Gbpnzd sells with the growing strenght fronew zealand dollari took the shorts after observing a shallow pullback from the last push downwards the trend favours the seller and the rubber band man has completely given up so clear skies
GBPNZD trade ideas
GBPNZD: Bearish Move May ContinueThe GBPNZD broke through and closed below a short-term horizontal support level, which has now become a resistance level.
Given that the pair is currently in a downward trend, it is likely that we will see further bearish movement towards lower levels of support.
Selling targets are set at 2.0799 and 2.0706.
Buy GBPNZD 20/03/2024Good morning traders.
The NZD dollar weakness in continuing. I enter long position at market prices.
SL: 2.0895
TP: 2.1287
GBPNZD LONG IDEAGood Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up.
Long now for a good 1 to 2 RR.
so far we are at -6R(March)
JAN (6R)
FEB (1R)
BUY GBPNZD for uptrend continuation BUY GBPNZD for uptrend continuation
STOP LOSS : 2.0801
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
GBPNZD TA: Trading ReboundsHey Traders,
Alike to GBPAUD we have seen a recent uptick in price.
This brings you to local PA zones that need care.
Watch for more.
GOOD LEVEL FOR LONG we expect the price gone down with correction to reach our setup
the accumulation setup following the trend
as shown on the chart the level is very important for long just
follow my instructions for mange the trade
price move 20 pips in profit breakeven
price hit the sl 40 pips than reversal setup
target is 100 pips
gbpnzd long or short here we have two scenarios. for the bear we have 4h supply in control, should the market retrace into the entry area. for short term shorts we could consider. on the other hand we have a weekly daily 4h nested demand. also a weekly wow.
if the market activated shorts first without entering the great area. I would take the trade. however should the long enter first I will ignore the short
GBPNZD ShortMARKET PHASE
OANDA:GBPNZD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price then started it's initial move down and actually sustained selling pressure for some time. Due to the velocity of the downward move, priced gapped around 2.09800. During this morning, price hit 2.09800, and began selling off, supporting our thesis. Our sell limit order was filled and we are now in a short with the following parameters:
TRADE
Sell Limit: 2.09800
Stop Loss: 2.10100
Take Profit: 2.09200
GBPNZD - 4hrs ( Sell After Retest 2.1000 Area / TP 200 PIP ) Pair Name : GBP/NZD
1 DAY RELATIVE PERFORMANCE
GBP 0.06% / NZD 0.54%
Time Frame : 4hrs
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🔗 Key Technical / Direction ( Short After Retest )
Type : Mid Term Swing
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💲Why We Enter'd This Trade
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We've got an internal channel that's been busted at 2.1000.
That's why.
We have a line of direction broken at 2.1000, too.
And if you look at the left side, we'll find that the 2.1000 area is a high liquidity area that's also broken.
And at 2.1000: 2.15000 is 0.618:0.50 Fibo, which is also the area of change of character.
And so the best price for entry is at 2.0950 :2.10000 to ensure that the deal is activated.
And our target will be 2.0800, which is the area of exchange of roles and range of FIBO 1.618% and also the area of change of character.
GBPNZD I Correction almost completed and more potential growthWelcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
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GBPNZD - Long So I have seen this lovely little trade on this pair. We have an Inverted Heads & Shoulders pattern which we have broken the neckline and are close to re-testing. Upon touching the neckline I will wait for an entry candle (Bullish Engulfing, Bullish Pin bar, or a 3 candle reversal). I have extended my TP to meet the -0.272 on the Fib in line with the fib strategy I use.
However It's worth noting that for the pattern completion on the IH&S there is no recent price action which adds a little more risk to this trade. So I will review this when we reach the last high at 2.15866. Using the Fib strategy does mitigate some of this risk however still worth remembering.
b2bTrend trading is a trading style that attempts to capture gains through the analysis of an asset's momentum in a particular direction. When the price is moving in one overall direction, such as up or down, that is called a trend.
Trend traders enter into a long position when a security is trending upward. An uptrend is characterized by higher swing lows and higher swing highs. Likewise, trend traders may opt to enter a short position when an asset is trending lower. A downtrend is characterized by lower swing lows and lower swing highs.
KEY TAKEAWAYS
Trend trading is designed to take advantage of uptrends, where the price tends to make new highs, or downtrends, where the price tends to make new lows.
An uptrend is a series of higher swing highs and higher swing lows. A downtrend is a series of lower swing highs and lower swing lows.
In addition to looking at swing highs and lows, trend traders utilize other tools such as trendlines, moving averages, and technical indicators to help identify the trend direction and potentially provide trade signals.
Understanding Trend Trading
Trend trading strategies assume that a security will continue to move in the same direction as it is currently trending. Such strategies often contain a take-profit or stop-loss provision in order to lock in a profit or avoid big losses if a trend reversal occurs. Trend trading is used by short-, intermediate-, and long-term traders.
Traders use both price action and other technical tools to determine the trend direction and when it may be shifting.
Price action traders look at the price movements on a chart. For an uptrend, they want to see the price move above recent highs, and when the price drops it should stay above prior swing lows. This shows that even though the price is oscillating up and down, the overall trajectory is up.
The same concept is applied to downtrends, with traders watching to see if the price makes overall lower lows and lower highs. When that is no longer happening, the downtrend is in question or over, and the trend trader will no longer be interested in holding a short position.
