GBPNZD - Bearish Breakout + DivergenceTaking a look at the 1 hour timeframe, it's quite noticable that we have a clean breakout to the downside along with bearish divergence with RSI.
This isn't much of a surprise as this pair is heavily overbought on the daily and weekly timeframes.
Next week we get the latest policy decision from the BOE which likely will contribute to stirling weakness heading into the meeting.
GBPNZD
GBPNZDGBPNZD price is in an uptrend. The price has an opportunity to test the resistance zone. 2.18438-2.19213 If the price cannot break through the 2.19213 level, it is expected that there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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GBPNZD ... 2 entery for position Hello dear forex trade
This price action for GBPNZD
I sell in two steps...
the first is with the confirmation of the candlestick pattern on the lower time frame... for the second sale, I wait for a new HH after it is rejected, I enter another sell step... this setup is a combination of rtm price aaction and Fibonacci
Good luck
mehdi
GBPNZDGBPNZD price is near the resistance zone. 2.16017-2.16223 If the price cannot break through the 2.16223 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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*Always follow your trading plan regarding entry, risk management
GBP/NZD SHORT FROM RESISTANCE
Hello, Friends!
GBP-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.148 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/NZD pair.
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GBPNZD Sell signal at the top of the Channel Up.The GBPNZD pair is approaching the top (Higher Highs trend-line) of the 7-month Channel Up and has already completed a +4.40% rise since its recent Higher Low. That is the exact rise % that the previous two Bullish Legs of the Channel achieved.
As a result this is close to the most optimal sell signal we can get. Both previous Bearish Legs that followed such top sell signals, reached at least the 0.618 Fibonacci retracement level. Therefore, our short-term Target on this pair is 2.09500.
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GBPNZD: DT Curve Analysis📉 As we analyze the GBPNZD, we observe a pivot high at 2.1587 and a pivot low at 2.00. If this downtrend curve analysis plays out, there may be an opportunity to sell at the significant resistance level of 2.146.
📊 Following that, we will encounter our first support level around 2.1, with the next support level at 2.08, which falls in the middle of the pivot range. It's important to note that there will likely be a lot of consolidation in this area.
📈 If the price closes below the mid-pivot, the downtrend is expected to continue. Conversely, a turnaround to the upside could occur at the major support level of approximately 2.0235.
🙏 Let's remain optimistic and hope for favor as we navigate the market.
GBPNZD Simple Trade Plans PRE New Zealand InflationA rampant GBP Post UK Elections and a dovish stance coming out the RBNZ have provided us with a significant rally to start to look short on (Carefully).
If CPI comes in higher, we may see a reversal of the latest NZD sentiment, ultimately dropping GBPNZD (not a given).
Short side bias comes at local highs, extreme push. Likely to weaken.
GBNZD I Potential short from top of channel Welcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPNZD Trading Opportunity! SELL!
My dear followers,
I analysed this chart on GBPNZD and concluded the following:
The market is trading on 2.0774 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.0726
Safe Stop Loss - 2.0808
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBPNZD Technical Analysis anda Trade Idea The GBPNZD has experienced a strong rally on the back of RBNZ data release being fairly dovish today. This has resulted in NZD to weaken somewhat offering a potential buy opportunity. This rally has overextended and I'm looking for an entry point on a pullback down into the 61.8% Fibonacci retracement level. In the video we talk about the trend market structure, price action and I attempt to simplify some ideas to help people who are new to trading understand how the markets work. This analysis is for educational purposes only and not to be construed as financial advice.
GbpNzd could rise and test 2.12 resistance (1:3 R:R)Since the beginning of the year, GBP/NZD has been on an upward trajectory, making higher lows and higher highs on the daily chart.
Last week, the pair briefly dropped below support, but this was a false break, strongly reversed by Friday's price action.
Currently, a new higher low seems to be forming.
In my opinion, the pair will continue its upward movement and test the previous high around 2.12.
My strategy is to buy on dips against the recent low, aiming for a 1:3 risk-to-reward ratio.
GBP/NZD SHORT FROM RESISTANCE
Hello,Friends!
GBP/NZD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.074 area.
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GBPNZD: Bearish Continuation & Short Signal
GBPNZD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short GBPNZD
Entry - 2.0850
Sl - 2.0904
Tp - 2.0758
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD Is Going Down! Sell!
Here is our detailed technical review for GBPNZD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2.089.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2.082 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPNZD Short Term Buy IdeaD1 - Price is bouncing higher from a strong support zone
Bullish divergence
H4 - Price is currently moving inside a range.
A valid breakout above the top of the range would be the validation for this bullish view
Alternatively if we get a valid breakout below the bottom of the range then this bullish view
will be invalidated
Bearish drop?GBP/NZD is currently as a resistance level which is a pullback resistance that is slightly below the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 2.08864
Why we like it:
There is a pullback resistance that is slightly below the 127.2% Fibonacci extension.
Stop loss: 2.09868
Why we like it:
There is a pullback resistance level.
Take profit: 2.07681
Why we like it:
There is a pullback support level which lines up with the 50% Fibonacci retracement.
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GBPNZD Short Alert: Targeting a 253 Pip Drop! In this video, I'm highlighting a prime short opportunity on GBPNZD, where I believe we can capture an impressive 253 pip drop. Using thorough technical analysis and market insights, I’ll explain why this pair is poised for a significant decline.
We'll dive into:
Key indicators signaling a bearish trend
Detailed analysis of current market conditions
Step-by-step breakdown of my short position strategy
Risk management tips to protect your capital
Join me as I outline this exciting trade setup and provide actionable insights to help you take advantage of this potential move. Don't forget to like, comment, and subscribe for more high-impact trading strategies and market analysis. Let's capture those pips together! 🚀💹