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Gbpnzdsell

GBPNZD - FOREX - 12. JUNE. 2019DACAPITALTRADING V2.0: WELCOME TO DACAPITAL TRADING, WE PROVIDE ANY KIND OF TECHNICAL AND FUNDAMENTAL ANALYSIS FOR FOREX AND CRYPTO-CURRENCY MARKETS EVERY DAY! - 1 HOUR Strong bullish open and price action this week. 4 HOUR Emotions too high and people try to jump on the train, good short opportunities. DAILY Overall bearish market with a small pullback now! FOREX SETUP SELL GBPNZD ENTRY @ 1.93870 SL @ 1.94840 (100 Pips) TP @ 1.92190 (165 Pips) RR: 1.70 Use half of normal Risk (0.5% per Position) (Remember to add a few pips to all levels - different Brokers!) LEAVE US A LIKE AND COMMENT TO KEEP OUR CONTENT FOR FREE AND EVERYONE! HAVE A GREAT WEEK ALAN
Short
by DACapitalTrading
18
ELLIOT WAVE: GBPNZD BEARS READY TO RESUMES A LONG-TERM DECLINEHi Traders, The GBPNZD daily chart above revealed that the sell-off from the high at 2.0476 to the low at 1.8132 was an Elliot wave impulse structure, labelled 1-2-3-4-5. According to the theory, a three-wave correction in the opposite direction follows every impulse. . The retracement after the impulse unfolded as a W-X-Y double three corrective structure with a simple zigzag in wave W & X, and double zigzag in wave Y. If this count is correct, the 5-3 wave cycle seems complete. The theory states that we can now expect the larger trend to resume in the direction of the impulsive sequence. . Besides, wave (2) has already entered 78.6% Fibonacci levels, where second waves often terminate. Wave Y also equal wave W at the same level, typical relationship for a double zigzag. And last but not least, there is also a bearish rejection candle at the key resistance level. . Wave (3) decline should easily move the prices below the low of wave (1) in the months ahead. A break below the blue ascending trendline will further confirm the bearish idea. . Thanks for reading! Veejahbee.
Short
by Veejahbee
Kiwi Fighting Back? - Ichimoku GBP/NZD Sell SetupThe Kiwi finally started showing some bite last week as this pair dropped down and through the kumo. I am looking to see if that trend will now continue. I would like to see a re-test of the kumo and a good rejection to enter a sell. If we can get that drawback and sell entry then we still have some good price structure to aim for down below. If we fail to get a drawback for a good entry, we could alternatively enter below the recent price structure lows should we piece that level as well. If we fail to fulfill either of those scenarios, this setup may become invalidated.
Short
by The808Trader