Gbpnzdanalysis
GBPNZD (REACT DONT PREDICT)GBPNZD has already tested the strong level of support form the weekly perspective so we anticipate price to shoot up, now going down on the h4 time frame we can see a break of structure for potential upside movement ( BUYING AFTER RETEST) But before that GBPNZD has also give us a sell setup because it is on the Trendline RESISTANCE Let's eat the pips
GBPNZD SHORT - CURRENT PRICE ACTION SHOWING STRONG BEARISH SIGNSHere I explain why we could see further movement to the downside for GBPNZD for next week with the current price action we are seeing on the H4 timeframe how we could potentially see a move into 1.85000 for a new low on this pair.
Leave a comment if agree, disagree or have any questions :)
Update on GBPNZD short trade 200+ pipsHey traders, this is the update on the GBPNZD trade that I forecast on 5 January. Check the previous analysis down below.
NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBPNZD Opportunities ( I WISH YOU COULD ALL KNOW THIS) GBPNZD will go bullish after a retest, So here we have 2 opportunities which are SELLING and BUYING however it is always a good idea to catch overall market direction opportunities, Generally we will take buys because the market has already tested the support and it is looking forward to test the resistance
GBPNZD, 4hr tf, sell on retest of resistance levelMy second trading plan for the next week is GBPNZD pairs.
As you can see there is a gap which has not been filled for 2 weeks.
It's quite a big gap and i think it will be fulfilled sooner or later.
GBPNZD finally broken below the ascending trendline which supporting it since 15th December.
I am now waiting for price to retest that trendline before taking a sell position.
I would prefer if price also retest 1.9080-1.9100 resistance level before going down because this area could be a crucial supply and demand zone.
If price really touch 1.9080-1.9100 area and reverse to the downside, we could also see it as a potential shoulders head pattern.
A sell limit position will be placed at 1.9080 just in case i was not watching the pairs when price come to this area.
Sell limit GBPNZD 1.9080
Stop loss 1.9160
Take profit 1.8690 (4.8R)
RR Ratio 1 : 4.8
Use only 1-2% risk
Good luck