GBPNZD 3rd TL TEST As we can see upper trendline channel, resistence level etc. so we are expecting a reversal near resistence.
Gbpnzdsell
GBPNZD Short Trade IdeaHey traders, here is the analysis for the GBPNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Wave CorrectionGBPNZD WAVE CORRECTION
Market Sell Order Set Up.
Sell Entry: (1.89700)
Take-Profit: (1.87842)
Stop-Loss: (1.90932)
Max Risk-Reward: (1.51)
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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
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, 4hr tf, sell on retest of resistance levelMy second trading plan for the next week is GBPNZD pairs.
As you can see there is a gap which has not been filled for 2 weeks.
It's quite a big gap and i think it will be fulfilled sooner or later.
GBPNZD finally broken below the ascending trendline which supporting it since 15th December.
I am now waiting for price to retest that trendline before taking a sell position.
I would prefer if price also retest 1.9080-1.9100 resistance level before going down because this area could be a crucial supply and demand zone.
If price really touch 1.9080-1.9100 area and reverse to the downside, we could also see it as a potential shoulders head pattern.
A sell limit position will be placed at 1.9080 just in case i was not watching the pairs when price come to this area.
Sell limit GBPNZD 1.9080
Stop loss 1.9160
Take profit 1.8690 (4.8R)
RR Ratio 1 : 4.8
Use only 1-2% risk
Good luck
GBPNZD - SWING - 28. DECE. 2020Welcome to our weekly trade setup ( GBPNZD )!
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1 HOUR
Bearish price action and pressure.
4 HOUR
Overall turning market structure, expecting more downside.
DAILY
Good short entries, closure below main sr level.
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FOREX SWING
SELL GBPNZD
ENTRY LEVEL @ 1.90060
SL @ 1.91300
TP @ 1.88210
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- Selling againLooks like the price has hit resistance and about to drop again
The previous week this trade offered us 3 take profit levels and excellent profits, hope to repeat the success now.
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.
GBPNZD- Patience did pay offWhen we posted our GBPNZD ideas some of you came back to us with negative comments, some even stopped following us 😿
Well we did insist on posting it and it did happen and we had the guts, patience, psychology and risk management working for us in order to get to the profits.
Again, technical analysis never lies but you guys need to learn how to TRADE if you will ever be able to use any signals.
GBPNZD, you did what you had to do, thank you.
