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Gbpnzdanalysis

GBPNZD seems bearish to 1.8267 with a warningInverse Cup and Handle has formed on daily with not a great handle (but a Bear Rectangle) MAs all clustered which signals indecision with which direction it wants to go. There is clearly strong momentum to the downside and so the target is 1.8267 With the current tax issues in the UK since Liz Truss and the failing economy, investors are more wary with the pound and the direction on where it's going. The aftermath is showing more downside to come. Bearish bias
Short
by Timonrosso
GBPNZD should head down during the week of 21 Nov.GBPNZD is consolidating in a channel structure. When such PA develops at the bottom of a bearish move, IMO the breakout will be in the same direction as the preceding trend. Traders also know this as the "bear flag". I will be looking to take a short around the 1.9590 region, if we get a move to that area followed by some bearish PA on a lower time frame. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
GBPNZD Buy PullbackMarket Structure is KING! Hey, if you like this idea be sure to support with a like and a follow. Here is my analysis for GBPNZD for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next DEMAND area. What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? Market structure will give you direction. 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Long
by bluesignalfx
GBPNZD: Is the market getting ready for the next IMPULSE?Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPNZD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: At the end of September, the market performed a really strong and sharp bullish impulse. During that time, many traders were looking for a long position, our team included! Eventually, in the month of November, we could see a formation of a head and shoulders just above a previous swing high, a perfect clue for a market reversal, confirmed just at the end of October with a strong breakout of the main pattern and continuation to the downside. Currently, the market is forming a potential bearish flag, needed to correct the previous sharp and quick move. For our bias, although we will be looking for a short entry, the market is not ready yet and a deeper consolidation it may happen and last for the week and eventually the next one. When, where and why would we step into the market? Before any short position on this market, we will be waiting for the consolidation to be completed, eventually entering on the breakout or from the top of LTF structure if all the conditions will be in line with our strategy. We don’t expect the market reaching very low target but 1.9100 could be a realistic and a possible scenario, definitely profitable also in terms of RR! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
22