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Gbpnzdlong

GBPNZD approaching first support, potential for a bounce! Price is approaching our 1st support, in line with our 61.8% Fibonacci retracement, 100%, 61.8% Fibonacci extension and horizontal pullback support. We could potentially see a bounce and further upside towards our 1st resistance at 1.94184, in line with our 50% Fibonacci extension and horizontal swing high resistance. Price is also holding above the Ichimoku cloud, showing bullish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
1
GBPNZD, daily tf, 10-months descending trendline breakout (2)Hello my friends, I posted about this position at February 9th when i took buy positions. Price now reaching an area of conflunce resistance consisting of horizontal resistance and EMA-200. I've decided to closed my buy here first and booked +280 pips profit. I will be looking to reenter buy again later if price managed to close above 1.9330 on a daily candle. My GBPAUD also now floating +100 pips and i am still holding. I am planning to take profit once price reached 1.80xx area. IF you took both trades with me, you should be in profit as well
Long
by HayatoDragonFX
1
GBP/NZD Breaking OutThis now looks to be breaking above resistance. I said this was happening a couple of days ago but I jumped the gun slightly, hopefully if you opened the trade then you are still in. Now want to see this stabilise above resistance and possibly retrace to test it as support. If you are not in this trade then I suggest waiting for a retrace to support before longing. Could see some resistance at 1.93237, but target is 1.98013 Providing we see this close above resistance and support holding on a retrace then SL can be around 1.90600
Long
by olly48
1
GBPNZD, daily tf, 10-months descending trendline breakoutHello my friends, Another pair to trade for today is GBPNZD. You can see price finally broken above the 10-months descending trend line which has acted as resistance. This could become the beginning for GBPNZD to begin it's journey to the upside. On the way up, i will look to add more position as price making a continuation pattern. Buy GBPNZD 1.9050 Stop loss 1.8850 Take profit 2.0270 (6.1R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1
GBPNZD: The price is getting a NEW BULLISH IMPULSE!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/NZD ⚪ Technical Analysis : Since the 13th of January 2021, the price has been moving with a clear side trend, bouncing up and down between the resistance level at about 1.92000 and the weekly support level at about 1.89100. It is currently re-testing the strong support level, that rejected the price many times in the past and the next price action around that area will be essential to understand the next market movement. 🔴 Conclusion : The price has just broken its ema 200, but still moving between its S/R zones, the price is overbought and in high volatility just around the support level at about 1.89100. I'm confident to see the price getting another bullish impulse and I'll be waiting for a clear rejection on the current level before planning the long position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
18
GBPNZD-- Lets Going Buy __ Don't Miss ThisDisclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
Long
by Rapid-Trading-LTD
2