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British Pound / New Zealand Dollar

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GBPNZD trade ideas

GBPNZD H2 XABCD advanced buy/hold trade setup🔸Hello traders, let's review the 2 hour chart for GBPNZD. Speculative XABCD in progress, with PRZ/D set at 2.1100, so expecting more losses in GBPNZD before reversal from PRZ/D 🔸XABCD structure is defined by point X at 1155, point A at 1330, point B at 1200, point C at 1360, point D/PRZ at 1100, currently most points validated, point D/PRZ still pending, so traders should wait until we hit D before buying. 🔸Recommended strategy for GBPNZD traders: wait for pullback/correction to complete at point D near 1100, buy/hold, SL 80 pips, TP1 +175 pips TP2 +250 pips. BUY/HOLD at point D/PRZ at 1100. swing trade setup. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Long
by ProjectSyndicate
10
GBPNZD Will Go Higher From Support! Long! Please, check our technical outlook for GBPNZD. Time Frame: 30m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2.138. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.142 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPNZD Long PositionSince August, price has been consolidating around a significant resistance zone, testing it five times without breaking through. On the sixth attempt, we finally saw a decisive breakout, signaling strong bullish momentum. Currently, price has pulled back to retest that broken resistance, which now aligns perfectly with the 61.8% Fibonacci retracement level a key area for continuation in trending markets. Additionally, price has respected a rising support trendline while simultaneously retesting a broken resistance trendline from below, giving further confluence to this area as a solid demand zone. What strengthens the bullish case even more is the clear formation of an inverted head and shoulders pattern, with the neckline already broken and now being retested. This is a classic reversal signal, and the fact that the retest coincides with multiple technical factors gives us a high level of confidence in a potential bullish continuation.
Long
by Juniorndini
GBP/NZD – Bearish Reversal Opportunity?In this analysis of GBP/NZD, the chart highlights the formation of a Harmonic Bat pattern, with price recently reaching point D and showing rejection at a significant resistance zone. This is a classic reversal setup, suggesting a potential bearish move, especially as the TDGMA indicator signals overbought conditions. 1.Short Position from Point D (Bearish Reversal) Rationale: The Bat pattern at point D offers a high probability for a bearish reversal, especially with confirmation from reversal candlestick patterns or bearish divergences in indicators. Price has already shown signs of rejection, reinforcing the short setup. Entry: Sell after confirmation, around the 2.140 zone. Take Profit (TP): 2.1177 Stop Loss (SL): 2.151 2.Sell After Retest of Resistance (2.1500) Rationale: If price moves back to retest the 2.1500 level after an initial decline, it could offer a controlled-risk selling opportunity. This level may act as resistance and trigger renewed selling pressure. Entry: Sell on retest of resistance at 2.1500 with weakness signals (e.g., reversal candlestick). Take Profit (TP): 2.1177 Stop Loss (SL): 2.16 The Bat pattern indicates a strong likelihood of bearish reversal at point D, making the short strategy a high-probability setup. While selling on retests could also be explored, it presents a slightly lower chance of success but still offers a potential opportunity. As always, keep an eye on lower timeframes for price action confirmation before entering.
Short
by MrVNpt