in the 2.04 area. So, if today's market is being driven by risk-off flows, GBPNZD can continue to go up from its current level of 2.0470.
Potential profit levels could be 2.06, 2.08 and 2.10
GBPNZD Weekly ForeacastThe GBPNZD still going strong uptrend for the pass 2 weeks . i'm going to add on more order if this pair do a slightly pullback to the nearest support or continue to buy at breakout to the upside!
GBPNZD potential bounce!
GBPNZD expected to reverse up to 1st support at 2.03525 where it could potentially react and bounce to its resistance at 1st resistance at 2.04064.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD should go long after breakout of descending wedgeGBPNZD is right now in ascending channel. After correction (descending wedge), the pair should go up. The pair is also near Fibo retracement level.
GBPNZD - LONGGBPNZD - LONG
-waiting on correct entry confirmations
-looking to take a long position around the mapped zone
trade with caution
GBPNZD potential reversal!
GBPNZD expected to rise up to 1st resistance at 2.05006 where it could potentially react off and drop down to 1st support at 2.02305.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD- After major exhaustion on Daily TF
- We look for retest of the Double Top but unfortunately the market opened above
- Now we wait for retrace to enter a sell
GBPNZD giving us a SHORT ENTRYAs we can see, the value has retested a point 3 in the downtrend and is now falling without any other retest and in a really hard way, so this is our confirmation to enter in the operation, our first TP could be in the weekly KL and the second one will be in the monthly KL.
GBP/NZD : Strong Sell Time Big Ascending Channel and Double Top Pattern Forming for the drop in downside.
ThankYou
GBP/NZD Buy Setup ( Elite trading System )Hello, we are looking for buy setup because of multiple reasons.
Buy territory
Up trend
Weekly support
Correction
Trend strong bullish on all timeframes M,W,D
Risk Management!
