testimony speech and GBPNZDI see a strong rebound around this support and because of the testimony speech of Bailey.
Take profit : 2.00500
stoploss: 1.99600
what do you think ?
comment and like
Gbpnzdlong
GBPNZD: LongIDENTIFY: Price is in the buyer's territory and we getting ready to test previous support.
PLAN: So looking at going long, because of the daily bias of the accending channel
TRADE: Place Buy Stop order, anticipating a continuation to the upside.
NB: Use risk management to determine the Stop Loss and Take Profit.
LONG AGAIN @2.007 #GBP/NZDABOUT TO FORM A BOTTOM DIVERGENCE AGAIN
GOOD CHANCE TO LONG WITH SMALL SL PIPS
POTENTIAL SHORT AFTER PULLBACK ON GBPNZD Price has fast approached our marked level of support. This set up is showing the potential to retrace at least 50% of the bearish move before advancing lower. Entry, stop loss and take profit have been marked.
Do not risk more than 2% on this date.
FURTHER POTENTIAL SELLING ON GBPNZDAs marked up previously this pair is showing selling potential. I have re-adjusted to current price action. GBPNZD Currently is at a point of Resistance where we could potentially see price move bearish to meet our target levels.
Entry, take profit level and stop loss has been marked, Do not risk more then 2% on this trade.
GBPNZD CLEAR BEARISH CONTINUATIONit clear forming LH LL
MONDAY, 18th May 2020
#GBPNZD SELL
ENTRY = NOW 2.03200
SL = 2.04200 (-100 PIPS)
TP = 1.98100 (+500 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
GBPNZD- TAKING FLIGHTPaperboiFX just gave us a buy gignal for gbpnzd
rsi is looking up
stochastic looking up
macd has crossed over and is going momentum
stop loss at previous swing low
take profit at 1:2 below previous swing high
GBPNZD 15, fairytale or ugly duckling?I have been developing my system since I learnt to trade in 2016. I'm finally confident enough to trade with real money. this is my first non-paper trade on this system. godspeed
we received a buy signal and started to build a case for entry:
stochastic was gaining momentum and wasn't overbought/sold.
we cleared minor resistance and it became support.
Price action: we had a healthy bullish engulfing candle to confirm the buy signal
stop-loss set at previous swing low, take profit set at 1:1,2
GBPNZD SELLMONDAY, 4th May 2020
#GBPNZD SELL
ENTRY = NOW at 2.06600
SL = 2.07300 (-70 PIPS)
TP = 2.03000 (+350 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
GBPNZD IS FORMED CHANNEL BREAKOUT AND RETESTING NOWGBPNZD IS FORMED CHANNEL BREAKOUT AND RETESTING NOW, PREPARE FOR LONG OPPORTUNITY.
GBPNZD LONGAs you can see, price has created a channel on the 4H timeframe within a daily/weekly rising wedge.
AWAIT BREAKOUT of the channel then a retests followed by an bullish engulfing candle to go long - I expect this to re-test the top of the rising wedge which would test the last high + corresponds with the 0.5 weekly fib region.
Get LONG on GBPNZD - good BUY opportunityI've just gone LONG GBP/NZD. Price has returned to WS1 and found support and looks primed for a move north. I'm in at 2.0418 with a STOP under the swing low at 2.0354 which is under WS1. Looks a good thing this with my Disciplindicator confirming with 2 stars.
GBPNZD trade updateHi everyone and welcome back to my GBPNZD trade update.
In this video I go over the positions we took on the market, the results of our areas of interest, as well as providing you areas in the market to pay attention too and what exactly it is I am seeing to give me this bias!
If you enjoy the content give it a like, follow me for more trade ideas and if you agree or disagree with the set up let me know in the comments below!
In total we achieved close to 400 pips from my analysis breakdown
Have a great day!
And if you want more educational content please follow my instagram @jamessforex :)
GBPNZD Long Idea (Intraday Trading)- Reaching Strong Daily Support
- 61.8 Fib 1st TP
- 4th Touch on Trend Usually a Break - Leaving Potential for 2nd TP (Daily Resistance)
- Good Risk to Reward
Leave your ideas on this why you agree or disagree?
GBPNZD - Something to LOOK FORWARD. Possible 1:5 Risk and RewardOANDA:GBPNZD
This might give us a long term UP TREND continuation - based on the current setup. The overall direction of the price if we based it on the monthly TF is going down, but it may still take some time to reach the monthly resistance line, therefore giving us the possibility to take advantage and profit on BUY positions (Weekly and Daily TF is giving us a strong uptrend confirmation). Since this is GBP pair, much better if we only risk .5% of our capital. Much better if we only put our TP below the previous swing high to lessen the risk and to give us higher probability of securing our profit. Basing on the Stop Loss level and entry point, we might loss around 160-200pips therefore this is not recommended for retail traders with low capital.
The legend are as follows:
Blue Line - Monthly Resistance
Orange Line - Weekly Resistance/Support
Yellow Line - Daily Resistance/Support
What do you think of this? Feel free to share your thoughts so everyone might benefit as well. :)
