GBPNZDmarket in weekly fvg but we need to shift 4hr but im looking down side 1day fvg so my antispacting day fvg and
GBPNZD trade ideas
GBPNZD: Will Keep Falling! Here is Why:
The price of GBPNZD will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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GBPNZD Short Term Buy IdeaH4 - Bullish trend pattern followed by a pullback
Price respected a strong support zone and bouncing higher
Until this strong support zone holds my short term view remains bullish here.
GBPNZD BullishIt looks I this is formed the W pattern and also broke the resistance , now consolidating above the 0.5 of Fibonacci shows bullishness ! soon may reach target T1 and T2
GBPNZD Expected Growth! BUY!
My dear friends,
GBPNZD looks like it will make a good move, and here are the details:
The market is trading on 2.1199 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2.1378
Recommended Stop Loss - 2.1097
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GBPNZD Long Set upHey guys!
As you see I have plotted the zones that see clear to the eye and based on those zones I have projected the price target, The trend is based on H1 analysis, however the chart would have looked so small so I had to show it to you on the daily time frame.
In any case I think the pull back will end at the buy zone and I'm buying there (Plotted as Buying zone). SL is set to 1 to 5 risk to reward ratio for this trade however on the chart its 1 to 3 something, so the lower you buy in the box the better.
GBPNZD Will Go Lower From Resistance! Short!
Please, check our technical outlook for GBPNZD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2.135.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2.108 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBP/NZD Downtrend continuationOANDA:GBPNZD is at a pullback zone to the downtrend on the HTF, so we could be looking at a continuation of downtrend. I will be placing my order like the chart for premium order. What are your thoughts?
GBP/NZD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/NZD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.101 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPNZD: Your Trading Plan Explained 🇬🇧🇳🇿
GBPNZD is retesting a recently broken major rising trend line on a daily.
To sell the market with a confirmation, watch a bearish flag pattern
on a 4H time frame.
Bearish breakout of its support line and a 4H candle close below that
will give us a strong signal to sell.
A bearish continuation will be expected at least to 2.106 level then.
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DCF Bets: GBP-6/NZD+5Today's market presents a promising opportunity for a short bet on GBP-6/NZD+5, with a risk-to-reward ratio of 1:2. I've set a limit order at the beginning of GBP's supply zone, which will expire today at 23:00 GMT+2. The max risk for this trade is around 5%.
Ideally, spotting a Bull Trap (a bearish liquidity pattern) forming in the supply zone on the lower time frames would be a great signal to add some extra positions.
GBPNZDGBPNZD is currently in a bearish trend.
Price is forming a bearish flag pattern, indicating a potential continuation of the uptrend.
The pair is being rejected from resistance at the 38% Fibonacci retracement level, adding confluence to the bearish bias.
what you guys think of this idea ?
TMT Istanbul Short For a SHORT position, TMT Istanbul provided a strong and reliable signal, and I opened my trade with a 1.75R ratio. These transactions were opened with the TMT Istanbul strategy. The reason I am sharing these transactions is to see the success rates of the transactions later on.
DCF Bets: GBP-6/NZD+5Today's market presents a promising opportunity for a short bet on GBP-6/NZD+5, with a risk-to-reward ratio of 1:1. I've set a limit order at the beginning of GBP's supply zone, which will expire today at 23:00 GMT+2. The max risk for this trade is around 5%.
Ideally, spotting a Bull Trap (a bearish liquidity pattern) forming in the supply zone on the lower time frames would be a great signal to add some extra positions.
GBPNZD SELLGood evening traders, here we could see that GBPNZD has been bearish in the higher time frame and has just now pulled back into this beautiful imbalance before pushing down further.
GPBNZD Long IdeaAfter the last analysis i dropped, market formed and inside candle followed by a bullish candle at a SnR zone with confluence with 0.332 fib retracement level.
If this level hold and we see break of the counter trendline and break of the SnR zone, then we will wait for a pullback into the SnR zone.
After the break and retest of the SnR zone, we will now wait for BULLISH CANDLESTICK PATTERN to go long.
If this zone fails to then we can watch out for the demand zone that was created below this SnR zone
GBPNZD BUY TRADEThis is my view on GBPNZD this week. Remember to trade with proper risk management. Good luck 👍
GBPNZD BULLISH Hello beautiful traders, this is my possible technical analysis on this pair GBPNZD, on my daily time frame only IF the market breaks above the resistant and on the retest that possible would give us a head and shoulders I would take a trade (long position).
