Gbpnzdlong
GBPNZD: The price is REACHING an Important RESISTANCE LEVELHi 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 :
Let's start with the weekly perspective, since the end of March 2020, the price has been following a strong downtrend, moving the market inside a clear falling wedge pattern.
The 7th of December the price reached an important historical trendline, getting a clear rejection.
In the daily perspective the price has been moving with a strong downtrend, got a rejection on the level at about 1.85189 and today it's just reached the dynamic weekly falling wedge's resistance.
In the h4 perspective, since December the price has been moving following the secondary trendline, in fact we can properly see many rejections on this dynamic level, though it got a temporary breakout on the 5th of January.
The price is actually reaching the historical dynamic resistance and also an important strong S/R zone.
The next price action around this area will be essential to understand the next market movement.
🔴 Conclusion : ❌
Once the price got its last rejection on the main trendline, it's not been able to retest the same level, that could be an interesting sign of weakness.
I'm confident to see the price to break the weekly pattern and continue its uptrend after eventually a period of consolidation.
My long target is the next resistance level at about 1.93218 but I don't suggest to open any position right now!
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly ,
Gianni
GBPNZD TL RETESTAs we can see near resistence level MARKET is making a divergence for bearish movement.
If market confirm its Divergence then we fill find a short term bearish movement in this PAIR.
after this we will fine a reversal move for bullish trend near its support and TL
GBPNZD (REACT DONT PREDICT)GBPNZD has already tested the strong level of support form the weekly perspective so we anticipate price to shoot up, now going down on the h4 time frame we can see a break of structure for potential upside movement ( BUYING AFTER RETEST) But before that GBPNZD has also give us a sell setup because it is on the Trendline RESISTANCE Let's eat the pips
GBP/NZD LONG I can see that the price has broken the green trend line forming a reversal and heading in an uptrend.
After the reversal the price creates a new ascending channel respecting the purple trend lines as we can see that the price has interacted with the trend line by golden ellipses.
In the 4 hourly time frame i can see a double bottom pattern forming indicating that the price would increase, potentially breaking the resistance that it has tested twice so far whilst respecting the uptrend.
I expect the price to increase until the intersection between the black and pink trend line that has been drawn a while ago
📢GBP/NZD Long opportunity intraday setup 😎This pair has broken trend with an impulsive move higher, waiting on a pull back to jump in, I have another 6 pairs on the watchlist all in a similar situation 😎👍
GBPNZD ( LET'S KILL THE BROKERS)GBPNZD LOOKING FOR BUYING BECAUSE THE MARKET HAS REJECTED THE SUPPORT
GBPNZD Opportunities ( I WISH YOU COULD ALL KNOW THIS) GBPNZD will go bullish after a retest, So here we have 2 opportunities which are SELLING and BUYING however it is always a good idea to catch overall market direction opportunities, Generally we will take buys because the market has already tested the support and it is looking forward to test the resistance
GBPNZD - BUY- 28. DEC. 2020Daily Market Trade Ideas Based On Technical Analyzes 📊
⚙️ NEW SETUP GBPNZD
📈 BUY price 1.89578
✔️ TAKE PROFIT price 1.91301
🛑 STOP LOSS price 1.89032
⬇️ Leave comment in comment section bellow
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gbpnzd longLooking for the market structure to continue going overall long once it breaks out the last zone.
Prepare for a pullback on lower time frames, but overall long until it starts to develop a new LH
GBPNZD ANALYSISGBPNZD ANALYSIS
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Idea is not the financial advice!
GBPNZD - SWING - 21. DECE. 2020Welcome to our weekly trade setup ( GBPNZD )!
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1 HOUR
Bullish closure above main sr level.
4 HOUR
Sideways market structure, about to rise!
DAILY
Overall bullish market about to push up.
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FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.88830
SL @ 1.87720
TP @ 1.90540
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPNZD uptrend setupprice direction: UPTREND
potential target price: 1.9086
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
GBPNZD – Change to bullish phase to happen soon ?GBPNZD sit at the bottom of HTF Falling Wedge pattern right now and it got a little rejected.
I’m expecting this little rejection to continue for a while before forming a bullish continuation pattern. A break from this bullish continuation pattern will be enough to confirm the upcoming bullish move and will trigger my buy entry.
Lets see how will this pair develop. Good Luck..
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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GBP/NZD Technical Analysis
The counter has broken down a head and shoulder pattern.
The pattern is right inclined which portrays extreme negativity in the counter.
Hence, we expect the pair to be bearish in the short-term.
