NZDGBP trade ideas
Don't miss the great sell opportunity in GBPNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (2.0485). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 2.0273
TP2= @ 1.9995
TP3= @ 1.9415
SL: Break Above R2
Sell Opportunity on GBPNZDSell 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
GBPNZD TRADE SETUP FOR THE DAY 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.
What to expect from GBP/NZD for today 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 Scalper
TIP of the day: do not sit down and start following the price until something happens, get your scenario ready and set some alarms for the price
GBPNZD DAILY LONG with 1:7 RReveryone looking to short the pound so buy orders racking up and Boris Johnson won the poll..fingers crossed
gbpnzd next possible movegbpnzd in a channel long from hare according to day candle next 3or 4 will green , than it will follow big trand
GBPNZD SHORT!A PERFECT TRADE TO SHORT! KEEP YOUR STOP AS ALWAYS, AND MAKE A BIG CHUNK OF PROFIT, CHEERS!
short on mondaytoday is 8 October 11 October result will come the economically gbp is weak but it will again sustain Try it with me
today is 8 October 11 October result will come the economically today is 8 October 11 October result will come the economically gbp is weak but it will again sustain Try it with me
long term investment have good margin of safety (11 oct result)today is 8 October 11 October result will come the economically gbp is weak but it will again sustain Try it with me
Buy GBPNZD : Inverted head and shoulderThe 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 breakout. Once done, the first target will be at 1.95742, which is equivalent to the height of the shoulder and then at 1.98359. The stop loss for the trade is at 1.89833.
A CLEAR SELL MARKET GO FOR IT!ALL LINES ARE MENTIONED ON THE CHARTS GO FOR IT, SHORT GBPNZD, WEEK ACROSS THE BOARD.