GBP/NZD Analysis - 10th August 2024 for upcoming weekThe GBP/NZD chart shows a potential bullish reversal setup forming after a period of downward movement. Let's break down the key points:
Overall Context:
The broader trend appears to be bearish, as indicated by the descending highs and lows. However, the price action seems to be consolidating near a potential support zone, hinting at a possible reversal.
The presence of the Volume Rate of Volume Profile (VRVP) indicator adds another layer of analysis to identify potential support and resistance areas based on trading volume.
Key Observations:
Support Zone: The price has found support around the 2.09000 level, coinciding with a high-volume node on the VRVP, suggesting strong buying interest in this area.
Bullish Candle Formation: A bullish engulfing candlestick pattern has formed on the daily timeframe, indicating a potential shift in sentiment from bearish to bullish.
VRVP Insights: The VRVP shows decreasing volume as the price moved lower, which could suggest weakening selling pressure. Additionally, the current price is near the Value Area Low (VAL), which often acts as a support level.
Entry Reasons:
Bullish Engulfing Pattern: The formation of the bullish engulfing pattern signals a potential reversal. Traders might consider entering a long position on the confirmation of this pattern, such as a break above the high of the engulfing candle.
Support Zone & VRVP Confluence: The confluence of the 2.09000 support level and the high-volume node on the VRVP strengthens the case for a potential reversal. Traders might consider entering a long position near this support zone, anticipating a bounce.
GBP/NZD: Key Levels to Watch as Bullish Momentum Slows✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the GBP/NZD Forex pair.
🗂 About the Project: The GBP/NZD pair represents the exchange rate between the British Pound and the New Zealand Dollar. This currency pair is often traded in the Forex market and can be influenced by various factors such as economic data, interest rates, and geopolitical events in both the UK and New Zealand.
📊 Weekly Timeframe Analysis:
In the weekly timeframe, GBP/NZD has shown strong bullish momentum, reaching a resistance zone around 2.1860. The pair is currently retracing from this level, indicating potential profit-taking or a short-term correction. Key resistance levels are at 2.1860 and 2.2635, while support is seen around 2.0800 and 2.0329.
📈 If GBP/NZD manages to stabilize above 2.0800, we might see another attempt to break the resistance at 2.1860, which could lead to a push towards 2.2635. However, a failure to hold above 2.0329 might indicate a deeper correction, with the next support around 2.0084.
📊 Daily Timeframe Analysis:
On the daily chart, the pair has encountered resistance at 2.1888 and is currently consolidating just above the 2.1160 support level. The recent price action suggests a potential bearish divergence, and a break below 2.1160 could see the price testing lower levels like 2.0626 and 2.0084.
🧲 If the price stabilizes above 2.1160, there is a chance for a bullish reversal targeting the resistance at 2.1888. However, a continuation of the downtrend could take the price towards the 2.0626 support.
📊 4-Hour Timeframe Analysis:
On the 4-hour chart, GBP/NZD has completed a Fibonacci retracement to the 61.8% level around 2.1248. The pair is showing signs of consolidation, with RSI around 48.69, indicating neither overbought nor oversold conditions. A move above 2.1366 could trigger further gains towards 2.1888, while a drop below 2.1116 could see the pair revisiting the 2.0626 level.
📉 RSI Oscillator:
The RSI is relatively neutral in the 4-hour timeframe, hovering around 48.69, and slightly bearish on the daily timeframe at 46.58. On the weekly chart, the RSI is still above 50, suggesting that the overall trend remains bullish, but with a potential slowdown.
⚠️ Conclusion:
Given the mixed signals across different timeframes, it's important to watch key levels such as 2.1160 for support and 2.1888 for resistance. The RSI is not providing clear signals, so price action around these levels will be crucial in determining the next direction.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a Forex pair you'd like me to analyze next.
GBPNZD: Bullish Continuation & Long Trade
GBPNZD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GBPNZD
Entry - 2.1205
Stop - 2.1082
Take - 2.1417
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD long1. The GBP fundamentals are stronger than the NZD one.
2. A swing reversal point may be reached on the daily structure.
3. Intraday entry from the dynamic support (Bollinger bands).
