Gbpnzdbuy
GBPNZD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPNZD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
I see buys on GbpnzdWe had price break a major level making a new high. With the new high made this is called our indication. Which means that with the right momentum we can expect price to come back to that high after a correction. Due to price being on a uptrend which means no lows have been broken we can anticipate that price is bullish.
GBPNZD POTENTIAL LONG FORMATION IN PROGRESS (BULLISH CHANNEL)When we look at the pair there are more bullish signs and bearish signs hence we are only looking for buying opportunities.
We have listed the reasons for our bullish basis below:
1: Higher times frames show a strong bullish trend.
2: Lower bullish channel test and potential bounce.
3: Up-trendline test and bounce.
4: Pair us making new highs which signal a bullish trend.
Nothing in the markets is ever perfect and this includes pattern formations. It's not every often we see textbook-style patterns. As long as risk is managed, if we happen to get stopped, we move to the next trading setup.
GBPNZD - Bat Pattern OpportunityIf GBPNZD goes up from here it will likely trigger my bearish bat pattern limit order (see previous idea). However, if it falls from here it will trigger my bullish bat pattern limit order.
My back testing shows that these patterns are highly profitable on this pair. I enter with a limit order at the 88.6 retracement and take TP1 at the 38.2 retracement and TP2 at the 61.8 retracement.
If price moves against me I trail my take profit levels accordingly.
GBPNZD Trading Plan - 27/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect GBPNZD to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBPNZD - Short from resistance ✅Hello traders!
‼️ This is my analysis on GBPNZD .
Here we are bearish from H4 timeframe perspective, after price broke out the support zone, that now become resistance, so I am looking for shorts. I expect price to retrace a little bit and look for a short from resistance + institutional big figure 1.96000.
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BUY GBPNZD @ This LevelShort BUY idea on this pair we have had a near 800 pip drop this week heading straight towards a nice Daily DEMAND/BUY zone which is located at the start of a weekly level also.
I will start to look to enter this pair @ 1.91 or below using my indicator on the 4 hr or above to give a siganl a nice qick target for this pair is around 1.953 which is the low in the distribution period that we just broke out of this week.
This pair will likely play out next week
GBPNZD - Long from bullish orderblock ✅Hello traders!
⁉️This is my analysis on GBPNZD.
Here we are in a bullish market structure, so I am looking only for longs. I expect price to make a retracement to fill the imbalance and then to reject from bullish orderblock + institutional mid figure 1.98000.
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GBPNZD - Long from bullish orderblock ✅Hello traders!
⁉️This is my analysis on GBPNZD.
Here we have stron bullish momentum, so I am looking only for longs. If price makes a retracement and fills the imbalances below and rejects from bullish orderblock + institutional big figure 1.95000, I will open a long position.
Also we have news event about Cash Rate on NZD on Wednesday. If the rate is increased, it means strong NZD, that will support our retracement.
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