NZDGBP trade ideas
GBPNZDOANDA:GBPNZD
1) Good support and resistance
2) RSI reached over low
3) bullish started
4) For long
Breakout retest at resistanceplanning to wait for a pullback before going long for price to test next supply area above
GBPNZD Long ProjectionSetup Contains:
1. Stop Hunt
2. LTF Point Of Interest
3. Break of Structure
4. Return To OrderBlock
FOLLOW PAFX & TRADE LIKE BANKS 💸
GBPNZD potential reversal to the upsideGBPNZD is on a symmetrical triangle (bearish triangle) on the weekly time frame although we are looking at a potential uptrend to hit the resistance on top and then a continuation to the downside..
💡Don't miss the great sell opportunity in GBPNZD
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (2.02108).
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 a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 30
Take Profits:
TP1= @ 1.99346
TP2= @ 1.98097
TP3= @ 1.96927
TP4= @ 1.94870
TP5= @ 1.93515
SL: Break Above R2
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gbp nzd look for a short with tight stoplossuse lot size properly without risking 1% per trade.
1:4 rr minimum
sell trade with small sl
GBPUSD DAY CHART ANALYSISGBPUSD 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
Three months old H4 trendline brokenThree months old H4 trendline broken, Possible sell entry
Let us wait for the price action to confirm bearish for good R:R
GBPNZDBroken monthly trendline after a strong consolidation near by its resistance which indicates buyers decided to step in finally to move further. In weekly time frame its taking a perfect retracement one If the next week ends in green and moved above the last two weeks high we can go for long.
NZD gets stronger in indexLets see the rally against the index measure, compared to GBP and AUD. NZD late to react over the upstream. so taking that chance to make GBPNZD to come lower, as same NZDJPY to come higher the same pattern.
💡Don't miss the great buy opportunity in GBPNZDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.02346).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPNZD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 59
Take Profits:
TP1= @ 2.0377
TP2= @ 2.0538
TP3= @ 2.0709
TP4= @ 2.0840
TP5= @ 2.1002
SL= Break below S2
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
GBPNZDStill on trade.
those who are looking for a trade on GN, waiting for a re- test for 2nd entry.
Thank you
{=GREAT SELL OPPORTUNITY IN GBPNZD=}A big profit may generate. Just following an bearish engulfing pattern is formed at resistance, indicating a long term bear market.
!Happy trading
GBPNZD Intraday Overview 06-01-2022#forexsignals #freeforexsignals #dailyforexsignals #weeklyforexsignals
#GBPNZD reached the buyers target zone. The seller’s price of interests are 2.0042
The possible targets are 1.9962, 1.9865
These analysis are based on the current market swing and we update our views based on the upcoming future swings
GBPNZD Short. Can Get good profit hereOn Daily Chart , It is a strong support zone , Market is overloaded with buyers now its time to see sellers on dominant side.
GBPNZD Intraday Overview 05-01-2022#forexsignals #freeforexsignals #dailyforexsignals #weeklyforexsignals
#GBPNZD daily bias looks bearish. The seller’s price of interests are 1.9919
The possible targets are 1.9849, 1.9800
These analysis are based on the current market swing and we update our views based on the upcoming future swings
GBPNZDi think it shoud be began falling to level of 61.8 of fibonachi level and i see in this chart sypher pattern
{GREAT BUY OOPPORTUNITY IN GBPNZD}A good structure of inverted head and shoulder is formed. Expected to move in down and up direction. Use proper risk management.
Happy trading!
GBPNZDwhat do you think ? i think it triangel in side wave 2 and after it is compleate the chat start wave 3 and you can open sell
