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Gbpnzdlong

GBPNZD ON LONGGN have been on the upward movement since Nov 8th and it doesn't look like it will slow down soon, well according to my analysis though *smiles - Retested the RESISTANCE zone multiple times at 1.96000 and ended last week on the 4TF (3rd of December) with a bearish candle stick. - Price bounced off on the 50SMA on the 3rd signifying that the buyers are still in the zone. - Triple top pattern is forming right at 1.96000 causing a downward trend which will get to 1.95500, a bullish confirmation candle will propel the price further up the chain. This is my own personal analysis....always check before going into the market. Thanks
Long
by ayogunde
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 💟
Long
by forex_academy07
5
GBPNZD - bullish reversalHello all, GBPNZD has been falling for a quite long time in a bull flag pattern on 1D time frame. Now it has reached the support line for the 3rd time and also it is close to the structural support zone. Plus the double bottom pattern is forming on 4H time frame. Thus it is possible to enter the bullish reversal at the lowest possible point. However, it is quite risky trade. Disclaimer: Any risk related to trading this pair is solely on you. Please, think thoroughly before making a trading decision. Cheers!
Long
by Barysbyek
Potential Deep CrabGBPNZD - Potential Daily Crab, D leg lands in the daily demand zone, clears an imbalance and taps a refined OB (This is my ideal entry for a buy, highest probably, lowest DD trade) However price may just clear the daily imbalance (1.93043 level) and then reverse! Will be watching PA as it reaches this level. First level ill take a swing with LTF confirmation at the first if price bounces, and if price comes to mitigate the second level ill add a second order. Whats your thoughts?
Long
by benalistarfx
GBPNZD - Bullish BiasGBP - Weak Bullish 1️⃣ BOE Chief Economist Huw Pill says that the current strength of inflation appears to be proving to be more durable than initially expected and the BoE plans to release asset purchase stocks in the best possible way. NZD - Weak Bearish 1️⃣ The expectation of an interest rate hike is already expected. Not surprising the market. ===== Technical ===== Buy opportunity for GBPNZD if the price retrace at support first. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Long
by MonsunAsia