OPINION ON GBPNZDGBPNZD POSSIBLE SHORT. INITIAL TARGET AS SHOWN BUT WILL TAKE PARTIALS IF TRADE PLAYS OUT.
Gbpnzdanalysis
GBPNZD long trade ideaPlan: wait for the price to bounce off support level/demand zone --> 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 as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
GBPNZD long trade ideaPlan: wait for the 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 as I do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPNZD | Perspective for the new week | Follow-upFollowing Downing street’s lockdown exit plan; the Pounds appears to have found a platform to rise against the Kiwi as confidence in the UK economy resumes!
With over 300pips in our favour since my last publication on this channel (see link below for reference purposes), we might be on the verge of a very LONG rally in the coming week(s) as the price seems to have established a Support @ NZ$1.88500/1.90000 area - a level which has been respected since the beginning of the year since the Breakout on the 15th of January 2021.
Tendency: Uptrend ( Bullish )
Structure: Breakout | Supply & Demand | Reversal pattern (DB)
Observation: i. The Bearish Impulse leg that began in March 2020 appeared to have found a bottom at around NZ$1.85000 to make a Double Bottom structure - a strong reversal pattern that incites Bullish tendencies.
ii. My Key level identified @ NZ$1.90500 as been an area that dictated the momentum of price action since Nov 2020.
iii. This Key level that has been a Supplication zone since Nov 2020 appears to have become a strong Demand level since Breakout (Jan 2021) followed by sharp rejection.
iv. A quick look at my weekly chart supports completion of a reversal pattern as last week trading session culminates with a beautiful "hammer candle"!
v. Last week Friday trading session experienced an engulfing Bullish candle spring out of Demand level to emphasize the strong presence of Buyers at this juncture in the market.
vi. This been said, I shall be looking for buying opportunity anywhere above my Key level @ NZ$1.90500 in the coming week(s) to take advantage of this rally.
Trading plan: BUY confirmation with a minimum potential profit of 800 pips.
Risk/Reward : 1:5
Potential Duration: 20 to 40 days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPNZD POSSİBLE SHORT BULLİSH Hello traders, I hope everyone has a nice trading week. I would like to share one my possible short term bullish scenario for GBPNZD .Please support this idea with like If you find it useful.
We almost reach the strong support-demand zone; When it test this zone, It's possible jump to the upside. We just need to see nice rejection, looking for bullish candlesticks .
The information given is not a financial advice. Remember this analysis is not %100 accurate. To make decision please follow your own thoughts.
GBPNZD | Perspective for the new weekDespite the UK’s coronavirus pandemic situation... I still hold on to an overall Bullish perspective due to the reversal structure (the culmination of 127.2 ext Bearish run) cited on my Daily chart; I am of the opinion that price is at a juncture where the opportunity for a quick counter-trend trade is possible before the rally begins!
Tendency: Short term Downtrend ( Bearish )
Structure: Double Top | Supply & Demand
Observation: i. Double Top: The appearance of an extremely bearish reversal pattern forms after the price reach a peak at two consecutive times with a moderate decline between the two highs (NZ$1.92150/1.91980).
ii. Though it is generally accepted that sell confirmation happens once the price falls below the demand level equal to the low between the two peaks (NZ$1.92150/1.91980), Considering the present pattern, I shall be tweaking this concept lil' bit by making a Sell window at the new Supply level @ NZ$1.91000 in the coming week.
iii. For those who are a little bit cautious, we can hold till price breaks neckline @ NZ$1.89000 area for confirmation.
iv. Please note: I am of the opinion that the exhaustion of bearish move after Breakdown of the neckline will be resulting in a Big rally in the future!
Trading plan: SELL confirmation with a minimum potential profit of 350 pips.
Risk/Reward : 1:3
Potential Duration: 8 to 15 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBP/NZD BUYGBP/NZD has been in an uptrend , r especting the ascending channel since the beginning of the year
Currently the price is almost touching the bottom trend line ( retracement ).
I expect the price to show a reversal , with the buyers taking control of the market, increasing the price and continuing the ascending channel .
