Gbpnzdsell
SELL GBPNZD from resistance in Today’s EU Forex Trading Resistance 1 - 2.00032
Resistance 2 - 2.01822 - 2.03225
Take Profit - 1.3994
Stop Loss - 2.05528
AUD and NZD are notably stronger to start the week as the overall positive risk tone and overnight Chinese data supports the antipodeans.
China's Caixin Manufacturing PMI for November improved to 51.8 versus consensus of 51.4 and a prior of 51.7. Alongside the positive data, Asia-Pacific indices are positive across the board with the Nikkei up 1.01%, the is up 0.89%, while the Hang Seng, CSI 300 and ASX 200 are up 0.45%, 0.19% and 0.24% respectively.
Elsewhere, GBP is weaker across the board following further mixed results from weekend polls with many continuing to signal a narrowing in the Conservative's lead.
The YouGov/Sunday Times poll saw the Conservative lead narrow to 9 points from 11 points while the Survation/Good Morning Britain poll narrowed to 9 points from 10 points, the Observer poll saw the Conservative lead narrow to 15 points from 19 points and the BMG poll saw the lead narrow to just 6 points compared to 13 points prior.
With antipodeans supported by overnight Chinese data and a more positive risk tone, and GBP pressured by the further narrowing in December 12th opinion polls, GBPAUD and GBPNZD hold a bearish bias for today's session Major FX option expiries for today's NY cut.
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 2.00168 where it could potentially react off and up to 1st resistance at 2.01154.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD NEXT POSSIBILITY MOVE.In the name of Allah, the Most Gracious, the Most Merciful.
GBPNZD has just formed a flag pattern in daily time frame there is more chances to move market
upside so in 4 Hrs Time frame are just Analysis the falling wedge pattern there is more probability
to move the market as per explain on the chart.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.99376 where it could potentially react off and up to 1st resistance at 2.01667.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD 15MHello traders!
This is a Tag&Go setup short, a sell stop order,
set and forget style is right on the red line at
2.01241
The red circle is the stop and 1st and 2nd
targets are in green below.
There are two versions of this pair, one for the long side
which is already posted and one to the short side.
Best,
Jay