GBPNZD SHORT (VERY LONG TERM IDEA)Leave your thoughts on this one guys, would like to hear your thoughts on an idea like this
Gbpnzdforecast
GBPNZD SELLMONDAY, 4th May 2020
#GBPNZD SELL
ENTRY = NOW at 2.06600
SL = 2.07300 (-70 PIPS)
TP = 2.03000 (+350 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
Get LONG on GBPNZD - good BUY opportunityI've just gone LONG GBP/NZD. Price has returned to WS1 and found support and looks primed for a move north. I'm in at 2.0418 with a STOP under the swing low at 2.0354 which is under WS1. Looks a good thing this with my Disciplindicator confirming with 2 stars.
GBPNZD DAILY ANALYSISIf break green box it means downtrend is over but i expect sell trend goes on , you can follow arrows for possible scenario
If you want to support please like idea ,thanks
GBPNZD may fall today vey stronglyGBPNZD is looking for long sell due to lot of sell pressure building from few days.our strong sell are begins from 2.05400.Our 1st sell target will be 2.04300 which is highly possible to be achieved while after little retracement as metioned in chart analysis,it may goes for 2nd target which will be 2.03400.
GBPNZD IDEAYou can use Red trendline for short trade , Blue trendline for long trade , will swing between trend lines
Please like for support
GBPNZD Short! 1hrNote: Idea is to complement your research.
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GBPNZD Short! 4HrNote: Idea is to complement your research.
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GBPNZD LONG longs from pink box zone given await rejection then enter, if it doesn't reject this trade set up is then invalid
GBP/NZDResistance not broken on H1 and there's an ascending channel on H1 but this most likely will be broken.
Also, we can see a Double Top forming after the retrace and this pair may go down for another 400-500 pips
GBPNZD IDEAYou can use this channels and fibo 0.618 level , first sell top of the channel then we will looking for buy opportunity
Two possible scenarios for GBPNZD next week.. On screen analysisWe are in the middle of a pandemic right now with everything that is going on with the Corona virus. It seems to me that Australia and New Sealand were hit hard economically and will be in the next few weeks. My eyes will be on a long trade to the same level of the spike on March 8 which is a Monthly support and resistance level @2.17
On the other hand there could be a big change of events which could lead to a decline in value of the British Pound. Therefor we will first see a clear break of the recent Up trend and probably support turning in to resistance @2.02. When this happens my target will be 1.94 in a short trade.
Trade with care and caution! I will keep you posted on this one.
GBPNZD: WEAKNESS IN TREND.Thanks for Taking Interested in my Trading Idea.
GBPNZD: WEAKNESS IN TREND.
MARKET HAS PUMP VERY HARD TODAY LOOKS LIKE MARKET FILL DOWN FROM HERE
SHOWING WEAKNESS IN TREND.
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Note: This is only for Educational purposes; this is not investment advice.
Thanks for your support!
