GBPNZD late night trade 😀👍It's a late one for a trade idea but to good not to.
Working the 45M time frame here on GBPNZD and this is a solid all round strategy.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
Thank you.
Darren.
Gbpnzdlong
GBPNZD LongAnalysis done on the weekly/daily timeframe. Very clear bullish trendline on the weekly TF, S&D zones drawn out from the daily TF, including some key S&R levels. I expect price to come down at least to the middle zone, and if it it able to breakthrough it, then it will go down to the trendline. I may take some low risk buys from the middle zone with tight SLs below liquidity.
Pretty simple setup, i'll be keeping an eye out for the perfect opportunity to enter.
Updates to follow, follow me to see them.
uptrend continuation or breakdown with poundthis is a low risk setup. DXY needs correction, Pound needs a breath, NZD showed weakness. current price has just rose after breifly touched below the lower side of the uptrend channel, so I'm biased that the price will continue to rise. Immediate target is 1.9823, after which I will trail it.
GBPNZD IdeaG'day Guys. How's going?
Let's get some trading idea today.
We looking for Buy today. For this pair, in the Daily time-frame perspective, this pair still heading up to uptrend but was blocked by a strong resistance level.
We still positive this pair heading up due to the market structure which in an Hourly time frame which is clearly showing the movement, there will be 2 levels or entries that we going to enter before deciding on selling this pair after a certain level broke.
Let see what happen next.
Proposed long GBPNZDAfter establishing a double bottom at 1.92 and then a double top around 1.98, this pair is staring to develop some momentum to the up side. Not the cleanest of charts, but for the most part, the pair is respecting support/resistance areas. I am looking for a pull back to the 1.975 area to take a long. EURNZD also looks similar but the next resistance is closer, so prefer this one.
I would love get your thoughts on this.
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GBPNZD Long - Inverted H&S as well as Cup & Handle formationLast week GBPNZD closed above 1.97 neckline of an inverted Head & Shoulder as well as Cup & handle formation.(Watch the weekly close).
Price is very bullish on both monthly & weekly.
Initiated a long at 1.9725 and SL below 1.96. Will add to the position. See the updated 4 hourly Chart below.
Measured target profit is 2.1 (YES, you read is correct and its over 1000 pips).
However, strong resistance at 2.038 and worth taking some profit there.
Good luck.
GBP/NZD Potential Upward Movement 🚀 Technical Analysis:
The price left a double bottom which indicates a reversal, the market moved to the upside in an aggressive way. It managed to break the daily resistance (now support). A lower correction might be seen to the highlighted zone before another rally.
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Trade Idea:
Buy Limit Order @ 1.9682
Take Profit @ 1.9755
Stop Loss @ 1.9646
Trade Safely 🙂
GBPNZD approaching ascending trendline! Potential for a bounce!Price is facing bullish pressure as it continues to hold above the ascending trendline and Ichimoku cloud support, in line with our bullish bias. We could potentially see a bounce at 1st support, which is in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support, and further upside towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.