Trend Trading Strategies
There are many different trend trading strategies, each using a variety of indicators and price action methods. For all strategies, a stop loss should be used to manage risk. For an uptrend, a stop loss is placed below a swing low that occurred prior to entry, or below another support level. For a downtrend and a short position, a stop loss is often placed just above a prior swing high or above another resistance level.
Oftentimes, traders use a combination of these strategies when looking for trend trading opportunities. A trader might look for a breakout through a resistance level to indicate a move higher may be starting, but only enter into a trade if the price is trading above a specific moving average.
Moving Averages
These strategies involve entering a long position when a short-term moving average crosses above a longer-term moving average, or entering a short position when a short-term moving average crosses below a longer-term moving average. Alternatively, some traders may watch for when the price crosses above a moving average to signal a long position, or when the price crosses below the average to signal a short position.
Typically, moving average strategies are combined with some other form of technical analysis to filter out the signals. This may include looking at price action to determine the trend since moving averages provide very poor signals when no trend is present; the price just whipsaws back and forth across the moving average.
Moving averages are also used for analysis. When the price is above a moving average, it helps to indicate that an uptrend may be present. When the price is below the moving average, it helps to indicate that a downtrend may be present.
Momentum Indicators
There are many momentum indicators and strategies. In regards to trend trading, an example might include looking for an uptrend and then using the relative strength index (RSI) to signal entries and exits.
For example, a trader may wait for the RSI to drop below 30 and then rise above it. This could signal a long position, assuming the overall uptrend remains intact. The indicator is showing that the price pulled back but is now starting to rise again in alignment with the overall uptrend.
The trader could potentially exit when the RSI rises above 70 or 80 and then falls back below the selected level.
Trendlines & Chart Patterns
A trendline is a line drawn along swing lows in an uptrend or along swing highs in a downtrend. It shows a possible area where the price may pull back in the future.
Some traders also opt to buy during an uptrend when the price pulls back and then bounces higher off of a rising trendline, a strategy of buying the dip. Similarly, some traders elect to short during a downtrend when the price rises to and then falls away from a declining trendline.
Trend traders will also watch for chart patterns, such as flags or triangles, which indicate the potential continuation of a trend. For example, if the price is rising aggressively and then forms a flag or triangle, a trend trader will watch for the price to break out of the pattern to signal a continuation of the uptrend.
Trend Trading Chart Example
The following Alibaba Group chart shows several examples of how trends can be analyzed, as well as some examples of potential trades using chart patterns and the trend.
Image
Image by Sabrina Jiang © Investopedia 2021
The price starts out in a downtrend, before rising through the descending trendline and above the moving average. This doesn't mean the trend is up, though. Trend traders will typically wait for the price to also make a higher swing high and a higher swing low before considering the trend up.
The price continues to move higher, confirming the new uptrend. It then pulls back and starts to rise again, forming the first chart pattern. The price breaks higher out of the chart pattern, signaling a potential long position.
The uptrend continues aggressively, forming two additional chart patterns along the way. These both offered opportunities to enter a long position or add to an existing one (called pyramiding).
The price continues to rise, but then starts giving warning signs. The price drops below the moving average for the first time in a long while. It also creates a lower swing low and breaks through a short-term rising trendline.
The price makes a new high after that, but then drops below the moving average again. This is not strong uptrend behavior, and trend traders would typically avoid going long during conditions like this. They would also be looking to exit any remaining longs they may have.
The chart shows that the price continues to oscillate around the moving average, with no clear trend direction. Finally, the price slides into a downtrend. Trend traders would be out of longs and avoiding new ones, and possibly looking for spots to enter short positions.
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GBPNZD Long IdeaWill be looking for Long opportunities if the market taps the bullish zone. Based on just technicals.
GBPNZD LONGAs you can see price is establishing a corrective phase whereby i expect to drop until the liquidity area just below 1.08000. I will wait for price rejection there and clear buy confirmation. My overall bias is to the upside but for now lets watch the short term sell playout. Have in mind that GN structure is bullish
GBPNZD - SHORTGBPNZD breakout of a very tight correction/flag after breakingout of an ascending channel.
GBPNZD Dip buy opportunity on the 1D MA50.The GBPNZD pair gave us a strong buy signal last time we called on it (January 05 2024, see chart below) and even broke above the former Channel Down pattern:
The trend transitioned into an Inverse Head and Shoulders (IH&S) and recently broke above its top. It has formed the first 1D Golden Cross in 1 year (since March 27 2023), so on the long-term we have confirmed a new bullish trend.
Right now we are looking for a short pull-back towards the 1D MA50 (blue trend-line) followed by an aggressive expansion towards the 2.0 Fibonacci extension, which is the typical target of the IH&S. Our target is lower on Resistance 1 at 2.15900.
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I'm SELLING GBPNZD AGAIN !!!Try adding to your winning positions. Close your losing Positions As SOON As You CAN!!!
Could GBPNZD reverse from here?The price is rising towards an overlapping resistance level, which aligns with the 50% Fibonacci retracement, and could reverse from this level to our take-profit target.
Entry: 2.10588
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement
Stop loss: 2.11738
Why we like it:
There is a pullback resistance level
Take profit: 2.09467
Why we like it:
There is a pullback support level
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GBP/NZD LongPrice broke above the Resistance which is now acting as Support I expect a double bottom being form at support and wick rejection
