GBPNZD - WATCH THE MEGAPHONE FOR A POTENTIAL DROPSymbol - GBPNZD
CMP - 2.2790
GBPNZD is currently forming a megaphone pattern and is trading near its upper boundary which is a resistance area. This pattern, characterized by increasing volatility and wider price swings, suggests potential reversal points in the market. A false break of resistance may occur before a potential price drop from the trendline resistance area.
On the daily chart, the overall structure appears ready for a bearish reversal, with market dynamics influenced by broader global factors, including the recent rebound in the US dollar. After a false breakout of the resistance, a correction is likely to take place. The price may test the imbalance zone or revisit the previously broken resistance before continuing its decline, following the capture of liquidity. The broader trend remains neutral for now, so it's crucial to focus on key local support levels as potential targets.
Resistance levels: 2.2815, 2.2850
Support levels: 2.2600, 2.2435
A retest of the upper range of the megaphone pattern or the area between 2.2815 and 2.2850 is possible. However, any movement of the price below the trendline resistance, accompanied by consolidation in the selling zone, could trigger further downside movement.
GBPNZD
GBPNZDHello traders! Welcome to another analysis. Today, we’re looking at GBPNZD. This week, we’ve seen some consolidation, followed by sellers stepping into the market and setting the tone. Right now, price is trading in the sell zone, making shorts valid if the 15-minute structure gets invalidated—meaning if price breaks the most recent 15-minute low. I’ve added some brief comments on the screen for you to check out. Let’s wait and see how price reacts.
Blessings, T
GBPNZD - Channel Boundaries in Play! What’s Next?The weekly chart of GBPNZD shows price action respecting an ascending channel structure. The pair has been moving within a well-defined ascending channel since early 2023.
GBPNZD weekly chart highlights price action within an ascending channel structure with key levels in play. Watch for bullish opportunities near the support zone at 2.1400–2.1800 or bearish continuation if price breaks below this zone. What’s your bias? Let me know in the comments! #GBPNZD #Forex #TechnicalAnalysis
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Forex trading involves significant risk of loss and may not be suitable for all investors.
GBPNZDThe price has created a new trading range on GBP/NZD and has broken the structure to the left. Now, I’ll be waiting for the price to approach the sell zone before looking for sell opportunities, targeting the daily buy zone. If the price drops before reaching the sell zone, I have a strong target from the daily buy zone, specifically the 4H supply. In both scenarios, there’s a good opportunity. For now, I’ll wait and observe.
GBPNZD - SHORT TRADE FOR HUGE PROFITSymbol - GBPNZD
GBPNZD is currently trading at 2.12280
I'm seeing a trading opportunity on sell side.
Shorting GBPNZD pair at CMP 2.12280
I will be adding more if 2.12600 comes & will hold with SL of 2.13000
Targets I'm expecting are 2.09200 - 2.08500
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
GBPNZD SHORT IDEA The dovish BOE
Sell on occasional retest with good confirmation
Note:
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SHORT GBPNZDGET READY FOR A GREAT SHORT . OKAY LET HAVE
THANK YOU GOD , BY YOUR GRACE our lives with incredible opportunities. It’s important that we are always ready so that we can hear God’s voice when He is calling us. We don’t miss these opportunities when they come to us. Start your day off with this prayer for opportunity:
Dear Lord, I pray today that I will yield my spirit completely to You, that You may use me as You please. I pray that You will provide me opportunities to show people how much You mean to me. Give me discretion to know what to say and how to say it. Make me bold enough that I may proclaim salvation cheerfully and joyfully. I pray that the seeds You allow me to plant will grow and mature. I am forever grateful for the cross; may I proclaim it in a contagious way today. Amen. THIS PRAYER IS A REAL KEY TO ACHEIVE YOUR DREAM