Gbpnzdforecast
GbpNzd to drop under 1.9The month of October is, for GbpNzd an H&S pattern, with the spike above the 2k zone, marking the head.
With the start of November, the neckline break comes followed by a drop and correction in a flag.
Now this correction seems to be over and the pair could drop to visit the previous support under 1.9
I'm bearish GbpNzd as long as the pair stays under the 1.9550-1.96 zone and sell rallies could be a good trade with good R: R
GBPNZD - Sell-off continuation ✅Hello traders!
‼️ This is my analysis on GBPNZD .
Here we are bearish from H1 timeframe perspective, so I am looking for shorts. I expect price to continue bearish price action after filling the imbalance above and rejected from institutional big figure 1.95000.
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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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GBPNZD - Short till support ✅Hello traders!
‼️ This is my analysis on GBPNZD .
Here we are bearish from H1 timeframe perspective, so I expect bearish price action after price took out buy side liquidity and rejected from institutional big figure 2.00000.
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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 - Bearish short and mid term ✅Hello traders!
⁉️This is my analysis on GBPNZD .
Here we can see that price rejected from institutional big figure 2.00000 and broke the market structure, so I expect bearish price action for upcoming weeks to fill the imbalances below.
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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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GBPNZD SHORT
List of confluences:
1: Trendline breakout on daily chart
2: Rising wedge pattern breakout which signals trend continuation to the downside.
3:Key level breakout on daily chart.
4: Change in market structure from bullish to bearish.
We will be looking to sell this pair as it remains bearish despite BOE attempt to intervene in the weakening of the Pound.
Risk reward currently stands at approximately 9.13 to 1. So we could see a return of between 9.13% to 18.26 for this
particular trade if we risk between 1 - 2 percent of our account per trade.
GBPNZDHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will have more profit always and you will not be a loss.
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⁉️ GBPNZD - Market AnalysisHello 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 and then to reject from bullish orderblock + institutional big figure 1.91000.
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⁉️ GBPNZD - Market AnalysisHello traders!
⁉️This is my analysis on GBPNZD .
Here I expect price to retrace a little bit after rejecting from bullish orderblock and I am looking for a short if price fills the imbalance and rejects from bearish orderblock + institutional big figure 1.90000.
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GBPNZD is in possible sell zone!!GBPNZD has formed a very strong textbook bearish engulfed on the 4H timeframe. the price on the daily is highly bearish as well. there back to 2-time liquidity grab means, there is a high probability of dropping after a retest of the previous resistance as support
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