GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.94563 where it could potentially react off and up to 1st resistance at 1.96961.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Gbpnzdsell
GBPNZD #Forex #ForexTrader #ForexTrading #ForexChartAlthough on a larger scale GBPNZD is technically in an uptrend its at a nice daily supply zone @ 2.0000
I will be looking for shorting opportunities on the lower time frames
Any questions feel free to drop a comment or a message be happy to help
#PipGainFX
Analysis on GBPNZD 16.09.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.9620
• Take Profit Level: 1.9750 (130 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.9400
• Take Profit Level: 1.9350 (50 pips)
USDJPY
A possible long position at the breakout of the level 108.25
EURUSD
A possible long position at the breakout of the level 1.1110
USDCHF
A possible long position at the breakout of the level 0.9900
GBPUSD
A possible long position at the breakout of the level 1.2505
SELL GBP/NZD ON 30MAnticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, all requirements for a valid K2 Trading Strategy entry are present providing additional confirmation for my idea
--GET ACCESS TO THE K2 TRADING STRATEGY BELOW--
k2-trades.teachable.com
GBPNZD Symmetrical triangle"In the name of Allah, the Most Gracious, the Most Merciful"
GBPNZD Symmetrical triangle
This Trade is Only for Risk taker.
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan.