FOREXCOM:GBPNZD - This GBPNZD 4hr Setup idea - React from 4hr zone - expecting 500 pips fall - rejection with Big candle
GBPNZD -LONG setup. GBPNZD reaches the perfect DAILY support. Most probably next 2 weeks, this currency pair will be in an uptrend for the next two weeks!
Gbpnzd in sell direction - broke the support level try to get 200 pips
GBPUSD DAY CHART ANALYSIS :- GBPUSD break the trand line in 1DAY time frame. if you take entry in gbpusd then yours SL is FOREXCOM:GBPNZD THANKYOU
By following the trend here, we can get good profit by shorting GBPNZD .
Hello Traders, Here is the Top-Down Analysis of GBPNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Market is moving in a rising channel. Price reached support of channel coinciding with monthly support, faced rejection and started upward move creating a double bottom. W > Price pulled up till 0.618 Fib level on last...
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.
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...