GBPNZD Bullish trade opportunitiesGBPNZD Bullish trade opportunities
its overall Bullish trend and its breakout the resistance line here is a good opportunity to buy the trade target mentioned in the chart
GBPNZD trade ideas
GBPNZD SHORT IDEA The dovish BOE
Sell on occasional retest with good confirmation
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GBPNZD Short IdeaI'm recently shorting GBPNZD with the regards to Hawkish RBNZ approach to market, technical view is that the double top formation and the price has already reached the high of local falling resistance, my target remains the lower support horizontal .line.
monthly to 15 mins using smart levelsSmart money refers to the capital that institutional investors, central banks, and other financial institutions or professionals control. Smart money is a collective force which has the ability to move markets. It is believed that smart money has a better chance of success than retail investors
GBPNZD 240GBPNZD is continuing downtrend on the 4 h chart. And create HEAD AND SHOULDER pattern and BEARISH FLAG. IT Broken the structure and so that It pair down trend continue. SL 200 pips, TP 490 pips.
Bullish view for the weekThere is clear support and good movement from the support. We can expect a bullish view for the next 1 week.
Gbpnzd long possible Gbpnzd buy now at price 1.94214
With a stoploss 1.93500 and target 1.96177
I am seeing a small reversal so i am updating u all so follow my prediction
part 2 on hunting gbpnzdits reached my discount area i was looking for earlier this week. looking to buy here
my long idea on gbpnzdthis is my idea on looking for a setup. ive been learning ict concepts and this is my take from that.
Gbpnzd short possible Gbpnzd sell now @ 1.97352
Stop loss 2.03386
Target1 1.93351
Target2 1.90517
Target3 1.87010
Target4 1.82183
Target5 1.81342
6 target given
Trade based on pure price action
GBPNZD Ready to Sell? R:R 1:8This is for Long Term.
And this is risky too.
Please DYOR before entering the trade.
BEARISH IDEA ON POUND KIWI DOLLARBearish forecast on Pound/Kiwi
Guys it has been a while, today we came out to you with our Bearish idea on GBPNZD.
Pound has been trading low since Jul 2006, where I noticed falling resistance above the troughs/swings, view on W1.
We have major resistance level daily, and weekly around 2.03166, and it has been tested on 17th Oct 2022.
It bounced to weekly low around 1.95756 and from there I noticed bullish engulfing pattern and double bottom formed at the resistance level of 1.95756.
I expect another retest to the major falling resistance line however if buyers find it easy can break the yearly resistance, but the fact we are trading in a long bearish range, I expect the bearish continuation if sellers manage to drag the price low of the resistance boundary at 1.95756.
If sellers manage to break below the current support Daily TM, then we'll initiate selling to previous support level around 1.88578.
I have detected bearish Harmonic Pattern with BAT setup at the same time, where the previous resistance reached the D which initiated from C&D Leg, with this I expect more selling run to reach at least 60% of D to C leg.
I spotted the raising wedge from the price with 4H TM, which has been broken earlier, if price has to retest the broken falling wedge then we'll have to wait more, and we can expect some bullish run for few hours and days despite the fact we expect bearish movement.
Gbpnzd long possible Gbpnzd buy @ 1.99528
Stop loss 1.98050
Target 2.03152
Trading idea based on pure price action and trend line support and breakout and trend reversel
Gbpnzd short possible New forex signals
Sell gbpnzd @ 1.97504
Stop loss 2.01439
Target 1.87104
Trade based on breakdown structure
GBPNZDStill looking for a Long on GN
Adding a layer of Long position from the retracement level. may price will shoot up without making a double bottom pattern.
Use proper risk management.
Thank you
GBPNZDAs we discussed in last analysis of GN, Price entered into the support zone and making double bottom on Support zone.
TP's: 1) 1.91705, 2) 1.93452, 3) 1.97309
SL: 1.86210
Use proper risk management.
Thank you
GBPNZDPossibility of making double bottom pattern in 4H chart.
double bottom is possible on strong support zone in daily chart.
use proper risk management.
Thank you
💡Don't miss the great buy opportunity in GBPNZD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.9307).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 1.9434
TP2= @ 1.9563
TP3= @ 1.9673
TP4= @ 1.9850
TP5= @ 2.0000
SL= Break below S2
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GBPNZD 5 minute GBP- NZD is in a consolidation zone right now . The chart is 5 minute timeframe. When it broke up or down, wait for the pullback using smoothed Heiken Ashi .
GBPNZD Long - Buy SetupGBPNZD -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 SHORT ON THE DAILYReasons for the trade:
1. BROKE OUT OF THE DAILY TRENDLINE ( market reversal)
2. Created a new lower High
3. Major rejection in the area on the Weekly Timeframe ( a lot of wicks on top of candles on the weekly)
4. Wait for pullback and rejection on lower timeframe to enter position
GBPNZD Sell wait for 2 to 3 days.A Pattern similar to head and shoulders has formed in GBPNZD. so, it might most probably will have a sudden downward spike.
