GBPNZD Potential Short!GBP-NZD broke out of the
Horizontal range and also
Broke the rising support
So as it is now making
A pullback I think
There is a high chance
To see a move down
Gbpnzdanalysis
DeGRAM | GBPNZD potential the head and shoulders patternGBPNZD broke out of the ascending channel and moved higher to the resistance level, which is psychological level at 1.9500.
The market is creating a head&shoulders pattern. There's a nice confluence zone to short at the resistance level .
We expect a pullback from the resistance.
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GPBNZD possible short for 1.88701.9520 strong resistance broke on 22nd & 28th February but not able to sustain price higher and closed below 1.9520 that is indication as a fake breakout. 28th daily key reversal bar made a new high closed on the low indication for weakness for coming days. 1st March daily insurance bar confirms further weakness ahead. target is 1.8870.
GBPNZD SHORTSPRICE has been moving down impulsively from a value area and has created several entry opportunities of which the current formation is latest..shorts activated on breakout
UPDATE GBPNZD - Still in play but the warning is concerningW Formation formed and broke above.
The big warning and problem is that there was low volatility and the market was moving in a continued sideways range.
This is concerning because the buyers are not too strong which is why we now had a large bearish engulfing candle showing how the sellers are running the show.
7>21 but <200MA
RSI <50 - Turned bearish
Target 2.000
But this is still a medium probability trade
GBPNZD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective of GBPNZD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I see price to make the retracement and then to reject from bullish order block + institutional big figure 1.93000.
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GBPNZD LONG - STRONG CONFLUENCE!Waiting for a pullback to retest 1.91995 to long GBPNZD back up to 4H highs at 1.95023.
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GBP/NZD New Wave With A New Free Trade Price has created a great area for support tat was a previous res so we can enter a buy trade
GBPNZD - Criteria Met!Last week we looked at this and it had not swept the high of the wick we were after, it has done that (only just!) right now. I am officially in LIVE on this trade, stop and profit levels are shown. This is my analysis, trust your own.
Any trade for the rest of the week will more than likely be demo only as only 1 live trade gets taken at a time as a measure of risk management.
GBPNZD : Long Trade ,4hHello traders, we want to check the GBPNZD chart in the 4-hour time frame. The price has managed to break the range channel and also the key level of 1.94000 upwards. If the price can make a correction around this level, it is a good point to enter. It is a trade and we can expect it to continue its growth until the key level of 1.99600. Good luck.
GBPNZD buy Entry : 1.93580
Stop : 1.90643 , Target1 : 1.96824 , Target2 : 1.99455
Risk/Reward Ratio : 2
GBPNZD - Bearish price action ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Here we can see that price took buy stop liquidity, formed a normal divergence and rejected from institutional big figure 1.93000, so I am looking only for shorts.
‼️Attention!!! Due to the fact that we have news events on GBP & NZD this week, the analysis can be invalidated.
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GBPNZD LONG - 4H SWING HIGHS!Waiting for a pullback to retest 1.91986 to long GBPNZD back to 4H swing high at 1.93737
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GBPNZD : Long Trade ,1hGBPNZD buy Entry : 1.91610
Stop : 1.90605 , Target1 : 1.92614 , Target2 : 1.93618
Risk/Reward Ratio : 2
GBPNZD....SELL (200 PIPS)After GN bounced off at a resistant price value at 1.9237, it has retraced to last week Friday's range. GN has a poor momentum to be bullish for now and hence technically, i see GN re-visiting this weeks Monday's low at 1.8997. But I do expect GN to close this week below its previous low at 1.8997. Currently trading a bit above the 78.6% fibo mark.
NB: Eyes on the breakout zone ( Blue Box Region)
Red Box ( Possible rejection zone)
GBPNZD GBPNZD - Just an idea!
Technical view:
Beautiful channel/ Trendline down now concentrate on that. Now yes could be pattern wise a cup & handle pattern - but it hasn't broken out yet ... Look at the price and the wicks of the candles on knowing who's in control. Above and out of this channel bulls can gain control towards 200 EMA. However, if we break below the range we are in expect us to retest the recent lows of 1.89250/100 areas.
Keep it as simple as possible with the great R/R trade ideas.
Key tip: Don't forget to follow your own trade plan that's what really matters.
Have a great day ahead,
Trade Journal
GBPNZD, Shorts clear again?Sorry for the lack of posting, I have been having some good success with set ups, I just forget to share them here. Another idea for GN, that last one paid out at 18:1 RISK REWARD. Only looking for shorts should that wick mentioned be swept (price takes it out).
From there I will drop to a lower time frame for my entry, but even just setting a sell limit order on that wick is around 4.5:1 RR so that in itself is not bad. I will see if I can up that reward by trying to nail an entry lower. Things looking very nice around the whole market. Do't get ahead of yourself, one trade at a time :)
DeGRAM | GBPNZD consolidation breakoutGBPNZD is moving in the ascending channel and making higher highs.
The market broke and closed above strong resistance that became support.
Following a price surge, if price pulls back to the support level then we expect retest of the resistance level .
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GBPNZD Buy Signal With Price ActionIf price can move into this range during the London session, I will purchase GBP/NZD. For me, the London Session starts at 6:00am UTC.
GBPNZD LONG - REVERSAL TIME!Waiting for a break and retest of 1.91484 to long GBPNZD back to swing highs at 1.93743
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GBPNZD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPNZD .
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking only for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from institutional big figure 1.91000.
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GBP/NZD (05/02/23) Short term longsGBP/NZD LONG IDEA
Trend: Bearish
Liquidity towards the top side
Short term play before sells
With such a distance for my sells. We obviously need to see some short term buying pressure towards my point of interest.
Will look for confirmation on a lower timeframe.
GBPNZD : Short Trade ,1hGBPNZD sell Entry : 1.90738
Stop : 1.91881 , Target1 : 1.89601 , Target2 : 1.88449
Risk/Reward Ratio : 2
