GBP/NZD Cup and Handle FormationGBP/NZD has completed the cup and handle formation on the 1D chart. The pattern would become stronger if it continues trading in this range for a few more days. It's currently on a strong resistance. It would be better to take an entry after the breakout. The target would 2.04 once it breaks out.
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Gbpnzdbuy
GBPNZD Inverted Head & Shoulder Pattern#GBPNZD Hello trader, I hope are good and safe. Today I opened the chart of #GBPNZD for 15 Min and analyzed it then I see that this chart has made a INVERTED HEAD & SHOULDER PATTERN, So I hope #GBPNZD will go up,
Now Nice opportunity for long.
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GBPNZD Inverted ShampooGPNZD formed an inverted H&S, I already entered before making this analysis, but hopefully there will be another entry opportunity, because the stochastic momentum is already above 80, maybe the momentum can still go down a little and then continue to rise.
This analysis is also supported by the fundamental strength of GBP itself which has raised interest rates, so I think this is a good opportunity.
I use the ichimoku indicator too, but on this occasion I hide it so that the chart looks neat.
GbpNzd- Where to buy for 2.0 target?From recent November's low under 1.9, the pair has reversed strongly and now is trading exactly in 1.9650 resistance
At this moment we can consider that a higher low is in place just under 1.94 and I expect a continuation to the upside for this pair, and 2.0 figure to be reached in medium-term.
Buy dips is my strategy for this pair and the ideal zone for a strong R:R is 1.95
A drop under 1.93 would negate this bullish scenario
GbpnzdLooking for 340+ pips 💲💲
This is the chart of gbpnzd
Reasons for take this trade
1 - it's gave channel pattern breakout
2 - it's completed ABC pattern
3 - fib retracement(very important)
4 - if we see long term chart then we easily can see first there was impulse then retest and now continuing impulse
5 - history repeating
6- index showing weakness
Here are the reason to take this trade I hope I am succeed to give value and learning
We will get better together with time 🥰🥰🥰
That's was my analysis
Thank you 💟
GBP/NZD:UPTREND|FIBO PRICE ACTION ANALYSIS+DIVERGENCES|LONG 🔔Previous Idea in Take profit....
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gbpnzd longgbpnzd buy :
Reasons :
there are many support levels here,but market is going in a nice upward trend ,but it can retest and we cant be sure at which particular point it does retest,as there are 2 levels ,
so my best guess is that wait for the 2nd retest too and if it doesnt go there then we can place an uptrend
take profit will be the above support level which is gave
GBPNZD TO FINALLY PUSH?We are still waiting patiently, watching the corrective movement of this pair.
Price is still retesting the level and showing bullish signs.
We keep our eyes focused so as to not miss the push when it comes.
With some more rejections at the level, we could see continuation sides to this uptrend.
GBP/NZD Full Analysis And 2 Setups Available In This Video !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/NZD Moving In Our Range And Many Setups Available Here ! This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions