GBPNZD trade ideas
GBPNZD 15M supply short Upon W sz being in control and the 10H supply created upon TL break and break of character,
There is a 15M supply zone left behind.
Thought of taking this short already in and working.
GBPNZD ShortPrice Action Trading.
Price in H4 & Daily TF is bearish. So price has retrace back into resistance level that have been tested a few times. Currently, Price have break through H1 Support and bullish trendline and close lower. Price now retesting the H1 support level. Taking the low.
Take short trade targeting a swing low of H4 time frame with R:R 1:6
GBPNZD LOWER TIME FRAME TRADE EXPLANATION GBPNZD LOWER TIME FRAME TRADE EXPLANATION
30 min sz trade
Hunting a 1/3 rr
BUT we have huge W dz way lower.
Depending on how the market reacts to this 30m supply, ratios might change to 1/4.5 or 1/10
GBPNZDUpdated LONG idea for GBPNZD on the theory markets ranges 70% of the time. 30m LTF seems to be holding the LTF TL for now. I normally take late positions if retracement is no more than 30% of previous 4h bearish leg.
GBPNZD - Support Changing to ResistanceGBPNZD has been in downtrend and now it has reached a key level which can be new Resistance zone while previously it was a Support Zone. If price breaks the Lower Low then the Resistance area will be confirmed.
GBPNZD ShortElite Strategy
Rules Based
Price came into daily structural liquidity
Transitional switch was confirmed on the 1 minute time frame.
Transitional switch was confirmed on the 3 minute time frame.
Transitional switch was confirmed on the 5 minute time frame.
Targeting lower liquidity pools
Executed on the 5 minute time frame
GBPNZDGBPNZD is showing bullish divergence and it break its Last LH which shows potential HH buy on CMP
For Shorts on GbpnzdHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
I am bearish on the pairs, more downside should be there.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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✅GBP_NZD POTENTIAL SHORT🔥
✅GBP_NZD is about to
Retest the broken rising
Support which is now a
Resistance so we are
Bearish biased on the pair
And so we will expecting
A further move down
SHORT🔥
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GBPNZD Will Go Lower From Resistance! Sell!
Here is our detailed technical review for GBPNZD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 2.079.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2.076 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPNZD A CLEAR FORCAST ON 1D TIME FRAMEAccording to the current market structure, My forecast based on market structure which will lead the market to uptrend direction.
GBP-NZD Broken Support Retest! Sell!
Hello,Traders!
GBP-NZD broke the rising
Support line and is now
Making a retest of the line
Which is now a resistance
And from where we will
Be expecting a local
Move down
Sell!
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Check out other forecasts below too!
GBPNZD: Will Start Falling! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPNZD chart which, if analyzed properly, clearly points in the downward direction.
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GBPNZD: 800+ Pips Possible Buying Opportunity!OANDA:GBPNZD
Price currently at the possible rebound area where we can expect price to reverse from, upcoming weeks expecting GBP to be bullish against NZD. However, first we will have to wait for price to reject and rebound strongly. Based on that you may take entry using accurate risk management. At least eying at 700-800 pips. Good Luck and Trade Safe.
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GBPNZDPossible move for GBP NZD for short term the gap needs to be filled there is a volume in that gap right now
gbpnzd buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPNZD SHORT TRADEI'm excited to share an insightful observation regarding my current trade position. Upon conducting a thorough analysis on the daily time frame, I've identified a bullish fair value gap, signaling a promising upward trajectory for our trade.
The bullish fair value gap suggests that the current market price is below its intrinsic value, indicating potential undervaluation. This presents us with a compelling opportunity to capitalize on the upward momentum as the market corrects itself.
Taking into consideration this bullish indicator, along with other relevant factors such as market sentiment and fundamental analysis. However, as always, it's essential to exercise prudent risk management and closely monitor market developments to maximize our chances of success.
Best regards, FX:GBPNZD
GBPNZD @ SELLING, Formed Double Top Pattern (READ CAPTIONS)📉🚀 GBPNZD Market Analysis: Preparing for a Potential Downtrend! 🎯💼
Forex Traders, here’s a critical update on GBPNZD:
OANDA:GBPNZD
🔄 Double Top Formation: GBPNZD has formed a double top chart pattern at the top of the current uptrend, indicating a possible reversal.
📉 Neckline Approach : The pair has reached the neckline of this pattern. A definitive breakdown below this level will activate our sell trades, signaling the start of a potential downtrend.
🔻 Channel Breakdown: GBPNZD has already broken down from an ascending channel, and the retracement of this breakdown is complete, further supporting the bearish outlook.
📊 Golden Crossover in Lower Timeframes: A golden crossover of the 200EMA and 50EMA in lower timeframes adds to the bearish sentiment, despite typically being a bullish signal, it reinforces the momentum change in this context.
🔊 Volume Increase on Selling Side: Increased volume on the selling side as the market approaches and tests the neckline underlines the strength of the potential downward move.
🎯 Technical Target: Once activated, our trades will aim for a technical target at 2.05300, providing a clear profit objective.
📈 Trading Strategy: Monitor the neckline closely for a breakdown confirmation before entering sell trades. Manage your trades with prudent risk strategies to safeguard against any unexpected market movements.
Stay alert to these developments and be ready to capitalize on the bearish momentum as GBPNZD potentially turns downward. Let’s aim for a well-positioned trade in response to these technical setups! 🌟📊 #GBPNZD #ForexUpdate #BearishTrend
GBP/NZD BULLISH BIAS RIGHT NOW| LONG
Hello,Friends!
We are going long on the GBP/NZD with the target of 2.109 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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