gbpnzd in a channel long from hare according to day candle next 3or 4 will green , than it will follow big trand
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.8571). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
We are long on the GBP NZD and have been 500 pips ago as long as our lower trendline holds we will maintain a long position A break of 19550 will open the door to 2.000 +
As we can see price has been in a very good and strong Downtrend for a while and then it started retracing, my bias and Technical Analysis says that the retracement is complete or it is about to be completed. but If retracement is completed then this time is good oppertunity to sell. TRADE WITH PROPER STOP LOSS BASED ON THE MARKET STRUCTURE!! GOOD LUCK!! TRADE SAFE
Midterm forecast: While the price is below the resistance 1.9965, beginning of downtrend is expected. We make sure when the support at 1.9350 breaks. If the resistance at 1.9965 is broken, the short-term forecast -beginning of downtrend- will be invalid. Price may also reach 1.9350, if price reaches this level, we may enter by Daily-Trading-Opportunities, this...
From the chart, the price is now at the crossroads, it's also a prefect example for technical analysis . It has already formed a bearlish bat from 2016.07-2016.05, and successfully reached the target price; Now, the D-point is converted to X point and form a bearlish bat again with the potential reversal zone made by 2.24BC and 0.886 XA. There is also a...