GBPNZD trade ideas
Don't miss the great buy opportunity in GBPNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.9315). 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 resistance.
. The RSI is at 65.
Take Profits:
TP1= @ 1.9510
TP2= @ 1.9645
TP3= @ 1.9795
TP4= @ 1.9995
TP5= @ 2.0155
SL= Break below S2
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GBPNZDGbpnzd is in a parallel channel and reached to the major support level, wait for support breakout or trendline breakout.
Took a sell on GBP/NZD on 1HrPrice looked like shit when it was in a choppy structure, then finally created a new zone (The big green candle), then price reached the daily sell zone, created a bearish price action pattern and I took a sell call till the next buy zone, lets see what happens.
I'm not a financial advisor, this content is for only educational purposes, always use a stop loss (it will help you to not blow your entire trading account lol). Good Luck to me
GBPNZD - Buy opportunity Comes.NOTE: - stop loss will be change according to the price action. Its not confirm SL . :)
Don't miss the great sell opportunity in GBPNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (2.0371). 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.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 2.0023
TP2= @ 1.9620
TP3= @ 1.8937
SL: Break Above R2
