Sell at market price but if price pulls back to our (2) point then that will be the most ideal entry to then sell GN TP 1 is at 1.9875 TP 2 is at 1.98247 Move stop loss to break even after 20 pips in profit
The cycle in wave (W) ended at 2.0566 where the 4 hour is turning down. While below the 1.9839 highs where the hourly is turning down the pair can continue lower again to correct the cycle up from the 12/12/2018 lows.
Price bounced back from that 200 ema and found some bottom @1.982XX creating some bullish divergence as we can see on the TDI. If the price gets to break the 200 ema instead of bounce again, we can expect te price to keep moving up 800ema is a good point to go BE ADR maxed out and the TL are good exit points Remember this advice will be useful for you if you are a...
everyone looking to short the pound so buy orders racking up and Boris Johnson won the poll..fingers crossed
gbpnzd in a channel long from hare according to day candle next 3or 4 will green , than it will follow big trand
The pair has formed an inverted head and shoulder patttern on daily basis. The prices are at the bottom of the second shoulder and is supported by 21 days EMA. Buy the pair as soon as the prices sustain above the necline at 1.93541 i.e. a daily closing above this level. The price may hover between the height of the second shoulder which is a good sign before a...
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...
Trading suggestion: . There is a possibility of temporary retracement to resistance line (1.9635). 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 downtrend is expected. . Price is below WEMA21, if price rises more, this line can act as 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 +
GBP NZD - Daily Chart - After seeing a good downtrend, looks like the pair is trying to reverse. Inverted H&S is still in process. Pattern will be confirmed only on breakout. But seeing at the Chart Structure, looks like it will. Patience is the key here. Now as pattern is identified, we will have to wait for breakout before initiating the long trade. Further,...
We'll be longing on this pair till next weekly resistance level as it has beautifully retested the Consolidation box. Looks Solid till next Resistance. If you find this technical Useful then like and comment ;)
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...