I will wait for a clear rejection of this trend line for a conformation and enter the trade. The expected movement is shown by the grey path drawn .
GBPNZD possible target 1.9450professionals increasing gbp long positions since last few weeks, professionals increased 7% long positions by last four weeks, while reduced 3% shorts positions in nzd. split your position by dividing half risk each with following levels, 1.9180 and 1.9105 for target 1.9450.
GBPNZD short positionone of my favorite pairs, I have entered on 1.93340 and another one on my gold zone, and I'm aiming for 200 pips at least because we have many confirmations shows that it's. going down
GBPNZD / STRUCTURE BREAK / DAILY BEARISH ENGULFINGLooks like we're going down, just waiting on a pullback
GBPNZD LongHi traders,
As we can see here GBPNZD reached our ressistance, broke above then already came nicelly to retest the area.
scaling to 2H TF you can spot a double bottom that has been formed at the support area(Previous Ressitance).
i will wait on market opening the pair to reach the 55% of fibbonaci to enter Longs.
GBP/NZD TP Hit, Wait For RetraceAnother TP hit on this yesterday, now retrace it taking place. Looking for chance to re-enter a long around 0.382 Fibonacci. If price rebounds here target is 1.96382. Looking for a further target beyond that of 1.98041 but that may need to be a separate trade after taking profit and seeing retrace.
GBPNZD Long-term Bearish SetupHi Traders!
GBPNZD has been trading a corrective channel for about two months. The pattern within the channel is unfolded as a double zigzag pattern. According to Elliot Wave theory, once a correction is completed the price will resume in the direction of the dominant trend. It's bearish in the GBPNZD case.
Another technical analysis that's supporting bearish reversal is the rejection of the 200 EMA and long-term descending trendline.
The breach of the 1.91653 key level will confirm the correction is completed and the price has resumed the downtrend.
What's your view on GBPNZD? Let me know in the comment.
Thanks,
Veejahbee.
Another GBPNZD HighHi Traders
I think we are likely to see another GBPNZD high. On chart I have plotted a trendline which is acting as resistance, I am taking short positions.
Short at market
Stop loss: 1.9226
Target : 1.8579
GBPNZD, daily tf, 10-months descending trendline breakout (2)Hello my friends,
I posted about this position at February 9th when i took buy positions.
Price now reaching an area of conflunce resistance consisting of horizontal resistance and EMA-200.
I've decided to closed my buy here first and booked +280 pips profit.
I will be looking to reenter buy again later if price managed to close above 1.9330 on a daily candle.
My GBPAUD also now floating +100 pips and i am still holding.
I am planning to take profit once price reached 1.80xx area.
IF you took both trades with me, you should be in profit as well
GBPNZD W2 Feb 2021GBPNZD
Possible movement setup
Price overall is forming an Expanding Flag pattern. Price recently bounced off a resistance trendline. Both buy and sell entries could be placed on this pairing on its respective POI
GBPNZD ANALYSIS - Ascending Triangle GBPNZD has reached the top of an Ascending triangle on a 3 hour time frame.
- We Normally wait for a confirmation, either a break-out or reversal before
placing a trade.
GBP/NZD Breaking OutThis now looks to be breaking above resistance. I said this was happening a couple of days ago but I jumped the gun slightly, hopefully if you opened the trade then you are still in. Now want to see this stabilise above resistance and possibly retrace to test it as support. If you are not in this trade then I suggest waiting for a retrace to support before longing.
Could see some resistance at 1.93237, but target is 1.98013
Providing we see this close above resistance and support holding on a retrace then SL can be around 1.90600
GBP/NZD - £ Has MomentumGBP is looking very strong and I expect it to push higher. Price on this is currently at resistance but with the momentum this should go straight through it. I have set 2 take profits as I am ultimately aiming for TP 2 but TP 1 allows for exiting the trade and re-entering after a retracement.
SELL SELL SELLHello team, price has been moving in perfect waves. we have an indecision candle showing up that bulls have potentially run out of momentum. looking for sell all the way down to demand.
